Trending...
- New AI Customer Segmentation Guide Warns Marketers Not to Confuse Technical Precision With Business Value
- Leeds Billboard Campaign Drives 188% Traffic Uplift as AI Enquiries Rise 266% for Loud! OOH
- New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft's Vision for True Native Swap-Chain Rendering
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
- FDA Food Recall Notices After Outbreak Linked to 98 Hospitalizations: Practical Tips for Safer Grocery Shopping
- The 'Tax Squeeze': Betsson's Record Quarter Previews the Economics of Finland's 2027 Casino Market
- Colonial Nissan Helps Multiple Generations of the Community Find Their Next Vehicle
- ImagineX Acquires Payteros to Strengthen Digital Transformation Capabilities
- From Pizza to Playlists: Marty The Pizza Guy Delivers Three Delicious New Songs
"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
- CAPO Supply Launches New Website Serving Western Pennsylvania and Eastern Ohio
- Meals on Wheels of the Greater Lehigh Valley Receives $15,000 PPL Foundation Grant to Expand Access
- Salestrics Introduces PraiseEngine: The AI-Native Review Engine Built to Fix Social Proof
- BTAQ Unveils Easier Photo Upload Capabilities
- K2 Integrity Names Michael Kallabat Global Head of Investigations and Disputes
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
- Crossroads4Hope Announces The Lipschutz Women's Fund
- AI, Drones, Defense & Explosive Growth: Why ZenaTech Is Emerging as One of the Most Compelling Technology Growth Stories (N A S D A Q: ZENA)
- 91 Per Cent of Enterprises Will Increase AI Spending. Most Can't See the Cost — or the Risk!
- Harrisburg's newest restaurant, Eleve, sells out entire inventory during Grand Opening
- New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft's Vision for True Native Swap-Chain Rendering
- New AI Customer Segmentation Guide Warns Marketers Not to Confuse Technical Precision With Business Value
- Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph
- Aderra Opens in Magnolia, Texas, Offering a New Model for 62+ Homeownership
- What's New in Hokkaido, Autumn 2026
- CRG Awarded NASA SEWP VI Contracts in Categories B and C
- Heidi G. Villari of The Villari Firm, PLLC Named to Super Lawyers for the Tenth Consecutive Year
- Elevate Your Sneakers With Crep Protect Trek Laces
- Meet Privateer: Tucson's High-Tech Security Force Built With Paramilitary Precision
- Dynamic Dachshund Dog Goes Global: Remember Point Launches a New Bilingual Children's Book
- DARPA Selects NRx Pharmaceuticals Defense Subsidiary for Contract Negotiations on FDA-Authorized SPARC-TMS Clinical Trial Advancing Mental Health Care
- From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
- SKRAP Finds Hope Through Heartache on Powerful New Single "Shellshock"
- CodesClue: A Trusted AI-Based Software Development Company for Global Businesses
- U.N. Committee Reiterates Forced Psychiatric Detention a Human Rights Violation; CCHR Calls on the U.S. to Implement Protections
- Valgar LLC Launches The Briefing Room: Education Leaders