Rick Ross Condo Project Plans 100 More Homes

Rick Ross has a bigger plan for the city that raised him, with 100 more homes now part of the condo project he joined this summer.

EnSima Holdings, the real estate company behind the project, said that it now plans 770 homes across 10 floors. The firm aims to finish the work in 2030.

“I partnered with EnSima because I believe in the vision this team is executing right here in my backyard and hometown of Miami Gardens,” said Rick Ross. “Expanding my equity in the group is about the empire we’re continually expanding.”

The firm valued the business at $258 million in its deal with Ross. It also outlined a nonbinding plan for an all-stock sale to an unnamed Nasdaq-listed firm. That sale still needs a final deal and approvals.

Ross first joined the team in July, when AllHipHop covered plans for an eight-story tower near Hard Rock Stadium. The plan included homes and shops. It gave him a role in a new build in his hometown, after years of deals in food, drinks and music.

The first plans for the site were made public in March. By the time Ross signed on, TerraForm Development had been tapped to build it. The team also aimed to open a sales gallery in September to show buyers the range of planned homes.

The sales site still shows the old home count and nine floors. Those figures have yet to catch up with the new plan set out in the release.

The site lists one- and two-bedroom homes at $650 per square foot. Three- and four-bedroom homes are due to come later, with no prices shown. Buyers can choose a building, floor and floor plan on the site to join a waiting list.

The one-bedroom floor plan has 662 square feet. The two-bedroom size is just over a thousand square feet, while the largest planned homes have four bedrooms.

The design puts a pool deck in view of the stadium and pairs homes with shops and green space. Plans call for a roof garden, walking paths and sports courts, plus room for yoga and other classes.