The Residences at 400 Central secures $252 million construction loan

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The Residences at 400 Central secures $252 million construction loan

Red Apple Real Estate, the developer behind The Residences at 400 Central, announced that the project has secured a $252 million construction loan and is set to go vertical construction.

The 46-story mixed-use development is slated for a 2.3-acre site at 400 Central Avenue in downtown St. Pete and will include 301 condominium residences ranging from one- to four-bedroom units along with 40,000 square feet of Class A office space, and 25,000 square feet of ground floor retail space.

The construction loan is being provided by Bank OZK, one of the nation’s most active construction lenders. While Bank OZK is based in Little Rock, Arkansas, it has a significant presence in St. Petersburg. Bank OZK Innovations Lab, the bank’s entrepreneurial and innovation hub, is based in downtown St. Petersburg.

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Aerial St. Pete: Downtown St. Pete's skyline to transform with new high-rise developments under construction

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Aerial St. Pete: Downtown St. Pete's skyline to transform with new high-rise developments under construction

This article of Aerial St. Pete shows the progress on several downtown high-rise projects. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.

In this article we are taking a look at six projects that are expected to transform the downtown St. Pete skyline. These projects include: Ascent St. Petersburg, The EDGE Collective, Evo, Modera St. Petersburg, Reflection, and the Residences at 400 Central. Some of these projects will wrap up early next year while others will remain under construction for years to come.

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400 Central begins foundation work, readies for vertical construction in downtown St. Pete

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400 Central begins foundation work, readies for vertical construction in downtown St. Pete

Construction continues on what will soon be the tallest residential building on Florida’s Gulf Coast — The Residences at 400 Central. When complete in 2024, the 46-story tower will contain 301 condominium units, 25,000 square feet of ground floor retail space, and 45,000 square feet of Class A office space.

With initial sitework and extensive underground testing complete, 400 Central has kicked off construction of the permanent foundation for the new $400 million mixed-use tower in downtown St. Petersburg.

In contrast to the construction of many other downtown towers, these foundation elements will be drilled, and then filled with steel reinforcing and high-strength concrete, rather than being pounded into the ground – minimizing the disturbance to the project’s downtown neighbors.

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Aerial St. Pete: Construction updates from St. Pete's newest high-rise developments

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Aerial St. Pete: Construction updates from St. Pete's newest high-rise developments

The latest edition of Aerial St. Pete shows the progress on several downtown high-rise developments. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.

In this article we are taking a look at five projects in downtown St. Pete which are in various stages of construction. Some are in the demolition stage while other are topped out and closer to completion. These projects include: 334 Apartments, Residences at 400 Central, Ascent St. Petersburg, Saltaire, and Orange Station. We look forward to following these projects as they grow closer to completion.

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Reservations for 46-story condo tower at 400 Central Avenue surpass $150 million

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Reservations for 46-story condo tower at 400 Central Avenue surpass $150 million

Reservations for the luxury condominiums at The Residences at 400 Central are exceeding expectations in the first 90 days since sales launch.

The 515-foot tower, which is under construction at 400 Central Avenue in downtown St. Pete, has surpassed $150 million in sales. The 46-story tower is expected to become the tallest building on Florida’s Gulf Coast and will contain 301 condominium units ranging from 1,277 to 5,600 square feet.

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