The Residences at 400 Central, a planned neighborhood in downtown St. Petersburg, has secured $252 million in construction financing from Bank OZK.
The project includes a 46-story mixed-use residential tower with 301 luxury condominiums with waterfront views, as well as shops, restaurants and more than 40,000 square feet of Class A office space. In all, the project will include 1.3 million square feet of interior space.
The financing comes as developer Red Apple Real Estate enjoys significant progress on site, including the installment of 80% of the steel-reinforced pilings. Vertical construction on the building is expected to begin in March.
– Staff report, Florida Politics, The Tampa Bay 100