Rendering: CetraRuddy Architects

The city is moving forward with a plan first put in motion during the Adams administration to develop 100 Gold, a squat, city-owned building tucked just south of the Brooklyn Bridge, into a skyscraper with 4000 new residential units. The public review process starts today and will include meetings at Community Board 1, which has pushed back against the plan since it was first proposed in February 2025.

The developer is GFP Real Estate, which owns 220 Church (where Frenchette Bakery is; Roger Gural, who founded Arcade Bakery, is a son of Jeffrey Gural, the chairman of GFP), 71 Thomas and the retail at 416 Washington, and is also developing 25 Water — the largest conversion in the country — and several other buildings in the Financial District.

But the new proposal is for a larger building with 300 units and also includes:

• around 1,000 permanently affordable, rent-stabilized homes (25 percent of the total)
• 40,000 square feet of new public open space as well as a new state-of-the-art, publicly-accessible fitness center inside the building
• an upgraded older adult center for the community.

Proceeds from the sale will be partly used to relocate the city agencies currently operating at 100 Gold.

The building is tucked into the northwest corner of the Southbridge Towers site, with Frankfort on the north and a vestigial Spruce Street running around the east and west sides. It was constructed in the 1960s and currently houses 500,000 square feet of city agency offices.

Originally announced in Adams’ 2025 State of the City address, the 100 Gold project will take advantage of “City of Yes for Housing Opportunity” density allowances. The project should certify into the Uniform Land Use Review Procedure (ULURP) in 2027, when more public review sessions through Community Board 1 and the City Council will start.

Photo: NYCEDC