This article was produced by Hilco Redevelopment Partners.
If you take a look around our nation’s cities, you’ll probably see relics of obsolete industries, like abandoned power plants or old oil refineries. Not only are these sites underused eyesores, but they are often large sources of pollution. So what can be done with them?
That’s where Hilco Redevelopment Partners (HRP) comes in. We’re in the business of transformation and have the expertise and experience to take on these complex projects. We clean up, we plan, and we modernize – but ultimately, we transform.
A HRP project in Chicago, now serving as a Target distribution center
Check out some of our latest projects improving communities across the country:
In Chicago, we transformed a coal-fired power plant into a LEED-certified, state-of-the-art logistics center.
In Boston, we are transitioning a power plant into a mixed-use development with retail, residences, and waterfront open space.
In Philadelphia, we are redeveloping a 150-year-old refinery site – that was once the largest single source of pollution in the city – into a life science campus and a hub for e-commerce in collaboration with the local community.
What makes HRP different is our approach to the projects we take on. We developed a process that prioritizes best-in-class environmental practices, community engagement, and local economic development.
Here’s what that means:
- Our sites are remediated to high environmental standards. This means recycling as much material on site as possible, in some cases recycling nearly 98 percent of old materials, and coordinating with local officials to reduce our environmental footprint.
- We support local economies and communities by bringing new, local jobs and revenue to properties that have decayed over decades.
- We remain connected to the community through open dialogues, civic participation, charity, and neighbor-centric planning to ensure each site is responsive to the needs of residents.
At HRP, we take on complex and challenged sites and transform them into green economic engines for the community – allowing us to set the new standard for redevelopment. This standard, rooted in sustainability, is what we aim for on every project.
In some cases, this means a 21st century logistics hub supporting green commerce and transportation goals. In others, it may be a mixed-use development with affordable housing and retail.
In every case, it means a greener environment, more jobs, and stronger communities. And we hope others will join us in meeting this standard.
