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Chinatown Eastern Tower to break ground by end of year with $1.3M state grant

It’s expected to be complete by 2017

Construction on the long-awaited Chinatown Eastern Tower Community Center is expected to begin by the end of the year, after the state awarded the project a $1.3 million grant yesterday.

Governor Thomas Wolfe was in town yesterday for the announcement. The $1.3 million Redevelopment Assistance Capital Program (RACP) funds will go toward construction of the community center portion of the $76 million project.

Like many other Philly-based development projects, Philadelphia Chinatown Development Corporation’s groundbreaking for the 23-story mixed-use tower had been pushed back month after month as they waited for state funding tied up in last year’s budget impasse.

Last time we checked, the tower was supposed to break ground in June. Plans were announced back in 2008.

The tower will be located at 10th and Vine streets and will feature 21,000 square feet of office space, 8,700 square feet of retail space, 17,000 square feet of recreation and event space, and 150 high-rise residential units.

According to the announcement, construction should take about one year after breaking ground, finishing up in fall 2017.