100 Gold Street

The 100 Gold Street redevelopment, led by GFP Real Estate, will provide much-needed mixed-income housing in the Financial District while delivering a new and improved older adult center for local residents, public realm enhancements, high-quality jobs and funds for the City to relocate critical City agencies, such as the Department of Housing Preservation and Development (HPD), to modern office space. 

Reimagining 100 Gold Street

100 Gold Street sits in Lower Manhattan's Financial District near the Brooklyn Bridge, a bustling neighborhood close to major employers, schools, shopping, and cultural attractions. Home to several City agencies—including the Department of Housing Preservation and Development (HPD)—and an NYC Aging Older Adult Center operated by Hamilton Madison House, the existing Brutalist-style office building at 100 Gold Street requires extensive repairs to continue serving civil servants and the public safely and effectively.

After a competitive RFP process, NYCEDC announced in December 2025 the selection of GFP Real Estate to lead the transformation of 100 Gold Street into a new, mixed-income residential building. GFP Real Estate is a proven family-owned real estate firm with over 70 years of experience in New York City. The firm has a track record of working with the Financial District community and has been at the forefront of the neighborhood’s evolution from a traditional office hub to a vibrant live, work, play neighborhood. GFP is also a leader in office-to-residential conversions, including the development of 25 Water Street, the largest office-to-residential conversion in the country.

The vision for this project includes:

• Much-needed Housing: Use of the 485x program to build approximately 3,700 new units of high-quality, mixed-income housing, with a minimum of 25 percent designated as permanently affordable without the need for public subsidy.
• New and Improved Older Adult Center: Delivering a new, purpose-built space that better serves the current and future needs of the local population of older adults. Reflecting feedback from months-long community outreach and engagement, the new center will be located back onsite at 100 Gold Street. During construction of the new project, a temporary facility will be provided nearby to ensure no disruption in service to the stakeholders of the Hamilton Madison House.
• Enhanced Public Realm: Improving the surrounding streetscape with inviting and attractive sidewalks, active ground floor retail uses, a new state-of-the-art fitness center, vibrant landscaping, and street furniture.
• Funds for Modern Office Space for City Agencies: Proceeds from the disposition of the City-owned site will fund the acquisition and modernization of an existing office building(s) for the City agencies that currently occupy 100 Gold Street.  
• High-quality Job Creation: Under the 485-x program, the project is expected to create hundreds of high-quality temporary and permanent jobs.

Throughout 2026, the development team at GFP Real Estate will conduct site due diligence and environmental review. In 2027, the project is anticipated to certify into the Uniform Land Use Review Procedure (ULURP), which will involve robust engagement with elected officials and local stakeholders.