Johnson is managing director of Beverly Hills, CA-basedCanyon-Johnson Urban Fund, a special purpose, closed-end realestate fund that has partnered on other urban infill neighborhooddevelopment projects with prominent national players such as LoewsCineplex Entertainment, Starbucks Coffee Co., TGI Friday'sRestaurants and Washington Mutual.

Locally, Canyon-Johnson Urban Fund and Corus Bankshares Inc. ofChicago are financing the construction of the $103-million PlazaMidtown which has just broken ground on a premium 3.3-acre, fullcity-block site that runs from Eighth Street to Peachtree Place,between Springs and West Peachtree streets in Midtown.

Daniel Corp. of Birmingham, AL and locally based SeligEnterprises Inc. are the developers. GlobeSt.com first reportedtheir plans on Sept. 8. Plaza Midtown will comprise two 20-storytowers housing 452 condominium residences, 70,000-sf ofground-floor retail and six levels of parking for 600 vehicles.