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NYC Issues RFP to Convert City Offices into Mixed-Income Housing

The New York City Economic Development Corporation issued a Request for Proposals (RFP) Thursday to redevelop a city-owned site into a significant mixed-income residential building, expected to provide more than 1,000 mixed-income units with a minimum of 25% required to be affordable. The current building, located at 100 Gold St. in Lower Manhattan, houses several city agencies.

Proceeds from the sale of the property will be used to relocate the building’s existing older adult center, which was built in the 1960s, into a new, updated facility for residents. Finally, city agencies currently in the building will be relocated to new office space.

After the sale, the city will require the developer to provide a temporary leaseback period, during which the city will complete a full relocation of agency operations. Proposals are due by 11:59 pm Eastern Time on June 5th, and a virtual information session is scheduled for March 19th.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't