| Development team announces filing of foundation permit, receipt of a “No Hazard Letter” from the FAA and creation of a state-of-the art sales gallery To explore the project and register for updates, see: residences400central.com |
| 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. To receive more information, please visit residences400central.com or email info@residences400central.com. Media ContactRichard MullinsO: +1 (813) 228.0652 x1127M: +1 (813) 992.8139 rmullins@tuckerhall.com About 400 Central400 Central is a transformative, 1,300,000 sq. ft. development project in the heart of St. Petersburg, Florida that will include a 46-story condominium tower with 300 luxury homes, a full-service boutique hotel, ground-floor retail and restaurants as well as Class A office space. The tower is being developed by New York-based Red Apple Real Estate. Design of the project is being led by internationally renowned, Florida based Arquitectonica. For more information, please visit residences400central.com or email info@400CentralStPete.com. About Red AppleRed Apple is a diversified, family owned group of companies led by leading New York businessman John Catsimatidis. Red Apple Real Estate (RARE), Red Apple’s real estate arm, develops and manages mixed-use properties that feature luxury living options with convenient, neighborhood retail elements. Over the past decade RARE has completed five (5) residential projects, which collectively encompass nearly 1,400 residential apartments, and 50,000 square feet of retail space. RARE also manages a significant portfolio of commercial and retail space owned by Mr. Catsimatidis. Red Apple’s substantial energy portfolio include a 70,000 plus bbl per day medium complexity oil refinery in western Pennsylvania, a 5-million-barrel deep water petroleum storage facility in Eastern Long Island, fuel oil distribution in the great New York metro area and over 370 gas stations and convenience stores. The company also has interests in an aviation business and supermarkets. Red Apple has almost 10,000 employees with approximately 3,000 located in New York City. |