Announced

Saravela

Saravela is a luxury condominium development rising on North Tamiami Trail at the northern gateway to downtown Sarasota, distinguished as the city's first new high-rise designed for short-term rental freedom — letting owners rent their fully furnished residences for stays as short as three days…

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Details

400 N. Tamiami Trail, Sarasota. 18 floors and 282 residences. Completing 2029.

The story so far
Announced 2025 est.GSP Development unveils Saravela, a two-tower luxury condominium with a flexible short-term-rental model in downtown Sarasota
thetampabay100.com
Sales launched Dec 2025Saravela unveiled; reservation phase opened with Premier Sotheby's International Realty as exclusive sales rep, contracts to follow early 2026
thetampabay100.com
Planning board approval Jul 2026Sarasota clears GSP Development's 18-story, 282-residence tower on a full block of North Tamiami Trail, with 10,400 sf of ground-floor retail
oftmw.com
Sarasota planning board approves the tower Jul 2026GSP Development cleared the city's planning board for the 282-residence, 18-storey block on North Tamiami Trail after adding 40 attainable housing units, 30 public parking spaces and 20-foot landscaped sidewalks
oftmw.com
Planning Board approves design adjustments Jul 8, 2026Sarasota Planning Board approved three administrative design adjustments for Saravela 4-1 after a public hearing
oftmw.com
Expected opening 2029
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 27, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

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About the project

Saravela is a luxury condominium development rising on North Tamiami Trail at the northern gateway to downtown Sarasota, distinguished as the city's first new high-rise designed for short-term rental freedom — letting owners rent their fully furnished residences for stays as short as three days through a professionally managed program. The 1.7-acre site straddles two zoning districts, with one tower rising 18 stories in the Downtown Bayfront and the other stepping down to 11 stories in the Downtown Core. Together the towers deliver 282 condominiums and penthouses, 11 two-story townhomes, 40 attainable rental units, and more than 11,000 square feet of ground-floor retail. Inside each residence, 12-foot ceilings, floor-to-ceiling glass, expansive terraces, Italian cabinetry, Sub-Zero and Wolf appliances, and furnishings curated by Steven G. create a layered, modern coastal aesthetic. The amenity program spans more than 47,000 square feet across six dedicated levels — two rooftop pools overlooking Sarasota Bay, two spas, club lounges, wine vaults, fitness studios, saunas, hot and cold plunge pools, a golf simulator, putting green, bocce court, an attended Kids' Club with duckpin bowling and splash pool, game lounges, co-working spaces, pet amenities, and rooftop firepits, all backed by concierge, valet, optional housekeeping, grocery delivery, 24-hour security, and a complimentary one-year sports membership at TPC Prestancia. The development sits within walking distance of The Quay, The Bay Park, waterfront dining, galleries, marinas, performing arts venues, and St. Armands Circle.

Companies and contacts

Every firm on Saravela, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is Saravela located?

Saravela is located in Sarasota.

When will Saravela be built?

Saravela is an announced development that has not yet started construction, targeting completion in 2029.

Who is developing Saravela?

GSP Development is the developer behind Saravela.

Who designed Saravela?

Saravela was designed by Kimmich Smith Architecture, ID & Design International, with interiors by ID & Design International, Interiors by Steven G..

How big is Saravela?

Saravela rises 18 stories with 282 residences.