{"id":1004650097,"date":"2023-03-08T04:31:30","date_gmt":"2023-03-08T12:31:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004650097"},"modified":"2023-03-08T04:32:54","modified_gmt":"2023-03-08T12:32:54","slug":"major-tampa-mixed-use-development-breaks-ground","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/","title":{"rendered":"Major Tampa Mixed-Use Development Breaks Ground"},"content":{"rendered":"
\"Gas

Gas Worx rendering. Image courtesy of KETTLER<\/em><\/p><\/div>\n

A joint venture between Darryl Shaw <\/strong>and KETTLER <\/strong>has broken ground on Gas Worx, a 50-acre mixed-use development in the historic Ybor City neighborhood of Tampa, Fla.<\/p>\n

The new development is set to include more than 500,000 square feet of office space, along approximately 140,000 square feet of retail space and 5,000 residences.<\/p>\n

Plans for the development, named after a gas works plant, include restoring the street grid and adding in additional outdoor green spaces. Other community benefits planned for the project are miles of reconstructed sidewalks, new CSX rail crossings and multi-use trails.<\/p>\n

Situated between the Ybor Historic District and the Channel District, the project\u2019s tenants are in proximity to dining, entertainment and retail options. Located northeast of downtown Tampa, the Ybor Historic District has historical experiences and attractions centered around its Cuban and cigar manufacturing history. The Channel District features boating docks, the Amalie Arena and the Sparkman Wharf.<\/p>\n

In prepared remarks, Bob Kettler, CEO of KETTLER, said that the project is committed to protecting and enhancing Ybor City\u2019s history.<\/p>\n

The development’s residential component will also include more than 300 units of affordable housing. An initial phase of 317 apartments is scheduled for delivery in 2024.<\/p>\n

Tampa’s office market remains stable<\/h2>\n

As of the end of 2022, Tampa’s office market saw a negative absorption of 252,119 square feet year-over-year, according to a recent Avison Young<\/em> report<\/a>. Nevertheless, Tampa’s direct asking rents for office space saw a 3.9 percent increase on the same year-over-year basis, demonstrating the area\u2019s market stability.<\/p>\n

Other recent office activity in Tampa includes the sale of the Bridgeport Center, a 180,247-square-foot Class A property. An entity connected to America\u2019s Capital Partners sold the building<\/a> to a joint venture for $40 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plans call for more than 500,000 square feet of office space, as well as retail offerings and a multifamily component. <\/p>\n","protected":false},"author":3006,"featured_media":1004650098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21752,21742,21747,21749,32781,1612],"tags":[41435],"class_list":["post-1004650097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-mixed-use","category-latest","category-office","category-retail","category-southeast","category-tampa","tag-kettler"],"acf":[],"yoast_head":"\nMajor Tampa Mixed-Use Development Breaks Ground - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The joint venture Darryl Shaw and KETTLER development will feature more than 190,000 square feet of office and retail space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Tampa Mixed-Use Development Breaks Ground\" \/>\n<meta property=\"og:description\" content=\"The joint venture Darryl Shaw and KETTLER development will feature more than 190,000 square feet of office and retail space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-08T12:31:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-08T12:32:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cam_Warehouse_Page20_V01_NoLogo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/\",\"name\":\"Major Tampa Mixed-Use Development Breaks Ground - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cam_Warehouse_Page20_V01_NoLogo.jpg\",\"datePublished\":\"2023-03-08T12:31:30+00:00\",\"dateModified\":\"2023-03-08T12:32:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"The joint venture Darryl Shaw and KETTLER development will feature more than 190,000 square feet of office and retail space.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/major-tampa-mixed-use-development-breaks-ground\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cam_Warehouse_Page20_V01_NoLogo.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cam_Warehouse_Page20_V01_NoLogo.jpg\",\"width\":800,\"height\":620,\"caption\":\"Gas Worx rendering. 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