Conceptual image of a proposed 21-story apartment tower near the University of South Florida.
A development firm has unveiled plans for a new 21-story apartment tower at 446 4th St. S., St. Petersburg, featuring 213 units and various amenities. The proposed $67 million project aims to address the housing shortage in the area, particularly benefiting students and local workers. Slated for discussion at the St. Petersburg Development Review Commission meeting on March 5, the project is gaining community support despite some opposition. If approved, construction could begin in summer 2026.
St. Petersburg is buzzing with the news of a fresh housing project that is bound to make waves in the community! A development firm has put forward plans to construct a stunning 21-story apartment tower at 446 4th St. S.This towering structure is set to boast an impressive number of 213 units and is currently seeking approval from the city.
This ambitious project, valued at a whopping $67 million, is perfectly located just across from the recreation fields of the University of South Florida St. Petersburg campus, which is only about a quarter of a mile southwest. It couldn’t be more perfect! The location is set to serve a diverse group of people, including hospitals, students at USF, the Ark Innovation Center, and various nearby maritime startups.
Once completed, the proposed apartment tower will encompass nearly 319,000 square feet of space, complete with a range of impressive amenities. Here’s what you can expect:
The units within the tower will be priced at market rates, creating potential housing options for upper-classmen and graduate students looking to stay close to campus. Let’s not forget about some of the other promising features! The seventh floor will have an amenity space complete with an outdoor deck, and the crown jewel of the building, a rooftop pool awaits on the twenty-first floor, offering breathtaking views of St. Petersburg.
Currently, the site is home to a single-story building that houses the Fresnius Kidney Care American Dialysis Center, which has been around since 1920. However, this structure isn’t on the historic register, and city officials don’t expect any major backlash against its demolition. Although, it’s worth noting there have been some mixed feelings from residents, with at least one concern raised in an opposition letter.
Despite some opposition, the project is gaining support from local leaders. The community feels the heat of the housing shortage and recognizes the urgent need for more options to accommodate local institutions. It’s shaping up to be a much-needed addition to the area!
The proposal will be laid out for discussion at the St. Petersburg Development Review Commission meeting scheduled for March 5. After that, it will ultimately be up to the city council to decide if this exciting development moves forward. If greenlit, the team behind the project is eyeing summer 2026 as the moment to break ground. Can you imagine? A fresh, new community hub rising up in the bustling heart of St. Petersburg!
As the potential for new amenities, increased housing, and more foot traffic comes into play, residents can look forward to an energizing change in their neighborhood. If you’re a student, a local worker, or someone who enjoys the vibrant scene of St. Petersburg, this could be great news on the horizon!
Keep your eyes peeled for updates on this project—exciting times are ahead for St. Petersburg, and you won’t want to miss it!
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