Gas Worx is a joint venture between the former BluePearl CEO Darryl Shaw and Kettler, a Washington DC based real estate firm. Gas Worx hopes to reconnect Ybor City to the Chanel District neighborhood, which includes Water Street, which is entering the second phase of development. Gas Worx proposes a residential complex to replace the Tampa Park Apartments, as well as a park (with city approval), replacing a roundabout near Channelside Drive and Parkside Ave. The project spans 50 acres and would be the home to 5,000 residents along with an abundance of stores, restaurants, and office space. Gas Worx has been praised by Water Street Developer Jeff Vinik. Vinik describes Gas Worx as the “latest example of Tampa Bay’s push to become a national magnet for young professionals in search of an urban, green space to live where they work – with plenty of entertainment options close at hand.” 

Gas Worx will include the restoration of a 1950’s warehouse that is 70,000 SF that could find new purpose as a food hall, brewery, market, or even include office space. The project in its entirety will include 5,000 residential units, over 500,000 SF of office space, and more than 140,000 SF of retail space. 325 units of affordable housing will also be included in Gas Worx. Shaw is committed to preserving Ybor’s rich history while providing a diverse mix of housing, retail, and office spaces.  Rezoning requests for Gas Worx were approved in August 2022, and construction is projected to start in fall 2022.

Information Source: Tampa Bay Times - Charlie Frago, Tampa Bay Business Journal - Ashley Gurbal Kritzer