Hilco philadelphia refinery. 462K subscribers in the philadelphia community.

Hilco philadelphia refinery Hilco bought the site in 2020 for $225 million, and since then has largely demolished its jungle of tanks, pipes and buildings and begun preparing the site for construction. PHILADELPHIA (WPVI) -- For more than 150 years, 1,300 acres of prime Schuylkill Riverfront real estate was home to the PES Oil Refinery and off limits to most Philadelphians. A. The 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. It was the site of the Philadelphia Energy Solutions refinery. There are still questions and concerns over what’s next for the site The U. 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. HRP has settled on a name for its ambitious redevelopment project at the former Philadelphia Energy Solutions refinery site in South Philadelphia, reports the Philadelphia Business Journal. Currently, Hilco is in the process of developing the Site into a multi-modal logistics hub. Read more TIM TAI / Staff Photographer 51 votes, 30 comments. The project is poised to strengthen Philadelphia’s position as a life science and innovation hub while also bringing After Hilco acquired the site in bankruptcy court in February 2020 and announced plans to demolish the refinery and build the industrial park, Philly Thrive began a new campaign in October, called Chicago-based Hilco Redevelopment Partners is now officially the owner of the former Philadelphia Energy Solutions refinery complex in Southwest Philadelphia. Hilco had said it could not have entered into the purchase agreement or close On Wednesday, October 28, ULI Philadelphia hosted a virtual panel discussion titled ‘Refinery Redevelopment: Creating A New Legacy’. Meeting Expectations • Hilco Redevelopment Partners has swept into Philadelphia as a knight errant to help clean up and repurpose the bankrupt oil fields. 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. The Philadelphia Energy Solutions (PES) refinery in South and Southwest Philly exploded and caught fire in 2019 and was soon shuttered. 2 million settlement over the fire and explosion. According to 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. Closing Messages. Hilco Redevelopment Partners, a division of Hilco Global, estimates the redevelopment of the former Philadelphia Energy Solutions refinery into a warehouse-distribution hub could generate an Philadelphia Refinery Legacy Remediation Public Involvement March 31, 2021 6:30 – 8:00 P. Philadelphia Energy Solutions refinery in South Philadelphia. - Sampling beneath Storage Tanks after removal. Investigations into the explosion found that it could have been much worse. . The plan seems to be at odds with what many community advocates are seeking. Gasoline, once a worthless byproduct of heating oil, was A U. Bankruptcy Court in Delaware on Wednesday. Eggert, who will report directly to CEO Roberto Perez, joins HRP’s growing 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 Construction The Bellwether District in South Philadelphia Enters First Phase of Construction October 20, 2023. “This is a very heavy lift,” he said. - Vapor A view of the Philadelphia Energy Solutions refinery on June 21, when it was hit by a fire and explosion that led to its closure. 460K subscribers in the philadelphia community. South Philadelphia residents, environmentalists and city officials welcomed news that a Chicago-based developer will purchase the Philadelphia Energy Solutions refinery complex. The project is poised to strengthen Philadelphia’s position as a life science and innovation hub while also bringing SOUTH PHILADELPHIA - It has been four years since the massive fire and explosion at an oil refinery in South Philadelphia. The new factory will be more than 300,000-square-foot and developers estimate it will be complete by the end of 2024. The developer said Monday that the site will be a future hub for logistics, e-commerce and life sciences called The Bellwether District. But the real value of that site is hundreds and hundreds of millions of dollars more. In 2020, HRP (formerly Hilco) purchased the 1,300-acre site for $225. Construction has begun on the site, with plans of erecting the first warehouse on this site. The Chicago-based real estate developer won the bid to Hilco Redevelopment Partners LLC completed the acquisition of the former Philadelphia Energy Solutions refinery in Southwest Philadelphia for $225. 5 million in June. Overview of the Former Sunoco Philadelphia Refinery Cleanup Program Outreach and Engagement 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 developer transforming the former Philadelphia Energy Solutions refinery site in South Philadelphia plans to start negotiations with community groups early next year. Connecting Hilco’s new industrial park to the existing street grid and to SEPTA’s bus 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. Though it’s not yet fully clear what its new owner plans for its recent purchase, Hilco executives have emphasized the ways that the site’s railroad and maritime infrastructure and its proximity to the Philadelphia International Airport could be valuable to Workers disassemble butane tanks in the north yard of the former Philadelphia Energy Solutions refinery in South Philadelphia on Tuesday, Nov. Hilco Redevelopment Partners prepares to take on a massive project as it closes on the $225. The deal closed about midday Friday for a final price of $225. Toth will manage, lead, and collaborate with the project team to ensure that the facility is operated in a safe, reliable, and environmentally compliant manner. Welcome Katrina McCullough, GHD. 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. 59 votes, 50 comments. PES was the East Coast’s largest refinery until a corroded fuel line ignited early on June 21, 2019, setting off an alarming series A view of the Philadelphia Energy Solutions refinery complex from the George C. Hilco was one of the partners involved with redeveloping a former steel mill into Tradepoint Atlantic. 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. 5 million in 2020. Hilco Redevelopment Partners, a company specializing in A U. The project is being developed by HRP, formerly known as Hilco Redevelopment Partners. PES refinery in Philadelphia. The Philadelphia School Board on Thursday rejected a proposal to extend a Keystone Opportunity Zone tax break to the property. Rachel Ramirez, CNN . Board members said a vow to hire Philadelphia graduates changed no 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. Tiffani Doerr, Evergreen. 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. In this June 21, 2019 file photo, flames and smoke emerge from the Philadelphia Energy Solutions Refining Complex in Philadelphia. 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. The In 2019, the facility stopped operating as a refinery and in June 2020, Hilco Redevelopment Partners purchased the site in order to redevelop the property for commercial use. Philadelphia Energy Solutions confirmed on Wednesday, July 3, that the termination date for workers would be Located in South Philadelphia on the banks of the Schuylkill River, the 1400 acre PES site had been an oil refinery since 1860. , which filed for Chapter 11 bankruptcy Hilco acquired the 1,300-acre former Philadelphia Energy Solutions refinery out of bankruptcy in June 2020 for $225. 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 The explosion and subsequent fire on June 21, 2019, eventually forced the refinery to close after being in operation for 150 years. Bankruptcy Court on Wednesday tentatively approved selling the refinery to Hilco, a Chicago-based industrial property redevelopment firm. The deal is a giant step toward building an See past public meetings Read the quarterly newsletters Submit public comments Stay connected and sign up for updates Public Engagement Timeline 2006 | Notice of Intent to Remediate & Public Involvement Plan (PIP) After submittal of the Notice of Intent to Remediate in 2006, the City of Philadelphia requested that Sunoco develop a Public Involvement Plan (PIP), Hilco Redevelopment Partners is turning a former oil refinery site into a 1,300-acre industrial and life sciences hub 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 Philadelphia Energy Solutions and Hilco Redevelopment Partners have a lot to do before the sale can close. According to Philadelphiarefinerycleanup. 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. Today, more than half of the jungle of pipes, tanks, and buildings on the site have been torn down. Hilco Redevelopment Partners, who purchased the Philadelphia Energy Philadelphia lawmakers on Thursday approved new tax breaks for the owner of the 1,300-acre former refinery site in South Philadelphia, overruling objections from environmental Philadelphians joined together to demand our Right to Breathe and won an end to 154 years of oil refining in South Philly. The name is the latest change to the refinery complex. 21, 2020 /PRNewswire/ -- Hilco Redevelopment Partners (HRP) announced that the company will invest hundreds of millions of dollars to decommission, demolish and remediate the Last week, PES, Point Breeze Renewable Energy, and Hilco Redevelopment Partners agreed to terminate all previous contracts and rights held by Point Breeze in relation to the refinery site, clearing the way for Hilco and PES to close on the $240 million sale of the 1,300-acre property. 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. Northbrook, Illinois-based Hilco Redevelopment Partners (HRP) has purchased the 1,300-acre former Philadelphia Energy Solutions (PES) oil refinery in the southwest part of Philadelphia for $225. 5 million, $26. This is a historic transformation, accounting for 2% of land in Philadelphia in what is the largest planned SOUTH PHILADELPHIA - It has been four years since the massive fire and explosion at an oil refinery in South Philadelphia. Consider Logan Triangle, a 35-acre site in North Philadelphia where developers filled in a creek bed Hilco Redevelopment Partners bought the 1,300-acre former Philadelphia Energy Solutions site out of bankruptcy in June for $225. 5 million out of the most recent Philadelphia Energy Solutions bankruptcy, Hilco Redevelopment Partners, or HRP, plans to spend $4 billion over the next 15 years to transform the former refinery on the banks of the Schuylkill into the Bellwether District, City council unanimously passed legislation Thursday extending a Keystone Opportunity Zone agreement for the former site of the Philadelphia Energy Solutions refinery. The company acquired 1,300 acres through the bankruptcy of Philadelphia Energy Solutions Inc. Hilco Hilco Redevelopment Partners bought the former Philadelphia Energy Solutions oil refinery site for $225. (HRP) 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. 24, 2020. Eggert, who will report directly to CEO Roberto Perez, joins HRP’s growing 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. June 7, 2023: 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. 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. The discussion, moderated by Charlene Drake, Associate at Langan Engineering and Environmental Services, focused on Hilco Redevelopment Partners’ recent purchase and redevelopment efforts of one of the largest oil Skip to content. Read more Michael Bryant / . 1 to inform the community about permit applications it was requesting for the former refinery and tank farm. Made up of 22 local community Groundbreaking held for The Bellwether District 02:03. Hilco Redevelopment Partners has named an operations head to help oversee its planned 1,300-acre transformation of the former Philadelphia Energy Solutions refinery site into an industrial and Construction equipment sit on the land that was once the site of the PES Refinery in South Philadelphia in September 2023. “[It’s] disappointing, because the land was used to Philadelphia Refinery Legacy Remediation Public Involvement March 31, 2021 6:30 – 8:00 P. In his role, Mr. Hilco had said it could not have entered into the purchase agreement or close The planned buyer of the shuttered Philadelphia Energy Solutions refinery site has a long track record of redeveloping defunct industrial sites, taking a Skip to content Breaking PHILADELPHIA, Aug. Bilal Motley, utilities manager at a 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 HRP Group (HRP) purchased the 1300-acre former Philadelphia Energy Solutions (PES) Refinery in South Philadelphia, strategically located in close proximity to the Philadelphia International Airport, University City and the Port of Philadelphia. Unfortunately, on many occasions across the city, transitions went terribly wrong. It has been over three years since Hilco Redevelopment Partners bought Industrial Realty Group, the spurned bidder for the company that shut down after a devastating June fire, has teamed up with former refinery chief executive Philip Rinaldi to try to upstage a bankruptcy court sale to rival Hilco Redevelopment. Hilco Redevelopment Partners (HRP) committed to negotiating a community benefits agreement during a virtual public meeting earlier this fall. 19, 2020 /PRNewswire/ -- A recently completed economic impact study of Hilco Redevelopment Partners' (HRP) proposed redevelopment of the closed former Philadelphia Energy Hilco’s Perez has no illusions about the work ahead. The Philadelphia Energy Solutions (PES) refinery was — until last year — the largest and oldest gasoline refinery on the East Coast. Now it has a new Chicago-based Hilco Redevelopment Partners buys PES refinery for $240 million Philadelphia Energy Solutions refinery entered bankruptcy after an explosion and fire ripped through the facility last The explosion sent shockwaves across Philadelphia, particularly among the residents living less than a mile from the refinery. The PES site was purchased by Hilco Redevelopment Partners, which plans The former refinery property nonetheless is a prime economic opportunity; it is larger than Center City and has 100 more acres than the nearby Navy Yard, which has evolved from a moribund military installation to a real estate success story over the last 20 years. He had only about an hour left of his shift, when frantic reports of a fire at the facility’s hydrofluoric acid unit came rushing in through the radios. Meeting Expectations • 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. The week it was sold began with a community rally that also served as a makeshift memorial service. “The full value comes from suppressing the 20% of Philadelphia’s greenhouse gas emissions every year that the refinery produced. 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 Workers disassemble butane tanks in the north yard of the former Philadelphia Energy Solutions refinery in South Philadelphia on Tuesday, Nov. Read more TIM TAI / Staff Photographer 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. Most of us probably remember when the Philadelphia Energy Solutions oil refinery (or PES for short) exploded in Grays Ferry on June 21, 2019, causing a massive fire and sending a bus-size piece of debris flying across the Schuylkill. Gasoline 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. ” SURPRISES IN A TOXIC SOUP. If it hadn’t been for a single employee in PES’ central control A U. After the explosion in 2019 South Philadelphia residents, environmentalists and city officials welcomed news that a Chicago-based developer will purchase the Philadelphia Energy Solutions refinery complex. Small Group Discussions. - Act 2 reporting associated with contamination that was released after September 2012. Environmental Protection Agency announced on Tuesday a $4. Yet Hilco can't get paid for it. 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. At the same time, this project will have a significant positive effect on Oil refining at the Philadelphia site began in 1870, 100 years before the creation of the U. Hilco’s demand, which would reduce the proceeds for the refinery’s creditors, came two days after Philadelphia City Council introduced legislation that would extend the refinery’s Keystone Opportunity Zone status, which was granted in 2014 and is now set to expire in 2023. Hilco Redevelopment Partners broke ground on Oct. HRP embarked on plans Hilco Redevelopment Partners, a subsidiary of Hilco Global, has already begun site work at the former Philadelphia Energy Solutions refinery, which was the largest oil refinery on the East Coast A playground near the former Philadelphia Energy Solutions Refinery, in Philadelphia, Pennsylvania, on July 1, 2022. Schreffler, Curtis, L. The former Philadelphia Energy Solutions (PES) refinery site is nestled between largely Black and working-class neighborhoods of South and Southwest Philadelphia. The company promises to turn the property into an economic engine for the city — an e-commerce and logistics hub called the Bellwether District. Missing from all the speeches was any mention of the potential impact of a logistics and/or manufacturing-heavy mix of industries, which HRP plans for the 750-acre southern portion of Bellwether 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. In September 2019 I plopped into a kayak and pushed off the eastern banks of the Schuylkill River in Center City, “The full value comes from suppressing the 20% of Philadelphia’s greenhouse gas emissions every year that the refinery produced. 16 on the first phase of vertical construction at the site, which is promising residents a state-of-the-art innovation, e HRP Group Announces The Bellwether District Project Featured at ITN Business 2024 Net Zero Festival The Bellwether District sounds nothing like Philadelphia Energy Solutions — and that's likely on purpose. Mr. 5 million deal with Philadelphia Energy Solutions on Friday, the developer said, acquiring the site of the largest and oldest East Coast refinery. On the 13th of February, the U. - Management of soil during redevelopment in accordance with June 2020 Soil Management Plan. 25, 2021 /PRNewswire/ -- Hilco Redevelopment Partners (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in With easy access to the Schuylkill River, railroads, and roadways, the site has been used for petroleum refining for more than 150 years. 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 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. And because they can't get 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. City council unanimously passed legislation Thursday extending a Keystone Opportunity Zone agreement for the former site of the Philadelphia Energy Solutions refinery. Future reports may include but are not limited to Cleanup Plan(s) and Final After filing for bankruptcy in 2019, the old refinery now has new ownership, along with big plans to diversify the trades industry for Philadelphia youth. On Monday, June 22, as Black Lives Matter protests continued nationwide, members of Philly Thrive, a local grassroots group, arrived 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 companies across multiple industries. By Barbara Lazaridis, Staff Writer Philly Thrive, Philadelphia’s environmental activist group that works to raise awareness about pollution in Philadelphia through their #RightToBreathe campaign, achieved another milestone last month after years of restless activism. Their proposal would not allow future residential use of the property, calling for the School Board changes its mind; votes yes on Hilco refinery redevelopment tax break. 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. 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. HRP embarked on plans A view of the Philadelphia Energy Solutions refinery on June 21, when it was hit by a fire and explosion that led to its closure. In 2019, the facility stopped operating as a refinery and in June 2020, Hilco Redevelopment Partners purchased the site in Hilco Redevelopment Partners bought the complex out of the Philadelphia Energy Solutions bankruptcy that followed the massive 2019 explosion and fire that ultimately shut down operations there. Bankruptcy Court decided that southern Oil refining at the Philadelphia site began in 1870, 100 years before the creation of the U. 5 million. The announcement of its sale raised hopes among urban planners, environmentalists, and the refinery’s neighbors that a new, cleaner use can be found for a large property at Philadelphia’s southern gateway. Review of 2021 Submittals & Meetings . We believe this project is the most transformational growth opportunity in a generation,” said HRP CEO Roberto Hilco’s demand, which would reduce the proceeds for the refinery’s creditors, came two days after Philadelphia City Council introduced legislation that would extend the refinery’s Keystone Opportunity Zone status, which was granted in 2014 and is now set to expire in 2023. Hilco plans to transform the 1,300-acre site into a multi-modal logistics hub. Hilco now holds responsibility for cleaning up contamination and giving the land new life. Hilco’s bid in a recent bankruptcy auction was $25 million less than IRG’s, but Hilco was selected as the winner, according to a The massive explosion that shuttered the PES refinery in South Philadelphia happened nearly three years ago. The Now, Chicago-based Hilco Redevelopment Partners is working on The Bellwether District, a huge project that will replace the refinery and is set to transform this part of South Philadelphia from an Occupying the site of a former oil refinery spreading across 1,300 acres near Philadelphia’s city centre, The Bellwether District is an ambitious, transformational project led by Hilco Redevelopment Partners (HRP). 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. Read more / File Photograph Hilco Redevelopment Partners Evergreen/Sunoco - Assessment and cleanup of contamination that was released after September 2012. Philadelphia (CNN) — 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. For $225 million, Hilco bought the sprawling site with a plan to transform it into a distribution and commercial hub with HRP, the company formerly known as Hilco Redevelopment Partners, on Monday unveiled a new name for the commercial real estate venture it plans to build on the site of the shuttered South Philadelphia refinery: the Bellwether District. As one cautious 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. 5 million deal to buy the Philadelphia Energy Solutions refinery in South Philadelphia. Federal investigators blamed an aging elbow pipe that hadn’t been inspected in decades. 5 million Workers disassemble butane tanks in the north yard of the former Philadelphia Energy Solutions refinery in South Philadelphia in November 2020. “When we purchased the former refinery site in 2020, we bet big on Philadelphia. News and happenings in and around Philadelphia, Pennsylvania. Environmental Protection Agency (EPA). info, the refinery started processing petroleum in the 1860s and began gasoline production during World War two. Work on the former PES Refinery in South Philadelphia Hilco Redevelopment Partners (HRP) – the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial property – today PHILADELPHIA (CBS) -- The South Philadelphia refinery that exploded in 2019 is being rebranded. Fuel tank ignites at Hilco site, drawing 100 firefighters to former PES refinery in South Philly. 5 million acquisition of the former Philadelphia Energy Solutions refinery complex in Philadelphia. Hilco estimates the Bellwether District to create 30,000 new jobs. Now locals wonder what’s next. A U. M. The PES site was purchased by Hilco Redevelopment Partners, which plans to demolish the refinery and build a set of warehouses in its place. Report Back from Small Groups . The Philadelphia school board’s refusal to sign off on a major tax break for Hilco Redevelopment Partners, the new owner of the former Philadelphia Energy Solutions refinery, was unexpected. On June 21, 2019, part of the Philadelphia Energy Solutions refinery, the largest oil refinery on the east coast of America, blew up HRP Group Announces The Bellwether District Project Featured at ITN Business 2024 Net Zero Festival 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 Hilco Redevelopment Partners (HRP) closed Friday on the $225. Image credit: Google Maps. The U. Sunoco owned the site for decades, and an explosion closed the refinery in 2019. Hilco, which has $2. However, after a 2019 explosion and fire destroyed the refinery, the then-owner was forced to declare [] Philadelphia (CNN) — 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 WILMINGTON, Delaware (WPVI) -- Hilco Redevelopment Partners officially acquired the Philadelphia Energy Solutions refinery on Thursday. Hilco Redevelopment Partners recently announced it and Philadelphia Energy Solutions Refining & Marketing, which still owns the old refining infrastructure, and the city’s Air Management Services Department were planning an online public meeting Sept. Their proposal would not allow future residential use of the property, calling for the Philadelphia lawmakers on Thursday approved new tax breaks for the owner of the 1,300-acre former refinery site in South Philadelphia, overruling objections from environmental justice activists HRP, the company formerly known as Hilco Redevelopment Partners, on Monday unveiled a new name for the commercial real estate venture it plans to build on the site of the shuttered South Philadelphia refinery: the Bellwether District. Geological Survey, Water-Resources Investigations Report 01-4218, Sloto, R. This phase will feature two industrial buildings, signaling the beginning of a remarkable transformation. Hilco Redevelopment Partners officially closed the deal on Friday, promising new economic development, new jobs and improved environment in the city. Hilco Redevelopment Partners of Chicago, the current owner, is seeking tax breaks for its project to transform the 1,300-acre site into a logistics center. But it also could be an unexpected opportunity. That could take years. Upon acquisition, HRP decommissioned the refinery, resulting in a 16% decrease in carbon emissions in the city. Also approved as part of PES’ Chapter 11 reorganization is a $29 million settlement with the company’s unsecured creditors that includes a $5 million severance fund Hilco Redevelopment Partners closed its $225. And because they can’t get paid for it, they can’t raise money for it. PHILADELPHIA (CBS) -- New life is coming to the old Philadelphia refinery on the banks of the Schuylkill River. S. The former Philadelphia Energy Solutions refinery in South Philadelphia along the Schuylkill River, which Hilco Redevelopment Partners bought out of bankruptcy and plans to rebuild into a logistics hub. Katrina McCullough, GHD. , 2003. 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. Companies; Contact; Search Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has appointed Stephanie Eggert to the newly created position of Senior Vice President – Operations. Since Members of the United South/Southwest Coalition rally in front of the former Philadelphia Energy Solutions oil refinery, now owned by Hilco Redevelopment Partners, on Thursday. The Chicago-based company said the extension of the The refinery’s recent sale marked a major milestone in the transition away from refining in South Philadelphia. But monitors on the property’s edge continue to pick up high levels of a cancer-causing chemical, on par with operating refineries across the country. In Philadelphia, a private-sector company is taking the lead. Credit: Caroline Gutman/Deep Indigo Collective for Inside Climate News George Toth joined HRP as Vice President - Refinery Operations in June 2020 when HRP acquired the Philadelphia Energy Solutions refinery site. Last week, PES, Point Breeze Renewable Energy, and Hilco Redevelopment Partners agreed to terminate all previous contracts and rights held by Point Breeze in relation to the refinery site, clearing the way for Hilco and PES to close on the $240 million sale of the 1,300-acre property. (Emma Lee/WHYY) Dismantling the refinery. Those include its strategy of paving over and sealing its vast expanse of contaminated soil, rather than 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 Hilco Redevelopment Partners plans more than 50 buildings on the 1,300-acre site, one of the largest redevelopment projects in recent Philadelphia history. That area is home to Amazon, Under Armor, FedEx, and other warehouses and Since December 30, 2013, Philadelphia Refinery Operations, a series of Evergreen Resources Group, LLC (which is an affiliate of Sunoco) has managed the subsurface investigation and remediation at the Refinery (continuing Sunoco’s prior work). Gasoline, once a worthless byproduct of heating oil, was 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 Sessoms, a former government relations officer for the Community College of Philadelphia and now Hilco’s senior vice president for corporate affairs at the Philadelphia project, said the refinery was a polluter and a “cause of pain” for nearby minority communities, but (Courtesy of Hilco Redevelopment Partners) The company redeveloping the massive former refinery in South Philadelphia has revealed more details about the e-commerce and logistics hub they plan to build on part of the site. The School Board rejected the tax abatement in a prior vote. Hilco Redevelopment Partners, a real estate firm that specializes in renovating old industrial properties, bought the PES refinery out of bankruptcy for $225. But four years later, many questions remain unanswered by new owner Hilco Redevelopment Partners. 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. Exhaust billows from Philadelphia Energy Solutions Refining Complex in Philadelphia,. Read more Hilco Redevelopment Partners PHILADELPHIA, Oct. The The Philadelphia Energy Solutions (PES) refinery was — until last year — the largest and oldest gasoline refinery on the East Coast. The site won’t be a refinery, but no one is sure what comes next. In January, the refinery land was auctioned off to Hilco PHILADELPHIA (WPVI) -- The company handling the cleanup of a South Philadelphia refinery destroyed two years ago plans to turn the industrial site into a major When Hilco Redevelopment Partners bought the South Philadelphia refinery complex for $225. Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has appointed Stephanie Eggert to the newly created position of Senior Vice President – Operations. Philadelphia (CNN) — 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 Hilco Redevelopment Partners has swept into Philadelphia as a knight errant to help clean up and repurpose the bankrupt oil fields. Evergreen 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. Construction has begun at the Bellwether District, a 1,300-acre property slated to become an industrial logistics complex — think giant warehouses and lots of trucks — and life sciences campus. Oil refining at the Philadelphia site began in 1870, 100 years before the creation of the U. If it hadn’t been for a single employee in PES’ central control The site — which was Philadelphia’s largest available commercial property — was purchased by Hilco out of bankruptcy in 2020 for $240 million from Philadelphia Energy Solutions, ending the HRP Group (HRP) purchased the 1300-acre former Philadelphia Energy Solutions (PES) Refinery in South Philadelphia, strategically located in close proximity to the Philadelphia International Airport, University City and the Port of Philadelphia. “It’s probably one of the most complicated things I’ve ever done. At the time, it was the largest oil refining 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 South Philly refinery damaged in explosion to be turned into 1,300-acre Bellwether District. Courtesy/Drexel University 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 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. EMBARGOED until 8 am Monday 10/25/2021. Hilco South Philadelphia residents, environmentalists and city officials welcomed news that a Chicago-based developer will purchase the Philadelphia Energy Solutions refinery complex. Read more / File Photograph 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. Skip to content Tuesday, November 26, 2024 Artists rendering of The Bellwether District, the mixed-use development proposed for the former PES refinery site in South Philadelphia. 17, 2020 /PRNewswire/ -- Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial On Thursday, the Philadelphia Energy Solutions refinery and its creditors finalized the sale of the 1,300 acre site to Chicago-based Hilco Redevelopment Partners for $225. Platt Memorial Bridge. 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 Hilco Redevelopment Partners, a division of Hilco Global, estimates the redevelopment of the former Philadelphia Energy Solutions refinery into a warehouse-distribution hub could generate an 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). Toth also will provide oversight and guidance to the A U. Future Act 2 reports will also be posted on this website along with regulatory correspondence for these reports. HRP Group, formerly known as Hilco Redevelopment Partners, plans to redevelop the sprawling site — now known as the Bellwether District — and construct dozens of buildings Hilco Redevelopment Partners plans to rebuild the former Philadelphia refinery complex into a multiuse logistics hub similar to Tradepoint Atlantic near Baltimore. Mon, Apr 15, 2024, 5:44 AM 13 min read. Hilco, however, said in its statement that “average benzene concentrations have decreased steadily since 2020 as the refinery was decommissioned and demolished. Hilco’s plan is to transform the 1,300-acre site into a multimillion-dollar distribution and commercial hub, ending a legacy of 150 years of Most of us probably remember when the Philadelphia Energy Solutions oil refinery (or PES for short) exploded in Grays Ferry on June 21, 2019, causing a massive fire and sending a bus-size piece of debris flying across the Schuylkill. Hilco Redevelopment Partners bid $240 million last Friday to become the new owner of the 1,300-acre site, according to documents filed in U. The HRP Group (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in South Philadelphia. 462K subscribers in the philadelphia community. 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. This rendering shows the industrial buildings that are Hilco explaining some of the proposed plans for the area; Community expressing their concerns about the impacts of the refinery on their families and their neighbors ; Community expressing the importance for Evergreen to pay the community back for the damages that were caused; Community wanting to understand what a standard risk assessment is . PHILADELPHIA (Reuters) – 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 PHILADELPHIA, Oct. Yet Hilco can’t get paid for it. ” It said benzene concentrations in outdoor air at the site are “now consistent with concentrations in other areas of Philadelphia” and that it continues to monitor for all These milestones coincide with the anniversary of the closure of the refinery in June 2019 and HRP’s acquisition of the property on June 26, 2020. 5 billion of assets under A real estate development company has closed on a $225. HRP says it plans to dismantle and demolish the refinery to build “an environmentally responsible and economically robust commercial hub PHILADELPHIA, Aug. The former PES refinery located in South Philadelphia which used to be the largest oil refinery on the East Coast is now entering its newest chapter. It wasn’t the first time the 150-year-old refinery had caught on fire. Public pressure to reduce Philly’s property tax abatement on new residential construction, rising opposition to public subsidies, In the future, some reports may also be submitted by development phase/area as defined by Hilco Redevelopment Partners since the property is being developed on an area by area phased basis. Gasoline, once a worthless byproduct of heating oil, was 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. The former Philadelphia Energy Solutions refinery along the Schuylkill River. On Wednesday, October 28, ULI Philadelphia hosted a virtual panel discussion titled ‘Refinery Redevelopment: Creating A New Legacy’. 5 million, the Philadelphia Business Journal reported. On June 21, 2019, part of the Philadelphia Energy Solutions refinery, the largest oil refinery on the east coast of America, blew up 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 companies across multiple industries. The refinery operator declared bankruptcy after the fire and laid off over 1,000 employees. 2 Agenda. ” Activists helped shut down this oil refinery in Philadelphia. The discussion, moderated by Charlene Drake, Associate at Langan Engineering and Environmental Services, focused on Hilco Redevelopment Partners’ recent purchase and redevelopment efforts of one of the largest oil In the 340 years since Philadelphia’s founding, the city’s landscape has constantly shifted, as waves of development and redevelopment shipped out with the old and in with the new. The past two years have seen little direct dialogue beyond virtual community meetings, but Hilco Redevelopment In January, the refinery land was auctioned off to Hilco Redevelopment Partners, a global real estate company who plans to demolish the refinery. The 1,300-acre South Philadelphia property will now be called When Hilco Redevelopment Partners (HRP) spent $225 million to buy the PES refinery site, which shut down after a massive explosion in 2019, the redevelopment company had over 100 buildings, 3,000 tanks and vessels, 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 Pitts said Philly Thrive is concerned about several aspects of Hilco’s plans for the sprawling former oil refinery site. There are still questions and concerns over what’s next for the site 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 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. On Monday, June 22, as Black Lives Matter protests continued nationwide, members of Philly Thrive, a local grassroots group, arrived 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. 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. 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. “Nowhere is the story of re 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 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. A bird's-eye rendering of what Hilco Redevelopment Partners' transformation of the former PES refinery, which it has named the Bellwether District, could look like at full build-out. While operating, the refinery emitted the most air pollution and 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. Hilco Redevelopment Partners (HRP), which bought the 1,000-acre former refinery in 2020 and plans to turn it into a logistics and life sciences hub branded the Bellwether District, continued to monitor for benzene at roughly 30 points along the property’s perimeter in line with the EPA’s Petroleum Refinery Sector Rule, posting results online. 24/7 Live Philadelphia Pennsylvania New The massive explosion that shuttered the PES refinery in South Philadelphia happened nearly three years ago. , 2001. udzttoy gpfe xyhqqge yarc edzwkn bhj jid exrpq brzlh vksqdskyv