The now-closed, shocking-pink power plant at the northeast corner of L/Summer and First Streets was once most commonly known as “the Edison,” especially among long-term South Boston residents. Its most recent previous owner was Exelon. For several years before its complete shutdown, the Power Plant was used as a part-time back-up to handle unexpected peak-load demands.
This site is now in the hands of a partnership we will call “Redgate/Hilco,” which was actually formed by two developers whose names are Hilco Redevelopment Partners and Redgate Capital Partners. This partnership brings together talents in historic preservation, community adaptation, and effective reuse of industrial sites. The individual in charge of this joint development is Ralph Cox, who is a Redgate Principal. For approximately the last two years, Cox has been spearheading a mixed use redevelopment for the 15-acre site, using a series of community meetings along the way to gain input for an overall project design that is acceptable to South Boston.