NYC Names GFP Real Estate to Turn 100 Gold Street Into 3,700-Unit Housing Complex

Overview

• At least 25% of the planned apartments must be permanently affordable, alongside roughly 40,000 square feet of new public open space and a publicly accessible fitness center.
• Proceeds from the site’s disposition will fund new offices for HPD and other current occupants, and the plan provides a temporary location and then a purpose-built facility for the Hamilton-Madison House senior center.
• The 1960s building that houses multiple city agencies has been deemed costly to repair, and relocations could begin around 2029 according to prior EDC materials.
• EDC declined to release purchase terms, and reporting highlights $45,000 in Gural-family donations to a PAC supporting Mayor Eric Adams during GFP’s bid; City Hall says the contributions had no influence on the selection.
• Environmental and land-use reviews are expected in 2027, and GFP cites recent large office-to-residential conversions, including 25 Water Street, as evidence of its capacity to deliver.