Huge Residential Tower Complex Announced for City's Gold Street Site

Rendering of the three-tower apartment complex at 100 Gold Street, center, as envisioned for the city by FXCollaborative. The 870-feet-high 8 Spruce Street is at right.

A towering residential complex of more than 2,000 apartments will be built at 100 Gold Street, the site of what now is a 9-story city-owned office building, Mayor Eric Adams announced Jan. 9 in his State of the City speech.

The project would be located on a full block along Frankfort and Gold streets, opposite the Brooklyn Bridge, and rise high above the 27-story Southbridge Towers complex, which borders the site on two sides. A rendering shows two roughly 90-story skyscrapers and another tower of about 40 stories; those heights include what appears to be about an 8-story podium.

The project grows out of the mayor’s initiative [1] to identify city-owned sites where housing can be built, including 100,000 units in Manhattan alone over the next 10 years. It’s among the first of five potential properties to be named, though few details about what Adams termed as “mixed income homes” have been released.  

Officials from the city’s Economic Development Corp. are expected to provide more information about the project at Community Board 1’s Executive Committee meeting on Jan. 23. 

CB1 Chair Tammy Meltzer said she sees the huge development as a major opportunity for the community. Because the building requires the disposition of city land, the public will weigh in on what it wants to see as part of the project. The community board will play a major role in the process and Meltzer said that area of Downtown has many needs.

“I could think of like 12 things off the top of my head immediately that could be done,” she said at the board’s Land Use and Planning Committee meeting on Monday. 

“If they’re going to redevelop it,” she added, “we have so many chances to make something really amazing in Lower Manhattan.”