Trending...
- Love Must Be the Guide: Live Good Shares a Message of Humanity, Compassion and Hope
- USA Med Bed Helping Home Care Patients with Refurbished Hill Rom Hospital Beds
- CAPHRA warns Southeast Asia not to repeat Australia's nicotine policy failure
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
- Christian Apocalyptic Thriller Explores Biblical Prophecy, Global Technology, & the Rise of the Ant
- Turnstone Creative Expands Leadership Team with Addition of Marketing Manager
- The Hidden Price Of Lost Property In UK Schools
- Milton Collier, CEO & President of Freight Broker 911, Eliminates the #1 Barrier to Entry in Logistics: Announces 100% Free Freight Broker Training
- FDA-Cleared AI Neuropsychiatry Platform, Million-Dose Ketamine Manufacturing and Presidential Psychedelic Initiative Drive Growing Momentum for NRXP
"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
- AI Velocity Trading Launches Institutional-Grade Algorithmic Engine for Retail Investors
- America's Workforce Solution, LLC Assessed "Awardable" for Department of War work in the CDAO's Tradewinds Solutions Marketplace
- Speaker and Certified Coach Syrena N. Williams Debuts Powerful New Book on Healing, Identity, and Wholeness
- Lord of the Rings, Doctor Who' Q&As, Local Sessions Highlight FAN EXPO Philadelphia Programming
- Kryptokasinot.io Raises Concerns Over Proposed Cryptocurrency Restrictions in Finland's Gambling Reform
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
Filed Under: Business
0 Comments
Latest on The PennZone
- Curious About Mensa? DFW Event Offers a 1-Day Immersion
- Morphy's will breeze into summer with a June 10-11 Fine & Decorative Arts auction featuring nearly 1,200 high-quality lots
- L-Tron to Exhibit at American Association for Motor Vehicle Administrators Region 1 Conference
- Buzzblender Announces Launch of Simple Hotel Mode for Android and Upcoming Video Wall Support for Samsung Professional Displays
- How Strategic WooCommerce Development and Digital Marketing Helped a Fashion Ecommerce Business Increase Revenue by 3X
- Burkentine Builders Breaks Ground For Two New Communities
- VIV Welcomes Residents to St. Petersburg's EDGE District
- Evocative Joins the Independent Data Centre Network (IDCN) as Primary USA Operator
- Philadelphia Scientist Roohid Parast Advances IBD Research at Johnson & Johnson
- Medical Experts Highlight the Importance of Second Opinions in Death Investigations
- Joseph Nybyk aka Neibich of Gilbert, Arizona
- Omnitronics Unveils 100% Software omniGateDMR and omniGateP25 RoIP Gateways
- KRE PRIME Launches Adaptive Convertible Jumpsuit
- USA Med Bed Helping Home Care Patients with Refurbished Hill Rom Hospital Beds
- Sobreseimiento de Nicolás dos Santos y Jorge Méndez expone demandas millonarias a Paraguay y boicot a la Hidrovía
- CAPHRA warns Southeast Asia not to repeat Australia's nicotine policy failure
- Milo3D.ai Launches Free AI 3D Model Generator That Turns Text and Images Into Game-Ready 3D Assets in Seconds
- UK Financial Ltd Executes 100% Success Rate on All ERC-3643 Transfers to Coin Holders of MayaCat Regulated Security Token and Maya Preferred PRA
- Blank Space: The Unofficial Taylor Swift Tribute Brings Eras Tour Magic To Cities Across America
- Love Must Be the Guide: Live Good Shares a Message of Humanity, Compassion and Hope