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New 21-Story Apartment Tower Planned for St. Petersburg

Rendering of 21-story apartment tower in St. Petersburg

News Summary

St. Petersburg is set to welcome a new 21-story apartment tower proposed by Stadler Development. With 213 units and a $67 million investment, the development aims to enhance rental options near the University of South Florida. The project will include commercial space, a parking garage, and eco-friendly amenities, reflecting a community-focused design. Approval is pending as the project heads to the Development Review Commission on March 5, with construction anticipated to start in summer 2026.

Exciting New Housing Development on the Horizon in St. Petersburg

St. Petersburg is buzzing with news about a proposed *21-story apartment tower* that aims to bring a fresh wave of rental options to the city. Local real estate firm, Stadler Development, is aiming to turn its vision into reality with plans for an impressive *213-unit* building. Set to rise at 446 4th St. S., the project occupies a *0.69-acre* site right across from the University of South Florida St. Petersburg’s recreation fields.

A Multi-Million-Dollar Investment

This ambitious development comes with a hefty *$67 million price tag* and is currently awaiting city approval. The tower, which would stretch a staggering *245 feet* into the sky, will encompass nearly *319,000 square feet*, making it not just a potential living space, but a striking new landmark for the area.

Community-Focused Design

Noticing a growing need for housing near educational institutions, Stadler Development has designed the building to include a street-level commercial space of *2,250 square feet*. This could host shops or cafes, adding to the community’s vibrancy. Plus, the development plans for ample amenities including a *230-space* screened parking garage and *228 bicycle parking spots*, promoting eco-friendly transportation options.

Future residents can look forward to *10-foot sidewalks* and lush landscaping, making the neighborhood not only attractive but also pedestrian-friendly. It seems like a win-win for both locals and newcomers!

The Land and the Plans

Currently, the site is home to a *5,000-square-foot building* that has operated as the Fresenius Kidney Care American Dialysis Center since 1920. Fortunately, this building isn’t deemed historic, so demolishing it for the new development isn’t expected to face significant opposition.

The project is gaining traction as a beneficial addition for local students and professionals alike. With a large campus of the University of South Florida just *a quarter of a mile* southwest, this new housing could serve not only students but also workers from nearby hospitals and maritime startups.

Planning and Approval Timeline

As the project gears up, it’s expected to go before the *St. Petersburg Development Review Commission* on *March 5*. After that, the final decision will be in the hands of the city council. This thorough review process is standard for developments of this scale, ensuring that all community needs are recognized and integrated into the planning.

Meet the Development Team

A strong team of professionals is behind this endeavor, including Baker Barrios Architects and the engineering firm George F. Young. With experience in real estate projects like Camden Central and Modera St. Petersburg, managing partner John Stadler is well-equipped to navigate the complexities of such a large-scale project.

A Bright Future Ahead

Construction is projected to kick off in *summer 2026*, which means the community has some time to get used to the idea of a new neighbor. With increased demand for multifamily housing in the area, this development could play a vital role in shaping the urban landscape of St. Petersburg.

As the Innovation District continues to grow and evolve, the addition of new housing options like this tower is welcomed by many. It not only promises to boost the local economy but also strengthens ties to institutions in the area. It looks like exciting times are ahead for residents and visitors alike! Keep your eyes peeled for more updates as this project develops.

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