Downtown Sarasota condo introduces short-term rental model

A new residential development planned for downtown Sarasota is introducing a model rarely seen in Florida’s luxury condo market: high-end ownership paired with short-term rental flexibility.

Chicago-based GSP Development has unveiled Saravela, an 18-story luxury condominium project planned for North Tamiami Trail in downtown Sarasota.

The development will include 282 condominiums, 11 townhomes, ground-level retail and a full amenity program…

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