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The city has *big* plans for 100 Gold
Just catching up to the mayor’s announcement in the January State of the City address that he plans to sell 100 Gold in order to build 2000 units of housing at the site, a nine-story city-owned building just at the Manhattan footing of the Brooklyn Bridge. It’s a big deal and an even bigger building. Assuming an average apartment is 900 square feet, he’s talking about 1.8 million square feet just for the housing part, not to mention the other uses that would have to be in there.
The rendering above from the city’s Economic Development Corporation is just an illustration, but it is designed to show what *could* be on the site. For a little local perspective, 200 Chambers and 56 Leonard have around 500,000 square feet. One World Trade is 3.1 square feet.
There’s a meeting on Zoom to review the plans to date on Wednesday, Feb. 26, at 6p. Register here.
Currently 100 Gold houses 500,000 square feet of city agency offices: Housing Preservation & Development, the Mayor’s Office, the Department of Education, the Department of Citywide Administrative Services, the Parks Department, the Office of Collective Bargaining, as well as GrowNYC and the Hamilton Madison House Older Adult Center.
The city recently estimated repairs on the building at the tune of $230 million, and thought instead to sell the site and require the developer to pay for the relocation of the agencies into more modern offices in other buildings.
The building will have market and affordable units.
If everything goes to plan, the public review period will end this month, and the request for proposals will be released in March. A developer will be selected by end of year 2025; environmental review will take place in 2026; the city would find new spaces for the existing tenants in 2028 and have them moved by 2030, when construction would commence on the site.
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a perfect example of red tape in the city… of how complicated it is to do anything in this city… 5 years to start construction…. what a mess …
Yes there is a need for housing.
But a few reminders:
Because of the new normal of massive instant gratification ecommerce, Gold Street is often full of delivery trucks – because there is no place else to go. This impacts on hospital-related traffic including ambulances.
Overall, the high-rise overdevelopment in the area, the surrounding blocks has generated lots of trucks and Ubers.
At the same time, the hospital, medical offices, Social Security (William Street) mean vehicles. And buses transporting children at some of the special ed schools.
And the Fulton Street 2/3 subway platform is so narrow and dangerous – and an accident waiting to happen. Cannot imagine any more people on that platform.
I couldn’t agree more.
Office vacancy in lower Manhattan is running close to 25%. You can relocate all of the existing tenants by the end of the summer.
A year for an environmental study is absurd. Here’s your study:
You’re replacing large building with a larger building in a neighborhood of even larger buildings. Start digging.
This is why we have a housing shortage in New York. It’s too expensive, risky and time consuming just to get the chance to put the first shovel in the ground. (That excludes the universal challenges of constructing on time and on budget and selling/renting the units far in the future at an adequate price.)
I’d also point out that this is the process with the city owning the site and presumably motivated to make things EASIER. Imagine how much harder it is for the private sector.
They need affordable housing for seniors, it be nice to see 55 senior living apartments, affordable coops, a new school or small high school.
Wow, 2,000 units! Maybe we’ll finally get a supermarket?
George Bacon:
There is a big Key Food on Fulton just a few blocks from 100 Gold.
And they sell bacon :)
And recently I discovered that Key Food sells Carvel cakes!
About time the city redeveloped 100 Gold Street; it’s a total dump truck of a building. And speaking of dumping, adding 2,000 housing units is exactly how you move the needle on the housing crisis.
But, of course, in classic NYC fashion, we’ll spend five years in community review and another five in construction. By then, they’ll need to redesign it for drone deliveries.
Still – big, bold, and unapologetic is exactly what the city needs to do to make an actual difference, and I’m certain the city will fumble this every step of the process.