The firm, which has historically focused its investments on the West Coast, has hired real estate veteran Marley Dominguez as director of acquisitions to run the Miami Beach office.
The site is located across the street from the planned Little River Brightline train station.
The project will include a 23-story residential tower with 402 multifamily units, a 1,250-space public parking garage and approximately 170,000 square feet of neighborhood-oriented retail anchored by Target.
The master plan includes up to 1,200 market-rate residential apartments, green space for residents, an office building, and a revamped shopping center with 300,000 square feet of lifestyle-oriented retail and restaurant space.
The developer had applied for rezoning of the 11.4 acre parcel.
The loan was secured as part of a multifamily property purchase by a joint venture between Angelo Gordon and Mast Capital.
The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys.
Calum Weaver, Robert Given, Zach Sackley, Troy Ballard and Garrett Pordes of Cushman & Wakefield will oversee marketing efforts.
The Miami office, focused on multifamily/mixed-use, multitenant retail, and single tenant net lease property sales, will be led by Managing Director, Kirk Felici, who has more than 20 years of commercial real estate experience.
Butters Construction & Development and Greystar will develop Miami Midway Park, a 45.1-acre site at NW 97th Avenue and NW 170th Street in Hialeah Gardens.