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400 Central Tower Begins Excavating Site and Prepares to Drill First Foundation Pilings in Downtown St. Petersburg

Heavy equipment crews on site are presently removing legacy structures and preparing the site for foundation work

(ST. PETERSBURG – April 26, 2022) – Amid strong sales of luxury condominiums at The Residences at 400 Central, construction crews have begun clearing the site with heavy equipment – preparing it for the drilling of foundation piles for the 46-story, luxury condominium tower.

400 Central is anticipated to be the tallest residential building on Florida’s Gulf coast – creating a new neighborhood in the heart St. Petersburg, with shops, restaurants and a rooftop observatory with views from Tampa Bay to the Gulf of Mexico.

“We are thrilled with the progress on site,” said John Catsimatidis Sr., founder of Red Apple Real Estate and principal of the development company sponsoring The Residences at 400 Central. “The response to this tower has been tremendous, and we are excited to move forward with the project.”

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 the process of converting initial reservations to contracts has been completed. Sales of the luxury condominiums are ongoing.

Construction crews have re-routed underground utility lines that had run under site; and are presently removing underground foundation remnants from prior structures as well as the concrete alleyway that bisected the site.

Infrastructure work on First Avenue North is expected to start in early May and last two to three weeks.  A construction fence is also expected to arise around the perimeter during this time period.

The current phase of the work 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 one hundred and eighty feet.

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.


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 or email

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