News


Read about Hilco Redevelopment Partners' latest business transactions, redevelopment progress, and other company news.

How Philly’s biggest 2020 real estate deal could create opportunities for Philly students

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.

Alexandria power plant along the Potomac to become mixed-use project

A development company with a history of transforming obsolete facilities has purchased one of the largest industrial sites in Alexandria and plans to build housing, office space and retail, granting residents new access to a large swath of the Potomac River.

The long-awaited redevelopment of ugly, toxic abandoned coal-fired power plant in a prime spot on the Potomac River is at hand

On November 16, 2020, Illinois-based Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced the purchase of the approximately 20-acre Potomac River Generating Station (PRGS) site in Alexandria, Virginia.

'The Single Most Important Development Site In The City' — Inside The Proposed Redevelopment Of The PES Refinery

More than remediating past damage, Hilco Redevelopment Partners aims for its buildings to be extremely sustainable.

Disrupting Economic And Racial Inequity With Three Practical Steps

This month, The YES Project at America’s Promise Alliance is releasing a three-part blog series to illuminate the ways in which employers, youth-supporting programs, and intermediary organizations are helping young people become ready for, connected to, and supported in our unprecedented and rapidly evolving employment environment. The employment landscape has changed drastically since the start of the year, due in large part to the devastating effects of the COVID-19 pandemic and a heightened consciousness of the long-felt effects of systemic racism. In this series, three thought leaders will explore their own lessons learned in supporting opportunity talent—particularly Opportunity Youth—over the course of the pandemic, and what that might mean for the future.

Hilco Redevelopment Partners to Invest Hundreds of Millions of Dollars to Decommission, Demolish and Remediate the Former PES Refinery Site in Southwest Philadelphia

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.

Hilco Redevelopment Partners Names Melissa Schrock to New Roles as Senior Vice President - Mixed-Use Development

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 Melissa Schrock to the newly-created position of Senior Vice President – Mixed-Use Development.

Administrator Wheeler Wraps Up Visit to Philadelphia

Administrator Andrew Wheeler wrapped up his trip to the greater Philadelphia area with a series of roundtables highlighting environmental restoration, economic redevelopment, and regulatory reform.