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.
100 Gold Street, via Google Maps
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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DCAS should audit every city property before signing new leases for these agencies. Also the city should do a deal with Pratt to move as much as they can from their existing footprint into this building and then redevelop the current Pratt Campus. It’s called a two-for-one.
Pratt’s building needs to be replaced with something as monumental as Borough Hall across the street.
That’s a ‘Gold’ mine for someone..
It certainly sounds like the redevelopment of 100 Gold Street is being meticulously planned with the future well-being of New Yorkers in mind. High-quality housing, sustainability, and community integration are critical components for modern urban developments, and it’s commendable that these priorities are at the forefront of the project. The statement from DCAS Commissioner Louis A. Molina underscores the project’s significance, highlighting its potential to provide safe and stable housing for more residents. This initiative aligns with the administration’s broader vision of equitable and affordable housing, which is essential for fostering a thriving and inclusive community. Projects like 100 Gold Street not only aim to enhance the physical infrastructure but also contribute to the social and economic fabric of the city. By addressing the needs of diverse populations and ensuring responsible development, such initiatives can have a lasting and positive impact on urban living. This balance is crucial for creating vibrant, livable cities that cater to diverse populations. Such projects not only contribute to the physical infrastructure of a city but also enhance the social and economic well-being of residents. By incorporating community facilities and affordable housing, the redevelopment of 100 Gold Street is poised to foster a sense of belonging and support for local residents. It’s an exciting time for urban development, and it’ll be fascinating to see how this project and others like it shape the future of cities.