Announced

Palm Tree Residences Miami

Palm Tree Residences Miami is the first branded residential tower from Palm Tree Crew, the music and lifestyle brand founded by Kygo and Myles Shear.

Official Website
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~2030
Completion
483
Units
37
Floors
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Details

31 NW 10th Street, Miami. 37 floors and 483 residences. Targeting 2030.

The story so far
Announced May 19, 2026Publicly unveiled May 19 2026 — first Palm Tree Crew (Kygo) branded residences; completion ~2030. Address backfill.
oftmw.com
Sales launched Jun 10, 2026Sales launched at a June 10, 2026 waterfront event at Palm Tree Club Miami; The Real Deal and Miami New Times reported the early-June launch in advance
worldredeye.com
Expected groundbreaking Jul 2027 est.
Expected opening 2030 est.
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TMW IntelligenceVerified Oct 20, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for Palm Tree Residences Miami

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The Miami market 85-project pipelinePark West 32,648 residences and keys across the projects in our database Explore the market →
Projected pricing $•,•••/sfFull projectionProjection →
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About the project

Palm Tree Residences Miami is the first branded residential tower from Palm Tree Crew, the music and lifestyle brand founded by Kygo and Myles Shear. Rising 37 stories in Downtown Miami's Park West district, the short-term-rental-friendly tower delivers 483 fully furnished condominiums ranging from junior suites to three-bedroom residences, developed by Property Markets Group with Lion Development Group, Eden Residential and Sterling Equities and designed by Kobi Karp Architecture & Interior Design. Fusing festival culture with resort-style living, it pairs a ground-floor Palm Tree Crew dining and nightlife venue with a rooftop beach club, infinity pool, padel court, golf simulator, and spa and wellness facilities in the heart of Miami.

Companies and contacts

Every firm on Palm Tree Residences Miami, the office nearest it, and the people who work on it.

TMW Intelligence
Projected pricing at delivery
Palm Tree Residences Miami
Miami · Coming Q4 2030 · Mixed-Use
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2030
Projected median
Confidence band
Today

Comparable set — basis for projection

Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Confidence: High · 6 comps · projections are modeled estimates, never listings
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Scenario outlook
Palm Tree Residences Miami
Miami · Coming Q4 2030 · Mixed-Use
TMW Projection
Projected price / sq ft
$1,850
at delivery, base case
Sell-out timeline
18months
from sales launch to final close
Absorption pace
4.5units / mo
modeled from the comp set

Scenario assumptions

Fed rate pathGradual cuts
Luxury demandSteady
Comp appreciation+6% / yr
Scenarios recompute against the submarket comp set · directional, not guaranteed
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Bear, base and bull: price, sell-out and pace for each case.

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Common questions

Frequently asked

Where is Palm Tree Residences Miami located?

Palm Tree Residences Miami is located in Miami.

When will Palm Tree Residences Miami be built?

Palm Tree Residences Miami is an announced development that has not yet started construction, targeting completion in 2030 (a TMW estimate).

Who is developing Palm Tree Residences Miami?

Property Markets Group & More is the developer behind Palm Tree Residences Miami.

Who designed Palm Tree Residences Miami?

Palm Tree Residences Miami was designed by Kobi Karp.

How big is Palm Tree Residences Miami?

Palm Tree Residences Miami rises 37 stories with 483 residences.