A First, and an Address
Banyan Tree Residences will be the brand's first homes anywhere in the United States, which makes the choice of address a statement. Hotel names entering American residential real estate have usually started in Miami or New York. Banyan Group went instead to a Florida downtown where the new construction pipeline already counts twelve luxury condominium projects. The brand is arriving into real competition, on purpose, one block from CityPlace.
The outline is compact. A tower of 26 stories will hold 88 residences that run from one bedroom to four, with penthouses above them. Reported pricing starts just under two million dollars. Sales run from the developer's gallery at the site, by appointment, and current pricing and availability are confirmed there. OMA's massing is a dual form tower, and the standard floors, 10 through 23, hold six corner residences each.
The Names on the Drawings
The roster explains much of the ambition. OMA, Rem Koolhaas's practice, is the architect, working with Corwil. Yabu Pushelberg takes the interiors and Enzo Enea the landscape. For a downtown West Palm Beach commission the list reads like one assembled for a larger city, which appears to be the developers' point.
Source: the developer's March 2026 announcement
Eighty Eight Corners
The geometry is the building's simplest claim. Each home occupies a corner of the floor plate, and a terrace wraps the two exposures that come with it. No residence faces a single direction. Holding that rule across all 88 homes on 26 stories keeps the count low for the height, and it gives the sales gallery one sentence that covers the entire building.
The Vote in August
West Palm Beach's Downtown Action Committee heard the tower in August 2026 and passed it without a dissenting vote, a clean pass at full height. Story counts of 24 and 25 have circulated in listings and in the approval coverage. The developer's published materials carry 26 stories at 400 Hibiscus Street, confirmed to us by the development team in October 2026, and this report follows the developer.
- Mar 2026 · the announcement
- Aug 2026 · unanimous vote
- 2029 · targeted completion
Source: the developer's March 2026 announcement and the August 2026 approval coverage.
The published record shows no groundbreaking date yet, only a completion target of 2029 and a sales operation already running at the site.
What the Flag Carries
Banyan Tree built its reputation on wellness hospitality, and the building commits a full floor to it. The spa shares the level with a hammam and a cold plunge. A meditation dome opens onto its own garden, and cryotherapy completes the program. Ownership also carries Sanctuary Club privileges, honored at Banyan's hotels, so the residence stays connected to the brand that named it.
Hotel flags are a theme of this construction cycle. The Ritz-Carlton Residences rise on the waterfront, and Mandarin Oriental's residences are planned for Northwood. Of the set, only Banyan Tree arrives without a single American residence behind it, and its opening chapter runs through 400 Hibiscus Street.
Bring Your Own Advisor
The gallery can tell you about the building. We tell you about the market around it. We know how each release has moved, what competing projects offer, and where the leverage sits. We arrange private presentations around your schedule, negotiate terms and incentives, and help you choose the right residence.
Building facts come from the developer's release of March 2026 and the approval coverage of August 2026. The address follows the city filings and the 26 story height follows the developer's published materials, confirmed by the development team in October 2026. The residence count and design roster follow the announcement. A circulating listing shows 24 stories and a Dixie Highway address, and the filings win on both points. Pricing from $1.9M is as reported in 2026 and the developer revises it with each release. No closing exists in the public record and nothing here restates one. Development details follow the developer's published materials as of August 2026 and are subject to change.
This is reporting on a planned development, not investment advice.
The developer's March 2026 announcement (PR Newswire).
City approval coverage of August 2026 from Profile Miami, Stet News, The Real Deal and Florida YIMBY.
Palm Beach Luxury, the building's page and our new-development records.
