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New York & Tri-State  + Uptown/Bronx  + Senior Housing  |  July 21, 2023
Paul Bubny
By: Paul Bubny

Fairstead Celebrates Opening of Upper West Side Senior Housing

Fairstead, Project FIND and the NYC Department of Housing Preservation & Development recently celebrated the opening of Park 79, a 100% affordable senior housing development on Manhattan’s Upper West Side. In addition to serving as property owner and property manager, Fairstead also acted as general contractor in executing the hotel-to-housing conversion on what was previously an illegal single-room occupancy (SRO) hotel.

Today, Park 79 offers 77 units of housing for New Yorkers who might otherwise be priced out of the city. Through HPD’s Senior Affordable Rental Apartments (SARA) program, Park 79 provides housing for seniors earning at or below 50% area median income, including homes for formerly homeless individuals. 

“Park 79 will not only change the lives of our residents, but also demonstrates how to bring thoughtful and intentional conversions to life,” said Jeffrey Goldberg, CEO of Fairstead.

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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).
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