After hours of debate, 21-story, 370-unit luxury apartment tower wins approval in downtown St. Pete
/A cluster of small affordable apartment buildings could soon be demolished to make way for a 21-story, 370-unit luxury apartment tower in downtown St. Petersburg.
After hours of debate, the city’s Development Review Commission voted 6-1 Wednesday evening to approve the project planned for a 1.3-acre site along 5th Avenue North between 4th and 5th Streets.
In addition to 370 apartments, the project, known as The Pelican, would also include 3,819 square feet of ground-floor commercial space and a 485-space parking garage.
St. Pete-based Stadler Development, led by John Stadler and his son Chris, is spearheading the $134 million project, which would share a city block with the Hollander Hotel and Trinity Lutheran Church.
Stadler is under contract to purchase the property from local investor Michael Andoniades, who owns the Hollander Hotel and several other properties throughout the city.
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