Mamdani Wants To Turn Lower Manhattan Government Offices Into Nearly 4,000 Apartments

New York City is moving ahead with a plan to replace an aging government office building in Lower Manhattan with nearly 4,000 apartments—a project that could nearly double the number of permanently affordable homes built in the neighborhood over the past decade.Mayor Zohran Mamdani announced on Sept. 22 that the city had begun public review for the redevelopment of 100 Gold St., a city-owned site that currently houses the Department of Housing Preservation and Development and other municipal agencies.The winning proposal, from GFP Real Estate, would also replace an existing older-adult center, create roughly 40,000 square feet of public-realm improvements, and add a 40,000-square-foot publicly accessible fitness center.“Where better to deliver thousands of new homes than the former site of our City's housing agency?” Leila Bozorg, deputy mayor for housing and planning, said. “The redevelopment of 100 Gold will be a major step forward in creating the housing New Yorkers need—including permanently affordable, rent-stabilized homes—in addition to new community space, with no funding from the City.”That last piece is central to how the project works.Rather than committing city capital ...