MIAMI—The Southeast has seen tremendous commercial real estate market recovery. But where does the region go from here?

Expect to see more mixed-use, transit-oriented development and public-private partnerships, Jim Holleman, a principal with Cushman & Wakefield in Knoxville, TN, tells GlobeSt.com. “Development focus will move away from public-sector to more private-sector development,” he says. “We expect to see private capital emerge as a dominant player in local development.”

One notable private-public partnership in the Southeast is known as the I-4 Ultimate, a $2.3-billion partnership between Skanska and the Florida Department of Transportation to rebuild the Interstate 4 corridor. It's the largest P3 project underway in the US right now. Fred Hames, general manager and executive vice president of Florida at Skanska, says, “The reconfiguration of I-4 is an effort to improve the quality of life and the safety of residents, while giving Central Florida a competitive edge when it comes to attracting new businesses and economic growth to the region.”