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Red Apple Real Estate of New York plans to feature historic 1924 clock at Residences of 400 Central when condo tower opens by 2025


About Time

In 1924, First National Bank attached a four-sided, ornate clock to the outside of its downtown St. Petersburg building at the corner of Fifth Street and Central Avenue.

The clock would go on to outlast the bank, which was gone by 1930 due to the Great Depression. The clock even outlasted the building. In 1977, when the red brick structure was razed, the clock was salvaged, converted into a pedestal clock and installed at the same intersection.

“The history of St. Petersburg business and banking, especially during the spectacular growth of the 1920s, is an important story to tell,” says Rui Farias, executive director of the St. Petersburg Museum of History. “The clock was probably saved to honor its history.”

Today, the clock’s own history is repeating itself.

When the block where the clock stood since the 1970s was leveled to make way for the Residences of 400 Central — a 46-story condominium tower being developed by Red Apple Real Estate of New York — the clock was salvaged again and is now in the care of Tampa’s Boyd Clocks, which will repair and restore it. Red Apple plans to feature the clock when the condo tower opens by 2025.

“We look at this clock and see reflections of the charm and character of downtown St. Pete’s wonderful sidewalks and avenues,” says John Catsimatidis Sr., founder of Red Apple Real Estate. “We are making sure to bring in experts with vast experience so this clock can stand again in a special place beside the future tower.”


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