NEW YORK | 100 Gold St | FT | FLOORS

[NYguy]

The city will create 2,000 housing units at 100 Gold Street in Lower Manhattan.



https://www.bisnow.com/new-york/news/mul...sing-goals-in-annual-city-address-127482

January 9, 2025 Ciara Long

New York City Mayor Eric Adams, in his annual State of the City address Thursday afternoon, called for more development of housing on city-owned sites, including a 2,000-unit project in the Financial District.

“From the brownstones in Harlem to the high-rises in Midtown, we will say yes to more housing and yes to a more family-friendly city,” Adams said onstage at the Apollo Theater in Harlem, announcing a new platform that plays on last year’s rezoning push: “City of Yes for Families.”

The goal is to work with the city’s housing agencies to build more family-sized units, allowing for parents, grandparents and children to live under the same roof, he said. That includes redeveloping the Bloomingdale Library with 800 units and a new library facility.

...Adams has bigger plans for Manhattan too.

“We’ll start to use the new zoning tools we secured from Albany and our City of Yes plan to add 100,000 new homes in Manhattan and reach a total of 1 million homes in the next decade,” he said. “We call it ‘The Manhattan Plan.’”

Adams said his administration had exceeded promises made in last year’s address to build 24 housing projects on public sites totaling 12,000 new units. He committed to more in 2025, including a 2,000-unit housing development at 100 Gold St.

The Department of Housing Preservation and Development occupies the nine-story, 1960s-built office building near City Hall, which would likely be replaced by a mixed-income project under Adams' plan — a move praised by advocacy group the New York Housing Conference.

https://www.nyc.gov/office-of-the-mayor/...da-make-new-york-city-best-place-raise-a

And this year, with City of Yes for Families, we move forward with the first sites. Including over 2,000 new mixed income homes at 100 Gold Street, where many of our city staff work today. We've already introduced five neighborhood plans to build up to 50,000 homes from Brooklyn to the Bronx. And this year, we'll go even bigger and start bringing a new generation of housing to Manhattan.

Over the decades, housing prices in Manhattan have gone up while working class families have been pushed out. So, we'll start to use the new zoning tools we secured from Albany and our City of Yes plan to add 100,000 new homes in Manhattan, reach a total of one million homes in the next decade. One million homes in the next new decade. We like to call it the Manhattan Plan.

https://www.nyc.gov/office-of-the-mayor/...k-city-best-place-raise-family-fourth#/0

In 2025, the Adams administration will continue that work and advance the first sites for development, including 100 Gold Street, where over 2,000 new homes will be created just steps away from City Hall. The Adams administration will also advance housing projects at 395 Flatbush in Downtown Brooklyn, on the waterfront at Coney Island West, and in St. George on Staten Island. Collectively, these housing projects and others are expected to produce over 8,700 units, with additional public sites to be announced later this year.

[NYguy]

https://www.nyc.gov/site/dcas/business/dcasmanagedbuildings/100-gold-street.page


100 Gold Street

100 Gold Street was built as a private office building in the mid-1960s. The City of New York purchased the building in 1993, for $36,930,000. The building, located at the corner of Gold and Frankfort Streets, is one of the newer of the City's buildings in the Civic Center area.

It is home to the Department of Housing Preservation and Development, and served as a rest and relief center for rescue workers after the World Trade Center attack. It is also the location of an active Senior Citizen Center for residents in lower Manhattan, the Lower East Side, and Chinatown.

[chris08876]

Sounds like a significant alteration like 111 W 57th for 2000 units. Unless they are going to cram 2000 units in the existing structure as is, which would be hyper dense. Not sure if they mentioned it as some are behind paywall. But, good news overall. 2000 units...

I wonder what kind of tower we are looking at. From a size perspective (massing).

[NYguy]

I think because the building is so massive, they would have to gut the center to create an opening because of housing requirements. At the very least they could make some additions to the existing building. But it would likely be torn down to create a completely new, probably multi-tower development.

For comparison, the neighboring Southbridge Towers complex:

COMPLEX FACTS

1641 units 9 buildings

Built 1971

https://southbridgetowers.com/

Cradled between the Civic Center and Financial District in Lower Manhattan, this private cooperative features 1,650 residential units, offering city dwellers an intimate place to call home.

Four 27-story towers and five low-rise buildings boast residences in the most convenient location south of the Brooklyn Bridge, and some of the area’s lowest monthly maintenance fees with utilities included.

[NYguy]

Could be one of the largest new residential developments Downtown. 5 WTC will have about 1,300 units. The site is large enough to hold a couple of towers maybe...

[NYguy]

This will all be a part of the "Manhattan Plan"...


https://www.nyc.gov/site/planning/plans/manhattan-plan/manhattan-plan.page

Manhattan Plan

Manhattan is an economic engine, a global leader in jobs, innovation, and commerce. It has long been a place where someone could rent an apartment and start their journey. But in recent decades, this possibility has become increasingly out of reach for New Yorkers.

The Manhattan Plan is an initiative to reverse that trend by adding 100,000 new homes to the borough over the next decade, allowing Manhattan to pass the 1 million homes mark.

The initiative includes the Midtown South Mixed-Use Plan that is currently underway, and it will come to encompass neighborhoods and corridors and public sites – including 100 Gold Street in the Financial District. It will make use of housing tools created through City of Yes for Housing Opportunity, including new high-density residential districts that require Mandatory Inclusionary Housing.

During 2025, there will be an engagement and planning process for the Manhattan Plan, bringing together community members and stakeholders, partner agencies, and elected officials.

More details will be announced soon; stay tuned.

[chris08876]

That Manhattan Plan is exciting. That, coupled with the City of Yes for the other boroughs, and I think we are seeing the beginning of another boom. It only took long enough but the city is realizing that we need much more housing. This, in addition to what is going on in NJ, will help to some degree housing wise. And its a good benchmark to set, 100k units just for Manhattan alone. Might be the start of some good years.

And you have to wonder if congestion pricing will increase the demand even more. I mean it could be the difference between someone wanting to be closer to work, in the zone... if the prices can allow it. The whole city needs to be saturated in new units... SATURATED.

They better use that money from the new tax, I mean toll... to increase service time and increase capacity to allow for more of these walkable developments.

[NYguy]

Just for comparison, the scale of the amount of housing units the city is proposing be built on this sit (2,000) compared to some neighboring developments:

250 Water Street: 400 units

Gehry 8 Spruce St: 900 units

5 WTC: 1,325 units

130 William St: 240 units

[Busy Bee]

Rendering posted over on NYY and it's a dusey.

[NYguy]

^ I would take that more as a starting point than what will be built. The city will have to put the site out to bid for developers. But it's how I would imagine you fit that many units on site. The NIMBYs that fought 250 Water St won't have a chance here.



https://www.instagram.com/fxcollaborativ...0PG.CYOU%E3%80%91.cuvq&hl=en&img_index=1

We are proud to have contributed to many of the projects and programs highlighted in Mayor Adams’ State of The City address today, including the Kingsbridge Armory, 100 Gold Street, Staten Island North Shore, and City of Yes.

[BK1985]

Finally. This is the way. I wonder if we can expect similar scale to the other mentioned locations.

[chris08876]

Almost spilled by tea on the keyboard. Yes! City of YES! YES, YES! (Tourette's of "YES").



Enough of these large scale projects and we will see much needed relief for housing.

[NYguy]

Originally Posted by BK1985

Finally. This is the way. I wonder if we can expect similar scale to the other mentioned locations.

The city is going to push the higher 18 FAR on these residential sites, so it all depends on how big the sites are. At the Flatbush Ave site, where looking at a millions sf+ tower.

Originally Posted by chris08876

Almost spilled by tea on the keyboard. Yes! City of YES! YES, YES! (Tourette's of "YES").



Enough of these large scale projects and we will see much needed relief for housing.

Lol. Now just get us a team to build, another architect, and then build it! This will have more units than both 5 WTC and 418 11th Ave in Hudson Yards. You've got to build dense wherever you can in NYC. Enough of the NIMBY madness that has restricted growth all these years because they're afraid of shadows and blocked views.

[The New York Lion]

This tower is absolutely massive.

What an absolute coup for The World Capital if we can get something of this scale in Lower Manhattan.

[Crawford]

This building is such a POS. I've been inside and it looks like something out of East Berlin, circa 1980. So happy it's being replaced by a soaring towers, with much-needed housing.

Also, this portion of the Lower Manhattan skyline desperately needs some new additions. This is a start. There should be like a dozen similar residential giants filling in the downtown skyline.

[Busy Bee]

Originally Posted by NYguy

^ I would take that more as a starting point than what will be built. The city will have to put the site out to bid for developers. But it's how I would imagine you fit that many units on site.

What's the reason you know this for sure? Were FXCollaborative just hired to do vision boards or something? That would be a shame, half the work is done... just buy this rockin design from them and get to work.

Apologies in advance if the answer is in the press release... I didn't read it.

[Busy Bee]

Civic Fame is looking good in that rendering.

[BK1985]

Also what are the chances that the city seriously starts infilling NYCHA. I know there are a few smaller projects, namely in Chelsea but there is prime land available all over the place. No more games, we need the housing asap.

[BK1985]

Originally Posted by Busy Bee

What's the reason you know this for sure? Were FXCollaborative just hired to do vision boards or something? That would be a shame, half the work is done... just buy this rockin design from them and get to work.

Apologies in advance if the answer is in the press release... I didn't read it.

I agree. Also this design is quite handsome so it would be nice if the chosen developer just takes it and runs with it

[Crawford]

Originally Posted by BK1985

Also what are the chances that the city seriously starts infilling NYCHA. I know there are a few smaller projects, namely in Chelsea but there is prime land available all over the place. No more games, we need the housing asap.

I have a friend working in upper management at HPD. Every relevant city agency is looking at this, and question is more when/how than if.

NIMBYism has been the big issue to this point (has been seriously discussed since Bloomberg years) but the city now seems more receptive to such initiatives. The Chelsea initiative is just the start.

You don't have to be a city planner to see the obvious potential of some of the NYCHA sites. Can you imagine the potential of the Amsterdam Houses, behind Lincoln Center, or Queensbridge, in LIC, or all those developments along the East River? You could build 40-60 floor towers, replace every NYCHA unit and add tens of thousands of additional units.