Expansive Penthouse Under Contract for $5.23 Million at the Residences at 400 Central in St. Petersburg, Florida
Luxury St. Petersburg tower will have views from Tampa Bay to the Gulf of Mexico – With construction well underway, the Residences at 400 Central the luxury condominium is celebrating the sale of a major penthouse residence that ranks among the largest residential transactions in recent St. Petersburg history. The 4,237-square-foot residence on the 43rd floor is under hard contract for $5,230,000. The expansive 4-bedroom, 4.5-bath residence has an additional 1,389 square feet of outdoor terrace space overlooking downtown St. Petersburg and the waters of Tampa Bay.
The buyers of the residence confirmed they are residents of Illinois who were attracted to the best-in-class architecture and amenities of the project, as well as the vibrant culture of downtown St. Petersburg, with restaurants, shops, galleries and events. “We are thrilled to welcome this wonderful couple into 400 Central in the heart of St. Petersburg and I am thrilled to have them as my neighbor,” said John Catsimatidis Sr., founder of Red Apple Real Estate and principal of the development company for Residences at 400 Central who will also be purchasing a penthouse residence at 400 Central.
“This sale confirms that 400 Central is among the most attractive and successful new developments in the nation. Feedback from buyers has been phenomenal and our sales team has experienced incredible momentum which we expect to grow as construction continues.” The developer recently closed on $252 million in construction financing and contractors have drilled nearly 90 steel-reinforced deep foundation pilings, some of them 180 feet deep. Work is currently underway to prepare for the pouring more than 6,500 cubic yards of concrete which will create the base of the foundation for the 515-foot-high residential tower. Anticipated to be the tallest residential condominium on Florida’s Gulf Coast when complete in the first quarter of 2025, The Residences at 400 Central will soar above downtown St. Petersburg’s vibrant Central Avenue, capturing panoramic views from Tampa Bay to the Gulf of Mexico. The 400 Central tower will include 301 luxury condominiums, plus Class A office space, ground-level restaurants, shops and cafes. This world-class residential tower will be full-service and the first of its kind in St. Petersburg to include a dedicated lifestyle coordinator who will activate the amenities and engage the community.
A state-of-the-art sales gallery across from the site at 465 Central Avenue was established by Red Apple and Michael Saunders & Company and is continuing the ongoing process of facilitating the sales of the luxury condominiums.
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