Home News Darryl Shaw to buy, develop 25 acres between Ybor City, Port Tampa Bay

Darryl Shaw to buy, develop 25 acres between Ybor City, Port Tampa Bay

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For years, one of the hottest plots of land between Ybor City and Tampa’s Channel District was a 25-acre private property at the northern end of Port Tampa Bay, just south of the Lee Roy-Selmon highway.

This site may finally get a buyer.

Darryl Shaw, a veterinary entrepreneur turned Ybor City real estate investor, has signed a deal to buy land occupied by International Ship Repair and Marine Services, a spokesperson said Wednesday.

The three-lot property will be purchased in two phases over the next five years. The first covers the north and west sides of the Yball Sound Ship Repair Yards and may close in late 2023. Terms of the deal were not disclosed.

“The site will be the pinnacle of the Channel District, enhancing connectivity between the City of Ybor and the surrounding community, and providing public access to the waterfront within a vibrant mixed-use area,” Shaw said in a statement. “We look forward to continuing to work with Tampa’s maritime community, which is a cornerstone of Tampa’s economy and history and supports 85,000 vital jobs.”

Related: Darryl Shaw is not afraid to take risks. His greatest potential lies in Ybor City.

The land is owned by a company controlled by longtime International Ship Repair owner and influential port figure George Lawton, who died in July. The sale is managed by a trust in his name. A representative for the trust did not respond to a request for comment Wednesday afternoon.

There are significant hurdles to transitioning the ship repair business, said Hugo Ortiz, senior vice president of International Ship Repair.

“We’re not saying we’re moving,” Ortiz said. “Who pays for the moving costs? Who can find a cheap place to move? Also, the Port of Tampa Authority needs to be involved. So there are several factors. ’ is (impossible).”

International Ship Repair operations at the northern end of Tampa Bay, as seen in 2015. This property is located at the northern end of Port Tampa Bay. [ Times (2015) ]

The site is part of the Port Tampa Bay but is the largest subdivision in the unowned Channel District. This includes he has four berths (a fifth is in the harbor’s East Bay) and he has five floating dry docks, located at the northern end of Yball Sound near the intersection of Channelside Drive and Adamo Drive.

Ortiz said Lorton intended to keep the company in Port Tampa Bay, but had to work with the port to find enough available anchorage along a channel deep enough for the relocation. I have. If the channel needs to be dredged to get that depth, federal approval will be required.

“These permits take one, two, three years,” says Ortiz. Next, let’s talk about the environmental aspect. That can be another challenge. So it’s not easy to say that it will be completed in two or three years. “

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Whatever agreement exists between Shaw and the company, “I’m pretty sure I’m responsible for it all,” said Jay Roberts, CEO of Tampa developer Prosper Group. .

“I think he’s been thinking about it for decades,” Roberts said of the show. “Water Street (Tampa’s) Phase 2, Gas Worx, the waterfront site and then Channelside — I think it will all be positive for Tampa. It will just attract more people, investment and tax dollars to support the city.”

International Ship Repair has seen such proposals before. After bidding in 2007, reported $100 million For this property, Clearwater developers have received city approval to build 1,100 condominiums, 300,000 square feet of office space and 55,000 square feet of retail on the site. That deal later failed.These days, this property is Pitched as a potential site New stadium for the Tampa Bay Rays.

It is a historic land. International Ship Repair has operated there for about 40 years, acquiring most of its assets in 1995 and 2004 for about $15.6 million, according to Hillsborough Records. The eastern side of the land covered in the second phase of the sale once housed the Tampa Marines, which built many ships during World War II, according to Rodney Kyte Powell of the Tampa Bay Historical Center. I was.

“Not battleships, but auxiliary ships like the Tender, which were still a very important part of the war effort,” he said.

The western portion of the site along Channelside was once part of Tampa’s Banana Dock, where dockers unloaded bananas from ships and shipped them by train or truck to other cities, Caite Powell said. The history of the dock he dates back to the late 1920s, when it became a sort of tourist attraction, with people flocking to see the hub of activity there.

Related: Yes, I have some bananas.Port Tampa Bay welcomes first shipment in 21 years

Co-founder of the BluePearl animal hospital chain, Shaw has amassed nearly 100 acres of land across the city of Ybor over the past decade at a cost of over $110 million. That includes his $28.5 million in the former Tampa Park Apartments, and his $24 million in the former headquarters of professional staffing firm Kforce, one of Tampa Bay’s largest publicly traded companies.

This project is separate from Shaw’s project Gas Worx project A 41-acre mixed-use development in the southwest corner of Ybor City, designed to include thousands of residences, half a million square feet of office space and more. The first phase of the project, which includes hundreds of apartments east of Nick Nuccio Parkway, is expected to break ground this fall.

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