Chinatown started small. Le Fong founded the first business, a laundry in 1871. It was located at 913 Race Street. Until the middle 60’s, it only contained a limited number of shops and restaurants centered around Race Street. The Vine Street Expressway and the Pennsylvania Convention Center cut into the real estate boundaries of Chinatown. The Philadelphia Chinatown Development Corporation was formed in 1968 in part to prevent further encroachment of this sort. It gave members of the community more say over local development. They were instrumental in stopping a ballpark for the Philadelphia Phillies from being built in a portion of Chinatown.
Chinatown may not have many luxury homes, but the real estate here is hard to beat for charm and location.
Boundaries: North/South: Vine Steet/Arch Street
East/West: 8th Street/12th Street
School information: Residents of Chinatown are zoned to the General George A. McCall
School for grades K-8 and are zoned to either Horace Furness High School or Benjamin Franklin High School.
Percentage change from latest quarter vs same time period previous year
Data compiled using 2nd quarter 2018 data vs. same period from 2017
Chinatown in Philadelphia is a district in the Center City that provides a rich blend of culture along with much opportunity in the real estate market. The zone is predominantly Asian in population, but there is a diverse blend of inhabitants attracted by the area’s convenient location and host of amenities.
This neighborhood dates back to the middle of the last century. An influx of immigrants from China came into the region at that time, and they established a number of small shops and businesses that were centered around the wharves in the port area.
The area has continued to thrive, and it still attracts recent Chinese immigrants along with other Asian groups as well as a mix of people looking to take advantage of its choice locale so close to downtown and the waterfront.
While luxury homes can be found in the Chinatown district, they are not the predominant form of real estate. The norm here tends more towards townhomes and condos. Many of these are of recent construction and offer a quality of construction and attention to detail that is a hallmark of luxury homes.
Chinatown is renowned for its ethnic cuisine. It has a number of Asian restaurants, cafes, bakeries and markets. Small specialty shops feature a variety of imported goods that are not usually found outside the area. Whether looking for an Oriental delicacy or a fine piece of silk, this is the place to come looking for it.