A luxury condominium poised to be the tallest residential tower on Florida’s west coast is quickly rising in the heart of downtown St. Petersburg.
Red Apple Development and Suffolk Construction broke ground on the Residences at 400 Central two years ago. They have completed 11 floors of the 46-story tower.
John Catsimatidis, the billionaire developer behind the project, invited St. Petersburg Mayor Ken Welch and a group of buyers in the building to tour the construction site on Saturday.
“This is transformative for our city,” Welch said at the event.
The building recently surpassed $250 million in residential sales.
Once completed, the $400 million tower will include 301 condos, 45,000 square feet of office space, 60,000 square feet of retail space and a residents-only observatory on the top floor.
In a statement, Catsimatidis said his team has entered discussions with several commercial tenants interested in opening businesses and restaurants in the building.
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“We are looking for a destination restaurant that will be something truly special and elevates the dining experience in St. Petersburg,” he said.