Royersford Developer Wins Grant for Riverfront Project

A satellite photograph of Royersford Borough shows (at top left) the Schuylkill River frontage where the Riverfront at Royersford project would be built

ROYERSFORD PA – A mixed-use real estate development project proposed to bring new residences, restaurants, entertainment spots, retail shops, and shared outdoor spaces to the Royersford Borough riverfront won a $1 million grant Monday from Pennsylvania’s Redevelopment Assistance Capital Program, the state Office of the Budget announced.

Ten other projects in Montgomery County municipalities, as well as seven in Berks County and eight in Chester County also received grants that varied in size from $380,000 to $7.5 million.

Money won by Riverfront at Royersford LLC, responsible for creating the project, generally will be used to prepare “the property for vertical development” along the Schuylkill River banks in the area near the intersection of Railroad Plaza and Main Street.

That work includes land acquisition, demolition, site preparation, landscaping, stormwater management, private water and sewer infrastructure, electric and site lighting, roadways and site access, and paving, the budget office said.

State 146th House District Rep. Joe Ciresi, among those credited with helping to secure the funding, praised the proposal as one “that will help bring back social life and economic opportunity to this stretch of Schuylkill riverfront.” The site is a former industrial brownfield that Ciresi said would be transformed “into a vital economic, leisure and residential hub.”

As currently planned, it is anticipated to provide what’s described as “a dynamic mix of uses:” 188 residential units, 25,000 square feet of entertainment venue space and a restaurant and bar, 29,447 square feet of retail space, and 35,000 square feet of communal space. Groundbreaking is foreseen in Summer 2022.

The grant program is intended for the acquisition and construction of regional economic, cultural, civic, recreational and historical improvement projects. Winners must demonstrate they will have a “regional or multi-jurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenue or other measures of economic activity.”

To that end, Riverfront at Royersford LLC estimated the completed project will create 280 temporary construction jobs, 105 permanent jobs, and recurring state and local tax and fee revenues of more than $770,000 per year.

Ciresi, Gov. Tom Wolf, and borough elected officials and staffers all were credited by Riverfront at Royersford LLC President Richard Lewis “for being excellent public partners in this process,” and thanked them as a team for having “repeatedly proven its commitment to the continued revitalization of Royersford through careful collaboration and action to mitigate barriers to redevelopment.”

He singled out Ciresi for his “his unwavering advocacy” of the project, and Wolf for “for recognizing the value of this investment in Royersford.”

Several other proposals submitted from within The Posts’ coverage area did not win funding. They included

  • $500,000 sought by 205 E. High St. LLC in Pottstown to renovate and return a building to productive use;
  • $507,462 by the Borough of Pottstown to repair a collapsed stormwater arch;
  • $2.5 million by Montgomery County to build a new shelter for the homeless;
  • $6 million by Collegeville Borough and Ursinus College to revitalize the 400 block of East Main Street; and
  • $1.23 million by Amity Township to rebuild portions of Tollgate Road at its intersection with Route 663.

Photo from Google Maps