News
Read about Hilco Redevelopment Partners' latest business transactions, redevelopment progress, and other company news.
Businesses Flock to Baltimore Wasteland in Epic Turnaround Tale
Sparrows Point looked like the backdrop to a dystopian sci-fi flick when Roberto Perez first laid eyes on it in the summer of 2012. Located along Chesapeake Bay in Maryland’s Baltimore County, the site housed what was once the world’s biggest steel mill as well as a shipyard.
Turning a Dead Coal Plant Into a Hip Waterfront Experience
The L Street Power Station provided Boston with electricity for more than a century, burning coal and belching fumes into the sky. Mostly mothballed in 2007, it may soon be reborn in a much different form.
Hilco Redevelopment Partners Joins CPS to Support Summer Reading Initiative
On Tuesday, Chicago Public Schools was joined by Chicago-based Hilco Redevelopment Partners through their charitable organization, Hilco Helps, to donate thousands of English and Spanish language books for 3rd, 4th and 5th grade students across 50 schools as part of the city’s Summer Reading Initiative.
After nearly five years, activity stirs at Avondale
The company redeveloping the former Avondale Shipyard has announced that the dilapidated property has had its first sign of activity in five years with a vessel docking along its waterfront.
PSEG Sells Two Retired Coal Sites to Hilco Redevelopment Partners
Properties to be remediated and returned to commerce. HRP plans a second life for both sites as warehouse distribution hubs.
One North LaSalle Trades Hands
A dwindling supply of creative office space in the Central Loop since 2011 made One North LaSalle a premium investment opportunity.
Hilco selects Cushman & Wakefield to market Exchange 55 which will deliver Q1 2020
Cushman & Wakefield has been selected as exclusive leasing broker for Exchange 55, the largest new industrial development available in Chicago. The planned development is approved, which means the site is fully entitled and zoned for industrial. Exchange 55 will break ground immediately, with delivery expected in the first quarter of 2020.
Chicago’s near Southwest Side continues to attract last-mile activity
Last week, the Chicago Plan Commission approved a plan by Hilco Redevelopment Partners to construct a 1-million-square-foot distribution center in the Little Village neighborhood. The new project joins a slate of other projects as developers attempt to meet demand for last-mile capabilities close to the CBD.