A major historic building in South Philly is long overdue for redevelopment, but will it happen anytime soon?

Mt. Sinai Hospital, on the 400 block of Reed Street, was once one of the biggest and busiest hospitals in Philadelphia, towering 146 feet above the Pennsport neighborhood. Completed in 1930, the tower was constructed to end overcrowding at the hospital’s smaller and older buildings on the same site.

Former entrance

From a distance

During the last quarter of the century, the hospital declined. It was sold to Graduate Health System, which was later taken over by Allegheny Health System. Allegheny closed down the hospital less than a year after it fell under its control.

Since it was shut down in 1997, this grand art deco building has sat vacant. The building is currently owned by Mt. Sinai Partners LP, a group of local private investors…