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:

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The 2026 Pegasus World Cup Celebrates 10 Years as Horse Racing's Hottest Event As It Returns To Gulfstream Park

Marking a decade as one of the most influential events in horse racing, the Pegasus World Cup returns to Gulfstream Park on Saturday, January 24, 2026, for its 10-year anniversary celebration. Since its debut, Pegasus World Cup has redefined the sport, blending elite Thoroughbred competition with music, culture, style, and fashion on an international stage. 1/ST will deliver its signature entertainment experience through a renewed partnership with David Grutman’s Groot Hospitality, offering next-level hospitality in the Flamingo Room and will treat guests to a reimagined set by Empire Of The Sun following the races. Groot Hospitality and Palm Tree Crew collaborate once again for the new Pegasus Fan Zone concept in the Carousel Club, unveiling a high-energy entertainment lineup headlined by DJ duo Two Friends.

The 2026 Pegasus World Cup will feature the $3 million Pegasus World Cup Championship Invitational (GI), the $1 million Pegasus World Cup Championship Turf Invitational (GI) and the $500,000 Pegasus World Cup Filly & Mare Turf Invitational (GII) as part of the total $5.7 million on the line in race day purses.

“The Pegasus World Cup was created to introduce a new, meaningful event to the Thoroughbred horse racing calendar. Ten years in, it is recognized as one of the most anticipated and exciting events in the sport. Thank you to the horsemen and women, long-standing partners like Groot Hospitality and Palm Tree Crew, sponsors, enthusiastic fans and guests, and the South Florida community for your part in helping 1/ST reach this milestone moment.” - Belinda Stronach, Chairman and Chief Executive Officer, 1/ST

Reimagined for the 10th anniversary, the Flamingo Room remains a centerpiece of the Pegasus World Cup. The exclusive space offers sweeping, bird’s-eye views of the track, enhanced culinary programming, and entertainment offerings. Guests will experience a bespoke menu curated by Groot Hospitality concepts Gekkō, Komodo, Papi Steak and Casadonna. Live performances by Brian Newman, Grammy-Winning Producer, Creative & Musical Director, trumpetist and vocalist, and an exclusive, tailored DJ and vocal set by Empire Of The Sun will amplify the experience for guests in the Flamingo Room and private suites.

Groot Hospitality and Palm Tree Crew will collaborate for the Pegasus Fan Zone, located in Gulfstream Park’s Carousel Club. Hosted by Griffin Johnson, the space will deliver hospitality, culinary selections, wagering contests, and partner activations, alongside a lineup of race-day performances curated by Palm Tree Crew, including world-renowned DJs Two Friends, Ruckus, Rae Sada, and more. The Pegasus Fan Zone will also feature the Carousel Club VIP Garden, inclusive of beverages, food by Groot Hospitality, and on-the-rail homestretch views of the horses as they thunder toward the finish line.

“We are excited to continue our partnership with Belinda and the entire 1/ST team to deliver an incredible experience at the Pegasus World Cup this year.” - Myles Shear, Co-Founder of Palm Tree Crew

Beyond the track, the celebration continues at Miami’s iconic LIV Nightclub for the official Pegasus World Cup after-party headlined by Frank Walker and ARTY.

“Groot Hospitality has been proud to support the Pegasus World Cup from day one, and celebrating its ten-year milestone is special. This year we’re bringing our best in dining and entertainment to every part of the experience, from the Flamingo Room and Carousel Club VIP Garden, to the official after-party at LIV at Fontainebleau Miami Beach with Frank Walker, all in support of making Pegasus the hottest day in horse racing.” - David Grutman, Founder of Groot Hospitality

The 2026 Pegasus World Cup includes an outstanding roster of premier partners, each bringing distinct experiences and on-site activations to the event. Anheuser-Busch, marking the first year of a new three-year partnership with Pegasus World Cup, will activate a full-service Stella Artois–branded Airstream bar on the trackside apron, while NÜTRL Vodka Seltzer will activate throughout Carousel Club and the apron. Don Julio Tequila will be featured as the base spirit in the event’s signature cocktail, The Pegasus Paloma. Complementing the cocktail moment, Don Julio will also spotlight its Don Julio 70® Cristalino Tequila, underscoring the brand’s premium positioning within the event. Brown-Forman expands its footprint with Woodford Reserve, co-creating a signature cocktail and offering roving bourbon tastings, while Jack Daniel’s Tennessee Whiskey brings a branded activation to the trackside apron. CELSIUS® will energize the Pegasus Fan Zone with a high-impact presence anchored by a custom photo moment. Champagne Pommery is the official champagne of the event and will present the Winner’s Circle toast to the winning connections following each race. Pepsi also joins the program with a sponsored race, while Visit Lauderdale continues as the official tourism partner, highlighting the diverse offerings of Greater Fort Lauderdale through custom content, impactful signage, and on-site visibility.

Baccarat will return as the Official Trophy Purveyor for the 2026 Pegasus World Cup championship trophies. The rearing Pegase (French for ‘Pegasus’) Horses, crafted from the crystal of unparalleled purity, stand over twenty inches tall and symbolize the time-honored dedication to craftsmanship shared by Baccarat with the sport of horse racing. The limited-production Pegase Horse in Black, valued at $57,000, will be presented to the Pegasus World Cup Invitational winner, and the Pegase Horse in Clear, valued at $50,000, will be presented to the Pegasus World Cup Turf Invitational winner.

Tickets for the 2026 Pegasus World Cup range in price from $135 to $2,300, with unparalleled entertainment and incredible views of the action throughout the venue at every ticket level. Individual VIP ticket offerings include Clubhouse options (starting at $135), the Pegasus Fan Zone ($234), Carousel Club VIP Garden ($1,039), and Ten Palms (starting at $668).

For the ultimate VIP experience, a limited number of Private Suites (with terraces overlooking the track) are available. The Flamingo Room is sold out.

Among the general admission offerings is the Casadonna Finish Line Terrace, located on Level 1. This experience gives guests access to the Breezeway, Trackside Apron, Walking Ring, and Casino, along with live DJs, concessions, and multiple bars. The ticket includes a sponsored open bar for guests 21+ by Stella Artois and NÜTRL Vodka Seltzer.

1/ST BET, the official betting app of the 2026 Pegasus World Cup, will provide an exclusive wagering offering to all attendees. Through advanced AI technology, the 1/ST BET app is designed to make betting more accessible, easy to understand, and fun for first-time wagerers and advanced handicappers alike.

The Pegasus World Cup has captured the attention of the racing industry, fans, and celebrities, including Camila Cabello, Alix Earle, Rick Ross, Anuel AA, Jennifer Lopez, Gene Simmons, Lenny Kravitz, Pharrell Williams, Usher, Vanessa Hudgens, Vin Diesel, Maluma and Venus Williams, to name just a few. Pegasus World Cup guests have enjoyed post-race performances by Diplo, Black Coffee and Dasha (2025); Calvin Harris (2024); Joe Jonas, OneRepublic and Kygo (2023); Lil’ Kim, Ja Rule, Mase, El Debarge and DJ Cassidy (2022); Nelly and T-Pain (2020); Snoop Dogg and Mark Ronson (2019); Post Malone (2018); and Thomas Rhett (2017).

The Pegasus World Cup Championship Invitational Series has welcomed legendary Thoroughbred racehorses, including Arrogate (Longines World’s Best Racehorse 2016 and 2017 Pegasus World Cup Invitational winner), California Chrome (two-time American Horse of the Year 2014 & 2016 and 2017 Pegasus World Cup Invitational contender), Gun Runner (American Horse of the Year 2017 and 2018 Pegasus World Cup Invitational winner), City of Light (2019 Pegasus World Cup Invitational winner), Mucho Gusto (2020 Pegasus World Cup Invitational winner), Knicks Go (2021 Pegasus World Cup Invitational winner), Life Is Good (2022 Pegasus World Cup Invitational winner), Art Collector (2023 Pegasus World Cup Invitational winner), National Treasure (2024 Pegasus World Cup Invitational winner), Mystik Dan (2024 Kentucky Derby winner and 2025 Pegasus World Cup Invitational contender), and White Abarrio (2025 Pegasus World Cup Invitational winner).

The 2026 Pegasus World Cup will be broadcast live on NBC and Peacock on Saturday, January 24 from 4:30 to 6:00 p.m. EST, with full-day coverage available on FanDuel TV. The event will also be distributed globally in partnership with HBA Media.

Images via Pegasus World Cup

Past PROFILE articles about Pegasus World Cup:

Kygo, LIV And Palm Tree Crew Take Over Carousel Club As 'Art Collector' Takes $3 Million Pegasus World Cup 2023

On January 28, 1/ST’s 2023 Pegasus World Cup presented by Baccarat took place in front of over 10,000 fans at Gulfstream Park in Hallandale Beach as the 15-1 longshot ‘Art Collector’ under jockey Junior Alvarado took home the $3 million Pegasus World Cup. Known as “the greatest luxury event in horse racing,” 2023 marked the seventh running of the race as Thoroughbreds squared off in the $3 million Pegasus World Cup (G1), the $1 million Pegasus World Cup Turf (G1) and the second edition of the $500,000 Pegasus Filly and Mare Turf Race.

For the 2023 Pegasus World Cup, LIV with Palm Tree Crew curated a uniquely Miami experience at Gulfstream Park’s Carousel Club featuring performances by OneRepublic and Kygo, as well as a surprise performance by Joe Jonas who performed “Dancing Feet” and the DNCE hit, “Cake By The Ocean”. Maluma celebrated his birthday at a VIP table of friends, as guests enjoyed sips by Pepsi and Whispering Angel, and cigars by Davidoff. Also in attendance were Venus Williams, Chantel Jeffries, Alix Earle, Ella Balinska, David Grutman, Isabella Grutman’s, Myles Shear, Reilly Opelka, Genie Bouchard, Fred Taylor, Greg Bennati, Demetri Demascus, Hannah Selleck, Camila Coehlo and others.

Pegasus World Cup Presented By Baccarat has quickly established itself as South Florida’s leading luxury sports and lifestyle event of the year. Nationally broadcast on NBC and distributed globally, Pegasus World Cup attracts A-list celebrity attendees, fashion icons, influencers and avid fans to catch a glimpse of the sport’s most iconic event of the year.

Launched in 2017 as part of 1/ST’s mission to excite, energize and modernize the sport of racing for a new generation of fans, the Pegasus World Cup provides lucrative opportunities for Thoroughbred owners and trainers. With historic wins from some of the most celebrated names in Thoroughbred horse racing including ‘Arrogate’, 2021’s ‘Knicks Go’, 2022’s ‘Life Is Good’ and now 2023’s ‘Art Collector’ as Champions. Pegasus continues to draw the best in racing and entertainment through a continued focus on innovation.