Rick Ross Partners On 670-Unit Development In Miami Gardens

Rick Ross has joined the development team behind EnSima Miami I, a planned mixed-use project in his hometown of Miami Gardens. The eight-story development will feature 670 residential units and approximately 165,000 square feet of retail space near Hard Rock Stadium and the Miami International Autodrome. Ross is partnering with EnSima Miami I founders Shalom Arik Maimon, Ali Yesil, David Shapiro and entrepreneur Lior Suchard, while Italian design house Pininfarina, best known for its decades-long relationship with Ferrari, will oversee the project's design. TerraForm Development is expected to lead construction, and financial details surrounding Ross' stake in the project have not been disclosed the venture represents more than another business investment. Raised in the Carol City neighborhood of Miami Gardens Residential units at EnSima Miami I are expected to start at roughly $593 per square foot, according to the project's website. One-bedroom residences of approximately 650 square feet are priced from around $450,000, while two-bedroom units measuring roughly 900 square feet begin at approximately $580,000. Developers have not announced when construction will begin, though a sales center is expected to open in September.

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