NYCEDC Chooses Developer for Major Housing Project at 100 Gold Street

December 9, 2025 - 04:01

The NYC Economic Development Corporation (NYCEDC) has announced the selection of GFP Real Estate to spearhead the redevelopment of 100 Gold Street, located in the Financial District. This ambitious project aims to transform the site into a mixed-income residential building, contributing significantly to the city’s housing stock.

The redevelopment plan includes the creation of approximately 3,700 housing units, which will cater to a diverse range of income levels. This initiative is part of a broader strategy to address the ongoing housing crisis in New York City by increasing the availability of affordable housing options.

The project is expected to bring new life to the Financial District, an area that has seen significant changes in recent years. By incorporating mixed-income units, the development aims to foster a more inclusive community, ensuring that residents from various socioeconomic backgrounds can find a home in this vibrant part of the city.

As the project moves forward, it is anticipated to create numerous job opportunities and stimulate local economic growth, further enhancing the neighborhood's appeal.