Gasworx’s developer, a joint venture between KETTLER and Darryl Shaw, is pleased to announce a major milestone in developing its Phase II project, set to redefine the landscape of southwest Ybor City. The visionary redevelopment project will soon welcome Grow Financial Federal Credit Union as the first tenant, leasing a substantial 50,000 square feet of prime office space for its new headquarters.
Mayor Jane Castor, an enthusiastic supporter of Gasworx, expressed her excitement, saying, “We are thrilled to welcome Grow Financial to Gasworx in Ybor City. This decision further demonstrates the overall confidence in our vibrant and growing urban core. We look forward to the positive impact they will have on our local economy, as well as the unique contributions they will bring to the Ybor City community.”
Gasworx’s Phase II will encompass three city blocks strategically located between 2nd and 5th Avenues, Channelside Drive, and Avenida Republica de Cuba (14th Street). This transformative phase of the project will introduce an impressive array of offerings, including 500 residential apartments, 100,000 square feet of class-A office space, and 85,000 square feet of dynamic retail spaces. A significant aspect of this development involves the conversion of an existing 30,000-square-foot warehouse into restaurants and market space, further enhancing the vibrant character of Ybor City.
The lease agreement with Grow Financial encompasses two floors of the upcoming office building, with the credit union also taking retail space on the first floor along 4th Avenue. Doug Bartley of Commercial Advisory Services, LLC, represented Grow Financial in the lease transaction, while Gasworx handled its representation. Construction is slated to commence in mid-2024, with an anticipated completion date by the end of 2026.
Darryl Shaw, one of the visionary minds behind Gasworx, commented, “Pre-leasing half of the first building at Gasworx is further testament to the pent-up demand for both residents and businesses to be centrally located, in a walkable, streetcar-accessible neighborhood that is part of the larger Ybor City community.”
Bob Kettler, Founder and CEO of KETTLER, stated, “We are excited to be embarking on the next phase of Gasworx, which will truly start delivering the placemaking and amenities central to a vibrant community. Office workers will bring daytime foot traffic to support the critical mass of retail proposed at the heart of the development.”
Gasworx Phase II is set to elevate the Ybor City community, bringing fresh vitality and opportunities to the heart of this historic district. This lease agreement with Grow Financial is just beginning an exciting journey for Gasworx, Ybor City, and all who will call this vibrant neighborhood home.
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