Developers of Park Square are in “serious discussions” with a tea and coffehouse, as well as an optometrist for half the commercial space, according to Eric Harvitt of Landmark Companies.

The first major residential redevelopment project to break ground downtown, Park Square is expected be ready for occupancy by August. It is comprised of 159 luxury rental one- and two-bedroom apartments and 7,000 square feet of ground-floor retail space along Irving Street between Elm and Elizabeth avenues. Since the retail space can be subdivided, the number of tenants will depend on their size.

Construction has begun on the Main Street side of the project, which will mirror the Irving Street side. Formerly home to Cliff Hardware and other properties, including a boarding house on Elm, Park Square broke ground in October 2006.