The public review process has begun for 100 Gold Street, a three-tower mixed-income development in the Financial District, Manhattan. Designed by CetraRuddy Architects and developed by GFP Real Estate, the project will yield approximately 4,000 homes, including around 1,000 permanently affordable, rent-stabilized units. The development will also include an older adult center replacing the existing facility operated by Hamilton-Madison House, roughly 40,000 square feet of public realm improvements, and a 40,000-square-foot publicly accessible fitness center with community programming. The property is located at the corner of Gold and Frankfort Streets.
Mayor Zohran Mamdani announced the start of public review this week with an updated plan that adds roughly 300 homes to the approximately 3,700 units proposed at the time of our last update in December 2025, when the city selected GFP Real Estate through a competitive request for proposals. The building will use a cross-subsidy structure to rise at no cost to the city, with proceeds from the site’s disposition funding the relocation of the Department of Housing Preservation and Development and the other agencies it houses into modern office space. According to the city, the project will nearly double the number of permanently affordable homes built in Manhattan Community District 1 over the past decade.
Renderings depict three residential towers as bronze-toned slabs that would rank among Lower Manhattan’s tallest structures. Based on the renderings, the tallest appears to rise at least 1,000 feet and the two companions roughly 800 feet and 450 to 500 feet; exact heights, floor counts, and final unit counts will be determined through the review process. A ground-level view shows a landscaped public plaza with mature trees, stone seating, and planting beds fronting a glazed ground floor, while a separate image previews the older adult center as a dining hall wrapped in floor-to-ceiling glass and lined with wood columns.
The city will hold a scoping hearing next month to begin the formal environmental review, which will continue through the fall. The project is expected to enter the Uniform Land Use Review Procedure in 2027, setting up months of public review before Manhattan Community Board 1, the borough president, the City Planning Commission, and the City Council.
Subscribe to YIMBY’s daily e-mail
![]()
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews








hell yea
Just make sure the one bedroom apartments built for low income and middle income arr not 250 square feet but at least 650 feet . Many new buildings are only giving 200 feet and claim $3700 a month is a fair rent .