MIAMI | Palm Tree Residences (1018 N Miami Avenue) | FT | 37 FLOORS
Revealed: 46-Story Residential Tower Proposed In Park West
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Plans have been filed with City of Miami planners for a 46-story residential tower in Park West.
The development is referred to as Project NMA by the Planning Department.
Project NMA is planned to include:
430 dwelling units
7,510 square feet of commercial use
455 parking spaces
The development will feature a robust landscaping plan incorporating native trees that are appropriate for the area and can provide shade to pedestrians, a letter from an attorney representing the developers said.
The property currently lacks any significant landscaping or tree canopy onsite and includes vacant land which discourages pedestrian interaction, the letter said.
There will also be artistic treatment along parking garage facades which not only accentuates the structure, but screens the garage, the letter said.
A 2-story building currently on the site will be demolished.
Groundbreaking is planned for 2024, according to multiple published reports.
Eden Multifamily and The Dermot Company are the developers.
Kobi Karp is the architect.
Miami’s Urban Development Review Board is scheduled to have a hearing on the proposal on April 19.
Palm Tree Residences Miami has been announced for Downtown Miami’s Park West district at 1018 North Miami Avenue as the first residential development branded by Palm Tree Crew. The 37-story tower is being developed by Property Markets Group, Lion Development Group, EDEN Residential, and Sterling Equities in partnership with Palm Tree Crew, with design by Kobi Karp Architecture & Interior Design. The short-term-rental-friendly development is planned to yield 483 fully furnished and finished residences ranging from junior suites to three-bedroom layouts, with completion anticipated in 2030.
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