100 Gold Street. Photo courtesy of NYCEDC

New York City has chosen a developer to redevelop an outdated Financial District government building into thousands of new apartments. Mayor Eric Adams on Monday announced that GFP Real Estate will redevelop the nine-story 100 Gold Street into a mixed-use development with 3,700 new homes, including 25 percent permanently affordable units, and a new senior center. The total number of housing units at the site increased substantially from the original 1,000+ apartments announced in March .

“100 Gold is exactly the kind of bold step New York needs to meet the moment on housing,” Adolfo Carrión, Jr., deputy mayor for housing, economic development, and workforce, said.

“With GFP Real Estate on board, we are creating thousands of homes, expandin

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