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St. Petersburg Welcomes The Residences at 400 Central

A breathtaking view of The Residences at 400 Central in St. Petersburg, Florida, highlighting the luxury and elegance of urban living.

News Summary

The Residences at 400 Central, a stunning 46-story condominium in the heart of St. Petersburg, Florida, is nearing completion. With 301 luxury residences priced from $1.2 million to $8 million, the development emphasizes urban luxury, featuring various modern amenities, including a Sky Lounge with breathtaking views. Created by Red Apple Real Estate and designed by Arquitectonica, this project signals a significant architectural and lifestyle enhancement to the city’s landscape, with over 75% of the residences under contract ahead of its anticipated summer 2025 completion.

St. Petersburg, Florida is set to welcome its newest luxury landmark, The Residences at 400 Central, a 46-story condominium development nearing completion in the city’s vibrant heart. The project covers approximately 1.3 million square feet and promises to redefine urban living in the Sunshine City.

Featuring 301 residences priced between $1.2 million and $8 million, The Residences at 400 Central aims to offer an upscale lifestyle that includes diverse options for modern living, work, and recreation. The development is a significant component of a larger trend that emphasizes accessible luxury in urban environments.

Ground-floor spaces will feature retail shops, restaurants, and Class A office amenities, creating an inviting atmosphere for residents and visitors alike. With over 36,000 square feet allocated for indoor and outdoor private amenities, residents can enjoy access to a host of exclusive facilities, including a game room, private dining areas, a wellness center, and a resort-style pool complete with an outdoor kitchen.

A standout feature is the 46th-floor Sky Lounge Observatory, which promises breathtaking panoramic views stretching from Tampa Bay to the Gulf of Mexico. This is designed to enhance the living experience and exemplify the live-work-play concept that the developers are keen to promote, while also capturing the coastal appeal of St. Petersburg.

Development and Design

The project is developed by Red Apple Real Estate, a New York-based firm, with architectural design led by the internationally acclaimed firm Arquitectonica. The interior and exterior designs have been entrusted to Vincent Celano from Celano Design Studio, who is focusing on creating a hospitality-inspired living environment.

The developer, John Catsimatidis, has familial ties to St. Petersburg, which strengthens his commitment to the community and the project. Construction has made significant strides, with recent milestones including achieving vertical completion and framing of the office floors. Despite facing challenges such as a crane collapse and minor weather-related setbacks, the project remains on schedule for its anticipated completion in summer 2025.

Market Presence

As of now, more than 75% of the residences are under contract, with remaining units starting at $1 million. The project has secured a substantial construction loan of $252 million, further underscoring its viability and strong market interest.

Additionally, the construction is being managed by Suffolk Construction, which has been ensuring that the timeline for completion is adhered to. Tours have been conducted to allow stakeholders and media representatives a glimpse into the development’s scale and offerings.

Impact on St. Petersburg

St. Petersburg, known for its rich arts scene, dining, nightlife, and award-winning beaches, has been enhancing its waterfront with projects like the new St. Pete Pier. This ongoing development is expected to boost tourism and lifestyle appeal even further. The Residences at 400 Central, touted as the tallest building in St. Petersburg and the tallest residential tower on Florida’s west coast, is a testament to the city’s growing skyline and residential choices.

John Catsimatidis is also planning to integrate a radio studio within the new building, which is expected to add an additional community-focused element to the project. The development is shaping up to not only offer luxury housing but also to become a central hub for entertainment and business, encapsulating the evolving character of St. Petersburg.