Michael Saunders & Company to open new downtown St. Pete office inside 46-story 400 Central tower
/Sarasota-based real estate firm Michael Saunders & Company is expanding into downtown St. Petersburg with a new office on the ground floor of the 46-story Residences at 400 Central luxury condo tower, which is set to welcome its first residents later this month.
The company, which has served as the exclusive sales agent for Red Apple Group’s 400 Central project, has leased 3,000 square feet fronting Central Avenue. The new office slated to open in spring 2026.
In the meantime, Michael Saunders & Company will operate from a temporary office across the street at 449 Central Avenue while continuing to run the 400 Central sales gallery at 465 Central Avenue.
The expansion strengthens the firm’s presence in the Tampa Bay market at a time when it has added several well-known local agents, including the Jennifer Thayer Group, Julie Larsen, Rodger Kooser, Ashley Nuccio, Dale Guivas, Rick Scherer, and the Dynasty Group.
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.