Hilco to Redevelop Former Coal-Fired Power Plant in Alexandria

Hilco Redevelopment Partners (HRP) has acquired the 20-acre Potomac River Generating Station in Alexandria. The former coal-fired power plant was decommissioned in 2012 and remains one of the largest industrial sites in the City of Alexandria.

In an agreement negotiated with Potomac Electric Power Company (Pepco), HRP has acquired the site including the fee simple interest and leasehold interest, which was previously under a long-term ground lease. Pepco will retain a property interest on a portion of the site where it will continue to own and operate an electrical substation.

“We’re excited for the opportunity to redevelop the old Potomac River Generating Station site,” said Roberto Perez, CEO at HRP. “Hilco Redevelopment Partners is committed to remediating this extraordinary site to the most current environmental standards and transforming it into a new and exciting development that will best serve the community and create economic growth and opportunity for all stakeholders.  We approach every redevelopment opportunity in a way that is sustainable for the environment, sustainable for the community and sustainable for jobs. Alexandria will be no exception.”

For comments, questions or concerns, please contact David Cohen