Presidente Supermarkets
Sells Little Havana Site 
to PREMIUM Development

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. 

PREMIUM plans to build a 400-unit residential building with ground-floor retail. Construction is expected to begin in the summer of 2023 and be completed in 2026.

THE REAL DEAL South Florida Real Estate News: 
May 12, 2021 Multifamily developer buys piece of Little Havana assemblage