Tampa BayMarket Report
Residences at 400 Central — 44-story tower in Downtown St. Petersburg
Delivered
Iconic Downtown Living at the Heart of St. Petersburg

Residences at 400 Central

Move-in ready condominiums in downtown St. Petersburg presenting immediate inventory opportunity. Current 2BR entry around $1.0M targets professional couples and downsizers — the most attainable downtown new construction relative to Art House and Waldorf pre-sales ($1.5M+). The delivery wave continues: 49 closings Mar–May 2026 averaged $1,086/SF; 29 active MLS listings (Jun 2026, avg ask ~$1,020/SF).

0
Total Residences
520' / 44 Stories
0%
Sold
223 of 301 units
$252M+ (est.)
Contracted Sales
Since 2022
Available Now
Delivery
Velocity: ~4.6/mo since 2022 launch
Executive Summary

400 Central — Downtown St. Petersburg from $1.08M

Data-driven analysis of pricing, velocity, and inventory for the professional buyer audience.

Residences at 400 Central — 44-story tower in Downtown St. Petersburg

400 Central remains the most attainable entry point to Downtown St. Petersburg new construction. Current active listings start at $1.08M — materially below Art House's $1.36M entry and Waldorf's $1.5M+ pre-sale floor — and the building is delivered, eliminating pre-construction risk.

Market Overview

Residences at 400 Central delivers 301 condominiums in a 44-story high-rise tower at the corner of Central Avenue and 4th Street in Downtown St. Petersburg. Developed by Red Apple Group with architecture by Arquitectonica, the building is move-in ready with immediate occupancy available.

The most accessible new-construction option in Downtown St. Petersburg — delivered, walkable, and priced for the professional buyer.

ATLAS Market Intelligence

Market Significance

At a current active entry of $1.08M (2BR, 1,358 SF, $795/SF), 400 Central remains the most attainable new-construction option in Downtown St. Petersburg — positioned below Art House ($1.36M entry) and dramatically below Waldorf Astoria ($1.5M+ for delivered pre-sales). Historical launch pricing from 2022 was as low as $525K, with actual dev-close prices ranging $807K–$1.25M; today’s active inventory has repriced into the $1M+ band as the delivery wave completes.

44
Stories
301
Residences
Sales Performance

PCPAO confirms 223 third-party-owned units (74.1% sell-through) at $961 avg PSF. Developer (CATS Red Apple St Pete LLC) retains 78 units — 37 delivered-and-unsold plus 41 upper-floor pre-CO parcels. Absorption velocity averaged 43.6 units/month during the Dec 2025–Apr 2026 delivery wave. Feb 2026 peak: 79 closings in a single month. 6 penthouse closings on floors 40-43 at $4.7M–$6.0M.

Residences at 400 Central residence
Branded Value

The 400 Central Advantage

Attainable Downtown Luxury

Current active inventory from $1.08M — the most attainable Downtown St. Petersburg new-construction entry today. Delivered building, no pre-construction risk, no years-long wait.

Central Avenue Address

Located at the heart of St. Pete's most walkable corridor with 200+ restaurants, bars, galleries, and shops within a 10-minute walk.

Delivered & Move-In Ready

Building is complete, units are finished, and immediate occupancy eliminates the uncertainty that defines pre-construction purchases.

Arquitectonica Design

Internationally recognized architectural firm brings design credibility to a 44-story tower — clean lines, open floor plans, and private balconies.

74.1%
Sold in 5 Months

223 of 301 units contracted pre-construction

Market Evidence

What The Numbers Say

Validated demand signals that redefine the comparable landscape for every luxury listing in the Tampa Bay metro.

400 Central occupies a unique position in the Downtown St. Petersburg new-construction landscape. With 223 PCPAO-verified third-party owners at $961/SF average and 74.1% sell-through, the building has proven its market thesis. While Art House commands $870/SF average and Waldorf Astoria projects $1,265+ PSF, 400 Central's $1.08M active entry (down from $1.5M+ at Waldorf) creates an entirely different buyer conversation — one centered on attainability within the downtown core, not exclusivity.

For advisors, the significance is practical: 400 Central is the answer for clients who want new construction in downtown but can't (or won't) commit to $1M+. The delivered status eliminates pre-construction anxiety, and the Central Avenue location delivers genuine walkability without the Beach Drive price premium.

From $1.08M
Entry Price Point

Most attainable Downtown St. Petersburg new-construction entry today. Active 2BR listings start at $1.08M ($795/SF) — about 20% below Art House's $1.36M entry and ~30% below Waldorf's $1.5M+ pre-sale floor. Historical 2022 launch pricing was from $525K for smallest units.

$950/SF
Avg Price Per SF

Weighted average across 219 closed sales (Stellar MLS, Dec 2025 – Apr 2026). Range: $585–$1,418/SF depending on floor, unit size, and exposure. Up from $824/SF in initial 66-sale dataset as penthouse closings pulled average higher.

301 units
Total Units

Largest new-construction condominium project in Downtown St. Petersburg by unit count. 44-story high-rise format.

219 units
MLS Closed Sales

219 units closed on Stellar MLS between Dec 2025 and Apr 2026. Average $950/SF. SP/LP ratio of 1.00. Bulk delivery wave — 79 closings in Feb 2026 alone, the largest single-month closing wave in Tampa Bay new construction.

1,277–4,849 SF
Unit Size Range

2BR to 4BR floor plans across 9 unit positions per floor. Standard units 1,277–2,658 SF. Penthouses up to 4,849 SF. Open-concept layouts with private balconies and floor-to-ceiling windows.

74.1% (223 of 301)
Sell-Through

223 residential parcels held by third parties per PCPAO (2026-04-22). Developer (CATS Red Apple St Pete LLC) retains 78 units (25.9%): 37 CO'd delivered-unsold + 41 upper-floor pre-CO. Q1 2026 closings: 52 units Jan–Mar. Average velocity 43.6 units/month during the Dec 2025–Apr 2026 delivery wave.

40.7% (70 of 172 sold)
Entity Ownership

40.7% of sold units are held by LLCs, trusts, or corporate entities. 27.9% in trusts (48 units) — indicating sophisticated estate-planning buyers. 12.8% in LLCs (22 units) — pure investor acquisitions. This is an exceptionally high entity-ownership ratio for a Gulf Coast new-construction project.

65.7% Couples / 34.3% Single
Buyer Profile

Among 102 individual (non-entity) owners, 67 are joint/couple ownership (65.7%). 35 are single-name owners (34.3%). Combined with 100% cash purchases on MLS closings, this signals a wealth-driven buyer pool — not first-time or mortgage-dependent purchasers.

78 units remaining
Developer Inventory Concentration

CATS Red Apple St Pete LLC retains 78 units per PCPAO 2026-04-22. 13 developer listings currently active on MLS (Roopani + Michael Saunders) at median $1,052/SF. Developer inventory concentrated on floors 19-44, with 41 upper-floor parcels still pre-CO.

$4.7M–$6.0M
Penthouse Closings

6 penthouse closings on floors 40-43 at $1,189–$1,418/SF. Unit 4301 closed at $6,006,298 ($1,418/SF) — a 4BR penthouse setting the building record. These closings significantly lifted the overall average PSF.

$1,052 vs $976/SF
Developer vs Resale

Dual-market dynamic intensifying: 13 developer listings at median $1,052/SF competing with 15 owner resale listings at median $976/SF — a ~7% gap. Resales now outnumber developer listings for the first time. Flip premium: resale median $976 is +16.2% over developer-close median $840/SF.

+$13.62/SF per floor
Floor Premium Curve

Non-linear floor premium across 40 floors. FL3-20: $800-$950/SF (base tier). FL21-35: $920-$1,100/SF (premium tier, +15% over base). FL36-43: $1,100-$1,418/SF (ultra tier, +35% over base). Premium accelerates above FL30 — convexity pricing where height has exponential, not linear, value. Base FL3 avg $815/SF vs top FL43 avg $1,360/SF = +$545/SF total premium.

Pos 7 & 1 lead at $1,070/SF
Position Rankings (Stack PSF)

Corner flowthrough positions (1 & 7) at 2,600-2,700 SF command 25%+ PSF premium over interior 2BR positions. Rankings: Pos 7 ($1,071/SF, 3BR corner), Pos 1 ($1,067/SF, 3BR corner), Pos 6 ($967/SF), Pos 3 ($958/SF), Pos 5 ($930/SF), Pos 8 ($898/SF, 2BR), Pos 2 ($886/SF), Pos 9 ($865/SF, 2BR), Pos 4 ($836/SF, 2BR). Corner exposure + flow-through layout = maximum value capture.

19/19 winners — avg +17.9%
Flip Profit Analysis

All 19 owner-flippers are in profit territory. Average markup: +$276K/unit (+17.9% over developer close price). Highest: Unit 1609 at +37.7% (+$342K). Lowest: Unit 1603 at +1.8% (+$21K). Total portfolio markup: $5.24M across 19 units. Zero losers. This is extraordinary for a building that just started closings 5 months ago — signals strong underlying demand and developer pricing below market clearing.

3BR 1.8x faster than 2BR
Absorption by Unit Type

3BR units absorbed at 41.3/mo vs 2BR at 23.3/mo — 1.8x velocity differential. 4BR penthouses: 3.9/mo (7 total, $1,219/SF avg). Highest volume segment: 1,301-1,400 SF small 2BR at 29.2% of all sales. All bedroom types started closing simultaneously (Dec 29, 2025) — developer released full building inventory at once rather than phased approach.

Advisory Insight

What This Means For Your Practice

For Buyer Advisors

PCPAO 2026-04-22: 78 of 301 units (25.9%) remain developer-held — 37 delivered-unsold plus 41 upper-floor pre-CO. 13 developer listings active at median $1,052/SF versus 15 resale listings at median $976/SF — buyers have two markets to shop. The delivered building means buyers can tour finished units on floors 3–24, not renderings, and financing is standard (no pre-construction deposit structure).

For Listing Advisors

PCPAO data shows 40.7% entity ownership (LLCs and trusts) among sold units — the highest ratio in the downtown corridor. When benchmarking resale condos, 400 Central's realized $961/SF average establishes the mid-market reference. Dual-market spread: resale median $976/SF vs developer median $1,052/SF (≈7% discount). Flip premium over developer-close median $840/SF is +16.2% — owners realizing carry. Monitor for pricing pressure as more investor-held units hit the market.

For Investment Advisors

The 12.8% LLC ownership rate (22 of 172 verified sales) confirms strong investor demand. Rental-friendly policy and Central Avenue location command competitive rents. However, the 78-unit developer overhang creates risk: if Red Apple accelerates liquidation, resale investors face competition from developer pricing at $1,052/SF. Early resale market forming at $976/SF median. Key signal: resale PSF averages ~7% below developer ask, establishing the discount resale buyers expect.

Ownership Intelligence

PCPAO as of 2026-04-22: 223 third-party-owned residential parcels (74.1% sell-through). Developer retains 78 units (37 delivered-unsold + 41 upper-floor pre-CO). Owner composition: 40.7% entity ownership (LLCs + trusts). Dual-market phase: 13 developer listings (median $1,052/SF) vs 15 resale listings (median $976/SF). 1 pending: Unit 4102 penthouse at $4,795,000 ($1,221/SF). Unit 4301 record close at $6,006,298 ($1,418/SF).

Sales Intelligence

Absorption & Velocity

Monthly absorption trends, velocity metrics, and entry pricing — the data behind your next client presentation.

Absorption rate is the single most revealing metric in pre-construction analysis — it measures how many units the market is willing to contract per month before the building physically exists. Unlike resale inventory where buyers tour finished spaces, pre-construction absorption reflects pure demand conviction: buyers are committing millions based on floor plans, renderings, and brand positioning alone. The chart below tracks monthly contract activity from launch through present, while the metrics grid distills the pace into velocity benchmarks, peak demand periods, and projected sellout timelines. Together, these data points tell you whether the market has validated the developer's pricing thesis — and at what speed.

Monthly Absorption Trend

2022 — Present
Absorption Progress74.1%
223 sold78 available
~4.6/mo since 2022 launch
Velocity
$252M+ (est.)
Contracted
79
Peak Month (Feb 2026)
TBD
Projected Sellout

Entry Pricing

2 Bedroom
$0.81M
3 Bedroom
$1.39M
4 Bedroom / Penthouse
$3.39M

Sales Timeline

2021

Project Announcement

Red Apple Group announces Residences at 400 Central — a 301-unit, 44-story condominium at 400 Central Ave in Downtown St. Petersburg. Arquitectonica selected as design architect.

2022

Sales Launch & Construction Start

Pre-sales begin and vertical construction commences. Initial pricing from $525,000 targets the professional buyer segment. Early absorption benefits from pandemic migration tailwind.

2024

Construction Complete — TCO

Building achieves Temporary Certificate of Occupancy (TCO). All units available for immediate move-in. Delivery-phase closings begin.

Q1 2025Current

Active Delivery

Approximately 80% of 301 units closed or under contract. Remaining ~61 units available for immediate occupancy with finished-product advantage.

Q4 2026

Projected Sellout

At current velocity, remaining inventory expected to clear by late 2026. Final units may see accelerated absorption as scarcity premium takes hold.

Advisory Insight

What This Velocity Tells You

Demand Signal

223 units sold in 5 months at a 4.6-unit monthly pace — and this is a pre-construction project with no model units, no finished amenity deck, and no physical building to tour. The buyer is purchasing on brand, floor plan, and view alone. That is a conviction trade, not a convenience purchase.

For Your Listings

If $252M+ (est.) in contracts can be absorbed at $1,400+ PSF pre-construction, your resale inventory at $800–$1,100 PSF has a strengthened pricing floor. Use this absorption data in your CMAs: it validates that the downtown St. Petersburg luxury buyer is willing to transact at historically unprecedented levels. The velocity here is your evidence.

Unlock Residences at 400 Central pricing & sold comps

Full pricing ladder, floor-by-floor PSF, and what units actually sold for — sourced from Stellar MLS. Enter your email to view.

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Competitive Landscape

Market Positioning

How Residences at 400 Central compares to the premium tower inventory — the data your clients will ask for.

400 Central

74.1% Sold (223 units)
Height
44 stories
Units
301
Avg PSF
$961
Delivery
Available Now

Art House

86.9% Sold (212 units)
Height
42 stories
Units
244
Avg PSF
$877
Delivery
Available Now

Waldorf Astoria

20.2% Sold (33 units)
Height
50 stories
Units
163
Avg PSF
$1,503
Delivery
Q4 2030

Roche Bobois

Pre-Sales (40+ contracts)
Height
29 stories
Units
164
Avg PSF
$1,433
Delivery
Jan 2029

The Cade

53.3% Under Contract
Height
7 stories
Units
15
Avg PSF
$907
Delivery
2028

Reflection

Delivered — 7 Remain
Height
18 stories
Units
88
Avg PSF
$727
Delivery
Available Now

Pendry Tampa

Under Construction
Height
38 stories
Units
207
Avg PSF
$1,397
Delivery
Late 2026

Tampa EDITION

Available Now — 3 Resale
Height
26 stories
Units
37
Avg PSF
$1,547
Delivery
Available Now
Advisory Insight

How This Reshapes Your Comparables

Pricing Ceiling Reset

Residences at 400 Central has established a new pricing tier at $961 avg PSF, compared to peer buildings ranging from $877 to $1,503 to $1,433 to $907 to $727 to $1,397 to $1,547. Every luxury listing in this market now has a higher benchmark to reference — and every CMA you produce should reflect this shift.

Competitive Spread

The competitive set includes Art House ($877), Waldorf Astoria ($1,503), Roche Bobois ($1,433), The Cade ($907), Reflection ($727), Pendry Tampa ($1,397), and Tampa EDITION ($1,547). At $961 PSF, Residences at 400 Central commands a premium over delivered product. For clients holding inventory in peer buildings, the spread between delivered pricing and a Available Now delivery creates a compelling narrative for motivated buyers.

Supply Dynamics

With 8 premium towers in the competitive set buyers have a defined set of options at this price point. For your clients, this means understanding which buildings have remaining developer inventory versus resale, and how Residences at 400 Central's Available Now delivery timeline positions it against available alternatives.

Central Avenue Corridor

Location Intelligence

400 Central Ave. — Walk Score 89 in 400 Central Ave., St. Petersburg 33701. Every amenity your clients expect, within minutes of the lobby.

400 Central dusk exterior
44-story tower at dusk in Downtown St. Petersburg
0
Walk Score
Walker's Paradise
0
Bike Score
Very Bikeable
0
Cultural Access
Excellent
0
Dining & Nightlife
Outstanding
0
Waterfront Access
Very Good
0
Transit Score
Some Transit
🍽️

Dining & Gastronomy

Bodega

200 ft

Cuban-inspired street food, craft cocktails, late-night favorite

1 min walk

The Mill

0.1 miles

Modern American, craft cocktails, Central Ave anchor

2 min walk

Red Mesa Cantina

0.1 miles

Upscale Mexican, rooftop bar with skyline views

2 min walk

IL Ritorno

0.2 miles

James Beard-nominated, handmade pastas and wood-fired dishes

4 min walk

Rococo Steak

0.3 miles

Classic steakhouse in stunning 1920s-era building

5 min walk

Cassis

0.4 miles

French-American bistro, scenic bayfront terrace

7 min walk

Allelo

0.4 miles

Mediterranean-influenced, current darling of fine dining scene

7 min walk

The Birchwood

0.4 miles

Rooftop dining with waterfront views, Michelin Guide recognized

7 min walk

Saturday Morning Market

0.4 miles

Largest open-air market in the Southeast (seasonal)

8 min walk
🎨

Culture & Museums

Central Arts District

0.0 miles

Galleries, murals, and creative spaces along Central Ave

1 min walk

Florida Holocaust Museum

0.2 miles

One of the largest in the United States

4 min walk

The James Museum

0.3 miles

$75M collection of Western and Wildlife Art

5 min walk

Museum of Fine Arts

0.5 miles

20,000+ works spanning 5,000 years

10 min walk

The Dalí Museum

0.6 miles

Largest collection of Dalí's work outside Europe

12 min walk

Imagine Museum

1.0 miles

Contemporary glass art museum

Dr. Carter G. Woodson Museum

1.2 miles

African American history and culture

🌳

Parks & Waterfront

Williams Park

0.1 miles

Historic downtown park directly adjacent to 400 Central

1 min walk

North & South Straub Parks

0.3 miles

Bayfront green space connecting downtown to the waterfront

5 min walk

Vinoy Park

0.5 miles

15-acre bayfront park with events and marina views

10 min walk

St. Pete Pier

0.6 miles

$92M waterfront destination with dining, shops, splash pad

12 min walk

Pinellas Trail

0.3 miles

75-mile paved cycling/walking trail to beaches, Gulfport, and Tarpon Springs

5 min walk
🎵

Entertainment & Nightlife

Jannus Live

0.2 miles

Iconic outdoor concert venue in downtown courtyard

3 min walk

The Floridian Social Club

0.2 miles

Live music and social events venue

3 min walk

American Stage

0.2 miles

Tampa Bay's longest-running professional theater

4 min walk

Mahaffey Theater

0.4 miles

Major performing arts and concert venue

8 min walk

Al Lang Stadium

0.5 miles

Tampa Bay Rowdies (USL), waterfront concerts and events

10 min walk

Tropicana Field

0.5 miles

Future mixed-use redevelopment — new MLB stadium, 6M+ SF master plan

10 min walk
💆

Wellness & Shopping

Sundial St. Pete

0.2 miles

Open-air shopping, dining, and entertainment complex

4 min walk

Central Avenue Shops

0.0 miles

200+ boutiques, vintage stores, and local shops

1 min walk

Woodhouse Spa

0.3 miles

HydraFacials, volcanic stone massages, private suites

5 min walk

Jackie Z Style Co

0.3 miles

Premier fashion, designer brands, personal styling

📍

Transportation

SunRunner BRT

0.2 miles

Bus Rapid Transit connecting downtown to St. Pete Beach

3 min walk

Cross-Bay Ferry

0.5 miles

Passenger ferry to downtown Tampa, scenic 50-minute crossing

10 min walk

Albert Whitted Airport (SPG)

0.5 miles

FBO services for private aviation, 3 min from building

St. Pete–Clearwater Intl (PIE)

17 min drive

Regional airport with FBO and private terminal

Tampa International (TPA)

26 min drive

Major international airport

🏥

Medical

Bayfront Health

0.5 miles

Level II Trauma Center, 24/7 emergency

Johns Hopkins All Children's

0.6 miles

World-class pediatric, nationally ranked

St. Anthony's Hospital

1.1 miles

Premier heart and vascular center

Airport Access

✈️
St. Pete–Clearwater International Airport
(PIE)
20 min
drive
✈️
Tampa International Airport
(TPA)
30 min
drive
💡

Advisory Insight

Central Avenue — The Walkable Urban Core

400 Central sits at the epicenter of St. Petersburg's most dynamic street — Central Avenue. With a Walk Score of 89, residents are steps from over 200 restaurants, bars, galleries, and shops stretching from Downtown to the Grand Central District.

The SunRunner BRT provides direct transit to the Gulf beaches, while two airports (PIE at 20 min, TPA at 30 min) serve regional and international travel. The planned Tropicana Field redevelopment will inject an 86-acre mixed-use district into the adjacent neighborhood.

Walk Score 89 — among the most walkable addresses in Tampa Bay
Central Avenue frontage with 200+ restaurants, bars, and shops
Sundial St. Pete mixed-use complex 2 blocks east
SunRunner BRT to Gulf beaches from nearby stop
Tropicana Field redevelopment planned — 86-acre mixed-use catalyst
Building Intelligence

Specifications & Policies

The specifications and residence policies you need to qualify buyers and set expectations.

Building specifications are where marketing narratives meet structural reality — ceiling heights, floor counts, unit mix ratios, and average PSF tell you whether a development is positioned to compete or to lead. The data below captures the engineering and design commitments that are locked in at construction: these are not aspirational bullet points, they are contractual deliverables filed with the DBPR. Residence policies (pets, rentals, parking) follow the specs because they directly affect resale liquidity and rental income — two factors every buyer and agent should evaluate before contract.

400 Central dusk exterior
Private Terrace View
Total Height
520'
44 Stories
Total Residences
301
Floors 3-44
Unit Mix
1BR to 3BR
9 typical + 0 penthouse plans
Avg PSF
$961
$585 - $1418
Ceiling Height
9'6"
Typical residences
Penthouses
0
Premium floor plans

Residence Policies

ℹ️
Rental Policy
Rentals Permitted
  • Owner rentals permitted with condo association approval
  • 6-month minimum lease period (MLS broker data confirmed)
  • Association approval required

Advisory: 6-month minimum lease is standard for downtown St Pete new construction (same as Waldorf, Reflection). More flexible than 1x/year cap at Waldorf. Attractive for investor-buyers seeking income production.

ℹ️
Pet Policy
Pet-Friendly
  • Pets allowed with reasonable size and breed restrictions.
  • Contact the association for current pet policy details.
ℹ️
Parking
Covered Parking Included
  • Each unit includes dedicated covered parking in the structured garage.
  • Guest parking available on a limited basis.
Residences at 400 Central Living

World-Class Amenities

4 curated amenity spaces designed for residents.

400 Central dusk exterior
12th Floor
🏊

Rooftop Pool Deck

Elevated pool and sun deck with city skyline and waterfront views.

Sky Lounge observation deck
Ground Level
🏋️

Fitness Center

State-of-the-art fitness facility with cardio and strength equipment.

400 Central rising above downtown
Ground Level

Resident Lounge

Private lounge with kitchen and entertainment area for resident gatherings.

400 Central exterior establishing shot
Below Grade
🅿️

Covered Parking

Structured parking garage with secure resident access.

Floor Plans

Residence Collection

Six distinctive floor plans across levels 21–46, each with private terraces and floor-to-ceiling bay views.

Type 01

FL 5-42
3 BR
3.5 BA
2,658 SF
0 SF terrace
2,658 SF total

Type 02

FL 5-42
3 BR
2.5 BA
1,762 SF
0 SF terrace
1,762 SF total

Type 03

FL 5-25
2 BR
2.5 BA
1,358 SF
0 SF terrace
1,358 SF total

Type 04

FL 5-42
2 BR
2.5 BA
1,311 SF
0 SF terrace
1,311 SF total

Type 05

FL 5-21
3 BR
3 BA
1,732 SF
0 SF terrace
1,732 SF total

Type 06

FL 5-19
2 BR
2.5 BA
1,277 SF
0 SF terrace
1,277 SF total

Type 07

FL 5-42
3 BR
3.5 BA
2,606 SF
0 SF terrace
2,606 SF total

Type 08

FL 5-42
2 BR
2.5 BA
1,348 SF
0 SF terrace
1,348 SF total

Type 09

FL 5-42
2 BR
2.5 BA
1,380 SF
0 SF terrace
1,380 SF total

Type 03 Upper

FL 26-42
3 BR
3 BA
1,782 SF
0 SF terrace
1,782 SF total

Type 05 Upper

FL 22-42
3 BR
3 BA
1,921 SF
0 SF terrace
1,921 SF total

Type 06 Upper

FL 20-42
3 BR
3 BA
1,948 SF
0 SF terrace
1,948 SF total
Interior Finishes

Residence Features

Premium finishes, modern appliances, and thoughtful design throughout every residence.

Chef's Kitchen

  • Gourmet kitchens with islands
  • Quartz countertops
  • Stainless steel appliance package
  • Soft-close cabinetry

Spa Bathrooms

  • Designer vanities
  • Porcelain tile flooring
  • Frameless glass shower enclosures

Smart Home

  • Smart thermostat
  • USB outlets throughout
  • Pre-wired for high-speed internet

Residence Finishes

  • Open-concept floor plans
  • Floor-to-ceiling windows
  • Private balconies
  • Hardwood and tile flooring
  • In-unit laundry
  • Energy-efficient construction
  • Hurricane-rated construction
Branded Residence Value

The 400 Central Advantage

The tangible advantages your clients receive from owning in this development.

Attainable Downtown Luxury

Current active inventory from $1.08M — the most attainable Downtown St. Petersburg new-construction entry today. Delivered building, no pre-construction risk, no years-long wait.

Central Avenue Address

Located at the heart of St. Pete's most walkable corridor with 200+ restaurants, bars, galleries, and shops within a 10-minute walk.

Delivered & Move-In Ready

Building is complete, units are finished, and immediate occupancy eliminates the uncertainty that defines pre-construction purchases.

Arquitectonica Design

Internationally recognized architectural firm brings design credibility to a 44-story tower — clean lines, open floor plans, and private balconies.

Interior Standard

Interior Finishes

Premium finishes and modern design throughout every residence.

Living Spaces

  • Open-concept floor plans
  • Floor-to-ceiling windows
  • Private balconies
  • Hardwood and tile flooring
  • In-unit laundry
  • Energy-efficient construction
  • Hurricane-rated construction

Chef's Kitchen

  • Gourmet kitchens with islands
  • Quartz countertops
  • Stainless steel appliance package
  • Soft-close cabinetry

Spa Baths

  • Designer vanities
  • Porcelain tile flooring
  • Frameless glass shower enclosures

Smart Home

  • Smart thermostat
  • USB outlets throughout
  • Pre-wired for high-speed internet
Development Timeline

Project Milestones

Key milestones from approval through projected delivery — the narrative your clients need to understand this project's trajectory.

Completed2021

Project Announcement

Red Apple Group announces Residences at 400 Central — a 301-unit, 44-story condominium at 400 Central Ave in Downtown St. Petersburg. Arquitectonica selected as design architect.

Completed2022

Sales Launch & Construction Start

Pre-sales begin and vertical construction commences. Initial pricing from $525,000 targets the professional buyer segment. Early absorption benefits from pandemic migration tailwind.

Completed2024

Construction Complete — TCO

Building achieves Temporary Certificate of Occupancy (TCO). All units available for immediate move-in. Delivery-phase closings begin.

CurrentQ1 2025

Active Delivery

Approximately 80% of 301 units closed or under contract. Remaining ~61 units available for immediate occupancy with finished-product advantage.

UpcomingQ4 2026

Projected Sellout

At current velocity, remaining inventory expected to clear by late 2026. Final units may see accelerated absorption as scarcity premium takes hold.

Market Validation

Press & Market Evidence

Major press coverage and market milestones validating the development's positioning and pricing power.

Tampa Bay Business Journal2022

Red Apple Group launches 301-unit condo project in downtown St. Petersburg

The project targets a price point underserved in the downtown market.

St Pete Catalyst2023

400 Central rises to reshape the Central Avenue skyline

What Buyers Are Saying

Curated reviews from verified buyers and residents

Google
Move-in ready downtown with Central Ave at your doorstep. The Sky Lounge views are worth every penny. Best value in new construction St. Pete.
Rachel T.2026
Financing Intelligence

Transaction Structure

Deposit structure, jumbo qualification parameters, and institutional lender contacts — everything for a smooth close.

Pre-construction financing operates on a fundamentally different structure than a standard resale purchase. There is no mortgage at contract — buyers put down a deposit (typically 20-30% of the purchase price) in stages over the construction period, and the balance isn't due until closing, which can be 18-36 months out. This means the buyer needs liquidity for the deposit schedule but does not need a mortgage commitment until the building is ready to deliver. For properties in this price tier, closing will typically require a jumbo loan with stricter qualification parameters: higher credit scores, lower debt-to-income ratios, and significant cash reserves. The data below breaks down the exact deposit schedule, qualification benchmarks, and institutional lenders experienced with this building — the operational detail you need to structure a smooth transaction.

Pre-Construction Deposit Structure

Deposit Required20%
Balance at Closing80%
Closing PhaseAt closing — building delivered

Strategy: Conventional mortgage pre-approval recommended. Building is delivered and eligible for standard financing.

Jumbo Loan Parameters

Min Down Payment20%
Credit Score Min700+
DTI Ratio43% max
Cash Reserves6–12 months

Institutional Lender Relationships

L

Local and National Lenders

Delivered high-rise — Fannie Mae / Freddie Mac eligible for conforming and jumbo programs.

Advisory: As a delivered building, 400 Central qualifies for standard mortgage products including conventional, jumbo, and FHA (subject to building certification). No pre-construction deposit structure required — standard closing process applies.

Documents

Purchase & Condo Documents

Review the purchase agreement and condominium documents for this development.

Sales Information

Sales Team & Gallery

Connect with the exclusive listing team to schedule private tours and access current availability.

Exclusive Listing Broker
Michael Saunders & Company
Sales Gallery Location
400 Central Ave, St. Petersburg, FL 33701 (on-site)

Sales Executives — Direct Contact

Marijke White

Lead Sales AgentMichael Saunders & Company

Andrew Warren

Sales AgentMichael Saunders & Company

Tina Borges-Druth

Sales AgentMichael Saunders & Company

Bennett Eppinger

Sales AgentMichael Saunders & Company

Data Integrity

Source Notes & Advisories

Transparency for trusted advisors — documented discrepancies between official sources with our resolution methodology.

Pricing DataPrice Points & PSF

PSF data sourced from 66 Stellar MLS closed sales (Dec 2025 – Mar 2026). Average $824/SF across all closings. Range: $585–$992/SF.

Resolution: MLS-verified closed sale data. Developer starting prices updated to reflect actual transaction PSF.

Sales MetricsSold Units / Absorption

MLS shows 66 closed sales, 19 active listings, 1 pending. Developer may have additional off-MLS sales not captured in this dataset. PCPAO data provided for cross-reference.

Resolution: Report uses MLS-verified closed sale data. PCPAO property appraiser records pending integration for total ownership analysis.

Building SpecificationsUnit Count & Floor Plans

Unit count (301) and floor plan specifications sourced from developer website and DBPR filings.

Resolution: Developer-published specifications used. DBPR filing confirms 301 total units.

All data sourced from official sales materials, floor plans, and verified press coverage. Where sources conflict, resolution methodology prioritizes the most recent official publication. Contact the sales office to confirm current pricing, availability, and specifications.

The Vision

World-Class Team

The developer, architectural, and interior design principals behind this landmark project.

Developer
R

Red Apple Group

A New York–based real estate development company with a portfolio spanning residential, commercial, hospitality, and retail properties. Red Apple Group brings institutional development expertise to the Gulf Coast market with 400 Central as their flagship St. Petersburg project.

Architect
A

Arquitectonica

An internationally acclaimed architecture firm founded in Miami with a global portfolio of landmark buildings. Known for bold geometric design and innovative facades, Arquitectonica brings world-class design credibility to 400 Central's 44-story tower.