Ybor Ventures LLC, managed by JPRE Development LLC and led by Channelside developer Joshua Pardue, bought two properties in Ybor City in August 2025.
The purchases total $7.45 million and show continued interest in Ybor’s east side near Gasworx.
County records show JPRE paid $1.6M for the Pete’s Bagels building at 1804 E 4th Ave and $5.85M for a two-story mixed-use office building at 1213 E 6th Ave. Developer Darryl Shaw sold both properties.
What we know
The Pete’s Bagels property was built in 2022 and includes restaurant and retail space near Angel Oliva Sr. Street. The seller, Ybor Pedroso LLC, developed the site and had invested approximately $950,000 before the sale.
Pardue purchased 1213 E 6th Ave from 1213 East 6th Ave LLC, which is managed by Ybor City Holdings and Darryl Shaw. The $5.85M sale was recorded in a warranty deed prepared by Fuentes & Kreischer P.A
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The site includes a 27,700-square-foot mixed-use office building and a smaller warehouse. The property spans four lots in Lesley’s Subdivision and provides part of two vacated rights-of-way, according to county records.
Local investment momentum
A source close to the deals said JPRE continues to invest in Ybor and has more properties under contract. The firm’s goal is to enhance properties in the Gasworx area and support the work of Kettler and Casa Ybor.
Both sites are within a 5-minute walk of Gasworx. The proximity connects the historic district with Channelside and Water Street, continuing Ybor’s eastward expansion.
The mix of large developers, such as Shaw, and local investors, like Pardue, demonstrates how Ybor’s next phase of development is being shaped through collaboration and long-term commitment.
What this means for you
For brokers and investors, these sales confirm strong demand for Ybor’s small and mid-size commercial assets.
- Mixed-use buildings east of 15th Street are gaining value
- Properties near Gasworx are attracting investors
- Local operators like Pete’s Bagels continue to help stabilize the area
For business owners, the sales show confidence in Ybor’s future as a walkable and connected community.
Takeaway
With two purchases totaling $7.45M, JPRE Development has become one of Ybor’s most active new investors. The company’s strategy supports Ybor’s next chapter of growth through local ownership and steady reinvestment.