Latest news with #DarrylShaw
Yahoo
26-04-2025
- Business
- Yahoo
Ybor City developer said there's no room for Rays stadium on its site
As the Tampa Bay Rays continue their search for a new home, Tampa's Ybor City — with its lively nightlife and historic charm — has been floated as a possible contender. But a developer who controls a huge chunk of land in the neighborhood said there's no longer space for a ballpark on its site. About 50 acres bordering Ybor City and the Channel District are being transformed into Gasworx, a mega development headed up by Tampa business mogul Darryl Shaw and Virginia-based real estate firm Kettler. Once completed, it will include dining, shopping, offices and thousands of apartments. But 'unless the Rays can build a very tiny stadium,' a ballpark isn't in the cards, Graham Tyrrell, Kettler's managing developer of Florida, told reporters at a tour of the site Friday. Plans have already been approved to add six buildings across the property, he said. 'We've gone past the point where we could include a stadium within Gasworx.' Still, Tyrell noted that building a stadium elsewhere in the neighborhood would be a great amenity for Tampa. He went on to outline the progress that's been made on the Gasworx site so far, and what was still to come. In November, La Unión Residence & Social Hall, the neighborhood's first apartment building, opened, adding 317 residential units. Last month, construction crews topped out on a seven-story mixed-use building that will include 390 residential units, retail space and 482 parking spots. Those apartments will become available in January. Next up, construction crews are working to build: A new TECO streetcar stop A 1-acre park A pedestrian-only paseo A five-story building with 140 residential units, mainly one-bedrooms and 18,000 square feet of retail space. A 28,000-square-foot warehouse that will be repurposed into a market with restaurants, retail and indoor and outdoor seating. A 100,000-square-foot office building connected to the warehouse is set to become the future headquarters of Grow Financial Federal Credit Union. A 10-story residential building with 376 units and 29,000 square feet of retail space. Those elements are expected to be completed by early 2027. This is just the first phase of development. When all is said and done, Gasworx will add 5,000 residences, 500,000 square feet of office space and 150,000 square feet of retail. Tyrell said the goal of the project is to create a walkable community with plenty of public amenities that connects Tampa's urban core. 'You've got downtown Tampa, you've got Ybor City — which is the jewel of Tampa — and it's exactly between those two. If you can fill in that gap with well-curated development, suddenly you've kind of knitted together everything and it becomes a really meaningful place for people.'
Yahoo
21-03-2025
- Business
- Yahoo
As Tampa's Gasworx rises, here's what's in store for the development
It's been two years since crews broke ground on Gasworx, a 50-acre mega-development wedged between Ybor City and the Channel District in Tampa. Gasworx is the brainchild of Tampa businessman Darryl Shaw, a longtime champion of Ybor City who wants to elevate the historic district from a place known mainly for drinking and debauchery to a fully walkable neighborhood with all the amenities of a modern city. He's partnered with Washington, D.C.-based developer Kettler and more recently brought on PPF group out of Prague to bring that vision to life. Once completed, the project will include 5,000 residences, 500,000 square feet of office space, and 150,000 square feet of retail. Last month, the developers secured a $182 million construction loan from Bank of OZK to accelerate the first phase of the project. As construction plows ahead, here's a rundown of what's happened so far, what's to come, and when it will all be completed. In November, La Unión Residence & Social Hall, the neighborhood's first apartment building, opened, adding 317 residential units. Prices range from $1,780 to $3,581 a month, according to La Union is now 46% leased and leasing has begun on retail space within the site, Kettler's Managing Director of Florida, Graham Tyrrell, wrote in an email. Earlier this week, construction crews topped out on seven story mixed-use building that will include 390 residential units, retail space and 482 parking spots. Those apartments will come online in January. 'Together with La Union, a new section of East 4th Avenue is now defined, and future residents and neighbors alike will enjoy direct, walkable access to Gasworx's retail, restaurants, and marketplace, along with new park space and a new TECO Streetcar stop,' Tyrell stated in a media release. Infrastructure work to connect the street grid has already begun. Work on the park, trails and streetcar stop is still several months out. Construction on what the developers are calling the 'E blocks,' will start in the coming weeks. The first component is 5-story building with 140 residential units, mainly one-bedrooms and 18,000 square feet of retail space. Next is the centerpiece of the entire development, a 28,000-square-foot warehouse that will be repurposed into a market with restaurants, retail and indoor and outdoor seating. A 100,000 square-foot office building connected to the warehouse is set to become the future headquarters of Grow Financial Federal Credit Union. The final block will feature a 10-story residential building with 376 units and 29,000 square feet of retail space. The E-bocks will be completed in late next year and into early 2027.
