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The American Dream in Chinatown
Posted by Bridget Marquis on September 21, 2009 |
In spite of the especially tough real estate market, this Chinatown condo building in Philadelphia sold out all of its units including ten commercial suites. As the article explains "the target market was primarily first-generation Chinese, many of them business owners who had moved to the suburbs because of the shortage of suitable housing."
Does your city's ethnic neighborhoods have middle to upper income housing options? Are upwardly mobile immigrants eager to pursue the American dream downtown if only the right type of housing was available in their culturally rich neighborhoods? Seems a ripe opportunity for developers and cities.