Construction Progresses on Gas Worx Project in Ybor City

Categories: Business NewsConstructionNewsReal Estate & Properties

Construction is underway for the ambitious Gas Worx project in Ybor City.

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News Summary

The Gasworx project is making significant strides in Ybor City, transforming the area with new residential and commercial developments. Set to cover 6 million square feet, the project is poised to bring 1,250 residential units and 100,000 square feet of office space, revitalizing the community. Local businesses anticipate an influx of customers, while community involvement remains a priority for the developers. With plans for more than 5,000 apartment units, Gasworx aims to meet housing demand and create job opportunities, ensuring a vibrant future for Ybor City.

Construction Progresses on Ambitious Gas Worx Project Aimed at Revitalizing Ybor City

In the heart of Ybor City, big things are happening! The long-awaited Gasworx project, which broke ground over two years ago, is making strides that locals have been eagerly anticipating. This massive development is not just another construction site; it’s a vision to breathe new life into Ybor City and create seamless connections to downtown Tampa.

What is Gasworx?

Gasworx is set to cover an impressive 6 million square feet of space, nestled between the historic Ybor City and the bustling Channel District. This exciting venture is a collaboration between Kettler and Daryll Shaw, both of whom have ambitious plans for transforming this area. The community can expect the project to unfold over the next couple of years, bringing along a wave of new residents, businesses, and opportunities.

A Glimpse of Progress

As construction continues, the neighborhood is already getting a taste of the future. An apartment complex within Gasworx has opened its doors to residents, showcasing just one aspect of what this development has to offer. Additionally, a mixed-use building has topped out, which promises nearly 400 residential units, retail spaces, and ample parking. In total, this phase of the project is expected to introduce about 1,250 residential units, alongside 100,000 square feet of office space and 105,000 square feet of retail.

Local Business Excitement

Local business owners are buzzing with excitement over the Gasworx project, eager for the potential influx of new customers that it promises. Many hope that this reinvigoration will not only draw visitors but also add a fresh energy to Ybor City. The influx of people is expected to provide a much-needed boost for many local shops and restaurants, fostering a vibrant community atmosphere.

Community Engagement Matters

As the Gasworx project evolves, one of its key focuses will be listening to the voice of the community. Stakeholders understand that community involvement is essential in making a project successful and ensuring it meets the needs of local residents. Engaging in dialogue with the public helps in shaping a development that balances growth with the historical charm of Ybor City.

Future Developments on the Horizon

In some intriguing news, there’s a discussion about relocating the Hillsborough County Sheriff’s Office headquarters to Brandon. This proposed land swap could free up space in Ybor City, allowing for further expansion and development. The relocation is anticipated to yield a substantial $100 million in savings by acting now rather than waiting for a future move.

The current headquarters occupies about 8.33 acres in Ybor City, and relocating to a more spacious 24-acre site would mean modern facilities and the potential for significant growth. With this move, opportunities for residential and commercial redevelopment in Ybor are on the table, further enhancing connectivity and rejuvenating the historic street grid.

What Can We Expect Long-Term?

The Gasworx project is ambitious, with plans to eventually encompass around 50 acres and include 5,000 apartment units, over 500,000 square feet of office space, and 140,000 square feet of retail. The construction will feature three to four-story buildings to maintain the area’s historical essence while introducing taller structures as you approach the Selmon Expressway.

Tampa’s leadership has expressed that Gasworx aims to not only meet the growing demand for housing but also generate high-paying job opportunities for residents. It’s an exciting time for Ybor City as the community awaits what promises to be a ten-year transformative journey into a vibrant, interconnected urban area. With construction costs projected in the billions, there’s no doubt that Gasworx will make a lasting impact on the region.