Titan Real Estate Development LLC, City of Yonkers break ground on new residential development at Loehr Place
Officials with the City of Yonkers and Titan Real Estate Development LLC gathered Tuesday at the future site of Park Square Yonkers.
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Yonkers and Titan Real Estate Development LLC broke ground Tuesday on a new mixed-use residential building coming to the city's southwest section.
The $185 million project named Park Square Yonkers will soon find its new home at 1 Loehr Place.
This will partially replace the empty parcel of land left following the closure of the Mulford Gardens units.
The 7-story building will include 340 units, 10% of which will be dedicated to affordable housing.
"This project is a long time coming, and there are many people from Mulford that still consider this place to be home and would love to have a new home to come back to," said Lakisha Collins-Bellamy, Yonkers City Council president.
The project is estimated to take two years to complete.
For parents, the building will be aligned with a future pre-K-through-8 Yonkers public school, expected to serve around 800 students.
