• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

John Catsimatidis breaks ground on 46-story condo project in St. Pete

A rendering of The Residences at 400 Central and John Catsimatidis (Catsimatidis via Getty)
A rendering of The Residences at 400 Central and John Catsimatidis (Catsimatidis via Getty)

Billionaire John Catsimatidis broke ground on the tallest tower on Florida’s Gulf Coast this week.

The 46-story condominium tower in St. Petersburg is also the first residential project outside New York and the first condo project for the developer and businessman’s Red Apple Real Estate. The project totals 1.3 million square feet.

The Residences at 400 Central is slated to rise on a full city block in the city’s downtown. Plans call for 301 condo units and a handful of penthouse units. They are a mix of one- to four-bedroom units with pre-construction pricing starting at $800,000.

A rendering of The Residences at 400 Central
A rendering of The Residences at 400 Central

Some 35,000 square feet of amenities are planned for the tower, including a gym, lounge and a theater. Residents will have access to an observatory on the 46th floor and a seventh-floor deck is to include a pool and spa, putting green and outdoor kitchen.

Sarasota-based Michael Saunders & Company is handling leasing for the project.

Catsimatidis, a developer who made his $3 billion-plus fortune in oil refineries, gas stations with convenience stores and Gristedes supermarkets, told the Tampa Bay Business Journal he expects some interest from his fellow Northeasterners.

“I think Northerners are tired of Covid, tired of the cold, they’re tired of criminals, and they’re moving on down,” he said.

The Greece-born New Yorker himself has recently signaled a preference for Florida over his hometown, at least in terms of their potential for investment.

Catsimatidis has been pushing to build three apartment towers in Coney Island as a complement to his 450-unit Ocean Drive project. He said he’d take his money south if the city didn’t approve his new plans.

“You’ve got to get the best for your investment,” he told the New York Post. “Why spend in New York when you can build in Florida?”

Still, the occasional New York City mayoral candidate appears to be a New Yorker at heart. Earlier this year, he was reportedly weighing a switch to the Democratic Party to give himself more of a chance at Gracie Mansion, but ultimately decided against it and said if he did run again, he would do so as a Republican or Liberal.

[contact-form-7 404 "Not Found"]

The post John Catsimatidis breaks ground on 46-story condo project in St. Pete appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 24 October 2021
  • The Real Deal
  • Uncategorized
  •  Like
Downtown LA busiest in nation for new apartments →← Saudi Arabia’s newest attraction: roller coasters on an oil rig
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM