EB-5 Funding for Tower in Philadelphia’s Chinatown

February 27, 2014

Philadelphia – Chinatown’s Eastern tower Community Center may finally be moving forward.

In recent news, the long-planned Eastern Tower community center and apartments in Chinatown may finally move off the drawing board if developers can raise $33 million through an EB-5 program.  The nonprofit Philadelphia Chinatown Development Corp. (PCDC) recently reported that it hoped to generate most of the money from Chinese investors who would invest the required $500,000 each in return for visas for their families.

 

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