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Superstar DJ and record producer Kygo is the latest celebrity to lend his imprint\u00a0to luxury Miami real estate.<\/p>\n
\n Courtesy of Arx Creative<\/span>\n <\/p>\n \n The project is set to rise at 31 NW 10th St.<\/span>\n <\/p>\n Kygo and his manager, Myles Shear, the founders of Palm Tree Crew and creators of the Palm Tree Music Festival, are partnering with developers\u00a0Property Markets Group<\/a>, Lion Development, Eden Residential and Sterling Equities on Palm Tree Residences Miami, a 37-story condo tower in Downtown Miami<\/p>\n The project,\u00a0planned to have monthly electronic and house music events, is expected to open by 2031, according to a release.<\/p>\n Kygo is known for hits like It Ain\u2019t Me<\/em>\u00a0featuring Selena Gomez and Save My Love<\/em> featuring Khalid and Gryffin, and he was the\u00a0fastest artist<\/a>\u00a0to reach 1 billion streams on Spotify.\u00a0The Norwegian DJ and Shear launched the festival series in 2021, and it hosts festivals with artists all over the world.<\/p>\n The next event is next month in the Hamptons featuring Kygo, The Chainsmokers and Disco Lines. In October, there will be a Palm Tree Festival in Montecito, California, with The Chainsmokers, Zedd and T-Pain.<\/p>\n \u201cMiami was the only choice for our first residences,\u201d Shear, Palm Tree Crew’s CEO, said in a statement. \u201cIt is a city that embraces originality, celebrates life at every turn, and has always been home to concepts that push boundaries.\u201d<\/p>\n The Kobi Karp<\/a>-designed tower is set to rise at 31 NW 10th St., about a three-minute walk from Club Space and E11even<\/a> and three blocks west of Maurice A. Ferr\u00e9 Park on the water.<\/p>\n The 483 condos\u00a0would range between one-, two- and three-bedroom layouts, with PMG<\/a> Residential leading sales, which launch next month. Units, which\u00a0would be short-term-rental-friendly, will cost between $500K and $1.8M, The Wall Street Journal reported<\/a>.<\/p>\n Amenities include an infinity rooftop pool and hot tub, a padel court, a wellness center with treatment rooms and saunas, a yoga studio, a juice bar and a golf simulator. The project will also serve as a venue for Palm Tree Crew dining and nightlife on the ground floor.<\/p>\n Owners will also have priority access to Palm Tree Crew events and venues worldwide with preferred ticketing and table opportunities, weekday dining privileges at Palm Tree Club Miami and access to members-only tables and lounges.<\/p>\n \u201cPalm Tree Crew has established itself as one of the most compelling forces in global lifestyle and culture,\u201d PMG Managing Partner Ryan Shear said in a statement. \u201cTheir ability to cultivate community and deliver exceptional experiences translates seamlessly into the way we think about residential living in Miami.\u201d<\/p>\n Tying the brand to a condo project might have seemed bizarre a few years ago, but the festival is joining\u00a0an increasingly eclectic list of branded residences sprouting up in Miami, the second-largest market<\/a> globally for this type of project.<\/p>\n Famous\u00a0names in fashion, cars, food and art adorn recently built and upcoming projects,\u00a0such as\u00a0Armani, Fendi, Dolce & Gabbana, Bentley, Aston Martin,\u00a0Nobu<\/a> and even a Frida Kahlo-branded project<\/a>, also from PMG.<\/p>\n