Fausto Commercial transacts $21m Assemblage Deal with Innovative Market-rate Developer in the Heart of Little Havana

A market-rate multifamily developer paid $15 million for land in Miami’s Little Havana neighborhood. Premium Development bought the 2.3-acre property at 700 West Flagler Street from Presidente Supermarkets, according to a broker involved in the deal, Carlos Fausto Miranda of Fausto Commercial. Premium Development, an Austrian company that has an office in Brickell, has a…