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 project under construction nearby.
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