I've got a lot of respect for both of them, their commitment to the area and their generosity." They grew up in Ybor City and they have a passion for Ybor City. "I've known them for quite some time," Shaw said. Capitano declined to comment and Buchman did not respond to a message. Shaw said he partnered with Capitano and Buchman because of their roots in and deep knowledge of Ybor City. They're lifelong friends and business partners, and they do it the old-school kind of way, on a handshake." "I've seen Joe and Booky at Pipo's (restaurant) swapping properties on the backs of napkins," Buckhorn said. While Shaw is a relative newcomer to Ybor City's real estate market, Capitano and Buchman have bought and sold there for decades, sometimes individually, sometimes together. Salvatore Guagliardo, an executive at Sunny Florida Dairy, started more than 100 years ago by an Ybor City family.Jacob "Booky" Buchman, a major property owner, landlord and the grandson of a pioneering Ybor City retailer.Joe Capitano Sr., the longtime head of Radiant Oil of Tampa and a veteran Ybor City developer, landlord, civic leader and philanthropist.Other investors involved in some of the purchases include: To buy land, Shaw has worked through about 10 corporate entities, many with similar names - Ybor Marti LLC, Ybor Land LLC and Ybor Patio LLC among them - that get their mail at the same post office box in Carrollwood. (This total doesn't include the partnership's $150 million purchase of the Marriott Waterside Hotel & Marina.) That's more than the $59.95 million that public records show Jeff Vinik and Cascade Investment spent buying developable land around Amalie Arena after Vinik bought the Tampa Bay Lightning. Mayor Bob Buckhorn had heard of the purchases, but not of their extent until told by the Times. Still, some of Shaw's new tenants are anxious as they wait to see how he proceeds. "I fell in love with Ybor City, with its history and culture," said Shaw, who is drawn to its immigrant backstory, diversity, architecture, authenticity, proximity to downtown Tampa and access to transportation. Shaw says his vision for Ybor City - residential with some commercial - aligns with this rapid transformation while also maintaining the character of a historic district and its strict guidelines for renovation and building. ![]() The growing empire has given Shaw and a handful of business partners an outsized stake in the fate of one of Tampa's oldest neighborhoods, one experiencing a revitalization that includes a rush of new residents, a booming small business and arts scene and, some hope, a potential home for a new Tampa Bay Rays ballpark. ![]() The parcels span the historic Latin district, from Nuccio Parkway to the Crosstown Connector. ![]() They've bought vacant lots, but also offices, small stores and restaurants, warehouses, industrial properties, a historic inn, an old cigar factory, bars, a closed spa, and church-owned land. Working through at least 10 different limited liability companies, or LLCs, Shaw and a handful of partners have spent more than $60 million buying land in and around Ybor City.
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