
Hilco Redevelopment Partners and Redgate Capital Partners have received approval from the Boston Planning and Development Agency to move forward with a mixed-use redevelopment on the site of the former Edison Power Plant in South Boston.
Originally constructed in 1898 at the corner of Summer Street and East First Street, the former coal-fired power plant operated for more than a century before being decommissioned in 2006. Hilco and Redgate acquired the site in 2016 and have undertaken a robust multi-year community planning and review process. The redevelopment will reuse four historically significant turbine halls and create approximately 1.68 million square feet of mixed-use development situated on 15.2 acres of land along the Reserved Channel. Plans include nearly six acres of open space throughout the site, including a new 2.5-acre public park along the waterfront.
“This milestone marks a years-long community review process, throughout which our plans for the redevelopment were revised and improved,” said Ralph Cox, principal at Redgate Capital.
“We are thankful for the thoughtful feedback from South Boston residents, elected officials, community advocates and neighbors who have long imagined the potential of the vacant site,” added Ben Spera, partner at Hilco Redevelopment Partners.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.