Franklin & Marshall – College Hill Center
Radnor Property Group was the owner and developer of this urban infill redevelopment project resulting in the conversion of two blighted historic tobacco warehouses into commercial space. This $10 million, two-phased project totals 42,000 square ft. The facility is located in a residential neighborhood adjacent to Franklin & Marshall’s campus.
Partnering with Franklin & Marshall, which retains ownership of the land, Radnor procured $2.8 million in state subsidies and historic tax credits. Phase 1 restored a 34,000 square foot, two-story brick building and is leased on a long-term basis to a community child care center and Albright care services, an adult day care provider. Phase 2 added an 8,000 square foot single-story retail building. Construction began in 2007 and was completed in 2008. This partnership with Franklin & Marshall succeeded a large scale land development project with the university involving the successful procurement of Brownfields grants.