Trending...
- Bethany Nikitenko Appointed to Philadelphia Trial Lawyers Association Board of Directors
- Porter's Day Care Opens Doors to Brighter Futures
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
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
- The City's Most Elegant Open-Air Dinner Party Returns September 12, 2026
- LiteracyNation's 3rd Annual Indie Author Book Fair
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)
- Autonomous Robotics Platform Expansion as Public Market Debut is Very Close: MBody AI Corp. (N A S D A Q: MBAI)
- Loud! OOH calls for prize draw advertising standards as £1.3bn category moves outdoors
"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
- Insurance for Braces Helps Make Treatment More Manageable for Pennsylvania Families
- Black Ribbon Productions Launches With Fearless 2026 Horror Slate
- Actor Dominic Pace Returns to Television and Film
- Opteamix welcomes Girish Ramachandra to its leadership team as Senior Vice President of Client Services
- Silicon Box Ships 500M Units at High Yield, Expands Production Capacity for Panel-Level Packaging
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
- The J Wes Project Announces "The Mystery of Love" Documentary
- Walker's Realty and North Jersey Properties Introduce Extraordinary Luxury Estate for Rent in West Orange, New Jersey
- Extreme Heat Strains Home Appliances: Appliance EMT Offers "Summer Rescue" Relief
- Independent West Texas Metal Multi-Instrumentalist & Producer. "MAD CHAD™" Russell Surpasses 1.9 Million Project Interactions Via DFGS Productions
- No Download Needed: Goosechase Adds Browser Play to Every Experience
- HER Patio Productions celebrates one-year Anniversary of "Say Grace"
- Working Musicians Academy Partners with Black Dog Music Partners to Give Musicians Independent, Income-Producing Careers
- Omnitronics launches Ecosystem Health Dashboard to enable proactive monitoring across dispatch environments
- New Research Identifies "The Great Junk Transfer": 49% of Americans Would Rather Inherit Nothing Than Sort Through a Relative's Belongings
- Minus K Technology launches it Educational Giveaway for Universities and Colleges in the USA
- UK Financial Ltd Verifies Maya Preferred PRA Circulating Supply, Proving Its Eight-Year Promise of Under 1M Tokens After Chainlink Labs Agreement
- Anamorphic 3D Only Works on Fixed Screens. Loud! OOH Put It on a Moving Ad Van for Flood Re
- From DJ Booths to Disney: Orlando Author Ryan Tiffin Launches "Chasing Magic"
- Nola Blue Records Announces New Album from Sherman Holmes
- 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
- CAPO Supply Launches New Website Serving Western Pennsylvania and Eastern Ohio