Michael Saunders & Company Expands with New Office at 400 Central Avenue in Downtown St. Petersburg

A Growing Tenant Roster: Major Commercial Developments at 400 Central

A Landmark Taking Shape: The Residences at 400 Central

Why It Matters: Transforming Downtown St. Petersburg’s Commercial Landscape

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Michael Saunders & Company Expands with New Office at 400 Central Avenue in St. Petersburg

St. Petersburg, FL — In a significant move for both Michael Saunders & Company and downtown St. Petersburg, the Gulf Coast real estate firm has announced plans to open a new 3,000-square-foot office at the highly anticipated 400 Central Avenue. This expansion marks a pivotal moment for the firm and adds momentum to one of the city’s most-watched developments.

The announcement comes as The Residences at 400 Central prepares to welcome its first residents this month. Developer John Catsimatidis Sr., founder of Red Apple Group, praised Michael Saunders & Company for its integral role in the tower’s early success. “Since sales began at 400 Central, the team at Michael Saunders & Co. has been by our side,” Catsimatidis stated. “We are excited they have decided to make 400 Central their St. Petersburg flagship location.”

A Growing Tenant Roster

Michael Saunders & Company becomes the fourth major commercial tenant confirmed at 400 Central. Earlier this year, Dynasty Financial Partners signed a monumental 45,000-square-foot lease to relocate its global headquarters to the tower, marking one of the largest office commitments in recent St. Petersburg history. Other tenants include Volta Wine + Market, set to open a 2,000-square-foot retail wine shop and bar, and a 3,000-square-foot PNC Bank branch on the ground floor.

Michael Saunders & Company will operate from an interim location at 449 Central Avenue starting in March 2026 until its new space is completed. “Our next chapter in St. Petersburg will take place at 400 Central,” said Michael Saunders, founder and CEO. “We look forward to welcoming our clients there this spring.”

A Landmark Taking Shape

The Residences at 400 Central spans an entire city block along the Central Avenue corridor and has reached several major construction milestones. The development features a 46-story tower with 301 luxury condos, ground-floor retail and restaurants, Class A office space, and an exclusive Sky Observatory on the top floor. Last week, the project received a Temporary Certificate of Occupancy for the first 25 floors, with closings for the initial group of condo buyers expected to begin before the end of the year.

Why It Matters

400 Central has emerged as a defining project in downtown St. Petersburg’s next phase of growth. The diverse tenant mix reflects a broader shift in the city’s commercial landscape, with national firms choosing the urban core, luxury brands expanding their footprint, and high-end residential towers attracting year-round activity. The addition of Michael Saunders & Company reinforces the project’s position as a new hub for business, hospitality, and residential life on Central Avenue.

As the city continues to evolve, the opening of Michael Saunders & Company at 400 Central is poised to play a crucial role in shaping the future of downtown St. Petersburg.

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