Morrison Condominiums
Client
Canyon Capital Realty Advisors LLC
Location
Miami, Florida
Services
Market Analysis
Financial Analysis
Schedule & Budget Analysis
Design Document Peer Review
Development Capacities & Constraints
Permits & Approvals Review
Plans & Specification Peer Review
Contractual Documentation Review
Project Schedule & Budget Analysis
Assignment
Investor Representation
Due Diligence
Project Facts
Two 18 Story Condominium Towers
530,000 Total SF/ 395 Units
29,754 SF of Retail Space
30,730 SF of Office Space
667 Stall Parking Structure
Common Amenities:
Business Center
Fitness Center
Meditation Garden
Spa and Sauna
Two Pools
Yoga Pavilion
Architect: Behar Font & Associates
General Contractor: AVI Contractors, Inc.
Canyon Capital Realty Advisors LLC/Canyon Johnson Urban Fund (Canyon) retained Project Management Advisors, Inc. (PMA) to perform due diligence review services of a new mixed-use development located in the Little Havana area of Miami, Florida. The purpose was to identify and report the potential risks of the project based on a review of its characteristics and to provide recommendations to address and mitigate those risks. PMA’s scope of services included site capacities and constraints, permits and approvals, plans and specifications peer review, contractual documentation review and project schedule and budget review. The recommendations established were a direct result of the evaluation of documents and the direct communication with the developer, design and consultant team and the contractor.
Morrison Condominiums was planned as a mixed-use development. Consisting of approximately 530,000 square feet, including 395 units in two 18-story towers above a five story podium, garage, 29,754 square feet of independent retail and 30,730 square feet of leasable office condominiums.
* image copyright Behar Font & Assoc.