Banyan Tree Residences West Palm Beach

Banyan Tree has spent three decades building sanctuary resorts in Phuket, Bintan, and the Maldives without ever putting its name on a residential building in the United States. West Palm Beach is where that changes. Banyan Tree Residences at 400 Hibiscus Street is the Singapore group's first U.S. residential address — a decision that says as much about where this city sits in the global luxury conversation as any sales figure does. The project is being developed by Miami-based Mast Capital in partnership with Banyan Group. Mast Capital's development partner is Curated JCZM Development.

That heritage explains why the building reads differently from everything else in the WPB pipeline. Most luxury towers treat a spa and a fitness center as amenity line items. Here the hydrothermal spa, the cryotherapy and hammam suites, the meditation garden, and the wellness concierge are the conceptual foundation of the project — the resort operating model, translated into a place people live full-time.

The architecture is by OMA, the Office for Metropolitan Architecture founded by Pritzker Prize laureate Rem Koolhaas. OMA's portfolio spans some of the most intellectually rigorous buildings of the past four decades — the CCTV Headquarters in Beijing, the Seattle Central Library, De Rotterdam. Their residential work is rare and deliberate. The West Palm Beach design is a dual-form tower of faceted concrete and glass, carved to pull Atlantic light in from multiple directions across its 22 stories and 296 feet.

Interiors are by Yabu Pushelberg, the Toronto and New York-based firm responsible for some of the most celebrated luxury hospitality and residential interiors in the world — including Four Seasons properties, the Park Hyatt New York, and high-end residential towers in Miami and New York. Their signature at Banyan Tree is a retreat-inspired calm: natural materials, considered proportions, and spaces that feel curated rather than decorated. The grounds are by Enea, the Swiss landscape architecture practice.

Every one of the 88 residences at Banyan Tree is a corner home. This is an architectural commitment that most luxury developers claim and few actually deliver — here, it is structural. Corner placement means each residence has floor-to-ceiling glass on multiple exposures, wraparound terraces, and the kind of light that transforms how a space feels throughout the day.

Residences range from one to four bedrooms, plus a limited Penthouse Collection, and most homes have private direct elevator entry. Pricing at launch opened at roughly $1.9M for one-bedrooms of about 1,000 square feet, with two-bedrooms of 1,500–1,600 square feet in the $2.5M–$3.7M range and three-bedrooms of about 2,200 square feet from roughly $4M. Four-bedrooms and the Penthouse Collection are priced above that on request. The building's 22 stories provide meaningful view differentiation between floors — upper residences capture Intracoastal and ocean water views alongside the WPB downtown skyline.

Finishes reflect Yabu Pushelberg's natural materials approach: wood flooring, stone countertops, and a refined palette that emphasizes texture and calm over drama. Standard specifications include kitchen islands, walk-in closets, in-unit laundry, and wine refrigeration. HOA fees of approximately $5,000–$8,000/month reflect the building's full-service wellness infrastructure and include cable, common areas, insurance, pest control, reserves, sewer, trash, and water.

The amenity program at Banyan Tree Residences is built around a philosophy that distinguishes it from every other building in the WPB market: the idea that a luxury residence should actively support your health and wellbeing, not just provide a place to sleep and a pool to look at.

The centerpiece is a resident-only Banyan Tree Spa with deluxe treatment rooms, cryotherapy, and a hammam — the contrast-therapy sequence that serious wellness practitioners travel internationally to access, available downstairs. A wellness concierge guides personalised rituals rather than handing you a class schedule, and the fitness program is structured around movement, recovery, and renewal instead of a room of cardio machines. The meditation garden is purpose-built for contemplative use, not borrowed from a lounge.

The Enea-designed grounds bring the natural materials ethos outside: lush, curated landscape that feels removed from the urban context even as the building sits at the heart of downtown. A serviced sunset pool deck, the putting green, cabana, library, and social lounges complement the wellness core for residents who want variety in how they use the building's common spaces. Owners also have access to The Sanctuary Club, which extends privileges across Banyan Tree's global network of hotels and resorts — the practical benefit of buying into a hospitality brand rather than a developer's in-house amenity package.

400 Hibiscus Street places Banyan Tree Residences at one of downtown West Palm Beach's most connected addresses: one block from CityPlace, two blocks from the Intracoastal Waterway. The building takes the full block at Hibiscus Street and South Dixie Highway — a 0.85-acre site that had held the low-rise former home of the Arthritis Foundation — and puts 11,000 square feet of ground-floor commercial space beneath the residences, so the street level stays active rather than presenting a blank wall. Palm Beach Island — Worth Avenue, the Four Seasons, the beach — is accessible by bridge in minutes, and the Clematis Street dining corridor is walkable.

The Brightline high-speed rail station is within a short drive, connecting residents to Fort Lauderdale, Miami, and Orlando without airport friction. Palm Beach International Airport is approximately 12 minutes by car. For residents who travel frequently, this is the kind of urban infrastructure that makes a Banyan Tree residence work as a primary home rather than just a seasonal retreat.

The building's downtown position also means proximity to WPB's cultural institutions — the Kravis Center, the Norton Museum of Art, the Ann Norton Sculpture Gardens, and the city's expanding gallery and dining scene. The buyer Banyan Tree is designed for is not just seeking a luxury address. They are seeking a life in a city that is genuinely changing — and a building that reflects where that city is going.

Banyan Tree Residences cleared its final city hurdle on August 12, 2026, when West Palm Beach's Downtown Action Committee approved the project unanimously. Because the design meets the code for this district in every respect, no City Commission vote was required — the tower is entitled and the developer is clear to proceed. Delivery is projected for 2029. The sales gallery at 400 Hibiscus Street is open by appointment.

That approval matters more than a routine permit note. A dozen members of the resident group Save West Palm Beach turned out to object, arguing that a 296-foot tower on a 0.85-acre site beside substantially lower buildings would compound downtown traffic and crowding — the same objection now attached to most large projects in the city. Committee members countered that the design was, in the chairman's words, "very, very well thought out." For a buyer, the takeaway is that entitlement risk on this building is behind it, at a moment when new approvals downtown are getting harder rather than easier.

With only 88 residences, the building's supply constraint is one of the most significant in the WPB new construction pipeline. The OMA and Yabu Pushelberg pedigree, the resort brand's first U.S. residential outing, and pre-construction pricing that opens under $2M put Banyan Tree in an unusual position: it is one of very few genuinely design-led downtown buildings a buyer can enter below the $3M mark.

Rental restrictions (180-day minimum, once per year) align with the owner-occupant culture the building is designed to foster. For buyers whose primary interest is rental income, the restrictions narrow the strategy; for buyers seeking a premier primary or seasonal residence at one of WPB's most limited and architecturally distinguished addresses, the restriction is a feature, not a limitation.

Contact Christine Dekant or John Oliver at DO Homes Group for current floor plan availability, pre-construction pricing, and to discuss whether Banyan Tree Residences fits your timeline and goals.