Red Apple nixes 400 Central hotel

New York developer to increase office, retail and parking space in planned 45-story downtown St. Petersburg tower.

  • By Kevin McQuaid
  • | 6:00 a.m. March 12, 2021
COURTESY RENDERING — Red Apple Group has decided to eliminate a planned 225-room hotel from its 400 Central Ave. tower in St. Petersburg and increase office and retail space and parking instead.
COURTESY RENDERING — Red Apple Group has decided to eliminate a planned 225-room hotel from its 400 Central Ave. tower in St. Petersburg and increase office and retail space and parking instead.
  • Commercial Real Estate
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Red Apple Group has decided for now to nix the hotel component of its planned 45-story tower at 400 Central Ave. in downtown St. Petersburg, after analyzing “market conditions” likely brought on by the COVID-19-inspired drop in urban lodging.

 

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