400 Central developer Red Apple Group acquires Mirror Lake tower site in downtown St. Pete
/New York-based developer Red Apple Real Estate has closed on the purchase of a 0.94-acre parcel in downtown St. Petersburg.
The acquisition comes weeks after the company told St. Pete Rising it was under contract to purchase the site at 233 5th Street North. The purchase closed on December 13th for $13 million — $200,000 lower than the previously announced price of $13.2 million.
The sellers acquired the property in December 2021 for $15.5 million.
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Pre-leasing is set to begin Saturday, August 15th, with move-ins scheduled after the new year at the first apartment community in Sky Town, an $800 million mixed-use development underway in St. Petersburg’s Skyway Marina District.
The 401-unit iMMiX Apartments, located at 3201 34th Street South, are part of the first phase of the 34.3-acre development being built on the former Ceridian office campus.
Once complete, Sky Town will include 2,084 apartments, 69,000 square feet of retail anchored by a 23,000-square-foot Sprouts Farmers Market, and 120,000 square feet of self-storage across six phases.
Coral Gables-based Altis Cardinal, led by developer Frank Guerra, broke ground on the iMMiX Apartments in September 2025, with Jacksonville-based Summit Contracting Group serving as general contractor.