The City of New York is taking a bold step forward in reshaping the Financial District with the redevelopment of 100 Gold Street. As part of Mayor Eric Adams’ ambitious “Manhattan Plan,” the project aims to deliver 1,000 new mixed-income residential units, reinforcing the city’s commitment to expanding housing opportunities in one of the most dynamic areas of Manhattan.
A Major Housing Expansion in the Financial District
Spearheaded by the New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD), this transformation aligns with a larger effort to create 100,000 new homes across Manhattan within the next decade. The 95,000-square-foot site, located at the intersection of Gold Street and Frankfort Street, will soon make way for a brand-new, state-of-the-art residential and mixed-use development.
Beyond simply adding more housing, the 100 Gold Street redevelopment project is designed with community enhancement in mind. It will replace the current, aging facility with a modern older adult center, providing essential resources and services for seniors in the neighborhood.
Revitalizing City Spaces with Purpose
To accommodate this transformation, the current tenants of 100 Gold Street—including HPD and the Department of Citywide Administrative Services (DCAS)—will relocate to new office spaces. Proceeds from the sale of the building will not only fund these relocations but will also be reinvested into vital public benefits, including additional affordable housing initiatives.
The NYCEDC has issued a Request for Proposals (RFP), calling on developers to prioritize sustainability, high-quality housing, and community integration in their plans. The selected developer will be responsible for demolishing the existing structure and constructing a modern, mixed-use building designed to enhance both the skyline and the local community.
A Transformational Investment in New York City’s Future
NYC officials view the project as a transformational investment in the city’s housing landscape. Louis A. Molina, DCAS Commissioner, underscored the significance of this initiative, stating:
The 100 Gold project stands as an incredible investment in our city, ensuring that more residents will have access to safe and stable housing. We are proud 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.
With this redevelopment, New York City continues to take decisive action in addressing its housing crisis while simultaneously revitalizing the Financial District with modern, sustainable living spaces. The transformation of 100 Gold Street is not just about new housing—it’s about building a future where all New Yorkers have a place to call home.