Investor, partners spend $63 million to amass parcels in Tampa’s Ybor City district

Darryl Shaw and his partners have acquired at least 110 parcels in or near Ybor City

TRD MIAMI /
Apr.April 30, 2017 02:20 PM

A real estate investor and his partners have spent more than $60 million over the last three years to buy scores of parcels in and near Ybor City, a historic district in Tampa and a popular destination for dining and entertainment.

Darryl Shaw, 50, and his partners have paid about $63 million for at least 110 parcels in the Ybor City area since 2014, the Tampa Bay Times reported.

Operating through at least 10 limited liability companies, or LLCs, Shaw and his partners have purchased mostly vacant lots in the Ybor City area but also such properties as offices, stores, restaurants and warehouses.

Shaw’s investment partners include Joe Capitano Sr., a longtime developer in Ybor City who also runs a Tampa company called Radiant Oil, and Jacob “Booky” Buchanan, a real estate investor.

“They grew up in Ybor City and they have a passion for Ybor City,” Shaw told the Tampa Bay Times.

Shaw plans to build residential developments over the next 20 years on the vacant land he and his partners have accumulated in the Ybor City area, located northeast of downtown Tampa.

He told the Tampa Bay Times that Ybor City’s location is a good one for capitalizing on an urbanization trend as more people choose to reside close to their workplaces. But “there’s not a grand master plan,” he told the newspaper.

Some of Shaw’s properties have been discussed as a possible location for a baseball park for the Tampa Bay Rays. The Major League Baseball team may relocate from its existing baseball park in St. Petersburg.

Shaw said he has talked to the team’s management about its interest in putting a ball park on one of his properties, a 7.6-acre site of a former gasification plant called Gas Worx, but the team probably will need a bigger piece of land. [Tampa Bay Times]Mike Seemuth


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Fairfield Residential sells new Flagler Village apartments for $92M
Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...