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January 12, 2006

Vulcan Real Estate

Vulcan Real Estate says 2005 was a banner year for the development company, and 2006 is shaping up to be another busy one. The company said it expects to break ground this year on five commercial, residential and mixed-used projects with more than 1.2 million square feet. Last year, Vulcan said it had 900,000 square feet under construction worth $300 million, and three million square feet in the pipeline. Leasing last year totaled 300,000 square feet and 259 condo worth $138 million were presold. Three mixed-use residential projects totaling 670,000 square feet were announced. Construction will start this year on the second phase of UW Medicine Lake Union and two major mixed-use projects will be completed this year: 2200 and Alley24.




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