Yaletown Park was designed as an urban gathering space built atop public underground parking. The 0.4 acres of public space is paved with granite blocks studded with curving pieces of old granite curbs for informal seating under a canopy of ornamental flowering trees. Screens overgrowing with vines line the border with Nelson Street.

The park was created in partnership between the City of Vancouver and developer Bruno Wall (Yaletown Park Condominiums Properties). Wall contributed the property and paid $0.5 million which represents half the park construction cost, with the City paying the balance out of Downtown South development cost levies.

Park design was by landscape architects Durante and Kreuk Ltd. T. Moscone & Bros. Landscaping Ltd. was the general contractor.