January 21, 2025

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

January 21, 2025/ Veronica Brezina

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.”

January 17, 2025

St. Pete Beach’s Hotel Zamora completes $7.5 million renovation, adds new Mediterranean restaurant

January 17, 2025/ Anthony Close

The Hotel Zamora in St. Pete Beach has reopened following a $7.5 million renovation, transforming the property into a 4-star luxury hotel.

Minneapolis-based Sherman Associates purchased the boutique hotel, located at 3701 Gulf Boulevard, for $34.65 million in 2022.

The renovation included updates to all 64 guest rooms and suites, which now feature Mediterranean-inspired designs, spa showers, and high-end air purification systems. Outdoor spaces such as the pool, gym, and rooftop lounge have also been upgraded, with the rooftop offering expansive views of the Gulf of Mexico, downtown St. Pete, and the Intracoastal Waterway.

January 10, 2025

Downtown St. Pete development site near Central Avenue hits the market

January 10, 2025/ Veronica Brezina

A redevelopment site in the heart of downtown St. Petersburg has hit the market.

The property is located one block from Central Avenue at 125 5th Street South and sits across the street from the 46-story Residences at 400 Central building, which is slated to be completed later this year. The parcel currently houses an 11,357-square-foot office building anchored by Wells Fargo Bank.

“This property has generated a lot of interest from developers over the past few years who wanted to redevelop the property into a high-rise tower,” Vector Commercial Real Estate Services Broker Blakemore Kearney said to St. Pete Rising.

January 09, 2025

21-story apartment tower proposed near USF in downtown St. Pete

January 09, 2025/ Veronica Brezina

A local developer has proposed to construct a 21-story, 213-unit apartment building directly across from the University of South Florida in downtown St. Pete.

St. Pete-based real estate company Stadler Development has filed a site plan application with the city for a $67 million tower that is expected to rise on a 0.69-acre property at 446 4th Street South, which is currently home to a 5,000-square-foot commercial building occupied by Fresenius Kidney Care American Dialysis Center.

“This site will deliver the demand for the Innovation District. The whole community, including students and hospital workers, should be well-served by this project,” Stadler Development Managing Partner John Stadler said in a conversation with St. Pete Rising.

December 27, 2024

Done Deals: Largo shopping center sells, Old Northeast estate sells, New Year's Eve events around St. Pete

December 27, 2024/ Veronica Brezina

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.

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