The Canyon-Johnson Urban Fund, a joint venture between Canyon Capital Realty Advisors and basketball legend Earvin “Magic” Johnson, announced plans to build a mixed-use development that will bring moderately priced middle-market housing and community-serving retail stores to Little Havana. Morrison, the largest mixed-use development in the neighborhood’s history, will provide middle-income individuals and families with the opportunity to affordably purchase a downtown residence.
Pre-construction prices at the Morrison, located at Southwest Flagler Street between Southwest 7th and 8th avenues in Little Havana, range from $240,000 to $380,000 for one- and two-bedroom residences. The developers are working with both Miami-Dade County and the City of Miami in providing down payment assistance and fixed interest rate mortgage programs for qualified buyers, including county and city employees such as firefighters, police officers, nurses and teachers.
When complete in spring 2009, Morrison will include two 19-story residential towers that will contain 395 condominiums, a seven-story parking garage and 24-hour concierge services. It will include more than 30,000 square feet of retail space, 34,000 square feet of professional office space and 667 parking spaces. The fully finished Morrison residences will come equipped with modern European-styled kitchen cabinetry; high-end stainless steel appliances; granite in kitchens and baths; tinted, energy-efficient, impact-resistant windows and sliding doors; and balconies with views of the bay, river and Downtown skyline. The property will also offer residents a fitness center, two swimming pools and a business/conference center. Groundbreaking is slated for early-2007.
The Morrison sales center is located at
1795 S.W. 3rd Ave. For more information,
call 305.860.8801, or visit
Location Little Havana
Housing Type Condominiums
Number of Units 395
Number Sold Nearly 200 in Tower One
Delivery Date 2009
Price Range $240,000 – $380,000
Co-broke commission 4%
Developer Canyon-Johnson Urban
Fund and mFm Construction