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Hilco Redevelopment Partners Commences Vertical Construction at Logistics Campus of The Bellwether District

PHILADELPHIA, PA — Hilco Redevelopment Partners (HRP) has commenced installation of the first concrete panels at The Bellwether District, marking a key milestone in vertical construction of the site's expansive development. The first phase of development will include two buildings, totaling approximately 1 million square feet.

Since the project's October 2023 groundbreaking, HRP continues to transform the former industrial site in South Philadelphia into an innovation, manufacturing, and logistics campus. Structural steel construction of a 325,659-square-foot building will start in late April and is expected to be the first to be completed by the end of 2024. The Bellwether District will provide South and Southwest Philadelphia a cleaner environment, more economic opportunity and, ultimately, a stronger community.

"The entire HRP team is excited to see the vision of The Bellwether District transforming into reality," HRP CEO Roberto Perez said. "This is a generational opportunity for the city that started it all, and we are proud to contribute to Philadelphia's ongoing development."

Plans are also underway to commence construction on a second structure, a 727,272-square-foot Class A industrial building currently in its final permitting stages. With rough grading of the building pad nearing completion, vertical construction is expected to begin in the middle of 2024.

In addition to vertical construction, HRP will begin work on significant infrastructure improvements to provide unprecedented access to The Bellwether District and surrounding transportation assets, including PhilaPort and the Philadelphia International Airport. These ongoing enhancements will strengthen access to surrounding infrastructure, creating new opportunity for an array of industries and users.

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"We are building The Bellwether District to become an ecosystem for businesses to call home, innovate, grow, and create jobs," HRP Chief Investment Officer Andrew Chused said. "Bringing industry and opportunity to South and Southwest Philadelphia in a cleaner and more sustainable manner benefits our neighbors, the city, and the region, and HRP is thrilled to be a part of that mission."

The Bellwether District is a redevelopment project on the former Philadelphia Energy Solutions refinery site and will be home to an estimated 14-million-square-foot campus designed to accommodate companies across multiple industries. The project is poised to strengthen Philadelphia's position as a life science and innovation hub while also bringing supply chain logistics, manufacturing, cold storage, port, and rail uses to an area near transportation infrastructure that allows access to 47 million consumers within a four-hour drive. The Bellwether District is projected to create 19,000 permanent jobs, serving as a driver of economic development for the city, region, and surrounding communities.

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