Pedestrians come to a halt in front of 465 Central Ave. Monday morning, peering past the storefront’s windows to get a peek of the scale model building of what will become the tallest tower in St. Pete.
Inside, the New York billionaire John Catsimatidis Sr., of the Red Apple Group, and his family prepare to celebrate the groundbreaking for the 46-story tower that will rise across the street, at 400 Central Ave.
The St. Pete Catalyst went inside the sales gallery before the dirt-tossing ceremony.
The sales gallery features the building model and actual models of the bathroom and kitchen to provide an immersive experience of what the 301-unit luxury condominium units in The Residences at 400 Central will look like.
Catsimatidis Group purchased the property at 400 Central Ave. several years ago, once the site of the Pheil Hotel, nicknamed the “cheese-grater” building. It was demolished in 2016.
Catsimatidis previously told the Catalyst that he plans to live in a penthouse of the condo, as he is fully invested in continuing work in the community. He has family ties in St. Pete, which he says truly spurred his interest in planting roots in the city with this development.
The condominium homes will offer one-to-four-bedroom floorplans, as well as a selection of custom penthouse homes. Pre-construction pricing starts at $800,000 for the condo units.
Red Apple Group appointed Michael Saunders & Company as the exclusive sales and marketing agent for the project. The condos are being designed by Miami-based architectural firm Arquitectonica.
Residents will have access to over 35,000 square feet of amenities, which include a 36th-floor Sky Lounge Observatory offering views of Tampa Bay, a wellness center, co-working space, a boardroom, a theater room and a private dining room and entertainment area.
Outdoor amenities on the seventh floor include a rooftop terrace with resort-style pool and spa, a putting green, a bocce court, an outdoor kitchen, a dog walking area and a fire pit.
While the emphasis has been on the condos, the tower will have roughly 45,000 square feet of flexible office space.
There will be residential parking and ground-floor retail space, which has been expanded to allow more than 20,000 square feet of retail.
The project is expected to take three years to complete.