Vélez Smith Collection
Saravela
Condominium Building
Saravela
A planned mixed-use residential project under City development review near North Tamiami Trail.
Saravela is a planned mixed-use project at 430 North Tamiami Trail in downtown Sarasota. City records describe 282 proposed multifamily residences, commercial space, and connected 18-story and 11-story building portions; the developer presents condominium residences, penthouses, and a limited townhome collection. As of the City’s August 28, 2026 development report, the administrative site plan remained in technical review, so the project is described here as planned rather than under construction.
- Status
- Planned; administrative site plan remained in technical review as of August 28, 2026
- Proposed residences
- 282
- Proposed building portions
- 18 stories and 11 stories
- Developer
- GSP Development
- Architect
- Kimmich Smith Architecture
- Proposed commercial space
- About 11,384 square feet
Timeline
July 2025
City Development Review Committee agenda listed Saravela applications 25-ASP-03, 25-ADP-03, and 25-ENC-01
July 2026
Planning Board approved the requested adjustment application
August 2026
City development report listed the administrative site plan as awaiting a response to technical comments
Overview
Saravela is a proposed mixed-use residential development at 430 North Tamiami Trail, on the stretch between Fourth and Fifth streets in downtown Sarasota. GSP Development is the developer, with Kimmich Smith Architecture identified for architecture and ID & Design International identified for interiors. City materials describe the proposal as an 18-story portion connected with an 11-story portion, containing 282 multifamily dwelling units and approximately 11,384 square feet of commercial space. The application also proposes demolition of eight existing buildings across nine parcels. The developer presents the residential program as condominiums, penthouses, and a limited collection of street-level townhomes. This page distinguishes the proposed program from a completed building because the City’s August 28, 2026 development-services report still listed the administrative site plan as awaiting a response to technical comments. A Planning Board adjustment approval in July 2026 did not establish that all development review, permitting, or construction had concluded. No reliable primary source located for this review supplied a construction-start date, opening date, or completion year. Saravela is therefore best understood as an active proposal with published design materials and an ongoing City review process, rather than a building that has begun occupancy or delivery.
Residences
GSP Development's Saravela materials describe a proposed collection of 282 turnkey residences, including condominiums, penthouses, and 11 townhomes at street level. The published floor-plan ranges include one-bedroom residences from 667 to 856 square feet, two-bedroom residences from 1,034 to 1,631 square feet, three-bedroom residences from 1,569 to 2,086 square feet, and four-bedroom residences from 1,563 to 1,865 square feet. The townhome range is published from 1,530 to 1,915 square feet. The developer also describes floor-to-ceiling windows, glass-lined terraces, smart-home technology, and furnished interiors. Those specifications describe the current proposed program and should not be treated as final construction documents. Plan availability, included finishes, optional features, unit counts by plan, terrace sizes, and configuration can change during review and construction. The useful verified picture is a broad mix of residence types within one proposed project: smaller condominium plans, larger multi-bedroom options, penthouse residences, and a limited set of street-level townhomes. This mix is a physical and programmatic description, not a statement about any future residents. Anyone evaluating a specific plan should obtain current developer materials and any final public approvals rather than relying solely on an early marketing presentation.
Amenities
The developer describes approximately 47,000 square feet of planned amenity space across six levels. Published features include two rooftop pools, fitness and wellness spaces, clubrooms, co-working areas, a golf simulator, a putting green, children's recreation areas, and pet facilities. These features come from the developer's current public presentation and describe an intended amenity program, not operating amenities. The City record reviewed for this page addresses the proposed development and its continuing technical review; it does not certify that the marketed feature list has been built or that any particular amenity is available. That distinction matters for a project at this stage. The page can accurately identify the developer-published pool, wellness, work, clubroom, recreation, and outdoor recreation concepts without promising reservation rules, hours, staffing, maintenance standards, or final configuration. Association documents, management plans, and approved construction documents will govern those operational details when available. The current public information suggests an amenity program distributed vertically through the project, with rooftop water and outdoor spaces alongside interior rooms for fitness, work, and gatherings. Until the project has completed review and construction, the careful wording is planned amenities rather than an established amenity offering.
Location
Saravela's site is at 430 North Tamiami Trail, between Fourth and Fifth streets in downtown Sarasota. City materials describe a group of nine parcels spanning Downtown Bayfront and Downtown Core zoning and future-land-use designations. The planned access point is from Fifth Street. This portion of North Tamiami Trail sits near the edge where the downtown grid meets the bayfront corridor, with Boulevard of the Arts, the Rosemary District, The Bay park area, and central downtown all providing nearby orientation points. The project’s address and proposed Fifth Street access are more useful public facts than a promised travel time, which can vary with route and traffic conditions. Commercial space is part of the City-described proposal, but no specific tenants or operating businesses are confirmed in the sources reviewed here. The most accurate location description is therefore site-based: a proposed mixed-use building on North Tamiami Trail with access planned from Fifth Street and a position between the downtown core and bayfront-oriented districts. Visitors and observers should watch official City records and developer updates for changes to access, construction activity, or project timing.
Lifestyle
Saravela's current story is about a planned urban building and the spaces its developer has proposed: glass-lined terraces, rooftop pools, fitness and wellness rooms, clubrooms, co-working areas, outdoor recreation features, and street-level townhomes. Its North Tamiami Trail address places the proposed project in a part of downtown where the downtown street grid, the Rosemary District, Boulevard of the Arts, and the bayfront corridor meet. The design team’s published images and descriptions can help convey the intended architecture, but the project remains in review and has not been verified as under construction. For that reason, this page does not describe finished views, daily building operations, or a settled rental program. The right public description is a proposed residential and commercial project with a defined address, a City-recorded development application, and a developer-published amenity concept. As the City review and developer announcements progress, this guide can be updated with primary-source milestones instead of projecting a future completion or making assumptions about rules, services, or access.
Frequently Asked Questions
Where is Saravela planned in Sarasota?
Saravela is planned at 430 North Tamiami Trail, between Fourth and Fifth streets in downtown Sarasota.
How many residences are proposed at Saravela?
City records describe 282 proposed multifamily dwelling units. The developer presents a mix of condominium residences, penthouses, and 11 townhomes.
Is Saravela under construction?
No construction start was verified for this page. The City’s August 28, 2026 development report listed the administrative site plan as awaiting a response to technical comments.
What amenities are proposed at Saravela?
The developer describes planned rooftop pools, fitness and wellness spaces, clubrooms, co-working areas, a golf simulator, a putting green, children's recreation areas, and pet facilities.
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