What is Palm Tree Residences Miami?
Palm Tree Residences Miami is a 37-story branded residential tower rising at 31 Northwest 10th Street in the heart of downtown Miami's entertainment district. It is the first-ever branded residence from Palm Tree Crew — the global lifestyle platform founded by Norwegian DJ-producer Kygo and his manager Myles Shear, the team behind the Palm Tree Music Festival and the brand's presence at F1 Miami, Art Basel, The Masters, the Super Bowl, the World Cup Finals, and St. Barths New Year's Eve.
The project will deliver 483 fully furnished residences ranging from junior suites to three-bedroom homes. Pricing starts at $500,000 and runs to approximately $3 million for top floor-plate three-bedroom layouts. Every residence is short-term rental friendly, which means owners can rent through platforms such as Airbnb and Vrbo subject to building and association rules.
Stories: 37
Units: 483 fully furnished
Architect: Kobi Karp Architecture & Interior Design
Brand: Palm Tree Crew (Kygo & Myles Shear)
Developers: PMG, Lion Development Group, Sterling Equities, Eden Residential
Stage: Pre-construction, pre-sales launched May 2026
Pricing: From $500,000
Short-term rentals: Permitted
Who is behind Palm Tree Residences Miami?
The development is a four-firm partnership. Property Markets Group (PMG) — led by Ryan Shear, Dan Kaplan, and Kevin Maloney — is the lead developer and handles sales and marketing through PMG Residential. PMG has been one of South Florida's most active developers, with current projects including Waldorf Astoria Residences Miami, Delano Residences, and a Frida Kahlo-branded Wynwood project. Earlier this month, PMG landed $126 million in construction financing with partner Lndmrk Development for another short-term rental-friendly condo in Wynwood.
Lion Development Group is led by Miami-based Michael Simkins, whose recent work includes the Jean-Georges Miami Tropic Residences — the Michelin-starred chef's first branded residential project. Eden Residential is helmed by Jay Massirman and Jay Jacobson, also Miami-based. Sterling Equities is the New York-based partner, led by the Katz and Wilpon families — the longtime majority owners of the New York Mets before selling to billionaire Steve Cohen in 2020.
The architecture and interior design are by Miami's Kobi Karp Architecture & Interior Design, a firm responsible for a generation of South Florida's most recognized contemporary residential and hospitality projects.
What unit types are available and how are they priced?
The price sheet released at launch shows five primary residence types across the tower's residential levels:
- Junior Suite — 1 bath, 478–510 SF interior, 72–171 SF balcony, $500K–$799K
- Junior Suite + Den — 1 bath, 619–632 SF interior, 206–234 SF balcony, $700K–$899K
- 1 Bedroom + Den — 1 bath, 602–607 SF interior, 94–106 SF balcony, $700K–$1.1M
- 2 Bedrooms — 2 baths, 853–863 SF interior, 345–359 SF balcony, $900K–$1.3M
- 3 Bedrooms — 3 baths, 1,209 SF interior, 213 SF balcony, $1.4M–$3M
The residential floor plate (shown on Level 10 and the alternate Level 11 plan) features 18 residences per floor. Select Junior Suite + Den and 1 Bedroom + Den units include custom Murphy beds for flexible sleeping arrangements — a thoughtful detail for owners who plan to host guests or rent the home short-term.
What's included with a furnished delivery?
"Fully furnished" at Palm Tree Residences Miami means more than a curated furniture package. Every residence is delivered with designer kitchens by Italkraft, a curated appliance package featuring premium brands including Miele, custom countertops and backsplashes, contemporary undermount sinks, spa-inspired bathrooms with Waterworks fixtures, finished floors and walls in wet areas, fully built-out bedroom closets with shelving and drawers pre-installed, and a built-in washer and dryer. The building runs on integrated smart-building technology with secured Wi-Fi across common areas.
The implication for owners is that the residence is rent-ready on day one. There is no design phase, no procurement timeline, no waiting on furniture deliveries to start using the home or to begin listing it on short-term rental platforms.
How does the amenity program compare to other downtown Miami condos?
Over 57,000 square feet of amenities span three dedicated levels — a meaningfully larger amenity footprint than most downtown condos of this size deliver. The headline programming is built around the Palm Tree Crew brand: a ground-floor Palm Tree Club venue for dining and nightlife, programmed by the team behind the Palm Tree Music Festival, and a rooftop Palm Tree Beach Club with resort-style infinity pool, garden-style terrace, and private member's lounge.
The wellness floor is unusually robust for a downtown short-term-rental-friendly tower: a state-of-the-art Technogym fitness center with a climbing wall, a movement studio for yoga and Pilates, full thermal circuit (steam, sauna, cold plunge), private treatment rooms, his and hers locker rooms, and a juice bar. There's an outdoor double padel court with city views, a golf simulator, Palm Tree house cruiser bikes, valet parking, secured Wi-Fi across common areas, a 24-hour concierge, and 24-hour security with access-controlled entry.
What does Palm Tree Crew ownership actually unlock?
Beyond the building, Palm Tree Residences ownership comes with a defined slate of brand benefits tied to the broader Palm Tree Crew (PTC) ecosystem. The two categories are residence-level perks and event/venue access.
On the residence side: a dedicated concierge service tailored to support residents across the entire PTC ecosystem, curated in-residence programming (wellness activations and resident events), signature merchandise offerings, and exclusive resident-only online discounts.
On the event side: priority access to Palm Tree Festivals with preferred ticketing and table opportunities, dedicated and expedited entry for residents at PTC venues, preferred pricing on tickets across select venues, weekday dining privileges at Palm Tree Club Miami (the ground-floor venue), and access to exclusive members-only tables, lounges, and premium viewing decks at PTC properties.
Is the short-term rental policy really friendly?
Yes. The building is structured as a short-term rental friendly condominium, meaning owners are permitted to rent residences on a short-term basis through Airbnb, Vrbo, and similar platforms, subject to the building's rules. This is a material distinction in Miami's condo landscape — many buildings either prohibit rentals shorter than 30 days, or impose limits like one or two short-term rentals per year. Palm Tree Residences Miami is designed from the ground up to operate as a flexible-use building.
Combined with fully furnished delivery, on-site building staff, and Italkraft kitchens that present well in listings, this positions the project among the most flexible investment-friendly branded condos in downtown Miami.
Why this location?
31 NW 10th Street sits in Park West, the cultural and entertainment heart of downtown Miami. Within a short walk: Kaseya Center (home of the Miami Heat), the Adrienne Arsht Center for the Performing Arts, Bayside Marketplace, and E11EVEN. A short drive in any direction lands you in Brickell's financial district, Wynwood's gallery scene, the Design District, Miami Beach (via the MacArthur Causeway), or Miami International Airport. PortMiami's cruise terminal is 1.5 miles east — an essential proximity for owners planning to short-term rent during cruise season.
What is the deposit structure and timeline?
Palm Tree Residences Miami launched pre-sales in May 2026. The indicative deposit structure follows the standard South Florida pre-construction pattern: a milestone schedule across reservation, contract execution, construction milestones (groundbreaking, top off), and the balance at closing. Total pre-closing deposits target 40%. Final, signed terms are confirmed in the Purchase Agreement, which is provided alongside the price list during the reservation process.
Frequently Asked Questions
How many residences are at Palm Tree Residences Miami?
Palm Tree Residences Miami features 483 fully furnished residences across 37 stories at 31 Northwest 10th Street in downtown Miami. The mix includes junior suites, junior suites with den, 1 bedroom + den, 2-bedroom, and 3-bedroom layouts.
Are short-term rentals allowed?
Yes. Palm Tree Residences Miami is structured as a short-term rental friendly condominium. Owners are permitted to rent on a short-term basis through platforms such as Airbnb and Vrbo, subject to building and association rules.
Is there an additional cost to work with WIRE Miami?
No. The developer covers the brokerage commission. There is no additional cost to the buyer. Working with Adrian Sanchez at WIRE Miami gives you developer-direct pricing and priority unit selection.
Who is the architect?
Kobi Karp Architecture & Interior Design — the Miami-based firm responsible for a generation of South Florida's most recognized contemporary residential and hospitality projects.
What's the entry price?
Junior Suites at Palm Tree Residences Miami start from $500,000. The full price range across all unit types runs to approximately $3 million for top three-bedroom layouts.