Unwanted Growth

I stepped out onto my balcony to check out the evening scenery when I saw that the palm tree in front of my apartment has grown this peculiar... "mass." It must have sprouted over the course of the last week and I can't say I'm very pleased with it. It looks like palm pubs to me. Never seen it this close before, could be beautiful to some but I prefer my palms clean shaven for sure. What do you think?