What changed
On August 12, 2026, the West Palm Beach Downtown Action Committee unanimously approved the project’s use of Transfer of Development Rights. The decision allows the proposal at 400 Hibiscus Street to advance with its proposed 5.5 floor-area ratio and current scale and massing.
- 88 corner residences
- One- to four-bedroom layouts plus penthouses
- Sales gallery open by appointment
- Previously announced pricing from approximately $1.9 million
What the approval does—and does not—mean
This is a meaningful entitlement milestone that reduces one early-stage planning question. It is not confirmation that every building permit has been issued, and no new inventory release, incentive or live price sheet accompanied the approval.
- First U.S. residential development under Banyan Tree’s flagship brand
- Developed by Mast Capital and Curated JCZM Development
- Rental rules were not publicly verified in the announcement
Todd’s buyer perspective
Early-stage buyers should obtain the current inventory, deposit schedule, condominium documents, updated pricing and construction milestones. The brand and limited inventory are meaningful, but the contract and delivery framework remain central to the decision.
Questions Clients Ask
Frequently asked questions
Does this mean Banyan Tree Residences has every required permit?
No. The committee decision is an important entitlement milestone, but it does not by itself confirm that every building permit has been issued.
Was a buyer incentive announced with the approval?
No new publicly verified incentive or inventory release accompanied the approval.