Financial District

Rendering of 100 Gold Street. Credit: FXCollaborative.

Developer Selected For 3,700-Unit Mixed-Income Development at 100 Gold Street in Financial District, Manhattan

By Max Gillespie

GFP Real Estate has been selected to redevelop the city-owned site at 100 Gold Street into a large-scale mixed-income residential development in Manhattan’s Financial District. The new property will contain approximately 3,700 housing units, with at least 25 percent planned to be permanently affordable. The project is part of Mayor Eric Adams’ “Manhattan Plan,” which aims to create 100,000 new homes in the borough over the next decade. The property is located at the corner of Gold and Frankfort Streets.

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2 World Trade Center Remains On Hold in Financial District, Manhattan

By Michael Young and Matt Pruznick

Next on our Turkey Week rundown of stalled New York projects is 2 World Trade Center, a 1,230-foot commercial supertall skyscraper that remains on hold in Manhattan’s Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 62-story structure is the final component of the 16-acre World Trade Center complex and is slated to yield 2.2 million square feet of office space. The full-block property is bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.

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Seaport Residences at 161 Maiden Lane. Designed by Hill West Architects.

Seaport Residences Remains Unfinished and Leaning at 161 Maiden Lane in Financial District, Manhattan

By Michael Young and Matt Pruznick

Kicking off our annual Turkey Week rundown of infamous stalled projects in New York is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane in Lower Manhattan’s Financial District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower was planned to span 200,000 square feet and yield 80 condominium units. The property, originally dubbed One Seaport, occupies a narrow rectangular lot bounded by South Street and Maiden Lane, directly across from FDR Drive and the East River.

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59 Maiden Lane. Rendering courtesy of MdeAS Architects.

Renovations Underway on Home Insurance Plaza at 59 Maiden Lane in Financial District, Manhattan

By Michael Young and Matt Pruznick

Exterior renovation work is underway on Home Insurance Plaza, a 44-story office skyscraper at 59 Maiden Lane in Manhattan’s Financial District. Designed by MdeAS Architects and developed by AmTrust Realty Corp, the project involves a full window replacement and installation of new metal and porcelain cladding over the 630-foot-tall tower’s existing brick veneer. Additional work will include brick repointing, masonry crack repair, and upgrades to the plaza at its base. The property is located at the corner of Maiden Lane and William Street.

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Photograph of Brookfield Place, via Brookfield Properties.

Brookfield Place Lease Extended Through 2119 in Financial District, Manhattan

By Max Gillespie

Governor Kathy Hochul, Mayor Eric Adams, and New York City Comptroller Brad Lander have announced a new agreement between the Battery Park City Authority (BPCA) and Brookfield Properties to modify and extend the ground lease for Brookfield Place, a 9.4 million-square-foot office and retail complex located at 300 Vesey Street in Manhattan’s Financial District. The revised lease, now extended from 2069 to 2119, will secure higher ground rent payments and is projected to generate $1.5 billion in value for New York City and the Joint Purpose Fund, which supports affordable housing development.

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