Developer Riverfront at Royersford has won a $1 million grant from Pennsylvania’s Redevelopment Assistance Capital Program for the proposed mixed-use real estate development project that would bring residences, restaurants, entertainment spots, and much more to the Royersford Borough riverfront, writes Joe Zlomek for The Sanatoga Post.

The money will be used to prepare the property along the Schuylkill River banks for vertical development. This includes the acquisition of land, demolition, site preparation, and landscaping.

The grant will also go toward stormwater management, private water, and sewer infrastructure, electric and site lighting, roadways and site access, and paving.

State Rep. Joe Ciresi, who helped secure the funding, praised the project as one “that will help bring back social life and economic opportunity to this stretch of Schuylkill riverfront.”

Ciresi, who represents District 146, added that the project will transform the former industrial brownfield “into a vital economic, leisure, and residential hub.”

The project will have 188 residential units, entertainment venue space, a restaurant and bar, nearly 30,000 square feet of retail space, and 35,000 square feet of communal space.

Groundbreaking on the project is expected to take place in the summer of next year.

Read more about Riverfront at Royersford in The Sanatoga Post.