Banyan Tree's first US residence - 88 corner homes with a full wellness floor, downtown West Palm Beach
Banyan Tree Residences West Palm Beach is the first residential address Banyan Group has created in the United States, and the first time the Banyan Tree brand has been paired with architecture by OMA, the studio founded by Pritzker Prize winner Rem Koolhaas, interiors by Yabu Pushelberg, and landscape design by Enzo Enea. That four-way collaboration has not occurred before on any project, in any market.
The building rises 25 storeys at 400 Hibiscus Street as a dual-form tower - two sculpted volumes rather than a single slab - a decision that does specific work: it allows all 88 residences to be corner homes. Every apartment therefore has multi-directional exposure, wraparound terraces with dual aspects, and 10-foot clear ceilings behind floor-to-ceiling impact glass. Most have direct private elevator entry. Yabu Pushelberg's interiors are built on natural stone, brushed metals, hardwood floors, fluted glass and custom millwork, with a restraint that reads as material quality rather than decoration.
The address sits one block from CityPlace and two blocks from the Intracoastal Waterway, with Palm Beach island, Worth Avenue, the Norton Museum of Art and the Kravis Center all inside a short radius. A full floor is given over to wellness - spa, meditation dome, hammam, cryotherapy, cold plunge, meditation garden and yoga terrace - which is what the Banyan Tree name has meant across three decades of resorts, brought indoors and made permanent.
This is not simply a branded condominium in a growing downtown. It is the first American expression of a wellness hospitality brand, delivered at a scale small enough that every home in it is a corner residence.
Living here is defined by exposure - light arriving from two directions in every home, at every hour. Because the tower is drawn as two sculpted forms rather than one block, each residence turns a corner: the great room reads the city on one side and water on the other, and the wraparound terrace continues that turn outdoors so there is no single fixed view but a sequence of them through the day. Ten-foot ceilings and full-height glass keep the boundary between the two thin.
Yabu Pushelberg's intent was calm rather than statement. The studio worked with a narrow palette - travertine, natural stone, brushed metal, hardwood, fluted glass - and chose not to compete with the view or the light. In the primary bathroom that means layered travertine, an integrated stone sink and a rainforest shower composed as a daily ritual rather than a fixture list. The result is an interior that ages by settling into itself.
What the building finally offers is not a set of amenities but a rhythm: restoration built into the floor plan rather than booked for a week at a time.
Banyan Tree Residences West Palm Beach occupies a positioning gap that is structurally difficult to reproduce.
First, brand entry: Banyan Group has operated for more than three decades across more than 20 countries without placing a residential project in the United States. A first market entry can only happen once, and it is not repeatable in this country. Second, design authorship: OMA, Yabu Pushelberg and Enzo Enea have never previously collaborated on a single project, and the specific combination cannot be assembled again as a debut. Third, plan geometry: making all 88 homes corner residences required a dual-form massing on a downtown parcel, which is a design constraint that most towers of this height resolve by adding interior-facing units instead. Fourth, wellness depth: a full dedicated floor with hammam, cryotherapy, meditation dome and treatment rooms is an operating commitment tied to a hospitality brand, not an amenity package a developer can retrofit. Fifth, market timing: West Palm Beach has absorbed a decade of financial-sector relocation into a downtown with a small, tightly zoned core and very limited remaining sites of this quality.
This is not simply a branded tower in a strong market. It is a one-time convergence of a first-entry brand, a first-time design collaboration, and a downtown that has finished being undervalued.
The investment case rests on structural positioning rather than projected return. West Palm Beach's downtown core is physically small and tightly zoned, and the migration of financial firms and family offices into the market over the past decade has raised the floor on prime residential demand rather than creating a single cycle spike. Florida's absence of state income tax and state estate tax remains a structural driver of domicile relocation, not a seasonal one.
Supply at this level is thin. The number of branded residential projects in downtown West Palm Beach remains in the single digits, and the constraint on adding more is land: the walkable core between Flagler Drive and the rail corridor is largely built or committed, and assembling a comparable site near CityPlace and the waterfront is increasingly impractical. At 88 residences, this project is also small enough that resale inventory should stay limited over time - the whole building is roughly the size of a single floor plate in some competing markets.
Branded residences have historically transacted at a premium to non-branded stock in comparable Florida markets, and the combination here of an operator brand, a scarce design lineage and a constrained downtown supports the durability of that positioning. No specific return projections are implied.
Banyan Group is a Singapore-listed hospitality company operating more than 100 hotels and resorts, over 140 spas and galleries and more than 20 branded residential projects across more than 20 countries. Its flagship Banyan Tree brand has spent more than three decades building a specific reputation - naturally luxurious, ecologically considered, and organised around wellbeing rather than display. This project is that brand's first residential entry into the United States.
The design team carries independent weight. OMA, founded by Rem Koolhaas, is among the most consequential architecture practices of the past forty years. Yabu Pushelberg, the Toronto studio of George Yabu and Glenn Pushelberg, is one of the most sought-after interiors practices in hospitality and residential work worldwide. Enzo Enea is a Swiss landscape architect known for treating planting as architecture rather than decoration.
Banyan Tree's involvement is operational rather than nominal: the wellness floor, the Sanctuary Club access, the 24-hour host and the service standards are brand-run, which makes this an integrated partnership from design through daily operations rather than a licensing arrangement.
Access to full documentation is arranged privately on request. Detailed floor plans, pricing schedules, finish specifications, service documentation and current availability are available upon request.
Downtown West Palm Beach has changed character in under a decade. What was a seasonal adjunct to Palm Beach island is now a working city centre with a resident financial sector, a Brightline station connecting it to Miami and Orlando, and a cultural spine anchored by the Norton Museum of Art and the Kravis Center. The draw is a specific balance: island proximity and waterfront without island isolation, in a walkable grid where dining, shopping, culture and the Intracoastal are all reachable on foot. The long-term factor is scarcity - the core is small, tightly zoned, and close to fully built.
What distinguishes the area beyond the landmark list is that it lives year-round. The restaurants stay open past the season, the offices are occupied in August, and the waterfront along Flagler Drive functions as a daily public space rather than a view. It is a downtown that has become a place to live in rather than pass through - which is the harder thing for a city to acquire, and the harder thing to lose.
It is Banyan Group's first residential project in the United States. Banyan Tree has operated wellness-led resorts for more than three decades across over 20 countries, and this is the first time the brand has been brought to an American residential address. It is also the first project anywhere to bring together architecture by OMA, interiors by Yabu Pushelberg and landscape design by Enzo Enea under the Banyan Tree name - a combination that cannot be reassembled as a debut elsewhere.
All 88 residences are corner homes. The tower is drawn as two sculpted volumes rather than a single slab specifically so that no residence faces inward, which means every home has multi-directional exposure and a wraparound terrace with dual aspects. Ceilings are 10 feet clear behind floor-to-ceiling impact glass, and most residences have direct private elevator entry. At this height and unit count, a fully corner-plan building is uncommon.
It stands at 400 Hibiscus Street in downtown West Palm Beach, one block from CityPlace and two blocks from the Intracoastal Waterway. The Kravis Center and the Brightline station are within walking distance, the Norton Museum of Art is roughly five minutes away, and Palm Beach island, Worth Avenue and Palm Beach International Airport are each about ten minutes. The downtown core is small and tightly zoned, so comparable sites in this radius are effectively finished.
A full floor is dedicated to wellness and spa. It includes deluxe treatment rooms, rainforest showers, a hammam, steam room and sauna, cold plunge, cryotherapy, a red laser therapy room, an ice fountain and a meditation dome, extended outdoors by a meditation garden and yoga terrace. An indoor and outdoor fitness pavilion, a juice bar and a reflection lounge complete the programme. This is operated to Banyan Tree's hospitality standards rather than assembled as a developer amenity package.
Owners receive access to The Sanctuary Club, Banyan Group's global ownership programme. It provides preferred access and rates across more than 100 Banyan Group hotels and resorts and over 140 spas and galleries in more than 20 countries, alongside priority reservations, early check-in and late check-out, potential room upgrades at participating resorts, and dedicated global owner services. Certain privileges are subject to availability.
Residences range from one to four bedrooms, with a limited penthouse collection, and span approximately 1,000 to 4,500 square feet. Pricing starts at 1.9 million US dollars and rises with floor level, exposure and configuration. Kitchens are by Yabu Pushelberg with Sub-Zero and Wolf appliance suites, and primary bathrooms carry Banyan Tree's signature rain shower and five-fixture layouts. A current price and availability schedule is provided on request.
It suits buyers who want a primary or seasonal residence with hotel-grade service and a serious wellness programme, particularly those relocating to Florida for its absence of state income tax and state estate tax, and international owners who value the Banyan Tree brand and Sanctuary Club access. The project is off-plan, with anticipated completion in 2029. Residences are sold as freehold condominiums.
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