Darryl Shaw set to purchase land between Ybor and Port Tampa Bay

North end of Port Tampa Bay to see redevelopment from Darryl Shaw

Darryl Shaw, the developer behind Gas Worx has his eyes set on a 25-acre ship repair site and the north end of Port Tampa Bay. The property would be purchased in two phases over the next five years. The first phase would include the north and west sides of the port as International Ship Repair relocates its operations as well as their 300 employees.

The site is the largest part of Channel District land that is a part of the port but not owned by Port Tampa Bay. Shaw’s vision for the port property is said to take after The Wharf in Washington, DC. In 2007, a Clearwater developer received approval to build condos, office space, and retail on the site but the deal later fell through during the recession. Shaw, who is the former CEO of BluePearl and has acquired nearly $100 million worth of land in Ybor doesn’t face the same financial challenges as some developers would. The site was also pitched as a site for a new Tampa Bay Ray’s stadium.

Information Source: Tampa Bay Times - Jay Cridlin, Sue Carlton

Images: Google Earth, Hillsborough County Property Appraiser

For more information regarding the Tampa Office Market or for analysis and valuation services contact:

Mike Cliggitt, MAI, MRICS, CCIM

813-405-1705 - Direct Line

findvalue@cliggitt.com

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