Unfinished Doral site nets $22

Miami-based Lennar has purchased the Promenade Lakes at Doral, a 26-acre
development with more than 200 unfinished condos, for $22 million from
owner FVP Promenade. The project, which was to be built by Boca
Raton-based EB Developers, was part of a planned large-scale community
called Islands at Doral. The site, which is located at 11401 NW 89th
Street, has room for 300 more condos. The deal marks something of a
departure for Lennar, which has not generally bought many condominium
properties. [SFBJ]