Announced

Palm Tree Residences Miami

Miami · Mixed-Use

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
Dive Deeper
Last verified Jul 13, 2026
4.4 yrs to delivery
5%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
Est 2030
Completion
483
Units
37
Floors
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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 2026Unveiled 2026-05-19, condo sales launched first week of June 2026 (Palm Tree Crew/Kygo brand); no groundbreaking yet → keep Announced
therealdeal.com
Expected groundbreaking Jul 2027 est.
Expected opening 2030 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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.

Developer & design
Developers
Property Markets GroupLion Development GroupEden ResidentialSterling Equities
Architect
Kobi Karp
Atlas Intelligence Powered by Onyx 4.1
Projected pricing at delivery
Palm Tree Residences Miami
Miami · Coming Q4 2030 · Mixed-Use
Onyx Projection
$•,••• / sq ft at delivery
Projected band $•,••• – $•,••• — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2030
Projected median
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Comparable set — basis for projection

•••••••• mi
$•,•••
•••••••• mi
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Confidence: High · 6 comps · projections are modeled estimates, never listings
Projection values are a TMW Pro surface. The model, comps and band unlock instantly.Unlock with Pro
Scenario outlook
Palm Tree Residences Miami
Miami · Coming Q4 2030 · Mixed-Use
Onyx Projection
Projected price / sq ft
$•,•••
at delivery, base case
Sell-out timeline
••months
from sales launch to final close
Absorption pace
•.•units / mo
modeled from the comp set

Scenario assumptions

Fed rate path—
Submarket supply—
Luxury demand—
Comp appreciation—
Scenarios recompute against the submarket comp set · directional, not guaranteed
Scenario values are a TMW Pro surface.Unlock with Pro
The Miami market 95 · Saturated supplyPark West 80-project pipeline · 32,295 residences and keys · peak Late ’28 Explore the market →
Location
Map location
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Journal Coverage
Palm Tree Residences Miami has been covered in 1 article on Markets of Tomorrow.
May 19, 2026
PMG and Palm Tree Crew unveil the world's first-ever Palm Tree Residences in Miami
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.

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