21-story apartment tower approved near USFSP in downtown St. Pete

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21-story apartment tower approved near USFSP in downtown St. Pete

A 105-year-old commercial property that greets commuters as they enter the downtown St. Petersburg from I-175 may soon be demolished and redeveloped into a 21-story apartment tower.

On Thursday, the St. Petersburg City Council, meeting as the Community Redevelopment Agency (CRA), unanimously approved plans to redevelop the property at 446 4th Street South, which currently consists of a surface parking lot and a one-story, 4,984-square-foot office building occupied by Fresenius Kidney Care American Dialysis Center.

The proposed project includes a 21-story mixed-use building with 2,250 square feet of commercial space, 213 residential units, and a 230-space parking garage.

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21-story apartment tower proposed near USF in downtown St. Pete

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21-story apartment tower proposed near USF in downtown St. Pete

A local developer has proposed to construct a 21-story, 213-unit apartment building directly across from the University of South Florida in downtown St. Pete.

St. Pete-based real estate company Stadler Development has filed a site plan application with the city for a $67 million tower that is expected to rise on a 0.69-acre property at 446 4th Street South, which is currently home to a 5,000-square-foot commercial building occupied by Fresenius Kidney Care American Dialysis Center.

“This site will deliver the demand for the Innovation District. The whole community, including students and hospital workers, should be well-served by this project,” Stadler Development Managing Partner John Stadler said in a conversation with St. Pete Rising.

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