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NYC Plans Nearly 4,000 Homes At 100 Gold Street

  • On Tuesday, Mayor Zohran Mamdani announced the city has begun the public review process to redevelop 100 Gold Street in Lower Manhattan into nearly 4,000 homes, including about 1,000 permanently affordable, rent-stabilized apartments.
  • This updated proposal adds about 300 homes to earlier estimates of roughly 3,700 units, with the city selecting GFP Real Estate to develop the aging city-owned office building.
  • Plans for the development include a new older adult center to replace the existing facility operated by Hamilton-Madison House, along with about 40,000 square feet of public-space improvements and a 40,000-square-foot publicly accessible fitness center.
  • The development proceeds without direct city financing, with proceeds covering agency relocation costs, while officials state the plan provides nearly twice as many permanently affordable homes as built in Manhattan Community District 1 during the previous decade.
  • A scoping hearing is expected next month, with environmental reviews continuing this fall, as the project is scheduled to enter the city's Uniform Land Use Review Procedure in 2027.
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Commercial Observer broke the news on Tuesday, September 22, 2026.
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