|More than $150 million in reservations made in the first 90 days. Initial construction and infrastructure work has begun. Conversions of sales reservations to contracts to start in early February.|
|(ST. PETERSBURG – February 1, 2022) – Amid exceptionally strong demand for luxury condominiums at The Residences at 400 Central, buyers have placed reservations on condominiums worth more than $150 million during the first 90 days of sales. |
400 Central is anticipated to be the tallest residential building on Florida’s Gulf coast – creating a whole new neighborhood in the heart St. Petersburg, with shops, restaurants and a breathtaking rooftop observatory with views from Tampa Bay to the Gulf of Mexico.
Initial construction consisting of infrastructure work to prepare for foundation construction of the 46-story luxury tower has started.
Strong, luxury condominium buyer demand has spanned a broad spectrum of unit types, from one, two, three and four-bedroom residences to expansive penthouse homes. Reservation holders will shortly be moving to convert their reservations for residences into contracts.
“St. Petersburg is a special place, and we are delighted to be developing this high-quality project in a community where our family has had roots for more than 30 years,” said John Catsimatidis Sr., founder of Red Apple Real Estate and principal of the development company sponsoring The Residences at 400 Central. “To have so many buyers respond so well, and so quickly, has far exceeded our expectations.”
|“The last few months have seen a whirlwind of interest in this exceptional residential tower,” said Michael Saunders, founder of the Michael Saunders & Companyrealty firm. “Downtown St. Petersburg is attracting interest from across Florida and across the country. Our sales team has done a tremendous job introducing buyers to the community.” |
Just three months ago in October, Red Apple and Michael Saunders & Company, opened a state-of-the-art sales gallery across from the site at 465 Central Avenue. The sales gallery features interactive displays and advanced digital systems providing visitors with an opportunity to immerse themselves in the 400 Central lifestyle experience. Private appointments allow potential buyers to browse floorplans and select the residence type, floor, view direction, and design. An ultra-realistic scale model of the building stands at the front of the Sales Gallery facing Central Avenue.
Initial construction work began in late January. Equipment and materials are staged on the site to prepare for construction on the 46-story tower. Site preparation includes the process of relocating utilities that currently run under the property and removing underground obstructions from the site – which spans the city block bordered by Central Avenue, Fourth Street South, First Avenue South and Fifth Street South. The Residences at 400 Central will soar 515 feet above downtown St. Petersburg’s vibrant Central Avenue, capturing panoramic views from Tampa Bay to the Gulf of Mexico. 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. The 301 condominium homes will consist of one-to-four-bedroom floorplans as well as a selection of custom penthouse homes. Residents of 400 Central will have access to more than 35,000 square feet of modern, private indoor and outdoor amenities.
Residents of 400 Central will also have exclusive access to the Sky Lounge Observatory located on the 46th floor, offering panoramic views from Tampa Bay to the Gulf of Mexico. This one-of-a-kind private amenity features both interior and exterior lounge spaces and ensures every resident can share in the highest view on the west coast of Florida. Other owner amenities include a fitness and wellness center, upscale lounge, co-working space, boardroom, theater room, and a private dining room and entertainment area. Outdoor amenities on the 7th floor amenities deck include an expansive rooftop terrace with resort-style pool and spa, putting green, bocce court, outdoor kitchen, dog walking area, and fire pit.
Designed by internationally renowned architectural firm, Arquitectonica, the Residences at 400 Central features spacious floorplans with high-end interior finishes, wrap around balconies, and magnificent views. To receive more information, please register at residences400central.com or email firstname.lastname@example.org.
400 Central 400 Central is a transformative, approximately 1.3 million square foot development in the heart of St. Petersburg, Florida that will include a 46-story condominium tower with 301 luxury homes, 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. The design team is led by the internationally renowned architectural firm Arquitectonica. For more information, please register at residences400central.com or email email@example.com
Red Apple Red Apple is a diversified, family-owned group of companies led by John Catsimatidis. Red Apple’s real estate arm, Red Apple Real Estate (RARE), develops and manages mixed-use properties that feature luxury living options with convenient, neighborhood retail elements. Over the past decade RARE has completed numerous residential development projects, which collectively encompass nearly 1,400 residential apartments and 70,000 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 barrel 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. Collectively, Red Apple has almost 10,000 employees.
Michael Saunders & Company In its 45th year of innovative service to Southwest Florida, Michael Saunders & Company is the top independent real estate company in the region with a network of 24 full-service real estate offices—with nearly 700 agents and 200 support team members spanning the Gulf Coast region. International brokerage affiliations with Leading Real Estate Companies of the World, Luxury Portfolio International, and Mayfair International Realty extend the company’s message to qualified buyers globally.
Headquartered in Sarasota, Fla., Michael Saunders & Company affords customers the most comprehensive range of real estate services in the Southwest Florida marketplace. These include mortgage, title, insurance and relocation services, a new homes and condominiums sales division and a commercial real estate division. A philanthropic arm, the MSC Foundation, gives back to Gulf Coast community organizations via donations from agents and staff. For more information about Michael Saunders & Company, please call 1-888-552-5228 or visit michaelsaunders.com.