46-story luxury condo tower 400 Central set to begin move-ins this month in downtown St. Pete

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46-story luxury condo tower 400 Central set to begin move-ins this month in downtown St. Pete

Rising 515 feet above downtown St. Petersburg, the Residences at 400 Central is preparing to welcome its first wave of residents.

The City of St. Petersburg has issued a temporary certificate of occupancy (TCO) for the first 25 floors of the 46-story, 301-unit luxury condo tower, allowing buyers on the lower levels to begin closing on their units and moving in.

General contractor Suffolk Construction will continue building out floors 26 through 45, as well as the rooftop deck.

Developed by New York-based Red Apple Real Estate, 400 Central is the tallest residential building on Florida’s Gulf Coast and the tallest building in St. Pete.

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PNC Bank to open branch at 400 Central as tower nears completion in downtown St. Pete

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PNC Bank to open branch at 400 Central as tower nears completion in downtown St. Pete

Downtown St. Pete’s tallest tower has landed another major retail tenant.

PNC Bank has signed a lease for a roughly 3,000-square-foot branch at the 46-story Residences at 400 Central, which is slated to open later this year.

The branch be located along Central Avenue in the 301-unit condo tower being developed by New York–based Red Apple Group, which will include 60,000 square feet of high-end ground-floor retail and restaurant space.

Founder John Catsimatidis Sr. said PNC’s arrival underscores both the project’s momentum and its ties to the site’s past.

“Red Apple has a longstanding relationship with PNC across multiple business lines and we are thrilled to welcome them as a tenant at our iconic 400 Central project,” Catsimatidis said.

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400 Central developer asks Mayor Welch for more time to bid on Historic Gas Plant site

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400 Central developer asks Mayor Welch for more time to bid on Historic Gas Plant site

Red Apple Real Estate, the New York–based development firm behind the 46-story Residences at 400 Central in downtown St. Petersburg, has expressed interest in redeveloping the 86-acre Historic Gas Plant District. But only if the city allows more time for proposals.

In a letter sent November 7th to Mayor Ken Welch and City Council, Red Apple CEO John Catsimatidis urged the city to extend its planned 30-day window for alternative submissions related to the site.

Earlier this month, Mayor Welch announced that he would open a brief period in mid-November for developers to submit competing proposals after the city received an unsolicited $6.8 billion plan led by Casey Ellison of Ellison Companies, Cathie Wood of ARK Invest, and Jonathan Graham of Horus Construction.

“Red Apple Real Estate is well-positioned to transform the 86 acres into what I call a ‘wow’ development,” Catsimatidis wrote, adding that his firm has the “knowledge, expertise, and relationships” to create market-rate and affordable housing, along with amenities that enhance quality of life and create jobs.

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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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Developer behind 46-story 400 Central condo tower to redevelop Mirror Lake property into residential tower

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Developer behind 46-story 400 Central condo tower to redevelop Mirror Lake property into residential tower

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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