Trending...
- WebDrafter Welcomes Dreamwork Exteriors as a New Marketing Client
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- Communities In Schools of Eastern Pennsylvania Honors United Way and Local Leaders
PHILADELPHIA, Oct. 21, 2020 /PRNewswire/ -- Hilco Redevelopment Partners (HRP) announced that the company will invest hundreds of millions of dollars to decommission, demolish and remediate the former PES Refinery site, a site that has been a source of pollution for more than 150 years. HRP, the real estate development unit of Hilco Global, remediates and redevelops complex and obsolete industrial properties in cities nationwide.
The significant investment will finance a massive and complex decommissioning, demolition and remediation plan to put the site back into commerce by transforming it into a state-of-the-art logistics hub that will attract dozens of world-class companies, employing thousands of workers onsite when complete.
HRP's plan takes a strongly coordinated, holistic approach to decommissioning, demolition, remediation, and development to achieve the requirements of the Pennsylvania Department of Environmental Protection regulations. HRP is actively coordinating its work with a company responsible for certain historical environmental remediation work at the former refinery. The environmental clean-up is part of a multibillion-dollar development plan that will include 13 to 15 million square feet of environmentally conscious, modern facilities.
To accommodate the proposed development schedule, HRP's plan will be conducted in phases that allow portions of the site to be decommissioned and remediated as others are being redeveloped concurrently.
More on The PennZone
"The complexity and scale of the demolition, decommissioning and remediation requires a strategically coordinated, phased approach to put these 1,300 acres back into commerce," says Jeremy Grey, HRP Executive Vice President. "This plan wouldn't be possible without our strong partnerships with the environmental agencies and other key stakeholders. In addition to a qualified local project team, our firm has the experience and expertise to successfully and responsibly redevelop the former refinery," Grey said.
The sheer scale of the clean-up is daunting and a major reason why HRP was the only bidder for the property with a plan to redevelop the parcel, instead of maintaining it as a refinery. Clean-up efforts include the removal of 850,000 barrels of tank product, including hydrocarbons, residential fuels, and slop oils from the previous use.
The decommissioning and demolition include removing some 950 miles of pipeline, which is enough to stretch from Philadelphia to Jacksonville, Florida, and the abatement of approximately 30,000 tons of asbestos. Demolition also includes a labyrinth of industrial infrastructure and equipment left behind by what was once the Northeast's largest refinery.
The redevelopment plan includes the demolition of some:
As part of the plan, most of the demolished material will be recycled or reused in key aspects of the development. This will divert thousands of tons of materials from going to landfills and eliminate the need for trucks to haul certain demolished materials. Recycling one ton of cement can save up to 1,360 gallons of water.
More on The PennZone
As part of the soil management plan, HRP will analyze and document soil impacted by past operations and deal transparently with its movement and placement on the site. In recognition of rising sea levels, key portions of the site, including future parking lots, are being raised above the 100-year floodplain. Other areas will be lifted above the 500-year floodplain.
About Hilco Redevelopment Partners (HRP): Hilco Redevelopment Partners (www.hilcoredev.com) is a trusted partner and principal real estate investor focused on maximizing the value of obsolete industrial sites through responsible redevelopment. As the industry leader in successfully completing large scale industrial real estate redevelopment projects, HRP is committed to delivering transformative developments and creating economic growth for all stakeholders. HRP is focused on creating exceptional value by developing and managing state-of-the-art warehouses, fulfillment centers, and industrial facilities located near major transportation hubs, ports, and strategic infrastructure assets to create supply chain efficiencies for end users. HRP's facilities are developed to meet our customers' needs by locating in markets with strong labor pools near major population centers.
SOURCE Hilco Redevelopment Partners
Related Links
https://www.hilcoredev.com
The significant investment will finance a massive and complex decommissioning, demolition and remediation plan to put the site back into commerce by transforming it into a state-of-the-art logistics hub that will attract dozens of world-class companies, employing thousands of workers onsite when complete.
HRP's plan takes a strongly coordinated, holistic approach to decommissioning, demolition, remediation, and development to achieve the requirements of the Pennsylvania Department of Environmental Protection regulations. HRP is actively coordinating its work with a company responsible for certain historical environmental remediation work at the former refinery. The environmental clean-up is part of a multibillion-dollar development plan that will include 13 to 15 million square feet of environmentally conscious, modern facilities.
To accommodate the proposed development schedule, HRP's plan will be conducted in phases that allow portions of the site to be decommissioned and remediated as others are being redeveloped concurrently.
More on The PennZone
- Building a Technology Powerhouse-From AI Drones and Global Acquisitions to Defense, Enterprise Software and the Future of Autonomous Operations $ZENA
- Shelter Structures America backs MATRA Second Life Project to turn retired tent vinyl into homes for displaced families
- P-Wave Press Announces Becoming Dad: Reflections for New Fathers by L. A. Davenport
- Logicraft Launches FuelDeck™, AI That Turns Aviation Fuel Tickets Into One Traceable Ledger
- Inaugural OC Tech Week Draws 3,000 From 12 Countries, Sends Finalist to $1M Startup World Cup
"The complexity and scale of the demolition, decommissioning and remediation requires a strategically coordinated, phased approach to put these 1,300 acres back into commerce," says Jeremy Grey, HRP Executive Vice President. "This plan wouldn't be possible without our strong partnerships with the environmental agencies and other key stakeholders. In addition to a qualified local project team, our firm has the experience and expertise to successfully and responsibly redevelop the former refinery," Grey said.
The sheer scale of the clean-up is daunting and a major reason why HRP was the only bidder for the property with a plan to redevelop the parcel, instead of maintaining it as a refinery. Clean-up efforts include the removal of 850,000 barrels of tank product, including hydrocarbons, residential fuels, and slop oils from the previous use.
The decommissioning and demolition include removing some 950 miles of pipeline, which is enough to stretch from Philadelphia to Jacksonville, Florida, and the abatement of approximately 30,000 tons of asbestos. Demolition also includes a labyrinth of industrial infrastructure and equipment left behind by what was once the Northeast's largest refinery.
The redevelopment plan includes the demolition of some:
- 105 on-site buildings
- 3,000 tanks and vessels once used to heat, hold and refine hydrocarbons
- 25 hydrocarbon processing units
- Two boiler rooms
- Two wastewater treatment plants
As part of the plan, most of the demolished material will be recycled or reused in key aspects of the development. This will divert thousands of tons of materials from going to landfills and eliminate the need for trucks to haul certain demolished materials. Recycling one ton of cement can save up to 1,360 gallons of water.
More on The PennZone
- Award-Winning American Hotelier Opens Art-Filled Luxury Cottage in Norfolk, England
- K2 Global / Ozi Amanat Named Among Top 100 AI Venture Capitalists in 2026
- Dr. Latorial Faison Appointed Poet Laureate of Virginia
- AdLeverage Brings Golf Simulator Contest and Home Services Marketing Expertise to Service World Expo 2026
- Cleveland Factory Worker Seeks Funding for AI-Readable Archive Exploring Advanced AI Restraint and Human Survival
As part of the soil management plan, HRP will analyze and document soil impacted by past operations and deal transparently with its movement and placement on the site. In recognition of rising sea levels, key portions of the site, including future parking lots, are being raised above the 100-year floodplain. Other areas will be lifted above the 500-year floodplain.
About Hilco Redevelopment Partners (HRP): Hilco Redevelopment Partners (www.hilcoredev.com) is a trusted partner and principal real estate investor focused on maximizing the value of obsolete industrial sites through responsible redevelopment. As the industry leader in successfully completing large scale industrial real estate redevelopment projects, HRP is committed to delivering transformative developments and creating economic growth for all stakeholders. HRP is focused on creating exceptional value by developing and managing state-of-the-art warehouses, fulfillment centers, and industrial facilities located near major transportation hubs, ports, and strategic infrastructure assets to create supply chain efficiencies for end users. HRP's facilities are developed to meet our customers' needs by locating in markets with strong labor pools near major population centers.
SOURCE Hilco Redevelopment Partners
Related Links
https://www.hilcoredev.com
0 Comments
Latest on The PennZone
- RAS AP Consulting Advances 1099 Education and Readiness Initiative Through IFOL Training and Finance Technology Showcase
- Heritage at Manalapan Announces New 3.875% First-Year Mortgage Rate Buydown (7.11 APR)
- Conservative Latinos for PA PAC Endorses Stacy Garrity for Governor: "Pennsylvania's Latino Families Need a Leader Who Delivers"
- AthleteMerch.com Surpasses 100,000 Custom Items Delivered to Fans Nationwide
- MoMojo Records Signs Gary Nicholson
- Steve Weclew is Appointed by STS Capital Partners as Managing Director
- Communities In Schools of Eastern Pennsylvania Honors United Way and Local Leaders
- New Finnish Affiliate Site Ilmaiskierrokset.com Puts Wager-Free Spins in the Spotlight
- Major FDA Victory; Preservative-Free Ketamine Approved Ahead of November 10 Goal Date as Commercial Launch Opportunity Comes Into Focus for NRx Pharma
- Veterans Day Breakfast Celebration in Valley Forge to Honor America's Military Heroes
- Best Black Friday 2026 Deals on Lightweight Foldable Electric Wheelchairs – Save Up to 60%
- Immerse Yourself in the Historic Tochigi Autumn Festival, Celebrated Every Two Years Since 1874
- Resident Inspect Expands Virtual Property Inspections With AppFolio and Rentvine Integrations
- Unlocking the Next Phase of Growth with New AI Innovations; Targeting 2027 as Breakeven; Revenue Momentum Accelerates: ZenaTech (N A S D A Q: ZENA)
- Dr. Marilyn Pendelton Releases The Grief Reset to Address Grief Beyond Death
- AeroNet Deploys netElastic vBNG and CGNAT with Tarana Wireless to Deliver Scalable, Fiber-Class Broadband Across Puerto Rico
- New Atlas Maps the 38 States Behind Every Conversation
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
- Pastor Carlton L. Aiken Sr. Celebrates 55 Years with "Sermonic Selections"
- J. Wes Seeks Jazz Musicians, Vocalists and Bands for Philadelphia Live Music Event