Skip to main content

St. Pete construction update: High-impact residential projects roll on

By   –  Reporter, Tampa Bay Business Journal

Construction is booming in St. Petersburg and several residential projects are nearing completion that will have an impact throughout the city.

With city staff and elected officials searching for solutions to the rising housing crisis throughout St. Pete many of the residential units springing up are seeing record presales. The downtown core will soon have several new towers filling the skyline with some large projects estimated to be complete by the end of the year.

The Residences at 400 Central

This 46-story condo tower at 400 Central Ave. is being developed by billionaire developer John Catsimatidis Sr., founder of New York-based Red Apple Real Estate. This is slated to be the tallest residential building on Florida’s Gulf Coast.

The Residences at 400 Central will have 301 luxury condominiums along with Class A office space, restaurants and retail. The plan is to have 35,000 square feet of indoor and outdoor amenities including a fitness center, putting green, pool, theater room, dog walking area, co-working space and a sky lounge observatory.

Within the first 90 days of sales, the condominium tower received more than $150 million in reservations, according to the developer. It will have 45,000 square feet of top-tier office space and ground-floor retail and restaurants.

The groundbreaking was held in October 2021 and construction is expected to be completed in 2024.