Gas Worx to break ground in March
Gas Worx, a joint venture between developer Darryl Shaw and Washington D.C. based Kettler, is set to break ground on March 6th. The development will span 50-acres and when completed will around 5,000 residences, over 500,00 square feet of office space, and more than 140,000 square feet of retail. The first apartment development will have 317 units and is set to be complete in 2024. The developers secured a $67.4 million construction loan in October 2022 from Valley National Bank for the apartments.
In a statement, Kettler’s Senior Vice President, Graham Tyrell, said “When completed, Gas Worx will be one of the most walkable neighborhoods in Tampa, with priority given to pedestrians and bike traffic while adding needed greenspace in the city’s urban core.” The development will honor Ybor’s rich history and connect surrounding neighborhoods.
For a more in-depth look at the Gas Worx project read our previous blog here.
Thank you for your interest. For appraisal and valuation services in the Ybor City area please contact:
Mike Cliggitt, MAI, MRICS, CCIM
813.405.1705 - Direct Line
Source: Tampa Bay Business Journal
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