The twin smokestacks of the old Edison Power Plant have lorded over the South Boston waterfront for decades. Redgate is partnering with developer Hilco Global to redevelop the decommissioned power plant at South Boston’s eastern gateway. The two companies purchased the 15-acre site from energy company Exelon Corp. in April 2016 for $24M. “The anticipation of what could go there made this a profound opportunity.”The site dates back to the late 1800s when it first opened as a coal power plant. It went through stints over more than a century generating oil power and eventually natural gas.

Source: Forbes May 04, 2017 19:07 UTC