Darryl Shaw closes on property surrounding Ybor Channel at Port Tampa Bay
Darryl Shaw has closed on the sale of 1 acre on the northern tip of the Ybor Channel that is adjacent to the Lee Roy Selmon Expressway and Adamo Drive for $1.2 million. The address of the site is 1705 E Adamo Dr. Shaw acquired the property from J.H. Williams Oil Co., and is under contract to purchase 25 acres from International Ship Repair & Marine Services Inc. The sale will close in phases with vacant land west and north of the Ybor Channel closing in the first half of 2023. The rest of the land could take up to five years to close as the business has made the transition contingent as they make efforts to relocate the ship repair business and preserve maritime jobs.
Shaw unveiled intent to purchase the land to develop it into a waterfront neighborhood back in August. The Wharf, in Washington, D.C. is one of the many inspirations Shaw has taken for the project. More information can be found in our previous blog here: Darryl Shaw set to purchase land between Ybor and Port Tampa Bay
The parcels Shaw is under contract to purchase are the largest part of the Channel District that is a part of the port but not owned by Port Tampa Bay. The site has previously been pitched as a future site for a new Tampa Bay Ray's stadium. Shaw owns over $100 million of land in Ybor and is working to redevelop the area while paying homage to Ybor's historic roots. Since the remaining land could take years to close, we may see some changes as to what Shaw envisions for the area surrounding the port.
1705 E Adamo Dr. is referenced as Parcel ID #A-18-29-19-4WX-000002-00001.0 Shaw confirmed the sale to Tampa Bay Business Journal on 11/30/2022. At time of publishment, the sale record was not available on the property appraiser website.
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