The Gasworx redevelopment, in Ybor City, has secured a $182 million construction loan from Bank OZK, advancing work on three key parcels in the 50-acre project. The financing will fund development on blocks E1, E2 and E3, which include residential, retail and office space. Prague-headquartered PPF Group has joined KETTLER and local developer Darryl Shaw as a partner in this phase.
“The partnership with PPF Group and the support from Bank OZK marks a pivotal moment in the Gasworx journey,” said Bob Kettler, founder and chief executive officer of KETTLER.
Gasworx aims to connect Ybor City with downtown Tampa through a walkable, mixed-use district featuring 5,000 residences, 500,000 square feet of office space and 150,000 square feet of retail. The project emphasizes pedestrian and bike accessibility, green spaces and a repurposed warehouse marketplace.
Development details
E1 Block: A five-story building with 140 residential units and 18,000 square feet of retail.
E2 Block: A 28,000-square-foot marketplace inside a converted warehouse, alongside a 100,000-square-foot office building that will house Grow Financial’s headquarters.
E3 Block: A 10-story building with 376 residential units and 29,000 square feet of retail, featuring a rooftop pool, fitness center and clubroom.
Construction is set to begin in early 2025, with completion expected between late 2026 and early 2027.