Rendering of the new apartment tower set to transform downtown St. Petersburg's skyline.
Stadler Development has announced plans for a new 21-story, 213-unit apartment building in downtown St. Petersburg, aimed at addressing the housing shortage. Located at 446 4th Street South, the project will include commercial space and a parking garage. The development is designed primarily for students and local hospital workers, and city approval is expected by March 2026.
Stadler Development has announced plans for a new 21-story, 213-unit apartment building in downtown St. Petersburg, aimed at addressing the housing shortage. Located at 446 4th Street South, the project will include commercial space and a parking garage. The development is designed primarily for students and local hospital workers, and city approval is expected by March 2026.
St. Petersburg is buzzing with excitement as a local developer, Stadler Development, has unveiled plans for a stunning new apartment tower that could transform the skyline and meet growing housing demands in the heart of the city. Get ready for a big change with a proposed 21-story, 213-unit apartment building scheduled to rise directly across from the University of South Florida’s downtown campus.
The proposed site for this ambitious project is located at 446 4th Street South, a spot that currently houses a modest 5,000-square-foot commercial building. Covering a span of 0.69 acres, this prime location sits at the heart of St. Pete’s vibrant Innovation District. The tall tower is expected to reach a height of an impressive 245 feet, offering stunning views and modern living spaces across a massive 318,683 square feet.
To kick off this project, the estimated cost comes in at a cool $67 million. It’s a significant investment aimed at addressing the housing shortages in downtown St. Petersburg. With increasing numbers of students and hospital workers looking for convenient accommodations, this development could not be more timely.
The plan isn’t just about creating living spaces; it also aims to serve a community in need. The proposed housing will cater especially to students from the nearby university and employees of local hospitals. Alongside the residential units, the ground floor will feature 2,250 square feet of commercial space, seamlessly integrating living and shopping.
A vital component of the project will be a parking garage capable of holding 230 vehicles, ensuring that residents and visitors have convenient access to their homes and amenities.
Before any construction can begin, the proposed plans will undergo scrutiny from the St. Petersburg Development Review Commission on March 5. This will be followed by a review and final decision from the City Council. If all goes smoothly, groundbreaking for this exciting new project could occur as early as the first quarter of 2026.
To bring this vision to life, Stadler Development has partnered with the talented team at Baker Barrios Architects, and the experienced civil engineering firm, George F. Young. With a proven track record in real estate, the team is well-equipped to manage the intricacies of this high-density development.
John Stadler, the Managing Partner at Stadler Development, has a robust background in real estate that spans over 45 years. His experience includes not just this new project, but also the successful completion of notable developments like the 15-story Camden Central apartment community that opened in 2019, and most recently, the 21-story Modera St. Petersburg apartment tower which was finished in 2024.
This new apartment tower is not just about providing more living spaces; it reflects a growing trend in urban development that prioritizes community needs and accessibility. With St. Petersburg’s bustling downtown, having convenient housing within walking distance of education and healthcare resources can greatly enhance the quality of life for its residents.
As these plans move forward, the city looks to embrace a brighter future filled with opportunities for its residents. The proposed apartment tower is just a piece of the puzzle that contributes to the ever-growing charm and livability of St. Petersburg.
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