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DORAL, FLA. — Related Development has purchased 33 acres of land, located at the intersection of Northwest 97th Avenue and the Dolphin Expressway in Doral, from Fontainebleau Lakes for $20.5 million. The company plans to build a 720-unit multifamily property on the site in two phases, each with 360 units. Amenities will include a resort-style pool, tennis courts, private garages, a fitness trail, wireless internet in public areas and a car wash. Construction is slated to begin in the third quarter of this year. Tere Blanca and Andres del Corral of Miami-based Blanca Commercial Real Estate represented the seller in the transaction.