| Foundation work scheduled to start in August 2022 |
| (ST. PETERSBURG – August 15, 2022) – The Residences at 400 Central has selected Suffolk Construction Company, Inc. as general contractor to build the 46-story mixed-use tower in the heart of downtown St. Petersburg, Fla. Suffolk is one of the country’s largest general contractors and has a large presence in Florida – and recently completed construction of the Tampa Edition Hotel and Residences. The Residences at 400 Central, with 1.3 million square feet of interior space, will create a new neighborhood in downtown St. Petersburg. The project includes 301 condominiums, plus shops, Class A office space, restaurants and a rooftop observatory with views from Tampa Bay to the Gulf of Mexico. Construction crews are preparing to drill test pilings for the 400 Central tower foundation to be immediately followed by the full-scale start of foundation work. The current phase of construction is required to accommodate the insertion of 88 steel-reinforced concrete foundation pilings – some of which will span six feet in diameter and reach depths of approximately 180 feet. |
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| “The Florida economy remains vibrant, with a limited supply of luxury condominium product available in the very desirable City of St. Petersburg. This wonderful project is well situated to fill that demand,” said John Catsimatidis Sr., founder of Red Apple Real Estate and principal of the development company sponsoring The Residences at 400 Central. “We are thrilled that construction crews are already hard at work on the site and are ready to begin drilling our foundation.” In addition to recent projects in Tampa, Suffolk is well known for building a wide variety of developments, including the recently completed Montage Big Sky Residences near Yellowstone National Park, the Hudson Exchange West towers in New York City, and the Miami Central complex with two residential towers and a rail station. They are well equipped to handle a project the magnitude of The Residences at 400 Central. |
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| A state-of-the-art sales gallery across from the site at 465 Central Avenue was established by Red Apple and Michael Saunders & Company this past October and is continuing the ongoing process of facilitating the sales of luxury condominiums. 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. To receive more information, please register at residences400central.com or email info@residences400central.com. To download high-resolution images, click here.  |
| 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 info@residences400central.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. SUFFOLKSuffolk is a national enterprise that invests, innovates, and builds. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment and innovation research/development. Suffolk is a national company with $5.0 billion in annual revenue, 2,400 employees and main offices in Miami, West Palm Beach, Tampa, Estero, Boston, New York, Dallas, Los Angeles, San Francisco, and San Diego. Suffolk serves clients in every major industry sector, including healthcare, science and technology, education, gaming, transportation/aviation, and commercial. Suffolk is privately held and is led by founder, chairman and CEO John Fish. Suffolk is ranked #23 on the Engineering News Record list of “Top 400 Contractors.” Michael Saunders & CompanyIn 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. |