Red Apple Real Estate, the New York–based development firm behind the 46-story Residences at 400 Central in downtown St. Petersburg, has expressed interest in redeveloping the 86-acre Historic Gas Plant District. But only if the city allows more time for proposals.
In a letter sent November 7th to Mayor Ken Welch and City Council, Red Apple CEO John Catsimatidis urged the city to extend its planned 30-day window for alternative submissions related to the site.
Earlier this month, Mayor Welch announced that he would open a brief period in mid-November for developers to submit competing proposals after the city received an unsolicited $6.8 billion plan led by Casey Ellison of Ellison Companies, Cathie Wood of ARK Invest, and Jonathan Graham of Horus Construction…