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Palm Tree Plaza and Residences: A Luxurious LIVE, WORK, AND PLAY Experience Unveiled on Providenciales

Providenciales, Turks and Caicos Islands, November 1st, 2023 – Grace Bay Realty Homes in Paradise, the exclusive affiliate of Forbes Global Properties, is proud to announce the launch of Palm Tree Plaza and Residences, a remarkable residential-commercial condo development near Grace Bay. Developed by DMR Group, renowned as one of the island’s top builders, Palm Tree Plaza and Residences will offer an unparalleled live, work, and play lifestyle for discerning individuals seeking the ultimate in independence and convenience.
Palm Tree Plaza - Providenciales Development Turks and Caicos Real Estate
Located in a desirable area above and close to the island’s golf course, This development showcases a visionary concept that combines elegant residential living with exclusive commercial spaces. The commercial building boasts eight commercial condo units, providing a prime opportunity for entrepreneurs and business owners to establish their presence in a destination community.
The gated residential component features sixteen exquisite condos – of which eight are 2 bed, 2.5 bath and eight are 1 bed, 1 bath – which can easily be joined to be a 3 bed, 3.5 bath unit. All condos are thoughtfully designed to offer the utmost comfort, style, and privacy. In addition, there are three residential condo suites forming part of the common property of the development, available for rent at a nominal fee. This unique offering allows residents to accommodate extra family members, friends, or support staff effortlessly, ensuring a truly inclusive experience for all.
Palm Tree Plaza - Site Plan - Providenciales Development Turks and Caicos Real Estate
Palm Tree Plaza and Residences is a haven of luxury amenities designed to enhance the residents’ quality of life. The development features a pool for relaxation and recreation, an exclusive owners’ grill and bar area for entertaining guests, a dedicated owners’/kids’ lounge for leisure activities, a fitness gym to promote a healthy lifestyle, and a pickleball court for sports enthusiasts. Covered parking and storage facilities offer convenience and security, catering to the needs of modern living.
Lyle Schmidek, the broker/owner of Grace Bay Realty, expressed his excitement about the project, stating, “Palm Tree Plaza and Residences represents a new era in residential living for this day and age for owners who want to reclaim their sovereignty. With its exceptional amenities, prime location, and the backing of the esteemed developers, DMR Group, this development is set to redefine the standards of residential-commercial living in Turks and Caicos.”
One of the standout features of Palm Tree Plaza and Residences is the absence of rental or furnishing restrictions. The development is purposefully built for owners who value independence and the freedom to personalize their living spaces and development according to their preferences. This flexibility ensures that residents can truly make Palm Tree Plaza and Residences their own, creating a sense of ownership and pride in their investment.
Apartments for sale, Turks and Caicos Real Estate


Palm Tree Plaza - Parking

Parking & Tennis Courts


Parking Area

“We are thrilled to present Palm Tree Plaza and Residences to the public,” said Roel Dela Pena, Managing Partner of DMR Group. “This development encapsulates our vision of exceptional design, quality craftsmanship, and a commitment to creating a vibrant community that caters to the diverse needs of our residents. With our island partner, the long-established Grace Bay Realty, we look forward to showcasing the unique opportunities that Palm Tree Plaza and Residences provide.”

About DMR Group:

DMR Group is a leading builder known for its commitment to excellence and innovation in the construction industry. With a portfolio of successful projects, DMR Group has earned a reputation for delivering exceptional quality and craftsmanship.

About Grace Bay Realty Homes in Paradise:

<divstyle=”padding:25px;”>Grace Bay Realty is the affiliate of Forbes Global Properties, Luxury Portfolio International, Leading Real Estate Companies of the World, Luxury Homes and Luxury Realty and dedicated to providing exceptional real estate services throughout the Turks and Caicos Islands. With an unwavering commitment to client satisfaction and a deep understanding of the local market, Grace Bay Realty is the go-to resource for seamless real estate experiences.

Prospective buyers and investors are invited to explore the limitless possibilities offered by Palm Tree Plaza and Residences. For more information and to schedule a private tour, please visit New Developments at

Media Contact:
Havagayle Ellis and Gordon Williams
Listing Agents
Grace Bay Realty
649-332-7308 and 649-342-3149

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