100 Gold Street Redevelopment Advances with 4,000-Unit Plan Near Brooklyn Bridge
The public review for the redevelopment of 100 Gold Street in New York City has officially commenced, with a hearing scheduled for October 29. Initially proposed by former Mayor Eric Adams in January 2025, the project plans to create 4,000 mixed-income housing units, 25% of which will be affordable, an increase from the original 1,000 units. Under Mayor Zohran Mamdani, an additional 300 units were incorporated, contributing to the aim of 200,000 new affordable homes. The current site, which accommodates city agencies and an adult center, will feature a renovated center, a fitness facility, and 40,000 square feet of amenities, all funded without city resources. This development follows the resolution of a legal dispute regarding the Elizabeth Street Garden, with Councilmember Christopher Marte endorsing the project in return for the garden's protection.
Key facts
- Public review process has begun for the 100 Gold Street redevelopment in the Financial District near the Brooklyn Bridge.
- A public hearing is scheduled for October 29.
- The plan was first proposed in January 2025 by then-Mayor Eric Adams with more than 1,000 mixed-income units, at least 25% affordable.
- The projection was later increased to 3,700 units, and Mayor Zohran Mamdani's administration added 300 units for a total of 4,000, with a quarter affordable.
- The development aligns with the mayor's goal of building 200,000 new affordable homes and preserving another 200,000 over the next decade.
- GFP Real Estate was selected by the city following a competition to develop the site, which will include a revamped adult center, a commercial fitness center, and 40,000 square feet of neighborhood amenities with no city funding.
- The site currently houses city agencies, including the Department of Housing Preservation and Development, which will relocate, and one of New York City's older and largest adult centers, which will be renovated.
- A lawsuit against HPD over the Elizabeth Street Garden was dropped in August after Mamdani backed off a promise to evict the garden and build housing if elected.
Entities
Artists
- Zohran Mamdani
- Eric Adams
- Christopher Marte
Institutions
- GFP Real Estate
- Department of Housing Preservation and Development
- Elizabeth Street Garden files
- CetraRuddy Architects
Locations
- New York City
- New York
- United States
- Financial District
- Lower Manhattan
- Manhattan
- Brooklyn Bridge
- 100 Gold Street
- Manhattan Community District 1
- Elizabeth Street Garden