Florida & Gulf Coast + Central Florida + Finance | January 9, 2023

Red Apple Real Estate has secured $252 million in financing for the construction of Residences at 400 Central in St. Petersburg, FL from Bank OZK

Red Apple Real Estate Secure $252M Build Loan for Residential Tower in St. Petersburg

Red Apple Real Estate has secured $252 million in financing for the construction of Residences at 400 Central, a 46-story mixed-use residential tower in downtown St. Petersburg, FL. Vertical construction of the tower is scheduled to commence by March 2023,

The financing will be provided to Red Apple Real Estate, the real estate arm of Red Apple and a developer and manager of mixed-use properties, by construction lender Bank OZK.

The Residences at 400 Central will encompass 1.3 million square feet of interior space that includes 301 luxury condominiums with views of Tampa Bay and the Gulf of Mexico, 40,000 square feet Class A office space, and shops and restaurants.

The tower will rise 515 feet above downtown St. Petersburg’s Central Avenue and offer 35,000 square feet of modern, private indoor and outdoor amenities. Residences 400 Central’s staff will include a dedicated lifestyle coordinator who will activate the amenities by organizing activities.

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Residences at 400 Central

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.