DOBBS FERRY, NY—The developer of the $130-million mixed-use Rivertowns Square project off the Saw Mill River Parkway here has secured $42 million in construction financing from M&T Bank.

In conjunction with the financing deal, developer Saber Dobbs Ferry reports that it will stage an official groundbreaking ceremony for the mixed-use project on Oct. 6. Saber Dobbs Ferry is a partnership between Saber D.F., an affiliate of Saber Real Estate Advisors and Dobbs Ferry Capital Partners, an affiliate of Chauncey Station Partners.

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