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St. Pete Catalyst Red Apple Group selects contractor for 46-story tower

By Veronica Brezina

The Red Apple Group has selected Suffolk Construction Company Inc. as the general contractor to build the The Residences at 400 Central – which will be the tallest tower in the city, soaring 515 feet high.

The named Boston-based general contractor Suffolk is one of the country’s largest general contractors, and recently completed construction of the Tampa Edition Hotel and Residences.

Red Apple Group, controlled by billionaire business mogul John Catsimatidis Sr., has already commenced groundwork for the 46-story tower, which is a planned 1.3 million-square-foot development with 301 condominiums, Class A office space, retail, restaurants and a rooftop terrace.

The Florida economy remains vibrant, with a limited supply of luxury condominium product available in the very desirable City of St. Petersburg. This wonderful project is well situated to fill that demand,” Catsimatidis, founder of Red Apple Real Estate and principal of the development company sponsoring The Residences at 400 Central, said in a statement. “We are thrilled that construction crews are already hard at work on the site and are ready to begin drilling our foundation.”

Currently, construction crews are preparing to drill test pilings for the 400 Central tower foundation, to be immediately followed by the full-scale start of foundation work. Crews will insert 88 steel-reinforced concrete foundation pilings – some of which will span six feet in diameter and reach depths of 180 feet, according to a news release.

The development is expected to take three years to complete.

In February, the group announced it surpassed more than $150 million worth of reservations on condominiums, which have a starting price of $800,000. Catsimatidis will also have a residence in one of the penthouses.

Meanwhile, Red Apple Group is also in the process of restoring a historic clock that’s been on the corner of Central and 5th Street for almost 100 years. Once restored, the clock will be reinstalled.

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