Mount Sinai signs contract at 1212 Fifth Ave.

Durst Fetner Residential and Mount Sinai hospital have signed an
agreement to redevelop an apartment building at 1212 Fifth Avenue,
build
another tower for the hospital, and oversee the development of the
adjacent apartment building on East 102nd Street. S. Russell Groves
will design the renovated 1212 Fifth Avenue, which will include two-
and three-bedroom condominium units. Any of the building’s current nine
tenants who move out during construction will have his apartment
remodeled and will be offered the opportunity to purchase his unit,
DFR’s Hal Fetner said. The deal between Mount Sinai and DFR, a
partnership between the Durst and Fetner families, is expected to close
in September.