Advertisement
  1. News
  2. /
  3. Business

Proposal submitted for 45-story condo tower, 225-room hotel in downtown St. Pete

Red Apple Group expects to break ground next year.
The 45-story condo tower and 225-room hotel planned for downtown St. Petersburg. [Courtesy of Arquitectonica] [Arquitectonica]
Published Sep. 5
Updated Sep. 5

ST. PETERSBURG — A 45-story condo tower and a 225-room hotel could start rising next year on a once-derelict block in the heart of St. Petersburg.

New York’s Red Apple Group on Thursday submitted a site plan application to the city for the $300 million project, which also would include more than 800 parking spaces and a total of 45,000 square feet of office and retail space.

John Catsimatidis, the billionaire head of Red Apple, said the project is "very, very special'' to him.

"My wife’s parents lived here for 35 years and I feel St. Pete is my second home,'' he said in a phone interview. "For 35 years my wife’s father talked to me about investing in St. Pete and I finally did.''

Two years ago, Red Apple paid $16.5 million for the entire 400 block of Central Avenue after the previous owners demolished a decrepit garage and two long-vacant buildings. Though preservationists argued that the buildings had historic value and were worth saving, their deteriorating condition ultimately sealed their fate.

In their place is planned:

  • A 45-story tower with approximately 300 one- to -four bedroom residences "with exquisitely designed interior finishes, wrap-around balconies and magnificent water views,'' a release said. Amenities would include a landscaped sundeck with pool, an outdoor kitchen, dining space and a dog park; and a fitness center, a spa and a lounge. The tower, oriented to allow for views of Tampa Bay and the Gulf of Mexico, would be the tallest residential building on Florida’s West Coast, taller than the recently completed, 41-story ONE St. Petersburg a few blocks to the east.
  • A 225-room full-service hotel with more than 15,000 square feet of banquet and meeting space, and a rooftop pool with a casual dining area. Red Apple has previously indicated that the hotel would be part of Marriott’s Autograph Collection. The condo tower and hotel would be connected by a so-called "podium'' with parking for more than 800 vehicles.
  • 20,000 square feet of Class A office space with an entrance off Central Avenue.
  • More than 25,000 square feet of stores and restaurants along Central Avenue and Fourth Street N.

Mayor Rick Kriseman, who had pressed Red Apple for more office and event space than initially proposed, praised the project as an “"important step’' and an "exciting development'' on an empty piece of land.

"As we have continued to talk with John and the Red Apple team, they have been receptive to our input,'' Kriseman said. "With this project, they are delivering in a big way, without having to build a taller structure as originally envisioned. I appreciate their work on this, their commitment to much-needed office space and John’s commitment to our community.''

The application filed Thursday sets in motion a city staff review of the project. Red Apple is not asking for any variances so it probably will not need to go before the city’s Development Review Commission or City Council.

Catsimatidis, whose company has built even larger residential projects in the New York City area, said he intends to retain ownership of the hotel, retail and office components in the St. Petersburg development.

The buildings were designed by Arquitectonica, a Miami firm known for its dramatic contemporary structures. Smith & Associates Real Estate will be the exclusive listing agent for the condos, as it was for ONE St. Petersburg and several other Tampa Bay condo towers.




ALSO IN THIS SECTION

  1. Apollo Global Management has offered $130 per share for Tech Data's stock in an acquisition worth $5.4 billion. If regulators shareholders approve, the home-grown company will remain based in Pinellas County, where it employs 2,000 of its 14,000 workers. DIRK SHADD  |  Tampa Bay Times
    Private equity firms like Apollo create wealth for pension funds, financial institutions and individual investors by buying assets that typically are sold later at a profit.
  2. Some of Tampa Bay's largest companies are being sold or are up for sale. Times files and Bloomin' Brands
    Tech Data is just the latest in a growing list of public companies bought up by out-of-state firms.
  3. Hillsborough Community College solicited "non-binding letters of interest or intent” last month from developers interested in purchasing the Dr. Gwendolyn W. Stephenson District Administration Center on Davis Islands. OCTAVIO JONES  |  Times
    Developers have eyed the 3.7 acre waterfront parcel for years, but recent interest has prompted the college’s trustees to finally start the conversation.
  4. Tampa International Airport looking north. The Wall Street Journal ranked it the best midsize airport in America. [Times files]
    TPA took first place in the Wall Street Journal’s annual survey of U.S. airports.
  5. Tech Data's CEO Rich Hume (left) shares a moment with former CEO Bob Dutkowsky during a send off celebration for Dutkowsky earlier this year. JIM DAMASKE   |   Times
    A private equity firm has agreed to buy Tech Data.
  6. Joseph Erickson, 53, looks out the window at the gulf-[front condo he thought he won at a foreclosure auction last year.t JOHN PENDYGRAFT   |  Times
    "There have been serious allegations,'' Judge Keith Meyer said.
  7. Sam's Club fulfillment center manager Nick Barbieri explains to a shopper how the new Scan & Go shop works at 5135 S Dale Mabry Highway. SARA DINATALE  |  Tampa Bay Times
    Shoppers in Tampa Bay can now skip the line and cash out alcohol on their own phones.
  8. Which cars hold their value best in Tampa Bay? Pictured is traffic in Tampa Bay in 2017. [Times file photo] ELLIOTT, LOREN  |  Elliott, Loren
    For the top spots, think big and rugged.
  9. A rendering of the planned Pinstripes bowling, bocce and bistro space that is planned to open at International Plaza alongside a Cinemex in spring 2021. Pinstripes
    In addition to upscale bowling and movies, there will also be bocce ball and a bistro.
  10. Tech Data's headquarters in Largo. TD AGENCY  |  Courtesy of Tech Data
    The company is being sold to a private equity firm.
Advertisement
Advertisement
Advertisement