Grace Kelly's childhood home fully restored

The Philadelphia home where Grace Kelly grew up has been restored to its original glory.

Prince Albert II of Monaco arrived by police escort to the newly restored family home of his late mother Princess Grace. After a year and a half long renovation, the prince is in a way returning to his Philadelphia roots.

"I hope she'd be proud and that she'd be happy it stays in the family and that those memories that she had and that she passed on to us that we'll be able to pass on to the next generation as well," he said.

The home--which sits on Henry Avenue in the East Falls section of the city--had fallen into disrepair before Prince Albert bought it back for $750,000 two years ago.

The previous owner allegedly hoarded cats. The restoration was overseen by members of the Kelly family many of whom had spent time here as children.

The historical landmark will now be used for family events and pending zoning approval will house the US arm of Prince Albert's environmental organization as well as host events for the Princess Grace Foundation, which supports emerging talent in the arts.

"It's not just a place for happy family gatherings but will serve that part of her legacy as well," Prince Albert II of Monaco said.

The Kelly family house is not a museum and will not be open to the public.