New York City is advancing plans to redevelop 100 Gold Street in Lower Manhattan into a mixed-use development with nearly 4,000 homes. It will include public open space and community amenities.
Redevelopment of Lower Manhattan’s 100 Gold Street Advances
New York City is advancing its plans to redevelop 100 Gold Street in Lower Manhattan. According to the official announcement, the site is planned to become a mixed-use development with nearly 4,000 new homes. This includes about 1,000 permanently affordable, rent-stabilized homes.
The current 100 Gold Street building houses city agencies, including the Department of Housing Preservation and Development. Those agencies will relocate to modern office space as part of the redevelopment.
When complete, the project will include nearly twice as many permanently affordable homes as have been built in Manhattan Community District 1 over the last decade. According to the announcement, completing the project at no cost will save resources for affordable housing development at other sites.
“100 Gold Street reflects the kind of bold, practical action needed to address New York City’s housing shortage,” said NYCEDC President & CEO Anthony Shorris. “By transforming an aging office building into nearly 4,000 mixed-income homes, including more than 1,000 permanently affordable units, we’re advancing Mayor Mamdani’s Block-by-Block Housing Plan and demonstrating how public land can be levered to meet New York City’s most pressing needs.”
Project Details and Next Steps
Apart from the new homes, the project will also include a new older adult center, open space for the public, community amenities, and a publicly accessible fitness center. GFP Real Estate was selected to develop the site through a competitive request for proposals process.
The updated plan adds about 300 homes compared with earlier estimates. The development is expected to be completed at no cost to the city through a cross-subsidy model. Proceeds will also help relocate city agencies currently working in the existing building to modern office space.
The city will hold a scoping hearing next month to begin the environmental review process. The review will continue this fall. The project is expected to enter the Uniform Land Use Review Procedure (ULURP) in 2027.
The redevelopment of 100 Gold Street is set to bring thousands of new homes and community-focused spaces to Lower Manhattan.
