New York Construction Report staff writer
The City of New York has released a Request for Proposals (RFP) for the redevelopment of 100 Gold Street in Lower Manhattan into a significant mixed-income residential building. The project is expected to provide over 1,000 units, with a minimum of 25 percent designated as affordable housing.
The existing building, currently home to several city agencies, including the Department of Housing Preservation and Development (HPD) and the Department of Citywide Administrative Services (DCAS), will be transformed into a modern residential complex. Proceeds from the project will help fund the relocation of the building’s existing older adult center, built in the 1960s, into a new updated facility, while city agencies will receive new office space.’
The 100 Gold Street redevelopment is part of the larger “Manhattan Plan,” a key initiative introduced by Mayor Eric Adams aimed at creating 100,000 new homes across the borough, with plans to bring the total number of homes in Manhattan to 1 million over the next decade.
“This project is vital to addressing our city’s housing crisis and creating more accessible housing for hardworking New Yorkers,” Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, said in a statement. He added that the project would not only provide affordable housing but also create union jobs in construction.
The 100 Gold Street site is located at the intersection of Gold and Frankfort streets in the Financial District, offering access to multiple neighborhoods and cultural attractions, as well as excellent public transportation links, including subway lines and the New York City Ferry.
The RFP calls for developers to create a financially viable plan that will maximize the site’s development potential, enhance the surrounding public space, and align with the city’s sustainability and resiliency goals. Proposals are due by June 5th, 2025, and a virtual information session will be held on March 19.
“The 100 Gold project will help meet the critical need for affordable housing in a transit-rich area,” said Rachel Fee, executive director of the New York Housing Conference. “This project exemplifies how creative solutions can address both the housing crisis and the needs of city employees.”
For more information on the RFP and how to apply, visit EDC.nyc.
