NEW YORK | 100 Gold St | FT | FLOORS

[NYguy]

It would help speed things along if the City would commence with the relocation of agencies sooner.



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[Double L]

This is a wonderful project for the community board one neighborhood. It will increase housing in New York City, a city that largely and widely needs new housing. Mayor Eric Adam has a great proposal to address New York Cities large housing shortage with his goal to bring in 100,000 new residential units and make an effort to bring the population of manhattan to one million residents. This will cater to families precisely by encouraging large units that can hold families.

[BuildThemTaller]

Originally Posted by Double L

This is a wonderful project for the community board one neighborhood. It will increase housing in New York City, a city that largely and widely needs new housing. Mayor Eric Adam has a great proposal to address New York Cities large housing shortage with his goal to bring in 100,000 new residential units and make an effort to bring the population of manhattan to one million residents. This will cater to families precisely by encouraging large units that can hold families.

The AI bots are wild.

[NYguy]

This has nothing to do with what's being built anywhere else.

[chris08876]

Next Steps Announced For 100 Gold Street Redevelopment In the Financial District, Manhattan

The City of New York has announced the next steps in the redevelopment of 100 Gold Street, a city-owned building planned for conversion into a mixed-income residential building in Manhattan’s Financial District. Led by the New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD), the project will yield approximately 1,000 units and is part of Mayor Eric Adams’ “Manhattan Plan,” which aims to create 100,000 new homes in the borough over the next decade. The 95,000-square-foot building is located at the corner of Gold Street and Frankfort Street.

Beyond residential units, 100 Gold Street will include an older adult center for local residents, replacing an existing facility built in the 1960s. Additionally, city agencies currently occupying 100 Gold Street, including HPD and the Department of Citywide Administrative Services (DCAS), will be relocated to new office space. The sale proceeds from the project will be used to fund this relocation and support additional public benefits, including affordable housing.

NYCEDC is seeking proposals that prioritize high-quality housing, sustainability, community integration, and responsible development. The selected developer is expected to demolish the existing structure and construct a new mixed-use building in its place.

“The 100 Gold project stands as an incredible investment in our city, ensuring that more residents will have access to safe and stable housing,” said DCAS commissioner Louis A. Molina. “We are proud to do our part to support the development of these much-needed spaces that will undoubtedly have a transformative impact on the lives of many New Yorkers. Day after day, this administration is making the vision of equitable, affordable housing a reality.”

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NYY

[NYguy]

Site files from the rfp (haven't seen the actual rfp)...


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[Mulan]

Collection by Miss Mackensen

[DCReid]

I wonder if the 500K in offices that need to be relocated could be preleased in 2 WTC and at least kick off the construction?

[NYguy]

Originally Posted by DCReid

I wonder if the 500K in offices that need to be relocated could be preleased in 2 WTC and at least kick off the construction?

That would be nice, but I think the rents would be too high. There are other huge blocks of space available in some older buildings. The city is constantly leasing space in buildings throughout the boroughs. Somebody will benefit from the move.

[NYguy]

https://www.ebroadsheet.com/fools-gold/

Fool’s Gold?
Seeking Better Terms in Pending Sale of Publicly Owned Development Site

Community Board 1 (CB1) is contesting a plan by the Adams administration to develop a massive residential building on a publicly owned, two-acre site at 100 Gold Street (adjacent to Southbridge Towers). At issue is the dearth of specific, tangible benefits for Lower Manhattan required by the City’s solicitation to prospective developers.

A preliminary sketch of the new development shows three towers (two apparently taller than 75 stories, and a third approximately half that height) perched over a base of approximately ten stories. Mayor Adams has said that he expects the development to contain more than 2,000 apartments

In its critique of the City’s Request for Proposals (RFP), contained in a resolution enacted at CB1’s April 22 meeting, the Board notes, “the amount and depth of affordability of housing is not mentioned in the RFP.”

This ambiguity could prove crucial. While the Mayor’s public statements about the 100 Gold project have asserted that it will be “at least 25 percent affordable” (which would translate into roughly 500 rent-restricted units), the City has launched development initiatives elsewhere with much higher levels of affordability.

These include Willets Point (in Queens), where 2,500 homes will be 100 percent affordable; and Logan Fountain (in the Cypress Hills section of Brooklyn), where 50 percent of 343 new units are affordable. Similarly, in the planned Gansevoort Square project (on West 12th Street, between Washington Street and Tenth Avenue), the City’s RFP specifies that developers set aside a minimum of 50 percent of the planned 600 units as affordable dwellings.

CB1’s most recent annual Statement of District Needs contends that Lower Manhattan “is not adequately stocked with existing affordable housing, nor does it have many opportunities to generate new affordable units…. There are simply not enough emerging units for area residents who are being pushed out of their homes as buildings exit older affordability programs such as Mitchell-Lama or other tax-levied conveyances.”

[NYguy]

https://commercialobserver.com/2025/12/nycedc-gfp-real-estate-redevelop-100-gold-street-housing/

NYC Picks GFP Real Estate to Redevelop 100 Gold Street Into 3,700 Housing Units


BY ISABELLE DURSO
DECEMBER 8, 2025

The aging city-owned office building at 100 Gold Street is finally getting its shiny revamp.

After a “competitive” request for proposals process, the New York City Economic Development Corporation (NYCEDC) said it has chosen GFP Real Estate to redevelop the 1960s-built, 10-story office building in Manhattan’s Financial District into a mixed-income residential building, Commercial Observer has learned.

As part of the proposed project, GFP would build approximately 3,700 housing units, with a minimum of 25 percent required to be permanently affordable, according to the NYCEDC. Plans also call for approximately 40,000 square feet of new public open space, and a new “state-of-the-art” fitness center inside the building.

In addition, proceeds from “the disposition of the city-owned site” would be used to acquire new office space for the New York City Department of Housing Preservation & Development (HPD), which currently houses its offices at 100 Gold Street, the NYCEDC said. The funds would also be used to find new office space for other tenants of 100 Gold Street, which include New York City’s Housing Choice Voucher program and nonprofit organization GrowNYC.

The project will undergo land use reviews in 2027, when “robust community engagement will continue,” the NYCEDC said.

News that GFP was selected for the project comes after the real estate firm recently completed another major office-to-residential conversion in the Financial District.

Last week, a joint venture between GFP and Metro Loft inked an $835 million debt package to refinance 25 Water Street, which was transformed from a 1.1 million-square-foot office complex into a 1,320-unit apartment building. The project — the largest office-to-resi conversion in the U.S. to date — also features 100,000 square feet of amenities, including rooftop and indoor pools, a spa, a bowling alley, and a game room.

[BK1985]

2027? Wtf?

[chris08876]

Hopefully this can speed up under Mamdani. 2027 is a waste of time when 2026 should be the year to get this rolling. Last thing we want is it to be 2030 and its still not operational.

[NYguy]

Originally Posted by BK1985

2027? Wtf?

Yeah, there’s no reason this shouldn’t be at least in ULURP next year. I know there’s a long process before that can even begin. But 395 Flatbush is already in ULURP, even though that has an extended timeline as well. Both the city and state have long processes to getting land approved for affordable housing (remember 418 11th Avenue?). Things move way too slow.

[ardecila]

Hmm... 3700 people apartments at an average Manhattan household size of 2.00 is 7400 people. That works out to roughly 200k ppsm density. Not unheard of in NYC but definitely up there with Yorkville and LeFrak City among the densest concentrations of humanity in the developed world.

I would argue that to put this many people on such a small piece of land definitely requires a lot of time and careful planning (maybe years) even if you are not letting NIMBYs derail the process.

[NYguy]

Originally Posted by ardecila

Hmm... 3700 people at an average Manhattan household size of 2.00 is 7400 people. That works out to roughly 200k ppsm density. Not unheard of in NYC but definitely up there with Yorkville and LeFrak City among the densest concentrations of humanity in the developed world.

I would argue that to put this many people on such a small piece of land definitely requires a lot of time and careful planning (maybe years) even if you are not letting NIMBYs derail the process.

Not really. The city knows what it wants on the site, the bidders knew what was expected. Anything needed (school, grocery, etc.) can be built on site. There is are a huge amount of new residential units being rushed to Lower Manhattan, and none of that requires any extending amount of study and planning. New infrastructure, etc, would come with any large development. But we'll see if there's a push to move things faster with the incoming administration.

[Crawford]

I imagine this will be two towers. 3,700 apartments will not be one tower.

The existing building is full of thousands of municipal employees. I bet it takes some time to find large blocks of new space.

[NYguy]

Originally Posted by Crawford

I imagine this will be two towers. 3,700 apartments will not be one tower.

The existing building is full of thousands of municipal employees. I bet it takes some time to find large blocks of new space.

Yeah, the massing graphic depicted 2 towers (I read somewhere 3) with a shared base. If there’s no height aversion (there shouldn’t be), they should be able to fit a lot on that site.

[NYguy]

Part of the mayor’s massive housing push. The unit count is 3X that of 395 Flatbush btw, this will be a massive development for housing.