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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.
- ◦Development
- ◦Policy/Gov't