John Catsimatidis Sr., founder of the New York-based Red Apple Group and principal of the company sponsoring the development of The Residences at 400 Central, is pleased to announce that the Michael Saunders & Company (“MSC”) premiere real estate firm will open an expansive new 3,000-sf branch to welcome clients, agents, guests and friends at the iconic 400 Central Avenue building in the heart of St. Petersburg, Florida. The Residences at 400 Central development is scheduled to begin welcoming residents into the building this month.
Lease Signing
Image Courtesy of: Michael Saunders & Co
“Since sales began at 400 Central, the team at Michael Saunders & Co. have been by our side and have led our outreach to buyers and helped make our building most sought-after place to live in Florida,” Mr. Catsimatidis said. “We are excited that they have decided to make 400 Central their new St. Petersburg flagship location – they will be making a big splash in the St. Pete market for years to come. I value my relationship with Michael and look forward to working with her on my future developments.”
Michael Saunders & Co. has served as the exclusive sales agent for The Residences at 400 Central, led by the MSC Developer services division. Since the beginning of the project, the premiere firm with nearly 50 years of experience in luxury real estate has operated a sales gallery for The Residences At 400 Central across from the construction site. Prior to opening at 400 Central, they will conduct interim operations at 449 Central Avenue beginning in March of 2026.
Michael Saunders & Co. now ranks as the fourth substantial lease for commercial and retail space within the luxury development. In June, the financial services firm Dynasty Financial Partners signed a lease to occupy 45,000 square feet of Class A office space for its global headquarters – one of the largest office leases in recent St. Petersburg history. Then in July, 400 Central announced the St. Petersburg-based Volta Wine & Provisions will build a 2,000-square-foot retail wine shop and specialty market with an intimate wine bar along Central Avenue. Just weeks ago, PNC Bank announced it would open a 3,000-square foot banking branch at the base of the building.
Image Courtesy of: Red Apple Real Estate
“Red Apple’s vision for this iconic downtown St. Petersburg building aligns with our own commitment to excellence,” said Michael Saunders, Founder and CEO. “We are thrilled that 400 Central will be home to the next chapter of our growth in the Tampa Bay region and look forward to welcoming our clients there this spring.”
The Residences at 400 Central is a mixed-use development that occupies a full city block along The Central Avenue corridor. The 46-story building will include 301 luxury condominium homes, plus ground-floor retail and restaurants and Class A office space. The exclusive Sky Observatory on the 46th floor offers residents the opportunity to enjoy views from the highest point in St. Petersburg.
With construction of the building continuing at a rapid pace, the Residences at 400 Central development this last week passed building inspections and secured a Temporary Certificate of Occupancy from the City of St. Petersburg for the first 25 floors of the building. The first round of condominium residents are scheduled to begin closing on their residences before the end of the year.
400 Central
400 Central is a transformative, approximately 1.3 million square foot development in the heart of St. Petersburg, Florida that will include a 46-story condominium with 301 luxury homes, ground-floor retail and restaurants as well as Class A office space. The project is being developed by New York-based Red Apple Real Estate. The design team is led by the internationally renowned architectural firm Arquitectonica. For more information, please register at residences400central.com or email [email protected]
Red Apple
Red Apple is a diversified, family-owned group of companies led by John Catsimatidis. Red Apple’s real estate arm, Red Apple Real Estate (RARE), develops and manages mixed-use properties that feature luxury living options with convenient, neighborhood retail elements. Over the past decade RARE has completed numerous residential development projects, which collectively encompass nearly 1,400 residential apartments and 70,000 square feet of retail space. RARE also manages a significant portfolio of commercial and retail space owned by Mr. Catsimatidis. Red Apple’s substantial energy portfolio include a 70,000 plus barrel per day medium complexity oil refinery in western Pennsylvania, a 5-million-barrel deep water petroleum storage facility in Eastern Long Island, fuel oil distribution in the great New York metro area and over 400 gas stations and convenience stores. The company also has interests in an aviation business and supermarkets. Collectively, Red Apple has almost 10,000 employees.
Michael Saunders & Company
In its 49th year of innovative service to Southwest Florida, Michael Saunders & Company is the top independent real estate company in the region with a network of 24 full-service real estate offices—with nearly 700 agents and 200 support team members spanning the Gulf Coast region. International brokerage affiliations with Leading Real Estate Companies of the World, Luxury Portfolio International, and Mayfair International Realty extend the company’s message to qualified buyers globally. Headquartered in Sarasota, Fla., Michael Saunders & Company affords customers the most comprehensive range of real estate services in the Southwest Florida marketplace. These include mortgage, title, insurance and relocation services, a new homes and condominiums sales division and a commercial real estate division. A philanthropic arm, the MSC Foundation, gives back to Gulf Coast community organizations via donations from agents and staff. For more information about Michael Saunders & Company, please call 1-888-552-5228 or visit michaelsaunders.com.
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