Developer Darryl Shaw Is Buyer Of Tampa Park Apartments, Will Pay $800,000 To Help Tenants Move

By Jay Wittner May 12, 2020

Most of the Tampa Park Apartment complex has been purchased by Darryl Shaw.  The 370 unit complex is almost 60 years old, suffers from substantial deferred maintenance, and has a high vacancy rate.  The location however is interesting in that it’s between downtown Tampa and Ybor City & Channelside.  Shaw is buying 12 of the complex’s 18 acres.  While the purchase price has not been disclosed, the property’s appraised value is $12 million.  Shaw plans to build new housing on the property.  Shaw will provide financial assistance to help existing tenants relocate.