Developer Carlos Herrera, who came the United States from Venezuela as a teen, is under contract to buy the Delaware River pier where a Trump Tower Philadelphia had been planned.
The new, 33,360-square-foot space, surrounding the atrium above the 111 S. Independence Mall East building's ground-floor food hall, is scheduled to open early next year.
The move will allow the insurer to increase employment by 127 over three years, according to a release from Gov. Wolf's office.
The 1200 Intrepid Ave. office building, recognizable by its sloping white facade, opened in mid-2016.
In Philadelphia, $56 million was awarded for 32 projects.
One such Wawa store with gas may be coming to Wayne, and preliminary plans already are receiving pushback. Neighbors say they are concerned about noise, light, traffic congestion, and pedestrian safety.
The move is an early - and possibly the first - case of a company moving its legal home from abroad to the United States as a result of last year's tax cuts.
With the move, Aldi is hoping to sustain a growth spurt by bringing its stripped down inventory of deeply discounted store-brand staples to city dwellers' doorsteps.
"For every story of the cabinetmaker selling his business for condos, there are dozens of folks who are looking to keep their business in Philadelphia."
The property's difficulties began with the announcement that its anchor Walmart was moving to Philadelphia Mills.
The proposal comes about two years after a previous plan for the site was abandoned.
A Philadelphia lawyer filed an application for "extraordinary relief" with the state's high court earlier this month, arguing that if the court doesn't intervene, taxpayers won't know what Amazon is being offered until it's too late.
The buildings add to the firm's rapidly growing portfolio of Philadelphia rental buildings that it began assembling about a year ago.