Luxury condo tower coming to downtown Sarasota
By Emma Behrmann
Tampa Bay Business Journal
Published: Dec 17, 2025

An 18-story luxury condominium tower is in the works in downtown Sarasota.

GSP Development, a Chicago-based real estate firm, announced the debut of Saravela, a new residential community with 282 luxury condos, including 11 townhomes and retail space, along North Tamiami Trail between Fourth and Fifth streets. Owners can rent their residences for as few as three days, a perk that is intended to offset ownership expenses.

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