If you already have the 4 kV infrastructure in place, , as others have said, you're in the lower end of the range for 4 kV motors. I've seen them as small as 150-200 HP, so you're on safe ground in your choice.
A 480 volt motor is going to have some BIG cables, very difficult to deal with for connections, etc., and is much more affected by voltage drop issues. On that subject, you will keep in mind that across the line starting of a motor in that size range is going to have significant effect on the system feeding it,
I have seen facilities that brought in a separate feed and a single outdoor metal-clad switchgear unit for a single motor just to avoid the voltage sag issues a low voltage motor would introduce into an existing system.
old field guy