Rendering of the 21-story apartment tower proposed for downtown St. Petersburg
Stadler Development plans to construct a 21-story apartment tower in downtown St. Petersburg, Florida, featuring 213 units at 446 4th Street South. The project, estimated at $67 million, aims to address housing demands in the Innovation District, benefiting students and workers from nearby healthcare facilities. The design includes a seven-story parking podium and ground-floor commercial space. The project is currently under review by the St. Petersburg Development Review Commission, with groundbreaking expected in early 2026.
St. Petersburg, get ready for some exciting changes! A brand-new apartment tower is on its way to downtown, and it’s going to be quite the sight. This ambitious project is being proposed by Stadler Development, a company that’s making waves in the real estate scene. They’re aiming to build a stunning 21-story, 213-unit apartment tower that will sit at 446 4th Street South, right across from the University of South Florida’s downtown campus.
This towering beauty is projected to cost around $67 million, so you can bet it’s going to be an eye-catching addition to the skyline. Currently, the site is home to a 5,000-square-foot commercial building – the Fresenius Kidney Care American Dialysis Center – but that’s about to change. The new tower will rise up to a striking 245 feet and will encompass an impressive total of 318,683 square feet.
John Stadler, Managing Partner of Stadler Development, has a clear vision for this development. He aims to address the growing need for housing within the Innovation District, an area that’s buzzing with potential and opportunity. This new tower is set to serve not just the community, but also students and workers from nearby hospitals, making it a truly multifunctional space.
The innovative design includes a seven-story parking podium nestled underneath the 14 floors of residential units. So, if you’re worried about parking woes when living in a busy downtown area, fear not! The tower will also feature 2,250 square feet of ground floor commercial space – perfect for cafes, shops, or other businesses looking to join the vibrant neighborhood. Plus, there’ll be a 230-space screened parking garage for residents and visitors alike.
Stadler Development has already taken steps to get the ball rolling. The project has been filed with the city and is set for review by the St. Petersburg Development Review Commission on March 5. After that, it will go on to a hearing with the City Council. Fingers crossed for a smooth approval process!
Looking ahead, if all goes according to plan, the ground-breaking of this exciting apartment tower is anticipated to take place in the first quarter of 2026. So, mark your calendars and get ready for the transformation of downtown St. Pete!
For those not familiar with John Stadler, he brings a wealth of experience to this project. With over 45 years in real estate development, he’s no stranger to significant projects in South Florida. His past achievements include iconic landmarks such as the Hyatt Regency in Coral Gables and the IBM headquarters in Miami. In St. Pete, he has also completed the 15-story Camden Central apartment community and the 21-story Modera St. Petersburg apartment tower.
This isn’t his first rodeo, and it certainly won’t be his last. Just last year, Stadler sold a downtown St. Pete property for over $9 million to commercial real estate firms that plan to build a 23-story apartment building on that site. It’s safe to say that John Stadler is making significant contributions to the St. Petersburg area!
This proposed apartment tower is set to bring a new wave of energy and housing options to downtown St. Petersburg. Whether you’re a student, a local, or a hospital employee, there’s a feeling that this new development will add a fresh vibrancy to the area. Keep your eyes peeled, St. Pete – this is just the beginning of what’s to come!
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