Public Service Enterprise Group Inc. subsidiary PSEG Power LLC announced the sale of the sites of its retired Hudson and Mercer generating stations in New Jersey to Hilco Redevelopment Partners LLC.
The coal-fired power plants were built in the 1960s and permanently retired in June 2017. Hilco plans to redevelop the sites into industrial parks, according to a Jan. 9 company news release.
Hilco had acquired the retired Boston power generating station from Exelon Corp. and is converting the site into a multiphase, mixed-use redevelopment, including residential, hotel, office and retail components.
Hilco also acquired the decommissioned Crawford facility from NRG Energy Inc. in Chicago and is redeveloping it into a 1 million-square-foot warehouse and distribution center. The site was rebranded in 2018 as Exchange Station, and the project is scheduled to be completed in early 2020.