On Tuesday, Shaquille O'Neal announced the formation of The O'Neal Group, a real estate company that plans to develop properties throughout the United States.

The initial project is a partnership with MDM Development, the developer of the $1 billion Metropolitan Miami, a three-tower complex with 1,100 condominiums, a hotel, and office and entertainment space in downtown Miami.

"Downtown is already gorgeous, we want to make it elaborate," O'Neal said during a press conference announcing the deal from inside the sales center of The Met project. "So we're going to have a Whole Foods inside, a 24-Hour Fitness inside ... This is not only a real estate deal, we want people to live how they want to live."