46-story 400 Central condo tower tops out in downtown St. Pete

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46-story 400 Central condo tower tops out in downtown St. Pete

Topping out at 515 feet tall, the roof of the 46-story Residences at 400 Central condominium tower has been poured — marking the completion of vertical construction for the tallest residential building on Florida's Gulf Coast.

New York billionaire John Catsimatidis Sr., founder of development company Red Apple Group, alongside select media members, met at the site on Saturday morning for an exclusive view from atop the tower being constructed at 400 Central Avenue in downtown St. Pete.

Crews from Suffolk Construction are actively building out the Sky Lounge and Observatory on the 46th floor of the tower, which Catsimatidis Sr. refers to as the “Empire State Building of St. Pete.”

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Prominent developer purchases over four acres in St. Pete Beach, plans mixed-use condo project

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Prominent developer purchases over four acres in St. Pete Beach, plans mixed-use condo project

Delray Beach-based real estate developer Kolter Urban has acquired 4.5 acres of waterfront property on St. Pete Beach, with the intention of developing a mixed-use residential project on the site.

Kolter has developed numerous condo towers in downtown St. Pete, including ONE St. Petersburg, which opened in 2019; Saltaire, which opened in 2023; and the upcoming Art House, which is on track to debut in 2025.

On Monday, Kolter paid $9.85 million for a vacant property at the east end of Corey Avenue that was previously slated to be developed into Corey Landing, a 243-unit apartment community with restaurants, shops, a park, and boat docks.

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49-story Waldorf Astoria Residences approved by St. Pete development commission

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49-story Waldorf Astoria Residences approved by St. Pete development commission

Shovels may hit the ground in the future for the 49-story Waldorf Astoria Residences in downtown St. Pete, which would become the city's first hotel-branded luxury condominium.

During a Tuesday Development Review Commission meeting, commissioners unanimously approved the site plan, floor area ratio bonuses, and a building height bonus for the massive tower that would rise at 150 2nd Avenue South.

With the new approval of the DRC and recent passing from the City Council acting as the Community Redevelopment Agency, the team will need additional approval from the Federal Aviation Administration (FAA).

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Done Deals: Sundial adds new tenant, Mirror Lake site sells to developer, Foot Locker approved for city incentives

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Done Deals: Sundial adds new tenant, Mirror Lake site sells to developer, Foot Locker approved for city incentives

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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46-story 400 Central tower nears vertical completion in downtown St. Pete

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46-story 400 Central tower nears vertical completion in downtown St. Pete

Vertical construction is nearly complete for Red Apple’s 46-story condominium tower, The Residences at 400 Central, as crews have reached the 43rd floor with a new floor being added every six days.

New York billionaire John Catsimatidis Sr., founder of Red Apple Group, and select media members gathered at the tower site on Monday morning for a ceremonial topping out celebration.

“I wanted to build something in honor of Margo’s parents who’ve been coming to St. Pete for 40 years,” said Catsimatidis Sr. “My only regret is that I did not invest sooner.”

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