21-story apartment tower proposed near USF in downtown St. Pete
/A 21-story, 213-unit apartment tower has been proposed for downtown St. pete by St. Pete-based Stadler Development | Google Maps
A local developer has proposed to construct a 21-story, 213-unit apartment building directly across from the University of South Florida in downtown St. Pete.
St. Pete-based real estate company Stadler Development has filed a site plan application with the city for a $67 million tower that is expected to rise on a 0.69-acre property at 446 4th Street South, which is currently home to a 5,000-square-foot commercial building occupied by Fresenius Kidney Care American Dialysis Center.
“This site will deliver the demand for the Innovation District. The whole community, including students and hospital workers, should be well-served by this project,” Stadler Development Managing Partner John Stadler said in a conversation with St. Pete Rising.
the 21-story tower would be constructed on a 0.69-acre property near the UNiversity of South Florida’s downtown St. Pete campus | Google maps
John Stadler, who runs Stadler Development with his son Chris Stadler, expects to purchase the property from Malti Realty LLC following the required city approvals.
Commercial real estate agents Justine Fite, Jon Wittner, and Jake Wollman of the Wittner Wollman Group represented the landlord in getting the property under contract.
Rising 245 feet, the 318,683-square-foot building would be oriented towards the corner of 5th Avenue South and 4th Street South, which is the portion of the site that is furthest from neighboring residential properties to the north and east.
In addition to 213 market-rate apartments, the tower would also contain 2,250 square-feet of ground floor commercial space and a 230-space screened parking garage.
The site is zoned Downtown Center-2 (DC-2) within the Central Business District and Intown Activity Center, which allow the highest density development within St. Pete.
The proposed plan calls for a floor area ratio (FAR) of 7.0, which is the max allowable FAR in the DC-2 zoning district.
Elevations submitted to the city show a 245-foot tower with 14 stories of apartments on top of a seven-story parking podium | Stadler Development
The application will go before the St. Petersburg Development Review Commission on March 5th followed by City Council at a later date.
Stadler has enlisted the help of Tampa-based Baker Barrios Architects, civil engineering firm George F. Young, and full-service law firm Trenam Law to assist on the project.
Stadler expects to break ground on the project by the first quarter of 2026.
John Stadler has been in real estate development for over 45 years, having worked on projects of a similar magnitude in South Florida, including the Hyatt Regency in Coral Gables and the Del Monte and IBM headquarters in Miami.
The site plan for the proposed project shows a residential lobby, commercial space, parking on the ground level | Stadler Development
In St. Pete, Stadler was involved in the development of the 15-story, 368-unit Camden Central apartment community which opened in 2019 and the 21-story, 383-unit Modera St. Petersburg apartment tower, which debuted last year.
A year ago, Stadler sold a downtown St. Pete property on 17th Street in a $9 million-plus deal to Miami-based commercial real estate investment firms Black Salmon and LD&D, which plan to build a 23-story apartment building at the site.
