News Summary
Ybor City has secured a $182 million loan for the Gasworx redevelopment project, set to transform the area into a vibrant mixed-use community. Spanning 50 acres, the project will include residential, retail, and office spaces, with 5,000 residences and significant amenities such as green spaces and pedestrian accessibility. Construction begins in early 2025, promising a bustling environment by late 2026 or early 2027, in partnership with several developers and local companies.
Exciting Times Ahead for Ybor City with Gasworx Redevelopment Project!
Ybor City, a vibrant neighborhood known for its rich history and culture, is buzzing with excitement as the Gasworx redevelopment project has just secured a whopping $182 million construction loan from Bank OZK. This is fantastic news for the area, as it looks to transform and connect Ybor City to downtown Tampa in a big way!
A Grand Vision Unfolds
The Gasworx project is no small feat, spanning a massive 50 acres and aimed at creating a lively mixed-use community. Planners envision development across three main parcels known as E1, E2, and E3, which promise to bring a blend of residential, retail, and office spaces. It doesn’t get much better than that!
What to Expect
When complete, Gasworx will boast an impressive total of 5,000 residences, a staggering 500,000 square feet of office space, and 150,000 square feet of retail. It sounds like a bustling little city within a city! And if you’re someone who appreciates getting around on foot or by bike, you’ll love that this development emphasizes pedestrian and bike accessibility, along with beautiful green spaces.
Breaking Down the Blocks
Let’s delve into the finer details of this revitalization project. The E1 Block is where you’ll find a charming five-story building housing 140 residential units along with 18,000 square feet of retail space. Talk about convenience!
In the heart of the project is the E2 Block, which will feature a nifty 28,000-square-foot marketplace created from a converted warehouse, plus a grand 100,000-square-foot office space earmarked for Grow Financial’s headquarters. A perfect blend of work and play!
Last but certainly not least, the E3 Block is set to impress with a fantastic 10-story building containing 376 residential units and 29,000 square feet of retail space. Residents will be welcomed with a fantastic rooftop pool, a fitness center, and a cozy clubroom to socialize. Sounds like living the dream!
Timeline and Partnerships
Construction is slated to kick off in early 2025, with the finished product exuded to welcome residents and businesses by late 2026 or early 2027. Joining forces with PPF Group from Prague, along with local developer Darryl Shaw and KETTLER, signifies a new era for Gasworx and the Ybor area. This collaboration is being hailed as a significant milestone in the journey of this ambitious project.
Other Noteworthy Developments in the Area
An exciting tidbit for tech enthusiasts: Medability GmbH has decided to stride into Tampa territory by setting up its U.S. headquarters in downtown, leasing a shiny 1,600 square feet at 1000 N. Ashley Drive!
Celebrations and Recognition
In community news, Junior Achievement of Tampa Bay is gearing up to celebrate its 60th anniversary on March 6 at the JW Marriott Water Street Tampa. Meanwhile, the area is making strides in the culinary world as St. Pete-Clearwater is set to be recognized in the MICHELIN Guide’s 2025 restaurant selection.
And let’s not forget about transportation! The Hillsborough County Aviation Authority has chosen to designate Delta Air Lines as the anchor tenant for the future $1.5 billion Airside D project at Tampa International Airport, scheduled to open in 2028.
Ybor City is undergoing a sensational transformation! With the Gasworx project leading the way, it promises to be an exciting time in the neighborhood. Stay tuned for more updates as the wheels begin to turn!
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Additional Resources
- TBBW Magazine: Gasworx Secures Loan for Ybor City Redevelopment
- Wikipedia: Ybor City
- Multi-Housing News: Kettler Lands $182M for Gasworx Expansion
- Google Search: Gasworx Redevelopment
- Business Observer: European Firm Interest in Gasworx
- Google Scholar: Gasworx Project
- Business Observer: Gasworx Project Update
- Encyclopedia Britannica: Ybor City
- St. Pete Catalyst: New Secure Office Building Coming to Ybor City
- Google News: Gasworx Redevelopment
- Business Observer: Apartment Community at Gasworx
