KETTLER Lands $182M for Tampa Expansion
The 50-acre redevelopment plan is part of the company's Gasworx project.
KETTLER’s Gasworx project in Tampa, Fla., has received a $182 million construction loan from Bank OZK. The funding will contribute to the development of three parcels, namely the E1, E2 and E3 blocks.
Additionally, Prague-headquartered PPF Group joins KETTLER and local developer Darry Shaw as partner in this phase of the project. Construction is expected to begin early this year and is scheduled for completion in early 2027.
Gasworx is a 50-acre redevelopment project in Tampa’s Latin Quarter, meant to bridge the Ybor City neighborhood with Downtown. Originally envisioned as a 33-acre master-planned community, plans have expanded since the groundbreaking of its first phase, Gasworx W2. Scheduled for completion in the third quarter of 2026, Gasworx W2 will be a seven-story, 390-unit property located at 1502 Nick Nuccio Parkway.
Gasworx’s E blocks
The five-story E1 Block will consist of 140 residential units, most of them with one-bedroom layouts. This block will also include 18,000 square feet of retail space. E2 Block will take shape in a repurposed, 28,000-square-foot warehouse. This property will serve as a marketplace with restaurants and retail space. The warehouse will be adjacent to a 100,000-square-foot office building that is meant to become Grow Financial’s future headquarters.
E3 Block will feature 376 units and 29,000 square feet of retail space enclosed in a 10-story residential building. On-site amenities will include a rooftop pool, fitness center and a courtyard on the 7th floor.
Plans for the entire Gasworx district call for a total 5,000 residences, 500,000 square feet of office space and 150,000 square feet of retail across 18 properties.
