Beacon Train Lot Flip Sparks Apartment Gold Rush
Project Scope and Vision In what many consider a pivotal moment for transit-oriented development, Beacon Train Lot Flip serves as a transformative endeavor. The focus is on maximizing waterfront accessibility and increasing the housing supply. The project spans approximately 18 acres at the Beacon Metro-North Railroad station. It emphasizes transit benefits to alleviate the region’s burgeoning housing demand. Home inventory decreased by 19% in the year, leading to increased competition and higher prices. By introducing high-density residential apartments, the plan also integrates retail and office spaces. This initiative aims to leverage its strategic position near Beacon’s Main Street and commuter rail. Zoning amendments by the City of Beacon facilitate the ‘as-of-right’ housing units. The project is in compliance with local zoning laws , ensuring a streamlined approval process. These changes efficiently meet regional needs. Crucially, proximity to the train station is expected to en...