March 18, 2024

400 Central reaches the halfway mark in downtown St. Pete

March 18, 2024/ Veronica Brezina

Hundreds of contractors from Suffolk Construction are pouring concrete floor by floor for 400 Central, a 46-story luxury condominium tower under construction in downtown St. Pete. The tower, which adds a floor every six days, is now more than halfway complete at 250 feet high.

New York billionaire John Catsimatidis Sr., founder of Red Apple Real Estate, and select media members, climbed inside a freight elevator and were hoisted up to the newly completed floors to catch a glimpse of the expansive views from what will soon be the tallest residential tower on Florida’s west coast.

The terraces of the future condos on the 25th floor boast panoramic views of the downtown core and Mirror Lake to the edge of the waterfront and sights of the foggy Sunshine Skyway Bridge in the distance.

November 01, 2023

Aerial St. Pete: Downtown St. Petersburg’s skyline rises to new heights with new development

November 01, 2023/ Anthony Close

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals.

In this article we are taking a look at Art House, The EDGE Collective, Modera St. Petersburg, The Nolen, Reflection, The Residences at 400 Central, and Viv Apartments.

October 31, 2023

46-story 400 Central continues to rise, eclipses $250 million in condo sales

October 31, 2023/ Brian Zucker

On a construction tour held over the weekend, developer Red Apple Real Estate announced that its upcoming 46-story condominium tower, The Residences at 400 Central, has eclipsed $250 million in sales with $50 million coming in the past six weeks.

“The word is out about this iconic project,” said John Catsimatidis Sr., founder of Red Apple Real Estate. “Our sales have come from across Florida, the Northeast, the Midwest, and the West. This project is especially meaningful to me, as St. Petersburg is so close to my heart and my family’s heart.”

The 515-foot-tall building, which is being constructed on a full city block in downtown St. Pete, will feature 301 luxury condo units, 60,000 square feet of ground-floor retail and restaurants, 45,000 square feet of Class A office space, and 900 parking spaces. Once complete, 400 Central will be the tallest residential tower on Florida’s west coast.

April 13, 2023

Aerial St. Pete: Downtown St. Petersburg's tallest residential developments are reshaping the skyline

April 13, 2023/ Anthony Close

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete. To accomplish this, we have teamed up with AB3 Visuals.

In this article we are taking a look at Art House, Ascent St. Petersburg, Evo, Modera St. Petersburg, The Residences at 400 Central, and Saltaire.

Each of these developments is a residential tower project that is helping reshape the downtown St. Petersburg skyline. They are all above 20 stories tall and are in various stages of construction – some of the towers are nearing completion while others are just beginning to rise.

St. Pete Rising looks froward to continuing to be your source for St. Pete real estate development news and we will continue to track these projects as they near completion.

January 06, 2023

The Residences at 400 Central secures $252 million construction loan

January 06, 2023/ Anthony Close

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.