$185 Million Mixed-Use Residential Project Breaks Ground in Yonkers

In an important milestone in the economic renaissance of Yonkers, Senior Executive Mitchell Del Gais of Titan Real Estate Development LLC joined with Mayor Mike Spano and elected officials from the City of Yonkers, Westchester County and New York State on Tuesday to celebrate the groundbreaking for Park Square Yonkers, a new transformative mixed-use residential development.

The $185 million project will be 500,000 square feet, comprised of 340 residential units and approximately 20,000 square feet of prime street-level retail space, including 420 covered on-site parking spaces, integrated within the building’s envelope. Ten percent of the residential units will be designated as affordable. Among the many VIPs attending the event was BCW Executive Vice President of Government Affairs and Economic Development Noam Bramson.

Located at 1 Loehr Place, the seven-story project, developed by Mitchell Del Gais and Doron Pergament of Titan Real Estate Development LLC, will have a unit mix of 192 studio apartments and 148 one-bedroom apartments. Residents will have access to a comprehensive suite of modern amenities, including a 15,000-square-foot elevated private outdoor courtyard, a double-height fitness center, a state-of-the-art business center with working stations exclusive to residents, a luxury resident lounge, a boutique-style pet spa, and several thousand square feet of dedicated resident storage located within the building. Construction is expected to take approximately 24 months. The project architect is Perkins Eastman.

Park Square will also be aligned to a new Yonkers Public School at Grant Park. It will be pre-K to eighth grade and is estimated to serve around 800 students. It will be a state-of-the-art community school, allowing access on nights, weekends and summers for community use, and will have amenities like a gym, library and a pool.

“Park Square is another example of Yonkers’ remarkable transformation and the momentum we’ve built together. This development is about more than new buildings — it’s about creating opportunities for families, expanding access to quality housing, investing in education, and continuing to revitalize our neighborhoods. With a brand-new Yonkers Public School as an anchor here, Park Square represents the kind of smart, thoughtful development that strengthens our community and prepares our city for the future,” said Mayor Spano.