Groundbreaking Ceremony for Park Square Yonkers Residential Project Set for July 21
Real Estate In-Depth • July 16, 2026
The groundbreaking ceremony for Park Square Yonkers will take place on Tuesday, July 21, at 1 Loehr Place in Yonkers.
The event will include Mitchell Del Gais, Senior Executive of Titan Real Estate Development LLC, Yonkers Mayor Mike Spano, and City, County and State officials.
Park Square Yonkers is a $185 million, 500,000-square-foot mixed-use development that will include 340 residential units, with 10% designated as affordable housing, as well as 20,000 square feet of prime street-level retail space.
Announced by Mayor Mike Spano, the initiative provides assistance of up to 19% of the purchase price for qualifying single-family homes, condominiums and cooperative apartments...
The outreach effort comes ahead of Veterans Day and the winter heating season, when household energy expenses can become an increased financial burden.
The three-year initiative will provide $7 million annually to help local governments address rising operational costs while investing in community improvements.
The funding is aimed at improving drinking water quality, modernizing aging infrastructure and supporting economic development.
The proposed redevelopment would transform an approximately 80,000-square-foot building into educational space designed to address growing demand for classroom facilities ...
Priority will be given to projects that address health and safety concerns, improve energy efficiency and extend the useful life of existing affordable housing.
