Red Apple Group Selects FirstService Residential to Manage The Residences at 400 Central
FirstService Residential (FSV) has been selected by Red Apple Group to manage The Residences at 400 Central, a 46-story, 515-foot luxury tower in downtown St.
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Rhea-AI Summary
FirstService Residential (FSV) has been selected by Red Apple Group to manage The Residences at 400 Central, a 46-story, 515-foot luxury tower in downtown St. Petersburg, Florida. The agreement expands FirstService Residential’s Florida luxury high-rise portfolio and includes comprehensive property management and hospitality-focused lifestyle services.
Details
News Market Reaction – FSV
On May 19, the first trading day after this news, FSV closed 2.78% below the previous close.
Data tracked by StockTitan Argus for the May 19 session.
Key Figures
- Building height
- 46 stories
- The Residences at 400 Central
- Building height
- 515 feet
- Tallest residential building on Florida's west coast
- Amenity space
- More than 36,000 square feet
- Curated indoor and outdoor amenities at 400 Central
- Street address
- 400 Central Avenue
- Location in downtown St. Petersburg, Florida
- Sky lounge floor
- 46th floor
- Glass-enclosed Sky Lounge Observatory and observation deck
Historical Context
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Senior VP named to lead New York condo/co-op division.
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Jeffrey Poirot elevated to SVP of New Development Group.
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Assumed management of The Code high-rise residence in Austin.
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Donated $60,000 to Lurie Children’s Hospital and rebuilt playground.
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Declared US$0.305 quarterly dividend and highlighted scale of revenues.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FirstService Residential to deliver property management and lifestyle services to the tallest residential building on
Soaring 46 stories and 515 feet above downtown
"FirstService Residential was selected to manage The Residences at 400 Central because of their unmatched experience operating luxury high-rise communities, depth of resources, and proven ability to deliver a world-class resident experience," said John Catsimatidis, Sr., founder of the
Residents of The Residences at 400 Central will enjoy an extraordinary suite of amenities spanning hospitality, wellness, and entertainment. Highlights include a professional-grade fitness center, outdoor yoga lawn, private coworking spaces, an elegantly furnished boardroom, a theater lounge, game room, private dining room with catering kitchen, and a tropical resort-style pool terrace with an outdoor kitchen, bocce ball court, and covered dog park. Topping the building is the crown jewel of the property: a 46th-floor glass-enclosed Sky Lounge Observatory and exterior observation deck – an amenity as singular as the views it reveals. FirstService Residential's management and lifestyle teams will support and activate these amenities with the same hospitality-driven approach that defines its work across the company's luxury portfolio.
"Managing a landmark community like The Residences at 400 Central requires a management team with true luxury high-rise expertise," said Bobby Knuth, senior regional director for FirstService Residential. "From concierge and valet operations to resort-style amenities and the iconic 46th-floor Sky Lounge Observatory, every detail demands an elevated, hospitality-driven approach. FirstService Residential brings the operational depth, local market presence, and luxury high-rise experience necessary to deliver that level of service."
Learn more about The Residences at 400 Central at residences400central.com.
Discover how FirstService Residential is simplifying property management for boards and developers at LifeSimplified.com.
About FirstService Residential
FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across
Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.
Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.
FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.
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SOURCE FirstService Residential
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