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.