New York City Mayor Eric Adams and NYC Economic Development Corporation (NYCEDC) President Andrew Kimball have announced the next steps in the transformation of Gansevoort Square, a project aimed at expanding affordable housing, creating retail space, and strengthening the Meatpacking District as a global destination.
The city has released a Request for Proposals (RFP) for the development of up to 600 mixed-income residential units, with a goal of making 50% permanently affordable, alongside ground-floor retail space. The project is part of Mayor Adams’ “Manhattan Plan,” which aims to add 100,000 new homes in the borough over the next decade.
The redevelopment will repurpose approximately 66,000 square feet of space, incorporating new public open areas and potential expansions for the Whitney Museum of American Art and the High Line. The initiative is expected to generate 2,600 construction jobs, over 160 permanent positions, and an estimated $940 million in economic impact.
Proposals must outline plans to maximize affordability, support vibrant street life, and incorporate sustainable and energy-efficient designs. The city will select a developer by the end of 2025, with project completion anticipated by 2027.
This initiative aligns with Mayor Adams’ broader commitment to addressing New York City’s housing crisis, which includes a record $26 billion investment in affordable housing projects and new policy tools to accelerate development.
