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Suffolk has teamed up with businessperson Darryl Shaw and real estate development company KETTLER for the construction of Gasworx, a mixed-use development in Ybor City, Tampa, US.
The project is set to break ground in mid-2024.
It will comprise up to 5,000 modern residences, 500,000ft² of office space, and 140,000ft² of retail space.
Suffolk will deliver various projects within the Gasworx development. These include a new 100,000ft² office building and a parking structure that will be enveloped by a five-storey residential building.
Suffolk, Shaw, and KETTLER say they plan to engage with local residents and stakeholders throughout the project.
Suffolk Tampa general manager James Scarpace said: “Suffolk is honoured to work with Darryl Shaw and KETTLER on this incredible Gasworx project in Ybor City, a unique community driven by arts, culture and history, that continues to attract residents, businesses and visitors because of its high quality of life.
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By GlobalData“Our wealth of experience and strong and diverse project portfolio in Tampa, appreciation and track record for delivering historic renovation projects, and use of sophisticated technologies and processes will allow us to deliver a seamless and successful project that will make Shaw, KETTLER and the Ybor City community proud.”
With annual revenues of approximately $5.5bn, Suffolk provides preconstruction, construction management, general contracting, and design-build services.
The Gasworx development will join Suffolk’s existing portfolio in Florida, comprising The Residences in St Petersburg and The Seminole Hard Rock Hotel & Casino in Hollywood.
In November 2023, Suffolk broke ground on the Diman Regional Vocational Technical High School in Fall River, Massachusetts, US.