New York Construction Report staff writer
The Metropolitan Transportation Authority Board has selected developer Jonathan Rose Companies to transform a parking lot adjacent to the Beacon Metro-North Station into a residential development with 265 units of mixed-income housing.
Made possible through the Redevelopment of Underutilized Sites for Housing (RUSH) program, funding will support a structured parking garage to replace an existing Metro-North commuter parking area with new housing units. The RUSH program to repurpose existing state sites and properties for housing. The initiative builds on the Executive Order 30, which directed state agencies and authorities, including the MTA, to identify sites appropriate for housing development.
“We’re proud to turn MTA assets into exciting, dynamic growth for the entire region, and I’m excited that this project will connect 265 new units of housing with all the great service the MTA has to offer,” said MTA Construction and Development President Jamie Torres-Springer.
The MTA’s Transit-Oriented Development team works closely with the state, municipalities, and the development community to leverage existing assets to generate new housing and increase ridership. This project will create waterfront housing units in a community celebrated for its natural beauty, within walking distance to all the dining, entertainment and amenities that Beacon’s Main Street has to offer.
Currently, more than 300 communities have received Pro-Housing certification, including the City of Beacon. This program also includes a $500 million capital fund to build up to 15,000 new homes on State-owned property, including the Beacon project.
Jonathan Rose Companies is one of the country’s leading owners of green, affordable and mixed-income communities. Founded in 1989 with a mission to create a more environmentally thriving, socially just world through the development, preservation, renovation, and ownership of green, affordable and mixed-income communities, Rose has created projects $4.6 billion of value as of year-end 2024, with a current portfolio of nearly 20,000 apartment homes in 14 states and Washington, D.C.
