[iheartphilly]

Originally Posted by josef

New Philly High-Rise Links Past and Future of Chinese Immigration
BY ALEXIS STEPHENS | NEXT CITY | NOVEMBER 4, 2014



Last week, the Philadelphia Chinatown Development Corporation (PCDC) announced plans for the city’s first EB-5 project. One of PCDC’s most ambitious mixed-use development projects so far, the Eastern Tower is set for completion in 2015. The 23-story tower will include apartments, ground-floor retail, a green roof community space, bilingual social and health services, and youth and senior recreation facilities. The federal EB-5 Immigrant Investment Program helps foreign nationals secure a green card if they invest at least $500,000 in an American business that creates at least 10 jobs. (Here’s a good Next City overview of the foreign investment that’s occurred in cities through the EB-5 program.)


Full article at http://nextcity.org/daily/entry/phil...se-eb5-funding

Completion date of 2015 can't be right.