Doral, hitherto best known for its gated communities and golf courses, has become the focus of intense development activity.
Thousands of residential units are in the pipeline, and some market watchers are expressing optimism — albeit cautious optimism — about the city’s future.
Top US bankers have sounded caution over commercial real estate lending as concerns rise that bubbles are forming in parts of the country’s property market.
Lenders have helped fund a boom in recent years in cities such as New York and Miami, where luxury high rises have sprung up across the skyline.
But executives at several banks signaled during results season that they were tightening up standards for CRE lending, which includes mortgages secured against big apartment and office developments.