Hilco Redevelopment Partners (HRP) has begun the first phase of The Bellwether District, a 1,300-acre redevelopment project in South Philadelphia. The former Philadelphia Energy Solutions refinery will be transformed into an innovation, e-commerce, and logistics campus. HRP expects the project to create 19,000 permanent jobs and 28,000 construction jobs over the next 10-15 years. The campus will be divided into two areas, with 250 acres for innovation and 750 acres for industrial and logistics facilities. HRP also plans to invest in local workforce development programs in Philadelphia.
Frequently Asked Questions
Q: What is the Bellwether District and what is its purpose?
A: The Bellwether District, developed by Hilco Redevelopment Partners, is a 1300-acre site located in Southwest Philadelphia. It is planned to be transformed into an economic hub for logistics, e-commerce, and the life sciences. The district aims to attract businesses and create jobs in the region. It includes initiatives such as the Keystone Opportunity Zone (KOZ) Program, which supports economic and community development. [Source: Hilco's redevelopment of Southwest Philly refinery site to be called Bellwether District - PhillyVoice]