Final week, Mayor Zohran Mamdani’s administration introduced the beginning of the general public assessment course of for the 100 Gold Avenue redevelopment, which can quickly give New Yorkers a chance to weigh-in on the multi-skyscraper growth within the Monetary District.
A public listening to has been scheduled for October 29.
The plan to rework the city-owned Decrease Manhattan web site into mixed-income housing has been regularly growing because it was first proposed in January 2025 by then-Mayor Eric Adams. The Adams administration had initially introduced greater than 1,000 mixed-income models, not less than 25% of which might be reasonably priced. In that very same yr, nonetheless, the administration elevated the projection to three,700 models.
The Mamdani administration has expanded on Mayor Adams’s unique proposal by including 300 models, upping the full to 4,000. 1 / 4 of these models can be reasonably priced, immediately aligning the event with the mayor’s housing plan, which units an bold citywide objective of constructing 200,000 new reasonably priced houses and preserving one other 200,000 over the following decade.
The mission will practically double the variety of completely reasonably priced houses inbuilt Manhattan Neighborhood District 1 during the last decade.
“New York’s housing disaster calls for that we construct extra—and that we use each software now we have to do it,” Mayor Mamdani mentioned in a current assertion. “Meaning land the Metropolis already owns and asking the way it can serve New Yorkers higher. At 100 Gold Avenue, now we have a chance to show an growing old authorities constructing into practically 4,000 new houses, together with roughly 1,000 that can stay completely reasonably priced, whereas delivering new areas for the group.”
Presently, the 100 Gold Avenue web site is dwelling to metropolis companies, together with the Division of Housing Preservation and Improvement, which can relocate. The location additionally homes one in all New York Metropolis’s older and largest grownup facilities, which can be renovated.
The brand new web site can be developed by GFP Actual Property, which was chosen by the town following a contest. CetraRuddy is the architect for the mission and produced early photos of its design. The mission will embody the revamped grownup middle, a industrial health middle, and 40,000 sq. ft of neighborhood facilities. This can all be accomplished with no funding from the town.
This announcement comes after the Metropolis formally ended a yearslong authorized and political battle over changing the Elizabeth Avenue Backyard into reasonably priced housing for older New Yorkers.
The lawsuit filed towards HPD, as a way to halt the demolition of this roughly 20,000 sq. foot inexperienced house in Decrease Manhattan, was formally dropped in August after Mayor Mamdani formally backed off the promise to evict the backyard and construct new housing if elected. The authorized motion was introduced by Elizabeth Avenue Backyard recordsdata, a non-profit that was fashioned in 2017 to handle and keep the backyard.
As beforehand lined by AN, Councilmember Christopher Marte, Decrease Manhattan’s consultant, agreed to help the 100 Gold Avenue mission in change for the backyard’s preservation, in keeping with a letter he despatched to Metropolis Corridor final yr.
