PMG, Eden Residential, Lion Development Group, Sterling Equities, and Palm Tree Crew Reveal the First-Ever Palm Tree Residences Miami in Downtown Miami

Miami's entertainment district is setting the stage for a new way of living, shaped by how today's most discerning residents move between cities and seek out experiences that reflect their world. National developer PMG and Lion Development Group, together with Eden Residential and Sterling Equities, have revealed Palm Tree Residences Miami, the first-ever Palm Tree-branded residence bringing together the unmistakable culture, community, and design sensibility of the iconic Palm Tree Crew.

Developed in partnership with Palm Tree Crew, the global entertainment, hospitality, and investment company co-founded by world-renowned music producer Kygo and Myles Shear, these 483 bespoke residences offer a vision for modern living defined by restorative wellness, highly curated experiences, and unparalleled access to a global lifestyle emblematic of Miami. PMG Residential is exclusively representing sales, with the sales launch commencing in the first week of June ahead of the FIFA World Cup in Miami.

"Palm Tree Crew has established itself as one of the most compelling forces in global lifestyle and culture," said Ryan Shear, Managing Partner at PMG. "Their ability to cultivate community and deliver exceptional experiences translates seamlessly into the way we think about residential living in Miami. Palm Tree Residences Miami will offer residents something genuinely distinct, access to a global lifestyle defined by world-class events and experiences, paired with an uncompromising standard of quality in the way they live at home. We are proud to bring this vision to life in Miami, and we believe it will set a new benchmark for how people experience home.”

Palm Tree Crew’s approach to creating unforgettable experiences is seen throughout the expansive, three-level amenity collection Palm Tree Residences Miami provides. Designed as a dynamic campus rooted in connection, this space creates a platform for residents to create lasting memories and thrive off of their surroundings through a number of engaging ways. A signature Palm Tree Crew venue will be located at the ground level, offering an elite dining and nightlife venue with curated live experiences amidst a refined music-infused atmosphere.

For a more casual and relaxed experience, the rooftop sky deck features an infinity-edge pool cascading out toward Downtown Miami, a hot tub, a private indoor lounge with an outdoor terrace, and indoor and outdoor bars. If getting active is more one’s speed, an outdoor padel court with sweeping views of Miami, a state-of-the-art fitness center, functional training turf, a climbing wall, an expansive wellness center equipped with private treatment rooms, cold plunge pools, and saunas, and a dedicated yoga studio with his-and-hers locker rooms are ready to help residents meet their fitness goals. Additional perks of living the Palm Tree Residences Miami lifestyle include an elegant arrival lobby and reception lounge for comfortable greetings, a juice bar, a golf simulator, bike storage, and high-energy, Palm Tree house cruiser bikes.

Ownership at Palm Tree Residences Miami unlocks something far greater than a home, it is an entry point into the global Palm Tree Crew ecosystem. Residents enjoy a dedicated concierge service tailored to their needs across the entire PTC network, curated in-residence programming spanning wellness activations and exclusive events, signature merchandise offerings, and access to residents-only preferred pricing on exclusive releases. Beyond the building, ownership translates into unrivaled access to Palm Tree Crew events and venues worldwide, from priority access to Palm Tree Festivals with preferred ticketing and table opportunities, weekday dining privileges at Palm Tree Club Miami, and exclusive access to members-only tables and lounges. At Palm Tree Residences Miami, where you live is your greatest amenity.

"Palm Tree Residences Miami is a natural extension of everything we stand for, building spaces where culture is lived every day and community forms organically," said Palm Tree Crew CEO & Co-Founder, Myles Shear. "Miami was the only choice for our first residences. It is a city that embraces originality, celebrates life at every turn, and has always been home to concepts that push boundaries. In partnership with PMG, Eden Residential, Lion Development, and Sterling Equities, we are creating something truly special, a place designed for today's most creatively inclined minds, where world-class experiences, restorative wellness, and effortless comfort come together under one roof. This is just the beginning."

Designed by internationally renowned firm Kobi Karp Architecture & Interior Design, each home within Palm Tree Residences Miami will create a lifestyle that unfolds naturally with each detail, balancing the building's vibrant, social energy with refined elegance throughout the living quarters. The collection of fully furnished and finished residences ranges from junior suites and junior suites with dens to one-bedroom plus den, two-bedroom, and three-bedroom floorplans. Each residence will include elevated features such as custom kitchen cabinetry fabricated by Italian design house Italkraft, a fully integrated Miele appliance package, custom bathroom cabinetry and countertops, modern spa-inspired bathroom fixtures, and fully built-out closets. Select residences with dens will also be equipped with custom Murphy beds. Contemporary lighting schemes and advanced smart home technologies will further enhance the living experience, integrating convenience and personal touches that evolve with each owner.

Owner personalization continues beyond the home throughout the building’s service package. This hospitality-driven experience includes valet parking, a dedicated mail room with secure package storage, optional laundry service, and in-house cleaning and refresh services to keep each home effortlessly maintained. Short-term rental flexibility is also offered at the property, serving tastes of this exceptional lifestyle and its comforts.

Renderings via ARX Creative

Past PROFILEmiami articles about Palm Tree Residences Miami:

For more information about Palm Tree Residences Miami or to inquire about purchasing a unit please fill out the form below:

Emerging Leaders: The Next Generation of Real Estate Presented by the Miami Herbert Business School Accelerated MBA in Real Estate

PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate are pleased to present “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. Miami is one of the hotbeds of commercial and residential real estate development and investment, making a career in Miami’s ritzy real estate industry a coveted position to hold. PROFILEmiami has teamed up with Miami Herbert Business School’s Accelerated MBA in Real Estate program to explore the next generation in real estate, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening will be held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing their new luxury condominium and townhome project now under development in Downtown Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders. The engaging panel will feature keynote speakers Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; moderated by Demetri Demascus of PROFILEmiami.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

Who Should Attend: Prospective MBA candidates, Recruiters, Employers, Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: October 26, 2023 | 6 PM - 8 PM

Where: The Village at Coral Gables Sales Gallery, 2990 Ponce De Leon Blvd., Coral Gables

Panelists:

• Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas

• Jakub Hejl, Founder & CEO, Westside Capital

• Diego Torrealba, Vice President, MG Developer & University of Miami

• Marc Chasin, Vice President, Eden Multifamily

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

Hosts & Sponsors

Hosts:

EDEN Multifamily and The Dermot Company Reveal Plans For Downtown Miami Kobi Karp-Designed High-Rise Residential Project In District 11

Prolific Miami-based real estate development firm EDEN Multifamily has partnered with multifamily developer and investor The Dermot Company to bring a Class-A, luxury rental residential tower to downtown Miami’s Park West District 11. EDEN and Dermot plan to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp in one of the hottest residential and entertainment neighborhoods in the world. This development represents the first partnership between Miami-based EDEN and New York-based Dermot. Construction is expected to begin in 2024.

The project site is located at 1018 N. Miami Ave., immediately west of E11EVEN Hotel and Residences and just northwest of the Miami Worldcenter mixed-use $4 billion mega project. Plans call for 8,000 square feet of retail space on the tower’s ground floor. The building will also feature more than 25,000 square feet of indoor and outdoor amenity space, including a luxurious pool, fitness center, health-and-wellness areas, club rooms, coworking spaces and much more. The project will be designed, constructed, and operated to the latest ESG investment principles and standards for commercial real estate for resiliency and environmental certification.

The location, amid the preeminent Miami Park West district, allows for convenient access to the Brightline Train Station, which runs from Miami to West Palm Beach and soon to Orlando. Park West is adjacent to the Miami World Center district, which encompasses an area of approximately 24 acres of high-end residential and commercial development. While condominiums have constituted much of the housing inventory in the area to date, rental options have been limited.

“We are thrilled to team up with a best-in-class national partner like Dermot and help address the intense demand for luxury rentals in Miami’s urban core,” said EDEN Co-Founder Jay Jacobson who leads EDEN multifamily with Jay Massirman. “With this project, we aim to set the gold standard for multifamily high-rise quality and design in the downtown area.”

“We are proud to partner with EDEN on this residence that will transform the downtown Miami skyline,” said Dermot CEO Stephen Benjamin. “As we continue to build our portfolio in South Florida, aligning ourselves with such a respected and like-minded developer in the local market was a natural next step for us, and co-founders Jay Jacobson and Jay Massirman have one of the most impeccable records in the business.”

Greenberg Traurig is representing the joint venture in the land-use process. Jordan Karp LLC brokered the pending acquisition of the project site. The project is scheduled to be presented to the City of Miami’s Urban Development Review Board during its April 19 meeting.

Renderings via Kobi Karp Architecture & Interior Design and EDEN Multifamily