Rick Ross Expands His Stake as Miami Gardens Project Grows to 770 Homes
Rick Ross keeps buying into his own backyard. The Miami Gardens development he’s a partner in — EnSima Miami I, less than a mile from Hard Rock Stadium — just got bigger: the plan now calls for 770 residences across 10 stories, up from the 670 homes and 8 stories announced when Ross joined the project in July.
THE EXPANSION
According to EnSima Holdings’ November 4 announcement, the project sits on roughly 10.3 acres across four parcels on NW 27th Avenue in Miami Gardens — the city whose Carol City neighborhood raised Ross — and is being designed as a “city within a city”: homes alongside about 166,000 square feet of retail, dining, civic space and gardens, with 1,750 parking stalls. The amenity list runs long: three pools, a cold plunge, three jacuzzis, a walking and jogging loop, dog parks, pickleball and basketball courts, and more than 15,000 square feet of wellness facilities. Design is by Pininfarina with interiors by Domus, and delivery is targeted for 2030.
One- and two-bedroom homes are listed at $650 per square foot on the project’s sales site, per AllHipHop — up from the roughly $593 per square foot in the July launch materials. A one-bedroom floor plan runs 662 square feet; two-bedrooms just over 1,000. Three- and four-bedroom homes come later, with no prices shown yet, and buyers join a waiting list.
THE $258 MILLION FIGURE — WHAT IT ACTUALLY IS
Ross has also expanded his equity in EnSima. Per the company’s own release: “Rick Ross, who joined EnSima as a partner in July 2026, has signed a deal with EnSima Holdings LLC based on a US$258 million valuation.” Read that carefully — the $258 million is a valuation of EnSima Holdings, the company, used as the basis for Ross’s equity deal. It is not the project’s price tag, and it is not an amount Ross paid. How much he actually invested, and what percentage he owns, has not been disclosed anywhere.
Ross said it himself in the announcement: “I partnered with EnSima because I believe in the vision this team is executing right here in my backyard and hometown of Miami Gardens. Expanding my equity in the group is about the empire we’re continually expanding.”
Separately — and don’t mix the two numbers — EnSima has signed a non-binding letter of intent for an unnamed Nasdaq-listed company to acquire the whole company at a $260 million pre-money enterprise value, paid entirely in stock, with up to $75 million more tied to milestones. That deal is not closed: it still needs a definitive agreement, due diligence, audited financials, and shareholder and regulatory approvals.
WHAT’S STILL UNRESOLVED
The Miami Gardens City Council voted unanimously on October 28 to support establishing an EnSima Community Development District — but under the release’s own fine print, actually establishing the district is a Miami-Dade County action, so that step is still pending. The Real Deal reported on November 5 that no construction start date has been announced, and the size and structure of any affordable-housing component remain unresolved — the project’s “attainable urban living” language is marketing, not a committed affordability program. AllHipHop also noted the sales site still shows the old home count, so the public materials haven’t fully caught up with the new plan.
EnSima was co-founded by Shalom Arik Maimon, Lior Suchard, David Shapiro and Ali Yesil. Its release also points to Ross’s wider portfolio — a $35 million Star Island home and his 322-acre Georgia estate, “The Promise Land” — as part of the mogul résumé he’s now extending into development in the city that raised him.
Empire move or early-stage hype? The valuation is the company’s own number and the shovels aren’t in the ground yet — but a hometown project growing by 100 homes before it even breaks ground says Ross is betting bigger, not smaller.
Sources: EnSima Holdings announcement via GlobeNewswire (November 4, 2026) · AllHipHop (November 10, 2026) · The Real Deal (November 5, 2026) · Black Enterprise (July partnership report, August 14, 2026)
