Illinois developer seeks approval for two-tower luxury project near downtown Sarasota

‘Saravela’ offers 271 units, including 40 attainable rentals.

Original Air Date: July 30, 2025

Host: An Illinois developer wants to build a twin-tower luxury condominium with some attainable apartments, covering much of one block on the North Trail near downtown Sarasota. Ramon Lopez has the details.

Ramon Lopez: Step by step, the two-tower Saravela mixed-use development, with both luxury condos and a decent amount of affordable rentals, continues to creep towards a grand opening. That’s anticipated in two years, says GSP Development.

A cog in the wheel is sign-off by the City of Sarasota Development Review Committee, or DRC, for short. It meets twice a month to coordinate and analyze requests for development approval, such as rezonings and site plans. Its recommendations go to the city commissioners…

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