The site of the former Philadelphia Energy Solutions oil refinery in South Philadelphia will officially be called the Bellwether District.
Hilco Redevelopment Partners, which reallocates the 1,300-acre property, announced the rebranding on Monday as it continues to reallocate the old refinery into a state-of-the-art multimodal logistics facility to move goods and services from around the world . world.
The 150-year-old property, located near 26th Street and Penrose Avenue, encompasses 2% of the city’s total land mass and will soon be home to local businesses. It is expected to create 19,000 permanent jobs over the next 15 years and pave the way for long-term professional opportunities for Philadelphia and the residents of the surrounding area.
Bellwether, defined by Merriam-Webster as “whoever takes the lead or the initiative,” describes the company’s goal of reaffirming Philadelphia as an innovator and the maker of many firsts for the country.
With a slogan of “Next Starts Here”, the District of Bellwether aims to transform property to create business and employment opportunities for residents.
âNowhere does the story of re-creation and re-imagination play out more dramatically than here in the Bellwether neighborhood of Philadelphia,â Roberto Perez, CEO of HRP, said in a statement. âThe Bellwether District is a thoughtful, holistic reinvention of post-industrial property into a cleaner, greener and more sustainable workplace for generations of people and businesses.
With the creation of the Bellwether neighborhood, four new city streets will be created and two of them will pay tribute to African Americans in Philadelphia, including James Forten, businessman and abolitionist from Philadelphia, and Frances Harper, the one of the first African American women to be released in the United States
Officials say the Bellwether District will continue Hilco’s newly created outreach traditions.
Since acquiring the property in June 2020, Hilco has donated over 3,000 winter coats and accessories to local families; participated in many city clean-up days to collect garbage; and donated 1,000 turkeys in partnership with city council.
HRP has also established the Career Connected Learning System with the Philadelphia School District, welcoming 40 students into its internship program, which focuses on professional technical and educational projects.