Developer behind 46-story 400 Central condo tower to redevelop Mirror Lake property into residential tower
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After St. Pete Rising announced earlier this week that a prime redevelopment site on Mirror Lake was under contract, the developer behind Florida’s tallest residential tower revealed themselves to be the undisclosed buyer.
New York-based Red Apple Group is reportedly set to purchase the property for $13.2 million by the end of the year.
“As Mr. Catsimatidis alluded to recently, we are under contract to acquire this exciting piece of land near beautiful Mirror Lake in the heart of the Sunshine City’s downtown,” Kevin King, director of Florida operations for Red Apple, said in a statement to St. Pete Rising.
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South Carolina-based multifamily developer Greystar Real Estate Partners, in partnership with St. Pete-based Blake Investment Partners, has topped out The Henry at Whitney Village, a five-story, 325-unit apartment complex under construction in St. Petersburg’s Grand Central District.
The building is located on 3.37 acres on the east side of the Jim & Heather Gills YMCA at 3200 1st Avenue South. Greystar purchased the property from the YMCA in January 2025 for $12 million.
“We are proud to have reached this important milestone and look forward to welcoming residents to the Henry at Whitney Village in Spring 2027,” David King, managing director for development at Greystar, said in a statement to St. Pete Rising.
The apartment complex is part of the first phase of Whitney Village, a five-acre mixed-use development on a portion of the YMCA property that will include apartments, retail, and a renovated YMCA facility.
The first phase also included an extensive renovation of the 25-year-old, 54,000-square-foot YMCA facility on the west side of the property, funded by proceeds from the property sale.