Ybor Development Taking Off with First Major Project On Edge of New GasWorx District

Canvas GWX Is Located Just Outside Boundary of GasWorx,

Indicating Even More Investment in Ybor City

TAMPA, FL (September 14, 2023) – Crews will break ground Friday on the first project in what is expected to be a monumental wave of Ybor City redevelopment sparked by the 50-acre GasWorx district. Canvas GWX, a community of townhomes described as “industrial chic,” will be the first major construction project to begin just outside the GasWorx boundary.

Tampa Mayor Jane Castor will take part in Friday’s ceremony. The pioneering project shows that GasWorx is already serving as a catalyst for investment in Ybor, sparking more housing and businesses in neighboring areas, even though construction on GasWorx began just six months ago.

Canvas GWX’s townhouse units will be 2,100 to 2,400 square feet, with rooftop terraces and community green space. The industrial style architecture is influenced by the Ybor City warehouses and factories that have been converted into artist studios, lofts, and maker’s spaces. An existing commercial building on Nebraska Ave. is also being restored for future commercial use.

WHAT:             Groundbreaking for new Canvas GWX project

            WHO:              Tampa Mayor Jane Castor

                                    Michael Mincberg, Principal, Sight Development

                                    Cory Ellison, President, Ellison Construction

            WHEN:             Friday, September 15 at 10:00 a.m.

            WHERE:           1218 E. Kay Street, Tampa, FL

Sight Development is leading the project. Ellison Construction is serving as the contractor. Shepard Capital Partners is a joint venture partner with Sight Development, and Bank OZK is providing financing for the effort, which was designed by Curts Gaines Hall Jones Architects. Canvas GWX will be completed in two phases, with a total of 79 units and prices starting at $735,000. 18 units are under contract to date. The project is adjacent to the GasWorx district, which is currently under development by KETTLER and Darryl Shaw.

About Sight Development

Sight Development executes creative development strategies inspired by local history, landscape, artists, and culture designed to create value for our residents, investors, and the surrounding community. When the art and science of real estate collide, it creates the unique core values that Sight Development was founded on. Sight Development’s focus is on infill opportunities within existing neighborhoods where they implement the traits and characteristics of the community into each project. This inspiration, combined with experience, is the formula that brings Sight Development’s vision to fruition, leading to an exclusive lifestyle. Discover more information at sightdevelop.com.

About Ellison Construction

Founded in 2007 as EWI Construction, Ellison Construction is the preeminent commercial construction company in Florida. Ellison is a leader of high-quality construction, adaptive reuse, and placemaking projects in Tampa Bay. The company was built on the foundation of unparalleled customer service, a deep understanding of the Tampa Bay market, and an appreciation for exceptional design. Recently named AIA Florida’s Contractor of the year, the firm has earned a reputation for doing all things with integrity and getting the job done right. Find out more about the company and its projects at ellisonbuilds.com.

Originally posted 2023-09-14 21:19:56.