Aerial view of downtown St. Pete from the top of 400 Central
The Residences at 400 Central in downtown St. Petersburg has reached its full height.
Standing 46 stories tall, the luxury condominium building towers over much of St. Pete’s skyline and holds the mark as the tallest residential tower on Florida’s Gulf Coast.
Red Apple Real Estate is the project’s developer and has no plans to stop investing in the Sunshine City. In December, the New York-based company paid $13 million for a piece of land in St. Pete’s Mirror Lake neighborhood. The vacant site is fully entitled for a 23-story tower; Red Apple must decide if it will be home to condos or rental units.
The Residences at 400 Central occupies the site of the former “cheese grater” building, the nickname of the old Pheil Hotel that was demolished in 2016.
The new building will have 301 luxury condo units, 60,000 square feet of ground-floor retail and 45,000 square feet of office space. Unnamed restaurant concepts are also in the works for the ground floor.
“We’d like to bring in some additional restaurants that are world famous — or famous for New Yorkers,” Red Apple founder John Catsimatidis Sr. said at a press event on Jan. 18. “I think they’re going to come.”
Condo buyers are expected to close on their units this summer.
Red Apple held an event in September to celebrate the symbolic topping out of the 400 Central tower, but the top floors had yet to be laid. Work continued through two hurricanes, one of which sent an on-site tower crane into a neighboring building.
On Jan. 18, Catsimatidis took in the full view from the observation deck that occupies the entirety of the 46th floor. His penthouse will be located just below.
