400 Central Ave

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.”

This month’s edition of Aerial St. Pete shows the construction progress on seven residential towers currently under construction throughout downtown St. Petersburg.

Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with AB3 Visuals. 

In the article, we show the construction progress for projects including The Nolen, Modera St. Petersburg, Art House, 3rd & 3rd, Residences at 400 Central, Reflection, and Viv Apartments.

The developers of The Residences at 400 Central, Red Apple Group, have revealed their vision for the ground floor retail space of what will soon become the tallest building in St. Petersburg.

The 46-story condominium tower is being built by Suffolk Construction at 400 Central Avenue in downtown St. Pete. When complete, the 1.3 million-square-foot project will soar 515 feet high, featuring 301 luxury condo units, 60,000 square feet of ground-floor retail and restaurants, 900 parking spaces, and 45,000 square feet of Class A office space.

Construction benchmarks are on the horizon, with the project expected to top out in late summer, becoming the tallest residential building on Florida’s west coast.

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

This month’s edition of Aerial St. Pete shows the construction progress on several real estate developments throughout downtown St. Petersburg.

Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with AB3 Visuals. 

In the article, we show the construction progress for projects including The Nolen, Reflection, Residences at 400 Central, Viv Apartments, Modera St. Petersburg, Art House, the Cordova Inn expansion, and the Chabad Center for Jewish Life.

Hundreds of contractors from Suffolk Construction are pouring concrete floor by floor for 400 Central, a 46-story luxury condominium tower under construction in downtown St. Pete. The tower, which adds a floor every six days, is now more than halfway complete at 250 feet high.

New York billionaire John Catsimatidis Sr., founder of Red Apple Real Estate, and select media members, climbed inside a freight elevator and were hoisted up to the newly completed floors to catch a glimpse of the expansive views from what will soon be the tallest residential tower on Florida’s west coast.

The terraces of the future condos on the 25th floor boast panoramic views of the downtown core and Mirror Lake to the edge of the waterfront and sights of the foggy Sunshine Skyway Bridge in the distance.

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals. 

In this article we are taking a look at Art House, The EDGE Collective, Modera St. Petersburg, The Nolen, Reflection, The Residences at 400 Central, and Viv Apartments.

On a construction tour held over the weekend, developer Red Apple Real Estate announced that its upcoming 46-story condominium tower, The Residences at 400 Central, has eclipsed $250 million in sales with $50 million coming in the past six weeks.

“The word is out about this iconic project,” said John Catsimatidis Sr., founder of Red Apple Real Estate. “Our sales have come from across Florida, the Northeast, the Midwest, and the West. This project is especially meaningful to me, as St. Petersburg is so close to my heart and my family’s heart.” 

The 515-foot-tall building, which is being constructed on a full city block in downtown St. Pete, will feature 301 luxury condo units, 60,000 square feet of ground-floor retail and restaurants, 45,000 square feet of Class A office space, and 900 parking spaces. Once complete, 400 Central will be the tallest residential tower on Florida’s west coast.

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete. To accomplish this, we have teamed up with AB3 Visuals. 

In this article we are taking a look at Art House, Ascent St. Petersburg, Evo, Modera St. Petersburg, The Residences at 400 Central, and Saltaire.

Each of these developments is a residential tower project that is helping reshape the downtown St. Petersburg skyline. They are all above 20 stories tall and are in various stages of construction – some of the towers are nearing completion while others are just beginning to rise.

St. Pete Rising looks froward to continuing to be your source for St. Pete real estate development news and we will continue to track these projects as they near completion.

Red Apple Real Estate, the developer behind The Residences at 400 Central, announced that the project has secured a $252 million construction loan and is set to go vertical construction.

The 46-story mixed-use development is slated for a 2.3-acre site at 400 Central Avenue in downtown St. Pete and will include 301 condominium residences ranging from one- to four-bedroom units along with 40,000 square feet of Class A office space, and 25,000 square feet of ground floor retail space.

The construction loan is being provided by Bank OZK, one of the nation’s most active construction lenders. While Bank OZK is based in Little Rock, Arkansas, it has a significant presence in St. Petersburg. Bank OZK Innovations Lab, the bank’s entrepreneurial and innovation hub, is based in downtown St. Petersburg.