Banyan Tree Residences West Palm Beach Targets a 2027 Construction Start
Banyan Tree Residences West Palm Beach, Mast Capital’s 88-residence tower at 400 Hibiscus St., is expected to begin construction in 2027, Commercial Observer reported Oct. 22, 2026. Our new-developments card lists pricing from $1.8M (subject to change) and 2029 delivery, as of Oct. 23, 2026.
Mast Capital’s first West Palm Beach condominium has a construction timeline. Here is what the developer, the official project site and our own card publish about Banyan Tree Residences West Palm Beach, and what a 2027 start means for a buyer. For the full project profile, see our Banyan Tree Residences West Palm Beach building page.
The news
Construction is expected to begin in 2027, Mast Capital’s chief investment officer, Jordan Kornberg, told Commercial Observer in a Q&A published Oct. 22, 2026. That is the only outlet-reported fact on this page. Mast Capital’s own portfolio page says the firm closed on the land in Q2 2025 and launched sales in Q1 2026 (accessed Oct. 23, 2026). The official project site says the sales gallery is open by appointment (accessed Oct. 23, 2026).
A construction start is not a delivery date. Our card lists delivery in 2029 as of Oct. 23, 2026; ask for the completion date and extension terms in the purchase contract.
The project, per official sources and our card
| Banyan Tree WPB at a glance | Detail | Source (as of) |
|---|---|---|
| Address | 400 Hibiscus St., West Palm Beach, FL 33401 | Official site (Oct. 23, 2026) |
| Residences | 88 corner residences, one to four bedrooms, including a Penthouse Collection | Official site; Mast Capital portfolio page (Oct. 23, 2026) |
| Height | 26 stories (“Twenty-six-story”); a March 12, 2026 city Plans & Plats Review Committee agenda described a 25-story, 86-unit request | Official fact sheet (June 2026, accessed Oct. 23, 2026); City of West Palm Beach PPRC agenda |
| Site | 0.86 acres; redevelopment of an office building | Mast Capital portfolio page (Oct. 23, 2026) |
| Price | From $1.8M per our new-developments card (subject to change) | HR /new-developments/ card (Oct. 23, 2026); building page notes pricing last updated 2026-08 |
| Delivery | 2029 | HR /new-developments/ card (Oct. 23, 2026) |
| Construction start | Expected 2027 | Commercial Observer, Oct. 22, 2026 (single outlet fact) |
| Land / sales | Land closed Q2 2025; sales launched Q1 2026 | Mast Capital portfolio page (Oct. 23, 2026) |
| Team | Mast Capital and Curated JCZM Development (developers), Banyan Tree (hospitality); OMA (architecture), Yabu Pushelberg (interiors), Enea Landscape Architecture (landscape) | Official site and fact sheet; Mast Capital (Oct. 23, 2026) |
| Developer entity | 400 Hibiscus Acquisitions, LLC; the fact sheet says Mast Capital licenses its name and is not the legal developer | Official fact sheet disclaimer (accessed Oct. 23, 2026) |
Price. From $1.8M per our new-developments card (subject to change), as of Oct. 23, 2026. Ask for a dated price sheet.
Design and residences
The official site calls the project “a first of its kind in the United States” and describes 88 corner residences and amenities across several levels; its fact sheet lists an entire floor devoted to wellbeing, anchored by a full-service spa, and a rooftop amenity deck (accessed Oct. 23, 2026). Our earlier feature, Inside Banyan Tree Residences West Palm Beach, covers the OMA and Yabu Pushelberg design, and our Mast Capital developer profile covers the firm.
Where it fits in West Palm Beach
The official site places 400 Hibiscus St. near CityPlace, Royal Poinciana Plaza, Worth Avenue and the Intracoastal (accessed Oct. 23, 2026). For other downtown and North Flagler projects, see our West Palm Beach new developments hub, Olara and our Olara buyer’s guide, Shorecrest on North Flagler Drive, the October 2026 WPB condo trackerand our West Palm Beach neighborhood page.
What a 2027 start means for a buyer
- Timeline. A start in 2027 and delivery listed for 2029 leave a long build. Ask for the completion date and extension language in the contract.
- Deposits. Get the deposit schedule and escrow terms in writing; see our guide to Florida pre-construction deposits.
- Price. Prices are subject to change. Ask for a dated price sheet for the line you want.
- Documents. Ask for the condominium documents and rental rules before signing.
For the rest of the pipeline, browse our new-developments board.
Sources: Haute Residence /new-developments/ card and Banyan Tree Residences West Palm Beach building page (accessed Oct. 23, 2026); Banyan Tree Residences West Palm Beach official site and fact sheet (banyantreeresidenceswpb.com, accessed Oct. 23, 2026); City of West Palm Beach PPRC agenda, March 12, 2026 (wpb.org); Mast Capital portfolio page (mastcapital.com, accessed Oct. 23, 2026); Commercial Observer, “Jordan Kornberg of Mast Capital: 5 Questions” (Oct. 22, 2026), the page’s single outlet source, for the 2027 construction start. Prices, availability and delivery dates are subject to change.
FAQ: Banyan Tree Residences West Palm Beach construction
When does construction start at Banyan Tree Residences West Palm Beach?
Construction is expected to begin in 2027, Mast Capital’s Jordan Kornberg told Commercial Observer on Oct. 22, 2026.
When is Banyan Tree Residences West Palm Beach expected to be delivered?
Our new-developments card lists delivery in 2029 as of Oct. 23, 2026. Ask for the completion date stated in the purchase contract.
How much does Banyan Tree Residences West Palm Beach cost?
From $1.8M per our new-developments card (subject to change), as of Oct. 23, 2026. Ask for a dated price sheet.
Where is Banyan Tree Residences West Palm Beach?
At 400 Hibiscus St., West Palm Beach, FL 33401, per the official site as of Oct. 23, 2026.
How many residences are planned?
Eighty-eight corner residences, from one to four bedrooms, per the official site and Mast Capital as of Oct. 23, 2026.
Who is developing Banyan Tree Residences West Palm Beach?
Mast Capital and Curated JCZM Development, with Banyan Tree for hospitality, per the official fact sheet as of Oct. 23, 2026. The fact sheet names 400 Hibiscus Acquisitions, LLC as the legal developer.
Who designed the building?
OMA (architecture), Yabu Pushelberg (interiors) and Enea Landscape Architecture (landscape), per the official site as of Oct. 23, 2026.
Are sales open?
Mast Capital says sales launched in Q1 2026, and the official site says the sales gallery is open by appointment, as of Oct. 23, 2026.