St. Petersburg FL Real Estate Development has not slowed during the Covid-19 Pandemic. If anything, the real estate market has gained even more steam. Additionally, large projects like 400 Central Ave. is being pushed even faster since many citizens of New York are fleeing to Florida during their pandemic lockdowns. Speaking to one person who just bought a condo in St Petersburg FL shared “New York has been destroyed by the decisions of the governor and mayor of New York City, and we will never go back.” Also, Red Apple Real Estate Development Group CEO also said “400 Central Ave. must gain momentum for all the New Yorkers who will be fleeing to the Sunshine State.”
In a press release, Red Apple Group, announced that the main tower will stand 45-stories and feature over 300 residential units ranging from one- to four-bedroom units. Additionally. foundation plans have been submitted to the city for approval and plans are underway for permitting and preliminary site preparation. Furthermore, the Federal Aviation Administration issued approval for the 46 floor tower that will feature condominiums and a 46th-floor observatory and lounge.
400 Central Features: Update 8/18/20
The new tower at 400 Central will feature 300 condominiums. And condo owners will have access to amenities that include a fitness and wellness center. Also, there will be an upscale lounge, co-working space, a conference room, library, theatre, and private dining area. Moreover, there will be a spectacular rooftop pool and spa that will create a resort-style atmosphere. Additionally, there will be a putting green, bocce court, outdoor kitchen, fire pits and a dog walking trail.
Ground breaking is being anticipated in early 2021. And being one of the largest projects in St Petersburg FL, the total cost will be over $300 million. Also, this is more than double the $120 million cost to construct the recently completed ONE St. Petersburg. Moreover, the cost will also surpass the expected $200 million budget for Saltaire, a 35-story condo tower recently proposed for the downtown Hilton surface parking lot at 300 1st Street South.
We will keep you updated as soon as new information is available.
400 Central Preliminary Plans Released
St. Petersburg, FL is abuzz with the exciting news of plans for a new tower at 400 Central Ave.! The preliminary plans are showing a 52 story building that is 610 feet tall. This design is 150 feet taller than the current tallest building in St. Petersburg, “ONE”.
Reviewing several architect’s proposals, the owner of the 400 Central Ave. property, John Catsimatidis, is choosing to go with the internationally acclaimed Arquitectonica of Miami to design the project.
What The Preliminary Plans Reveal
The preliminary plans for the new tower at 400 Central Ave include 23,000 square feet of retail space on street level. This retail space facing Central Ave. will add to the amazing energy happening on Central Ave. Plans for the New
Tower at 400 Central Ave also call for a 3600 square foot hotel restaurant that flanks the west side of the property on 5th Street. Another 13,000 square feet on the 2nd floor will house office and/or retail space. Current plans also show low-rise condos in the mix. The adjoining hotel tower occupies floors 8 through 13 and condos reaching to the sky 37 floors. This
being the 15 through 52nd floors.
In conclusion, John Catsimatidis, the CEO of Red Apple Group Real Estate Firm in New York City, encourages people to realize that the plans for a new tower at 400 Central Ave. are preliminary and nothing is set in stone. Furthermore, just the fact that such a high-end architectural firm
is on board, shows a commitment
by Catsimatidis will make 400 Central block the envy of the world. Moreover, John Catsimatidis, who has family ties to St. Petersburg, FL is putting St. Pete on the map with the world class architectural design. With ever-exceeding excitement, we anticipate to see the process morph before our eyes. Ground-breaking is on target for early 2019. We will keep you posted!