Market Spotlight | Chinatowns in the U.S.
As a country marked by waves of immigration from citizens around the world, the United States has long been home to enclaves that offer new residents a sense of “home” among those who share in their culture as they transition into American life. Since the establishment of San Francisco’s Chinatown in the mid-1800s, these neighborhoods have become staples for American cities around the country. Visually defined by a fusion of Western architectural styles with traditional Asian elements such as gilded ornaments and tiled-roofs, Chinatowns in the U.S. have emerged as popular neighborhoods where residents and visitors enjoy vibrant cultural offerings in the form of cuisine, art and events.
In 1848, the first Chinatown in the United States was born, and has since grown into a symbol for the city. Representing the largest Chinatown outside of Asia, it is a staple of tourism for the Bay Area. Locals and tourists enjoy visiting Ross Alley, which houses the popular Golden Gate Fortune Cookie Factory and provides a haven for artists as murals throughout the area offer a glimpse into the daily lives of Chinese Americans.
San Francisco, California | $2,500,000 USD | Sotheby’s International Realty – San Francisco Brokerage
Open the door to a true oasis within the coveted Golden Gateway Commons, with vaulted ceilings, hardwood floors and a contemporary aesthetic. Flooded with natural light, there is a seamless flow between indoor and outdoor living. Four south-facing outdoor terraces lend themselves to a Zen consciousness with views capturing the downtown skyline, Coit Tower, the Embarcadero and beyond. A convenient location offers ease of access to the Ferry Building and Financial District, as well as a short five minute drive to Chinatown.
In Seattle, the establishment of Chinatown grew into what is now The International District, a neighborhood that incorporates Chinese, Japanese, Filipino, African American and Vietnamese influences. A popular destination is Kobe Terrace Park, with blossoming Cherry trees by spring that are complemented by a stunning stone lantern sculpture gifted by Kobe, Japan, Seattle’s Japanese sister city. In recent years, The International District has seen large-scale development projects that have drawn more businesses and residents to its bounds.
Seattle, Washington | $610,000 USD | Realogics Sotheby’s International Realty
The Urban Loft is a signature residence nestled in the heart of Seattle’s historic Pioneer Square neighborhood. An open entertainer’s floor plan meets high-end industrial aesthetic, from the 24” old growth beams and 11 foot ceilings down to the concrete countertops and stainless steel appliances. Take in cityscapes from the rooftop deck or indulge in a quick 10 minute walk to all that The International District offers.
Occupying much of Armour Square, Chicago’s Chinatown has traditionally catered more to commercial interest, though recent years have seen more residential projects that have drawn those looking for an urban and culturally rich lifestyle. Attractions include Chinatown Square, a mall with a design inspired by the Chinese Imperial Court complete with statues for each of the 12 Chinese Zodiac symbols. A cornerstone of the community is the Pui Tak Center, which represents the first structure in the neighborhood to be erected in traditional Chinese architectural style.
Chicago, Illinois | $665,000 | Jameson Sotheby’s International Realty
An exquisite condo that exudes sophistication and comfort with a priceless view. High-end upgrades and custom-made features include picture framing walls, hand-painted Scalamandre Wallpaper, French shutters, PARIS ceramics, surround sound, a fireplace, Marble & Wenge hardwood floors, a Carrera Marble island, and much more. Breathtaking vistas of Millennium and Grand Park, Buckingham Fountain, boats on the lake, and the city skyline. A fifteen minute train ride hearkens in the South Loop and all that the cultural center within Chinatown affords.
Second only to Asia, New York City is home to the largest ethnic Chinese population and the state houses at least 12 Chinatowns. The Manhattan Chinatown is known for its open markets, restaurants and night life. It draws residents both for the authentic Chinese culture and the excellent transportation system, with a convergence of subway lines to easily pivot across the city. Among the top destinations is Prosperity Dumpling, a Chinese restaurant offering premier cuisine whether it’s for its namesake dish or a sesame pancake.
Manhattan, New York | $999,888 USD | Sotheby’s International Realty – Downtown Manhattan Brokerage
No detail was spared in the renovation of this bright and open apartment as brand new 5” Butternut wood floors meet thoughtful updates including state-of-the-art kitchen appliances and Carrara Quartz countertops. Skyline views from every room complement sunny southwestern exposure and unobstructed views of Freedom Tower from the living room. An enviable location with the vibrant culture of Chinatown Manhattan at your doorstep.
Inspired by the sense of community and convenience afforded to those who both reside in and visit Chinatown, Realogics Sotheby’s International Realty established the Asia Services Group, a team of independent brokers fluent in foreign languages, customs and the logistics necessary for working with foreign homebuyers.
Since the formation of the Asia Services Group, Realogics Sotheby’s International Realty has further cemented itself as an opinion leader on foreign investment in the Pacific Northwest through unique initiatives that include a feature documentary entitled East Meets West and the all-Mandarin Seattle Luxury Living Magazine, which targets affluent Chinese consumers both within the United States and overseas.