Gasworx Ybor City’s Project tops out Moss | 6 Floors
Tampa's Ybor City district has long been a tapestry of immigrant stories, cigar smoke, and resilient architecture. Now, the 50-acre Gasworx redevelopment is weaving in modern threads—office towers, residential havens, and retail corridors—that promise to connect this historic enclave to the bustling Channel District and downtown core. In October 2025, a key beam hoisted high marked not just structural progress, but a symbolic nod to how Ybor's past fuels its future. This milestone, amid a cascade of financial wins and partnerships, underscores Gasworx's role as Tampa's largest urban renewal effort in decades. Let's unpack the details, from steel beams to named legacies, without the fluff—just the facts on how this project is reshaping the Bay area skyline.
A Six-Story Beacon for Grow Financial
Gasworx site signed the final steel beam before it ascended to crown a six-story office and retail building. Constructed by Moss & Associates, the 145,000-square-foot structure now stands as the tallest point in this phase of the development. It's no ordinary topping out; this building will house the new headquarters for Grow Financial Federal Credit Union, which has pre-leased about half the space [roughly 72,500 square feet] bringing hundreds of daily commuters and their coffee runs to Ybor's streets.
Designed by S9 Architecture with Smallwood as the architect of record, the edifice blends sleek contemporary lines with subtle cigar-era flourishes, like textured facades echoing Ybor's brick heritage. Ground-level retail spans 9,000 square feet, feeding into Gasworx's planned dining and shopping spine. Amenities? Think rooftop decks for sunset views over the Hillsborough River, outdoor terraces for impromptu meetings, and a lobby café-bar that spills onto pedestrian paths. Completion is eyed for late 2026 or early 2027, just in time for Grow Financial's big move from its current Riverview digs.
Toby Manulak, senior vice president of Moss' Mid-Florida Region, called it a "proud moment," noting the crew's dedication amid Tampa's humid construction grind. And here's a wry aside: In a city where "topping out" often means topping off a cocktail at a nearby Ybor bar, this one might just inspire a new tradition—beams and brews.
Securing the Bag: The $182 Million Construction Loan
Money talks, but partnerships shout. In tandem with the loan, Gasworx welcomed PPF Group—a Czech-based real estate giant with €2 billion in U.S. and European assets—into the fold in early 2025. Led by developers Darryl Shaw (former Blue Pearl CEO) and Kettler, the collaboration injects not just equity but expertise in scaling mixed-use districts.
PPF's stake diversifies its American portfolio while accelerating Phase 2, which kicked off in April 2025 with groundwork for two mixed-use buildings and a centerpiece warehouse. Graham Tyrrell, Kettler's managing director for Florida, highlighted how this alliance sharpens the project's edge: "It enables us to continue moving forward while driving future growth." Expect this trio to streamline timelines, from permitting hurdles to supply chain snags.
Honoring Roots: The Luisa, Olivette, and Stevedore Take Shape
Gasworx isn't just stacking floors; it's stacking stories. In October 2025, developers unveiled names for three residential buildings that pay homage to Ybor's multicultural mosaic: The Luisa, Olivette, and The Stevedore (note: often stylized as Stevedore). Each moniker draws from the district's labor and migration lore, turning concrete into cultural bookmarks.
- The Luisa: A five-story, 140-unit nod to Luisa Capetillo, Ybor's trailblazing female lector who read aloud to cigar workers—sparking ideas amid the tobacco haze. Built by CBG Building Company, it opens spring 2027.
- The Olivette: This 10-story, 376-unit tower honors the steamship that ferried Cuban immigrants from Havana to Tampa's factories. Moss Construction handles the build, with a summer 2027 debut.
- The Stevedore: Saluting the longshoremen who muscled cargo at Tampa's port, this early 2026 opener by Juneau adds workforce grit to the glamour.
Together, these join over 900 residences in Gasworx's residential cluster, plus 55,000 square feet of retail. It's a clever branding move: Names that educate as they lease. Ybor's history buffs might chuckle—finally, a development that lets the past pay the rent.
Explore Ybor's lector legacy at the Ybor City Museum State Park.
The Bigger Blueprint: Gasworx's Tampa Bay Master Plan Unfolds
Zoom out, and Gasworx emerges as a six-million-square-foot juggernaut, broken into districts like Encore and the Warehouse District. Ground broke in March 2023, with Phase 1 delivering first residents in 2024. The plan? Pedestrian-friendly streets, a three-quarter-acre Gasworx Park, and that TECO Streetcar extension linking Ybor to Water Street and beyond.
For renderings and timelines, the official Gasworx website is your go-to blueprint.
Keep tabs via Tampa Bay Business & Wealth for milestone dispatches, or follow @GasworxTampa on X for beam-signing selfies. As Ybor evolves, Gasworx reminds us: Progress doesn't have to polish away the patina. It just needs a solid loan, a smart partner, and names that whisper, "Remember us?"
This article draws from public announcements and developer statements as of November 2025. For inquiries on concrete coatings to protect Ybor's new builds, visit Tampa Bay Concrete Coatings.




