New 21-Story Mixed-Use Apartment Tower Approved for Downtown St. Petersburg

News Summary

St. Petersburg’s City Council has approved a transformative project to build a 21-story mixed-use apartment tower at 446 4th Street South. The development will feature 213 residential units, 2,250 square feet of commercial space, and a 230-space parking garage, enhancing the downtown area and promoting community engagement. Groundbreaking is expected in early 2026, marking a significant step forward for urban living in the city.

Exciting New Chapter for St. Petersburg: A 21-Story Mixed-Use Apartment Tower to Transform Downtown

St. Petersburg is buzzing with excitement as the City Council has given the green light to a remarkable project that promises to reshape the heart of downtown. Located at 446 4th Street South, a charming commercial property that’s been around for over a century will soon welcome a stunning 21-story mixed-use apartment tower. This redevelopment is set to breathe new life into the area, which currently consists of a surface parking lot and a cozy 4,984-square-foot office building housing Fresenius Kidney Care American Dialysis Center.

What to Expect from the New Development

The new tower is sure to become a landmark in the city, boasting an impressive 245 feet in height and occupying a generous 318,683 square feet. Designed to present an urban vibe, the building will feature:

• 213 residential units to accommodate a variety of residents.
• 2,250 square feet of commercial space on the ground floor, designed to host local businesses.
• A 230-space parking garage to ease parking woes for tenants and visitors.

For those strolling by, the tower will showcase a pedestrian-friendly atmosphere with exciting features such as floor-to-ceiling storefront windows, ample landscaping, and 10-foot-wide sidewalks that enhance the overall experience of downtown St. Petersburg.

Project Details and Community Impact

Managed by the St. Pete-based company Stadler Development, this ambitious $67 million project is not just about the numbers; it’s about improving the community! The ground floor of the tower will have commercial spaces, a welcoming residential lobby, and easy access to the parking garage. As for the rest of the building, levels two through six will be dedicated to parking, while floors three through twenty will cater to residents. Excitingly, the 7th and 21st floors will feature outdoor terraces and amenity areas, giving residents a perfect spot to unwind and take in downtown views.

Sustainability and Urban Design

This redevelopment isn’t just about building high; it is designed with sustainability in mind. The project includes improvements to the site, such as a new drainage system, bicycle parking options, and the beautification of sidewalks with street trees and landscaping. Additionally, to enhance pedestrian safety and comfort, the plans call for removing an outdated curb cut and relocating another to make way for improved traffic flow.

A Bright Future Ahead

With a solid foundation of years of experience in real estate development, Stadler Development has previously made its mark in constructing large-scale projects in South Florida, including the 15-story Camden Central apartment community and the 21-story Modera St. Petersburg tower. Groundbreaking for this exciting new mixed-use development is expected to kick off in the first quarter of 2026, marking the beginning of a new chapter in downtown St. Petersburg.

As construction progresses, residents and visitors to St. Petersburg can look forward to witnessing the transformation of this vital area into a bustling hub of residential and commercial spaces. It’s an incredible time for St. Petersburg, and this new project captures the spirit of a city committed to growth, connectivity, and community.

Deeper Dive: News & Info About This Topic

HERE Resources

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Additional Resources

• St. Pete Catalyst: 21-Story Apartment Tower Proposed Near USF
• St. Pete Catalyst: Rethinking Urban Development Through Creativity and Innovation
• I Love the Burg: St. Pete Waterfront Master Plan
• St. Peterising: Warehouse Arts District Upzoning Approved
• Google Search: St. Petersburg development projects