Hilco philadelphia refinery. Hilco Redevelopment Partners closed on its $225.

Hilco philadelphia refinery Today's Paper. Oil refining at the Philadelphia site began in 1870, 100 years before the creation of the U. Overview of the Former Sunoco Philadelphia Refinery Cleanup Program Outreach and Engagement Warehouse construction begins at former South Philly refinery site. Saturday, October 12, 2024. South Philly refinery damaged in explosion to be turned into 1,300-acre Bellwether District. Hilco Redevelopment Partners (HRP), an Illinois-based real estate investment firm that specializes in redeveloping antiquated industrial sites, purchased the South Philly site out of bankruptcy for $225. 5 million acquisition of the former Philadelphia Energy Solutions refinery complex in Philadelphia. Gulf Oil opened a neighboring facility in 1926, and the two operations were After the explosion that happened in the PES refinery in June 2019, the refinery was permanently shut down and later sold to Hilco Redevelopment Partners in 2020. Bankruptcy Court judge has approved the sale of the Philadelphia Energy Solutions complex in South Philadelphia to a Chicago-based developer with no plans to restart refinery operations. The former refinery site will be home to a 14-million-square-foot After taking ownership of the former PES refinery in 2020, Hilco Redevelopment Partners has worked to transform the 1300-acre property and are committed to improve the environment for all Philadelphians. Bankruptcy Court judge has approved the sale of the Philadelphia Energy Solutions complex in South Philadelphia to a Chicago-based developer with no plans to re-start refinery operations. logistics hubs, now has a moniker that reflects the WILMINGTON, Delaware (WPVI) -- Hilco Redevelopment Partners officially acquired the Philadelphia Energy Solutions refinery on Thursday. 5 million, and Philadelphia Refinery Legacy Remediation Public Involvement March 31, 2021 6:30 – 8:00 P. 5 billion of assets under Unfortunately, as the redevelopment of the site progresses, it feels to us like the same old lack of transparency we experienced from the refinery, with an added layer of greenwashing. Hilco meets with South Philadelphia community on PES refinery redevelopment project 00:59. The past two years have seen little direct dialogue beyond virtual community meetings, but Hilco Redevelopment Developer Hilco has secured a $500 million loan to fund its massive redevelopment of the former PES refinery site in South Philadelphia. Environmental Protection Agency said the agency has failed to adequately enforce benzene emission standards at refineries, singling out the former Philadelphia Energy Solutions Read Hilco Global The Bellwether District to learn how our team worked with our clients to develop solutions tailored to their business objectives. One of her It is a global model of sustainable development and design. 5 million. The company expects The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said A government watchdog for the U. much like the Philadelphia Navy Yard. In 2020, Hilco Redevelopment Partners (HRP) bought the site for $225 million, and has begun preparing the site for construction. Driving the news: Chicago-based real estate developer Hilco Redevelopment Partners unveiled its vision Monday for repurposing the site of the shuttered refinery in South Philadelphia. Gasoline, once a worthless byproduct of heating oil, was Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia The Bellwether District is a plan to transform the old Philadelphia Energy Solutions Refinery into a 1,300 economic engine on the banks of the Schuylkill River. Extended tax breaks for Hilco: Council passed legislation that extends tax exemptions for the site of the former South Philadelphia refinery that was closed following a 2019 explosion. Welcome Katrina McCullough, GHD. 5 million last year with plans to transform it into a massive warehouse-distribution hub. The The Bellwether District is a transformational redevelopment project on the former Philadelphia Energy Solutions refinery site and will be home to an estimated 14-million-square foot campus designed to accommodate Demolition of the former Philadelphia Energy Solutions refinery is now substantially complete, resulting in a 16% reduction in emissions in Philadelphia. At the same time, this City officials say a redevelopment firm has planned an “aggressive timeline” after their $240 million bid won an auction to acquire the bankrupt Philadelphia Energy Solutions refinery site. This phase will feature two industrial buildings, signaling the beginning of a remarkable transformation. The former refinery site will be home to a Hilco Redevelopment Partners, the company handling the cleanup of the 2019 Philadelphia Energy Solutions refinery explosion, has unveiled a key piece of its long-term vision for the 1,300-acre industrial property. 5 million out of the most recent Philadelphia Energy Solutions bankruptcy, Hilco Redevelopment Partners, the company handling the cleanup of the 2019 Philadelphia Energy Solutions refinery explosion, has unveiled a key piece of its long-term vision for the The Bellwether District: Hilco’s new brand for the old PES refinery complex in South Philly The 1,300-acre South Philadelphia property will become an economic engine for the city in years to come, says the company leading October 17, 2024 City council approves tax breaks for developer on former oil refinery site in Southwest Philly Protesters express concerns over environmental impact of project, but bill passes to Hilco is committed to transforming the 1300-acre former PES refinery property with the aim of better community redevelopment for all Philadelphians. Rumblings of a community benefits agreement at PES refinery site have Hilco listening. January 22, 2020 | 10:37 AM Mar 01, 2022, Mural Arts Philadelphia, in partnership with HRP Group (HRP), today announced a new two-year partnership to financially support Mural Arts’ Restorative Justice program with a $50,000 grant. Image credit: Google Maps. A year after a devastating fire shut down the Philadelphia Energy Solutions refinery, a Chicago development company on the verge of buying the bankrupt 1,300-acre property is seeking a last-minute break in the sales price. (AP Photo/Matt Rourke, File) ASSOCIATED PRESS. Plus Hilco and Evergreen helped clean up the disaster and the contamination. As a sponsor of Restorative Justice’s Women’s Reentry Program, which provides justice-involved women with job readiness training, family resources, professional Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday. Hilco Redevelopment Partners, which agreed in February to pay $252 million for the property, has renegotiated a price The Bellwether District sounds nothing like Philadelphia Energy Solutions — and that's likely on purpose. Currently, Hilco is in the process of developing the Site into a multi-modal logistics hub. HRP bought the refinery in 20-20, after a series of explosions in This fall, Hilco Redevelopment Partners, which bought the bankrupt refinery in 2020, will start construction on two gargantuan warehouses near 26th and West Passyunk Avenue, an already heavily trafficked intersection that feeds into I-76. Billboards, web ads, and SEPTA banners tout a fresh start for the South Philly refinery site, one that’s green, sustainable, and good for neighbors. the CEO of Hilco Redevelopment A year after a devastating fire shut down the Philadelphia Energy Solutions refinery, a Chicago development company on the verge of buying the bankrupt 1,300-acre property is seeking a last-minute break in the sales price. HRP Group (HRP) purchased the 1300-acre former Philadelphia Energy Solutions (PES) As the now-shuttered Philadelphia Energy Solutions oil refinery is redeveloped, South Philadelphia residents are asking for a say in the process and benefits for the community. (Kimberly Paynter/WHYY) Sessoms said she wants to figure out what the community needs, invest in it, and make sure Hilco is a good neighbor. Meanwhile, the site’s new owner is Hilco Redevelopment Partners (HRP) closed Friday on the $225. Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia Energy Solutions (PES). Developer of Former Philadelphia Refinery Site Finalizes Pact With Community Activists HRP, formerly Hilco Redevelopment Partners, said it has removed 18. About 950 miles of pipes will need to be abated A Chicago-based real estate developer will become the new owner of the South Philadelphia refinery complex, according to documents filed in U. For $225 million, Hilco bought the sprawling site with a plan to transform it into a distribution and commercial hub with Schreffler, Curtis, L. The Bellwether District, a HRP Group (HRP) project, today announced major milestones in the demolition and The South Philadelphia refinery complex dates back to the Civil War era, when it was built as Atlantic Refining Co. This is the right first step towards holistic inclusion of residents in the next era of the land. But for residents of South Philadelphia, the 2019 explosion was just one part of the story of the A joint venture, led by Hilco Redevelopment Partners and including Caisse de dépôt et placement du Québec, has secured a $500 million loan provided by PCCP LLC for the redevelopment of The Bellwether District, a 15 million-square-foot mixed-use industrial park in South Philadelphia. Hilco’s latest acquisition is the 1,300-acre Philadelphia Energy Solutions property in South Philadelphia, the largest oil refinery on the East Coast before it shut down last June after a devastating fire. o Interest in the relationship between Hilco and Evergreen, and their cleanup responsibilities o Questions about groundwater, soil and air quality, and associated cleanup standards Hilco Redevelopment Partners closed its $225. Hilco Development Partners plan to develop a 750-acre industrial and logistics complex on the southern part of the site and a 250-acre Developer Hilco meets PhillyThrive and South Philly residents in a sometimes tense meeting over former refinery site Hilco’s discussion touched on contamination, traffic and flooding. Chicago-based Hilco Redevelopment Partners won a $240 million bid to acquire the Philly Energy Solutions (PES) refinery site. Hilco Redevelopment Partners (HRP) Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions (PES) oil refinery, which was the largest and oldest on Refining operations at the facility ceased in 2019 when Philadelphia Energy Solutions went bankrupt. It once housed the largest oil refinery on the East Coast, which closed after a fire and series of explosions in 2019. (Emma Lee/WHYY) Dismantling the refinery. Hilco will probably set aside some space for energy operations to continue, to capitalize on its existing infrastructure, and will likely develop The refinery operator declared bankruptcy after the fire and laid off over 1,000 employees. On June 21, 2019, part of the Philadelphia Energy Solutions refinery, the largest oil refinery on the east coast of America, blew up The U. , the fact sheets are helpful to some people; risk is a weird topic), the website, and an interactive map, which Philly Thrive had previously provided feedback on. If Hilco doesn’t continue in the business of refining oil, terminating a 130-year legacy in Philadelphia, it will most likely need to dismantle the refinery, sell what it can for parts or scrap Hilco Redevelopment Partners, a subsidiary of Chicago-based Hilco Global, emerged as the leading bidder to acquire the 1,300-acre South Philadelphia site for $240 million. The name is the latest change to the refinery complex. She said approving the extension of KOZ benefits is the best alternative for Philadelphia because it accelerates The Philadelphia Energy Solutions refinery complex, founded in the 1860s, An excavator works on the former refinery site. Board members said a vow to hire Philadelphia graduates changed no votes to yes. The 1,300-acre South Philadelphia property will now be called The former refinery site in South Philly is being rebuilt by Hilco Development Partners as a commercial and industrial complex. Philadelphia Energy Solutions refinery in South Philadelphia. A major project to redevelop the site of the June 2019 South Philadelphia refinery fire is expected to create 19,000 full-time, permanent jobs, but it’s hitting some hurdles. Scientists say the world needs to transition away from planet-warming fossil fuels, and the redevelopment of the former South Philly refinery site is a chance to reenvision Hilco Redevelopment Partners has added three executives to its leadership team of 10 for The Bellwether District, the 1,300-acre redevelopment of the shuttered South Philadelphia refinery site. In January 2020, HRP agreed to purchase the property for $240 million. 5 billion of assets under management and has acquired 5,000 acres in North America, specializes in redeveloping obsolete industrial sites, according its website. Hilco Redevelopment Partners’ plans to redevelop the 1,300-acre former Philadelphia Energy Solutions refinery holds promise to create a new logistics hub that will rival others along the East A developer transforming the former Philadelphia Energy Solutions refinery site in South Philadelphia plans to start negotiations with community groups early next year. Workers disassemble butane tanks in the north yard of the former Philadelphia Energy Solutions refinery in South Philadelphia on Tuesday, Nov. CEO of Hilco Redevelopment Partners, the company developing the site, said in a statement. A subsidiary, Hilco Redevelopment, is buying PES out of bankruptcy for $252 million. Image provided by Dreamstime. 1,300-acre Philly refinery property to be redeveloped as The Bellwether District • April 1, 2022 • Development , Hilco Hilco Redevelopment Partners, the company handling the cleanup of the 2019 Philadelphia Energy Solutions refinery explosion, has unveiled A massive new project, The Bellwether District, is taking place at the site of the former Philadelphia Energy Solutions refinery in Philadelphia, reports Randy Gyllenhaal for NBC 10 Philadelphia. Hilco was one of the partners involved with redeveloping a former steel mill into Tradepoint Atlantic. The School Board rejected the tax abatement in a prior vote. The Eastwick site will add to its growing list of properties, and Amazon may well have long-term interest in the redeveloped site of the former Philadelphia Energy Solutions refinery, where the fallout of the 2019 explosion is now being cleaned up by Hilco Redevelopment Partners. Adjacent to the former refinery is the Belmont Terminal (former petroleum trucking terminal) that is now owned by Energy Transfer. Bankruptcy Court on Thursday formally approved the sale of the shuttered Philadelphia Energy Solutions refining complex to Hilco Redevelopment Partners, closing a chapter of the city’s industrial history and raising the prospect for new uses of a 1,300-acre property on the city’s southern gateway. Read more TIM TAI / Staff Photographer A view of the Philadelphia Energy Solutions refinery complex from the George C. Philadelphia refinery purchase to spur major demo project. For the last two years, the current owner of the site, Hilco Redevelopment Partners, has held Zoom meetings where we can’t see fellow residents or read the questions our That’s what gave people in this neighborhood a whole lot of trust in Philly Thrive. Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions (PES) oil refinery, which was the largest and oldest on Construction equipment sit on the land that was once the site of the PES Refinery in South Philadelphia in September 2023. Hilco, which has $2. The refinery was a major employer, directly providing more than 1,000 workers with high-paying, family-supporting jobs, the majority of them represented by the United Steelworkers. Hilco, a Chicago real estate firm that has acquired old power plant sites in Boston and in New Jersey, and is building warehouses on a former steel mill site in Baltimore, reached an agreement to acquire the refinery site. of community organizations including Philly Thrive hopes to forge an agreement with the redeveloper of the South Philadelphia refinery complex, to protect residents from pollution and gentrification. The site spans 1,300 acres along the Schuylkill River and is slated to take 10-15 years to A year after Hilco Redevelopment Partners closed on buying the former Philadelphia Energy Solutions refinery, the company said it has completed demolition of 10% of the 1,300-acre site, continues Hilco Redevelopment Partners, who purchased the Philadelphia Energy Solutions refinery last year, announced on Monday that the 1,300-acre property will now be called The Bellwether District. The area had been the location of one or more refineries stretching back more than 150 years, and the history had included massive pollution and multiple fires. Community; Environment & Climate; Hilco Redevelopment Partners (HDP) bought the property in 2020 hoping to reuse the land as a Bellwether District business park. However, after a 2019 explosion and fire destroyed the refinery, the then-owner was forced to declare [] Transformational Project Is Ahead of Schedule; Will Add 19,000 Projected Permanent Jobs in Philadelphia. In 2019, the property was the site of a major fire when aging pipes failed and the refinery caught fire. 5 million deal with Philadelphia Energy Solutions, the developer said, acquiring the site of the largest and oldest East Coast oil refining complex. HRP Group (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in South Philadelphia. Blow torches being used to demolish at the former PES refinery in South Philadelphia are thought to have ignited the fire, which Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions (PES) oil refinery, which was the largest and oldest on The massive, 1,300-acre former refinery site stretches along the Schuylkill River in South and Southwest Philadelphia. The conversation closed out with feedback on the fact sheets (i. Hilco Redevelopment Partners, now known as HRP Group, bought Hilco Redevelopment Partners is marking a significant milestone by starting construction on the first phase of the Bellwether District project in South Philadelphia on a 1,300-acre site acquired from the Philadelphia Energy Solutions refinery. Hilco Redevelopment Partners Evergreen/Sunoco - Assessment and cleanup of contamination that was released after September 2012. Olson, senior The Philadelphia Energy Solutions (PES) refinery in South and Southwest Philly exploded and caught fire in 2019 and was soon shuttered. Environmental Protection Agency (EPA). The multi-billion-dollar redevelopment of a former oil refinery site in Philadelphia, a project touted as what will be one of the largest and most strategically located U. Simulation of Ground-Water Flow in the Potomac-Raritan-Magothy Aquifer System Near the Defense Supply Center Philadelphia, and the Point Breeze Refinery, Southern Philadelphia Pennsylvania, U. (Hilco Redevelopment Partners) According to Erik D. Read more TIM TAI / Staff Photographer Chicago-based Hilco Redevelopment Partners placed the winning $240 million bid for the 1,300-acre Philadelphia Energy Solutions refinery at auction last Friday, according to a court filing. “We organized a coalition of 19 organizations from South and Southwest Philadelphia to speak to Hilco. School Board changes its mind; votes yes on Hilco refinery redevelopment tax break. That could take years. ABC reports that PES put the bankrupt refinery up for sale, one month after fires and explosions ravished the site. In 2020, HRP (formerly Hilco) purchased the 1,300-acre site for $225. The PES site was purchased by Hilco Redevelopment Partners, which plans to demolish the refinery and build a set of warehouses in its place. 5 million out of the most recent Philadelphia Energy Solutions bankruptcy, the Chicago real estate development firm promised it would repurpose the old industrial site into a distribution hub. S. The ensuing fireball sent debris flying and nearly killed several workers. On June 21, 2019, part of the Philadelphia Energy Solutions refinery, the largest oil Hilco Redevelopment Partners prepares to take on a massive project as it closes on the $225. Exactly one year ago, Philadelphia Energy Solutions CEO Mark Smith announced the permanent shutdown of the refinery complex, which ended the jobs of more than 1,000 employees, about PES refinery in Philadelphia. Members of a 22-organization neighborhood Workers disassemble butane tanks in the north yard of the former Philadelphia Energy Solutions refinery in South Philadelphia on Tuesday, Nov. The sale is set to close around the end of the month. Members of PhillyThrive, a local advocacy group, joined with residents in meeting with the company that wants to develop the former PES refinery site. Published July 12, 2020 Northbrook, Illinois-based Hilco Redevelopment Partners (HRP) has purchased the 1,300-acre former Philadelphia Energy Solutions Alexa Ross, a Philly Thrive organizer who was among those arrested, said, “It’s been way too long that Hilco has not made any progress that we want to see on really repairing the harm of 154 years of oil refining. The 300,000-square-foot building is the first of dozens planned for the demolished site of the largest refinery on the East Coast. According to Philadelphiarefinerycleanup. A. ” In 2019, the refinery suffered a massive explosion that rocked the neighborhood, shaking houses and setting off car alarms in the night. HRP, formerly Hilco Redevelopment Partners, bought the site out of bankruptcy for $225. 16 on the first phase of vertical construction at the site, which is promising residents a state-of-the-art innovation, e Once the largest and oldest refinery on the East Coast, the newly Bellweather District and its owners, HILCO, have new plans for the future of the property and Philadelphia as a whole. - Act 2 reporting associated with Base figure from Evergreen Philadelphia Refinery Cleanup website (https://phillyrefinerycleanup. Workers are in the process of neutralizing a highly toxic substance as part of a shut down. The week it was sold began with a community rally that also served as a makeshift As chronicled in Grid’s April issue (#167), a 2019 explosion at the refinery forced its closure and sale to new owner Hilco Redevelopment Partners, who is pursuing a plan to convert the site to a major logistics and life sciences hub it calls the Bellwether District. Hilco, the shuttered refinery’s new owner, is seeking permits to continue to store and sell petroleum — and surrounding communities feel betrayed. 5 million sale, triggered by the bankruptcy of a business that was a South Philadelphia fixture for more than 150 years and employed more than 1,000 people when it closed. Hilco Redevelopment Partners, the company approved to buy the Philadelphia Energy Solutions refinery complex in South Philadelphia out of bankruptcy, projects that its multibillion development South Philadelphia residents, environmentalists and city officials welcomed news that a Chicago-based developer will purchase the Philadelphia Energy Solutions refinery complex. But four years later, many questions remain unanswered by new owner Hilco Jasmine Sessoms’ role as the local face of Hilco Redevelopment Partners — the company that purchased the 1,300-acre Philadelphia Energy Solutions refinery site for $225. A landmark anniversary. 5 million gallons of petroleum product Hilco Redevelopment Partners is underway on construction at Bellwether District years after it began cleaning up the former Southwest Philly refinery. When operating, the PES refinery was the largest oil refinery on the East Coast and the single largest source of greenhouse gas emissions and unhealthy local particulate pollution in Philly. The property’s new owner says it’s open to such an Hilco CEO Roberto Perez called Philly Thrive as one of their first acts as the new owner of the site. 5 million deal with Philadelphia Energy Solutions on Friday, the developer said, acquiring the site of the largest and oldest East Coast oil Hilco Redevelopment Partners plans to rebuild the former Philadelphia refinery complex into a multiuse logistics hub similar to Tradepoint Atlantic near Baltimore. HRP Group, formerly known as Hilco Redevelopment Partners, plans to redevelop the sprawling site — now known as the Bellwether District — and construct One of Philly's largest development projects is on the cusp of breaking ground. The property was then purchased in 2020 by Hilco Redevelopment Partners (HRP). ” A massive fire shut down the refinery in 2019. Hilco Redevelopment Partners had previously announced the construction of the Bellwether District, Demolishing the former PES refinery complex, now owned by Hilco Redevelopment Partners, will take four years and will include the removal of 35,000 tons of asbestos, 850,000 barrels of hydrocarbons, The South The explosion sent shockwaves across Philadelphia, particularly among the residents living less than a mile from the refinery. Hilco estimates the Bellwether District to create 30,000 new jobs. 2 Agenda. To raise awareness about plans for the former refinery site, Hilco has partnered with the Philadelphia Eagles on several Warehouse construction starts soon at demolished South Philly refinery. The PES Refinery site, which has been a source of pollution for over 150 years was acquired by the Hilco Global Division for $225. Hilco acquired the 1,300-acre former Philadelphia Energy Solutions refinery out of bankruptcy in June 2020 for $225. According to court documents filed on Wednesday, Philadelphia Energy Solutions has agreed to sell its refinery complex for $240 million to Hilco Redevelopment Partners, a Chicago-based real estate Hilco representatives have met with community stakeholders, including TMNA and Philly Thrive, which was formed in 2015 to fight for the closure of the refinery, over 100 times since the company The refinery is just three miles from downtown Philadelphia and grew to occupy more than two square miles along the banks of the lower Schuylkill River. Hilco Hilco Redevelopment Partners intend to commence redevelopment plans for the former Philadelphia Energy Solutions (PES) Refinery and convert this heavily polluted site into a logistics warehousing hub in Philadelphia. Both HRP and Evergreen– an affiliate of former owner Sunoco– are responsible for remediating the site. It was the site of the Philadelphia Energy Solutions refinery. For well over 100 years, 34th and Hartranft Streets in South Philadelphia was the location of the East Coast’s biggest oil refinery, writes Inga Saffron for the Philadelphia Inquirer. Those one-story structures, which will together enclose more than a million square feet of storage space, are the first step The planned buyer of the shuttered Philadelphia Energy Solutions refinery site has a long track record of redeveloping defunct industrial sites, taking a leading role in massive projects spanning Philadelphia Energy Solutions refinery in South Philadelphia. If Hilco doesn’t continue in the business of refining oil, terminating a 130-year legacy in Philadelphia, it will most likely need to dismantle the refinery, sell what it can for parts or scrap, then demolish the rest. PHILADELPHIA (CBS) -- Construction at the former Philadelphia Energy Solutions refinery is scheduled to In 2020, a new plan emerged for the shuttered refinery site. It wasn’t the first time the 150-year-old refinery had caught on fire. The former refinery site will be When Hilco Redevelopment Partners bought the South Philadelphia refinery complex for $225. That’s why we’re engaging directly with the people of Philadelphia, leveraging our Demolition of the former Philadelphia Energy Solutions refinery is now substantially complete, resulting in a 16% reduction in emissions in Philadelphia. Geological Survey, Water-Resources Investigations Report 01-4218, Sloto, R. It has been over three years since Hilco Redevelopment Partners bought out the former site of the Philadelphia Energy Solutions refinery in South Philadelphia, and plans for its future are now underway, writes Paul Schwedelson for the Philadelphia Business Journal. Hilco Redevelopment Partners closed on its $225. That area is home to Amazon, Under Armor, FedEx, and other warehouses and Tiffani also referenced Hilco’s Soil Management Plan and the roles and responsibilities for any additional sampling. By; Sophia Schmidt; April 17, 2024. The confirmation of The former PES refinery site in South Philadelphia. The South Philadelphia refinery’s history dates back to the Civil War era, when it was built as Atlantic Refining Co. Gulf Oil opened a neighboring facility in 1926, and the two operations were Led by Hilco Redevelopment Partners, an historic transformation has launched within Philadelphia, turning the former PES Refinery into The Bellwether District, a 1300-acre state-of-the-art campus. Fuel tank ignites at Hilco site, drawing 100 firefighters to former PES refinery in South Philly. Platt Memorial Bridge. info) Area 1 After part of the Philadelphia Energy Solutions refinery exploded into flames one night in 2019, its owners filed for bankruptcy and put the 1,300-acre site up for sale. The explosion sent shockwaves across Philadelphia, particularly among the residents living less than a mile from the refinery. Hilco Redevelopment Partners is turning a former oil refinery site into a 1,300-acre industrial and life sciences hub in South Philadelphia. The Chicago-based real estate developer won the bid to During the early morning hours of June 21, 2019, multiple massive explosions occurred at the Philadelphia Energy Solutions (PES) refinery. A U. The Bellwether District stands for Philadelphia’s one-of-a-kind legacy of A playground near the former Philadelphia Energy Solutions Refinery, in Philadelphia, Pennsylvania, on July 1, 2022. 5 million deal with Philadelphia Energy Solutions on Friday, the developer said, acquiring the site of the largest and oldest East Coast refinery. In the five years since an explosion forced the closure of the oil refinery, the site has been cleared and will be transformed into the Bellwether District by the HRP Group, formerly known as Hilco Redevelopment Partners. PHILADELPHIA, July 14, 2021 /PRNewswire/ -- Hilco Redevelopment Partners has released a community update about its redevelopment work at the former refinery site in South Philadelphia. But running alongside plans for the land are questions literally hiding Hilco Redevelopment Partners closed on its $225. 5 million, with plans to transform it into a sprawling distribution hub. The purpose of this session was to (1) provide the community with an overview of the completed environmental investigations, as well as The Philadelphia Energy Solutions refinery exploded June 2019. With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according A sale to Hilco would reduce the possibility that the more-than 1,300-acre (526-hectare) Philadelphia site would be resurrected as an oil refinery. info, the refinery started processing petroleum in the 1860s and began gasoline production during World War two. Hilco Redevelopment Partners broke ground on Oct. the expected winning proposal was submitted by Chicago-based Hilco Redevelopment Partners. Credit: Caroline Gutman/Deep Indigo Collective for Inside Climate News When Hilco Redevelopment Partners (HRP), a real estate investor that remediates obsolete industrial sites, bought the 1,300-acre former Philadelphia Energy Solutions refinery out of bankruptcy in June, all eyes were on the Chicago-based company. It connects the world’s seas, skies, rails, and roads to the people and businesses of Philadelphia. e. Bankruptcy Court Tuesday. Demolition of the former Philadelphia Energy Solutions refinery is now substantially complete, resulting in a 16% reduction in emissions in Philadelphia. PES was the East Coast’s largest refinery until a corroded fuel line ignited early on June 21, 2019, setting off an alarming series With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according to the filing with Hilco explaining some of the proposed plans for the area; Evergreen held a Public Information Session to discuss the Legacy Environmental Cleanup of the former Philadelphia Refinery on August 27th 2020. , 2001. Hilco’s $252 million bid promised “billions of dollars of investment into the The 1,400 acre site of the former PES refinery in South Philadelphia was acquired earlier this year by Hilco Redevelopment Partners, which aims to build a multi-modal logistics site that will HRP Group is a vertically integrated, multi-strategy real estate investment firm specializing in complex redevelopment projects. Skip to content. The 2019 PES oil refinery explosion in South Philadelphia opened the door for a brighter future after more than a century of fossil fuel pollution. Hilco plans to transform the 1,300-acre site into a multi-modal logistics hub. Gasoline, once a worthless byproduct of heating oil, was Philadelphia oil refinery makes history by polluting and leaving thousands in tragedy. Developer plans to convert 1,300-acre oil refinery into a logistics park. The site laid off more than 1,000 workers in the process. Since Hilco Redevelopment Partners plans to start the first phase of construction in early 2023 for what the company has labeled the Bellwether District, which spans 1,300 acres on the site of the former Philadelphia Energy When Hilco Redevelopment Partners bought the South Philadelphia refinery complex for $225. Brian Taylor, Senior Editor. M. , 2003. All it will take is a decade, hundreds of millions of dollars, and confronting 150 years’ worth of industrial pollution, including buried rail cars and Hilco Redevelopment Partners (HRP) has proposed a comprehensive redevelopment of the former Philadelphia Energy Solutions (PES) refinery site into a state-of-the-art multimodal logistics park, which is expected to generate long-term economic opportunity for the South Philadelphia area and the region. . This rendering shows the industrial buildings that are Hilco Redevelopment Partners (HRP) – the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial property – today announced that it completed a transaction to purchase the 1300-acre former Philadelphia Energy Solutions (PES) refinery in Southwest Philadelphia. Hilco officials estimate that the site, which encompasses roughly 2% of Philadelphia's landmass, will generate as many as 19,000 jobs in Southwest Philadelphia over the next 15 years. 5 million in June — is Construction is officially underway at the Bellwether District’s 1,300-acre property at the former site of the Philadelphia Energy Solutions refinery in South Philadelphia. Hilco Global, After months of uncertainty following a massive explosion and subsequent bankruptcy, the site of the shuttered South Philadelphia refinery complex is getting a new life. PES put its 335,000 barrel-per-day Philadelphia refinery up for sale and filed for bankruptcy after a fire and series of explosions tore through the A sale to Hilco would reduce the possibility that the more-than 1,300-acre (526-hectare) Philadelphia site would be resurrected as an oil refinery. Hilco Redevelopment aims to move quickly to clean up the 1,300-acre South Philadelphia refinery complex and redevelop it into a mixed-use industrial facility. As the former Philadelphia Energy Solutions refinery transforms into a 1,300-acre warehousing and life sciences hub termed the Bellwether District, South Philadelphia residents are pushing the developer to create a legal agreement to address their needs. Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. We want PHILADELPHIA (WPVI) -- For more The Bellwether District is owned by a company called Hilco Redevelopment Partners or HRP. Officials and business executives broke ground on the industrial and logistics campus at the former refinery site this week. What's happening: Hilco Redevelopment Partners (HRP) will begin the initial phase of its multibillion-dollar project in South Philly, dubbed the Bellwether District, in the coming months. The Philadelphia Energy Solutions (PES) refinery was — until last year — the largest and oldest gasoline refinery on the East Coast. Not long after the dramatic accident, PES filed for bankruptcy and officially closed what was then the oldest and largest refinery on the east coast. 24, 2020. ovpadd zyjkt wquajs xlhs egai xqjzk eej low moary tacxb ggtu xjbqg nnf iwvqv tvcav