Jaime Cristancho Realtor at PMG Residential Pre- Construction Executive

Jaime Cristancho Realtor at PMG Residential Pre- Construction Executive Jaime is a dedicated, knowledgeable, & compassionate Realtor®. A local in Fort Lauderdale over 19yrs.

06/18/2026

Comment "GUIDE" if you are considering a move to Miami & I will send you over a free resource that breaks down top neighborhoods, which area is suits what type of person, current market data & so much more!

Pre-construction in Miami isn't risky or safe — it's a framework, and Palm Tree Residences is the real-world case study breaking it down.

Is buying pre-construction in Miami risky in 2026? The honest answer: it depends on the developer, the deposit structure, and the submarket you're buying into.

Construction risk: Will the building actually get built? PMG's track record includes the Waldorf Astoria supertall (past the 60th floor) and the fully sold E11even Club Hotel and Residences, backed by a $668M construction loan and capital partners including Sterling Capital, Eden Residential, and Lion Development Group.

Deposit risk: Under Florida Statute 718.202, pre-construction deposits are held in third-party escrow, with strong legal protections if a developer violates those rules or misses the outside date.

Market risk: Locking in 2026 pricing for a 2029 closing means market exposure — the 2008 cycle is the cautionary tale, though today's demand drivers differ structurally.

Brand risk: Branded residences carry brand-specific risk. Some Miami branded projects have resold below initial price when brand ex*****on faltered — this video looks honestly at where Palm Tree Crew fits on that spectrum.

06/14/2026

If you'd like a personal presentation of Palm Tree Club, comment "PALM TREE" and I'll set that up for you.

Steps 1–2: Sales Gallery & Unit Selection

The process begins with a full project presentation covering the location, amenities, floor plans, views, parking, HOA fees, and pricing. At Palm Tree Residences, fully furnished residences range from junior suites starting at $565,000 to penthouses reaching $3.4 million. The right unit depends largely on your goals—whether it's a primary residence, seasonal home, or short-term rental investment.

Step 3: Contract, Rescission Period & First Deposit

Florida buyers receive a 15-day rescission period after receiving the contract. This is your opportunity to review all documents with a real estate attorney. If you proceed after that period, your first deposit becomes non-refundable and you're committed to the purchase.

Step 4: Deposit Schedule

Palm Tree Residences uses a four-stage deposit structure:

• 10% at contract signing
• 10% at six months
• 10% at groundbreaking (targeted Q2 2027)
• 10% one year after groundbreaking

That's 40% deposited before delivery, with the remaining 60% due at closing in late 2029. On a $1 million residence, that equates to four $100,000 deposits followed by $600,000 at closing.

Step 5: Financing Strategy

Pre-construction contracts are effectively cash contracts during the deposit phase. Deposits must come from liquid funds and cannot be financed. Mortgage financing typically occurs at closing when title transfers. International buyers can access foreign national loan programs, though these often require larger down payments and additional planning.

Step 6: Construction Through Closing

As construction progresses, the developer provides milestone updates. Prior to closing, you'll complete a final walkthrough to verify the residence matches contract specifications. Buyers should also budget approximately 1.7–2% of purchase price for developer closing costs, plus initial HOA and reserve fund contributions.

06/11/2026

If you'd like a personal presentation of Palm Tree Club, comment "PALM TREE" and I'll set that up for you.

Steps 1–2: Sales Gallery & Unit Selection

The process begins with a project presentation covering location, amenities, floor plans, views, parking, HOA fees, and pricing. Residences range from junior suites starting at $565,000 to penthouses reaching $3.4 million. The right unit depends on whether you're buying for personal use, a second home, or an investment.

Step 3: Contract & First Deposit

Florida buyers receive a 15-day rescission period after receiving the contract. This allows time to review documents with a real estate attorney. After that period, your initial deposit becomes non-refundable and you're committed to the purchase.

Step 4: Deposit Schedule

Palm Tree Residences follows a four-stage structure:

• 10% at contract signing
• 10% at six months
• 10% at groundbreaking (targeted Q2 2027)
• 10% one year after groundbreaking

That's 40% deposited before delivery, with the remaining 60% due at closing. On a $1 million residence, that's four $100,000 deposits followed by $600,000 at closing.

Step 5: Financing

Pre-construction deposits must come from liquid funds and cannot be financed. Mortgage financing generally occurs at closing when title transfers. International buyers can access foreign national loan programs, though requirements are often stricter.

Step 6: Construction Through Closing

The developer provides construction updates throughout the build. Before closing, buyers complete a final walkthrough to verify the residence matches contract specifications. Closing costs are typically 1.7–2% of the purchase price, plus initial HOA and reserve fund contributions.

Why Buyers Consider Pre-Construction

Pre-construction allows buyers to lock in today's pricing and secure preferred inventory while spreading deposits over time. Early buyers typically have the most unit selection and flexibility.

06/07/2026

If you would like a personal presentation of Palm Tree Club, comment "PALM TREE" & I will set that up for you!

06/04/2026

What Is Palm Tree Residences Miami?
A 37-story pre-construction tower in Downtown Miami's entertainment district — steps from Miami Worldcenter, Brightline, Kaseya Center, and Bayfront Park. The building delivers 483 fully furnished residences from junior suites to three-bedrooms, plus five penthouses. Prices start in the $500,000s, reaching approximately $3.5M. Sales launched May 2026. Estimated delivery Q3 2029.

Who Is Palm Tree Crew?
Palm Tree Crew is a global music, travel, and culture brand co-founded by DJ/producer Kygo and entrepreneur Myles Shear. The brand runs festivals across Aspen, the Hamptons, St. Tropez, Singapore, Australia, and beyond — plus a Las Vegas day club and the Palm Tree Club waterfront venue in Miami. Lineups have included The Chainsmokers, John Summit, Sofi Tukker, and Gryffin. This tower is Palm Tree Crew's first-ever residential project.

Amenities & Lifestyle Program
57,000+ sq ft of amenities across three levels. Ground floor: signature Palm Tree Club dining and nightlife with live music programming. Rooftop: infinity-edge pool, hot tub, lounges, and a members-only bar. Wellness: Technogym fitness center with climbing wall, yoga and Pilates studio, full spa, padel courts, golf simulator, and juice bar. Architecture and interiors by Kobi Karp. Developed by PMG, Lion Development Group, Eden Residential, and Sterling Equities.
Residents receive exclusive access to the Palm Tree Crew global lifestyle program — VIP festival ticketing worldwide, members-only hospitality venues, and curated resident experiences year-round. No other tower in Downtown Miami offers this.

Short-Term Rentals & Investment
STRs are permitted — a key factor for investors. In a 24-hour entertainment district adjacent to Miami Worldcenter and Brightline, short-term demand is structural. Both E11even towers pre-sold faster than nearly any comparable Downtown project. This one is positioned similarly.

Have more questions? Drop them below.

Want a personal presentation of this project? Comment "PALM TREE" & I will reach out.

05/24/2026

Downtown Miami & Miami Worldcenter: The Projects Reshaping the Neighborhood

Miami Worldcenter is a 27-acre, $6 billion mixed-use development spanning 10 full city blocks in the heart of Downtown Miami.

Transit Access That Changes the Equation

Miami Worldcenter connects directly to Brightline's MiamiCentral Station, Metrorail, and Metromover — meaning residents can commute to Fort Lauderdale or Palm Beach without a car.

The Towers Already Delivered or Under Construction

Inside the Worldcenter footprint, several towers are already complete or finishing construction. Paramount Miami Worldcenter is an established 60-story landmark in the area. The Crosby is a 450-unit sold-out condo with no rental restrictions. And 600 Miami Worldcenter, sold out before construction started and is tracking for completion in 2026.

The Waldorf Astoria Hotel and Residences Miami

The first supertall tower south of New York City, the Waldorf Astoria Miami rises 100 stories and 1,049 feet at 300 Biscayne Boulevard. Designed by Sieger Suarez Architects with Carlos Ott, the tower's nine offset, stacked glass cubes create one of the most recognizable skyline profiles in the country. The building contains 387 private residences on floors 40 through 100 and 205 hotel rooms.

The Delano Residences — A New Supertall Just Launched

PMG's second supertall is planned for 400 Biscayne Boulevard — one block north of the Waldorf Astoria — rising 90 stories and 985 feet. The Delano brand, originally iconic for its 1990s Art Deco hotel on Miami Beach, is making its first-ever residential debut here in partnership with Ennismore. The tower will include Miami's first public observation deck at approximately 850 feet, a cantilevered glass floor, a sky pool at 800 feet, Rose Bar, Cafe Delano, and a full wellness program. The 421 residences are split between the Delano Collection on floors 20–47 — designed for short-term rental flexibility — and longer-term Delano Residences on floors 49–75.

05/21/2026

Why Downtown Miami is becoming one of the hottest markets in the country

Just Launched Palm Tree Residences Miami by PMG 🌴✨A brand-new luxury residential concept is coming to the Downtown Enter...
05/19/2026

Just Launched Palm Tree Residences Miami by PMG 🌴✨

A brand-new luxury residential concept is coming to the Downtown Entertainment District, blending elevated living with music, entertainment, travel, and exclusive lifestyle experiences around the world.

Palm Tree Residences is designed to offer more than just a home. Residents will enjoy curated perks, special access to Palm Tree events and clubs, and a globally connected lifestyle experience unlike anything else currently on the market.

Studio residences starting from the $550s, with spacious three-bedroom homes from $1.25M ✨

Over 57,000 SqFt of amenities & exclusive lifestyle experiences ✨

Home to the first indoor Palm Tree Club venue in Miami ✨

This is officially Day 1 of the launch, making it the perfect opportunity to explore early pricing, availability, and inventory before wider public release.

Contact me directly to set up your private presentation on this new project!

In-house Sales Executive Jaime Cristancho
(954) 655-4322

05/17/2026

E11even Club Hotel and Residences — Tower One

The first tower has topped off at 65 stories and 700 feet. Tower One delivers 456 fully finished and furnished units — studios through two-bedrooms — with Italkraft Italian cabinetry, SubZero and Wolf appliances, and floor-to-ceiling impact glass. The amenity stack is unlike anything else in this market: a Chopra Wellness Spa, five-star dining by Riviera Dining Group, an 8,000-square-foot casino-style sports lounge, rooftop pool and bar, med spa, and the E11even Day Club — a 20,000-square-foot pool deck on the 11th floor with full club programming. Tower One sold out 100% before completion, with closings now underway.

E11even Club Residences Beyond — Tower Two

Beyond is nearing its own topping out at 65 stories on the east end of the same block. With 550 units, Beyond adds its own exclusive amenity layer — a private resort-style pool deck, executive office suites, rooftop helipad, and a sky bridge connecting directly to Tower One's full amenity offering. Beyond was 80% pre-sold before it hit the broader market. Completion is tracking for 2027.

38 West Eleventh Residences — Tower Three

The third project in District 11 takes a different angle. This 44-story, 659-unit condo at 18 NW 11th Street — developed by PMG alongside Marc Roberts Companies and Lion Development Group — is built around short-term rental flexibility from day one, with centralized management built into operations. A 30,000-square-foot entertainment facility and food hall anchors the ground floor. For buyers who want the District 11 experience with income offset potential, this is the entry point.

What's Coming Next

Developers have listed a 6.6-acre site in the area for $500 million — a signal about where they believe the neighborhood is headed long-term. Marc Roberts has publicly stated the groundwork has been laid for what could be 10 million square feet of new development across multiple towers. PMG also has one remaining lot in the district with a new launch expected soon. District 11 is still in its early chapters.

05/14/2026

Is mixing nightlife directly with residential living a good idea?

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Fort Lauderdale, FL
33301

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