St. Pete luxury condo tower Residences at 400 Central, to be tallest residential building on Florida's West Coast, is halfway complete
By Breanne Williams
Tampa Bay Business Journal
Published: Mar 18, 2024

The St. Petersburg luxury condo tower that will be the tallest residential building on Florida’s West Coast is more than halfway complete.

Red Apple Group founder John Catsimatidis Sr., the developer of The Residences at 400 Central, gave a tour of the construction site March 16 to celebrate the start of construction on the 26th floor.

Suffolk Construction Co., the project’s general contractor, finishes a floor roughly every seven days.

The tower occupies an entire city block in downtown St. Pete and will total 1.3 million square feet at completion. It will include 60,000 square feet of retail and restaurant space. Catsimatidis said they are “actively exploring” ways to increase the existing plans for 45,000 square feet of office space on the site.

There will also be 301 condominium residences within the $400 million tower. Catsimatidis will be purchasing a penthouse at the location. In October 2023, Red Apple said they surpassed $250 million in sales.

The 46th floor will be home to the Sky Observatory, which will allow residents to enjoy views of downtown and Tampa Bay.

Construction is on schedule to be completed by spring 2025.

While this is Red Apple Group’s first project in the Tampa Bay region, Catsimatidis said it will not be the last. His son, John Catsimatidis Jr., who took the helm at Red Apple Group in January, said he wants to invest $2 billion in Florida real estate in the next few years.

He previously told the Business Journal the firm would “love to do more projects” of a similar scope to The Residences at 400 Central. While they’re largely focused on the west coast of Florida, they are looking throughout the entire state for the next opportunity.