Construction has begun on a $50 million retail and residential project in Chester, Pennsylvania. The project is based on a revitalization plan TRF created for Widener University and Crozer Chester Health Center designed to stimulate creative and sustainable redevelopment in their surrounding neighborhood. TRF helped Crozer-Widener identify a suitable developer and provided financing for the project. Partnering with Sovereign Bank, TRF provided over $19 million in financing through TRF’s New Markets Tax Credit program towards the first of a two-phase project. The project will include a restaurant, a bank, a coffeehouse and convenience store, a Chester police substation, 60 apartment units and a 48-room hotel.



