Dear Philadelphians,

We’d like to introduce ourselves as your new neighbor. Hilco Redevelopment Partners recently acquired the Philadelphia Energy Solutions (PES) Refinery in Southwest Philly.

We are looking forward to collaborating with state, city and community leaders and organizations to create an extraordinary new development that will result in an environmentally responsible and economically revitalized future.

For over 150 years the PES refinery stood at the doorstep of Philadelphia.  Now, a fresh vision for the industrial site will be realized, resulting in one of the largest and most strategically significant multi-modal logistics hubs in the country that leverages the site’s unparalleled infrastructure and location.

As an economic hub, the project’s 1,300 acres, the total size of Philadelphia’s Central Business District, offers incredible potential. Sitting within a six-hour drive of one-third of the American population, this multi-year project will generate jobs and rely heavily on local unions and trades during the redevelopment phase. The companies that will eventually locate at this new development will generate thousands of new permanent jobs according to initial economic studies.

We are committed to a long-term redevelopment of this important piece of Philadelphia history just as we have done in other cities across America. In 2012 we conceived the initial vision to redevelop the 3300-acre bankrupt Bethlehem Steel Mill site in Baltimore, Maryland, which closed after 125 years of operation. In its place today stands Tradepoint Atlantic, a state-of-the-art tri-modal logistics complex that currently employs more than 8,500 people and helped to revitalize the local economy.  It is estimated that by 2025 it will account for as much as 1% of Maryland’s GDP.

Of course, this type of transformation is not easy. There will be shared challenges along the way. We are here for the long haul and we look forward to serving as a good corporate citizen and an active community member.

While this immense project is just beginning, we are honored to be a part of the great story of Philadelphia.