Morrison, located at Southwest Flagler Street between Southwest 7th and 8th avenues, will be comprised of two 19-story residential towers atop a seven-story parking garage. The development will also include 30,000 sf of retail space, 34,000 sf of professional office space and 667 parking spaces. It is anticipated that retail uses will include a bank branch, coffee shops, drug store, beauty salon and other neighborhood businesses. The development is expected to open in spring 2009.

Canyon-Johnson Urban Fund managing partner Bobby Turner tells GlobeSt.com that 115 of the units have already been sold. Developers expect to break ground within 60 days on the project. "Our sales have been extremely strong because we've been able to differentiate the product. Seventy percent of our units are priced below $300,000," Turner says.

Pre-construction prices for the units will range from $240,000 to $380,000 for one- and two-bedroom units, according to Cervera Real Estate's Andres Asion, the project's exclusive broker in charges of sales. Developers are working with Miami-Dade County and the City of Miami in providing down payment assistance and fixed interest rate mortgage programs.

The fully furnished units will include stainless steel appliances, granite in kitchens and bathrooms and balconies. Complex amenities will include a fitness center, yoga pavilion and two swimming pools.

mFm Construction specializes in the development of work force housing with 10 condominium projects in Little Havana and several more planned for development throughout South Florida. The Canyon-Johnson Urban Fund is a joint venture between Canyon Capital Realty Advisors and basketball star Magic Johnson. "Along with Canyon-Johnson, we at mFm Construction believe that business leaders have a responsibility to help make our communities the best they can be," says mFm Construction CEO Jose Malabet.