The city announced that GFP Real Estate will redevelop the city‑owned building at 100 Gold Street, launching a public review of a plan that would add nearly 4,000 new homes, with 25% set aside as permanently affordable units.
Unveiled on September 22, 2026, the proposal calls for approximately 4,000 residential units in Lower Manhattan, reserving a quarter of them for permanent affordability. The initiative is intended to broaden the housing supply and secure affordable residences in the neighborhood.
The redevelopment follows a competitive selection process and now moves into the public review phase under the oversight of Mayor Zohran Mamdani and New York City officials.