PHILADELPHIA-In the next six to nine months, the Philadelphia Chinatown Development Corp. says it will start construction on a 23-story mixed-use project at 10th and Vine streets.
The organization briefed Chinatown residents on its plan on Tuesday evening at the Chinese Christian Church & Center. The project, when completed, will feature 143 apartments units and 10,000 square feet of retail space, plus banquet and recreational space, according to planphilly.com.
The project is estimated to cost $71 million to build. The developers are still attempting to secure financing for the project. Citibank is reportedly committing $42 million in tax credit funding, according Ahsan Nasratullah of JNA Capital, which is working with PCDC on the project. See story at planphilly.com.
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