Red Apple Real Estate Forges Ahead with Luxury Tower Development in St. Petersburg

ST. PETERSBURG, Fla. (August 11, 2020) – Red Apple Real Estate is proud to announce having reached several milestones in the path to the construction of a transformative, 1,300,000 sf, multi-use development in the heart of St. Petersburg. The project will feature a 46-story, luxury residential condominium tower (“The Residences at 400 Central”); a 223-key full-service boutique hotel with more than 15,000 square feet of meeting and event space; 25,000 square feet of retail and restaurant space along Central Avenue and more than 20,000 square feet of Class A office space.
The Residences at 400 Central will include 300 one-to-four-bedroom luxury condominium residences with a select number of penthouse residences – featuring well designed layouts with high-end interior finishes, wrap around balconies, and magnificent views. Condominium owners will have exclusive access to a 46th floor glass-enclosed observatory / lounge with spectacular views of Tampa Bay, the Gulf of Mexico and greater St. Petersburg. Residential amenities will include a fitness and wellness center, an upscale lounge, a co-working space and board room, a library, a theater room, and a private dining room with an entertainment area. Outdoor amenities will include a 16,000 sq. ft. seventh floor rooftop terrace with resort-style pool and spa, a putting green, bocce court, outdoor kitchen, dog walking area and fire pit.
“We are thrilled that the 400 Central project continues toward marketing and construction,” said John Catsimatidis Sr., the founder of Red Apple Companies. “As a large, well-capitalized family owned firm with multiple businesses, Red Apple has the ability to look beyond temporary events and make long-term business commitments. I am optimistic about the future of St. Petersburg, a city where I have had family roots for over thirty years, and so we are continuing on all fronts with our plans to develop this iconic addition to the St. Petersburg community.”
Developers anticipate commencement of construction in 2021, and today announced a series of progress milestones:

• Red Apple has leased space for a condominium sales gallery at 465 Central Avenue, across the street from the 400 Central development. Design work is now underway.
• Foundation plans have been filed for review with the City of St. Petersburg, and plans are underway for the permitting of preliminary site work.
• The Federal Aviation Administration has issued a “No Hazard Letter” regarding the height of the project’s planned 46-story condominium tower. This is an important approval for towers of this height.

This exciting project has been designed over a three-year period, taking into account the vibrant, evolving character of downtown St. Petersburg – with each of the planned condominium residences being designed for maximum comfort, livability and expansive views.