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Originally published January 5, 2013 at 8:00 PM | Page modified January 6, 2013 at 9:17 AM

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Cranes abound in South Lake Union

More projects scheduled to break ground in 2013

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South Lake Union is considered one of the country’s hottest real-estate markets, and that shouldn’t change in 2013.

New development there extends far beyond Fairvew.

Holland Partners has four projects with 800 apartments under construction in the neighborhood — three of them on Dexter Avenue North. Other developers are building an additional 600 apartments, and 600 more are in the pipeline.

Spear Street Capital, of San Francisco, should finish a 110,000-square-foot office building on Westlake Avenue North next year. It’s pre-leased to

Vulcan Real Estate plans to break ground in 2013 on three more office buildings, also on Westlake.

Two are pre-leased to Amazon, one to the Allen Institute for Brain Science. They total 625,000 square feet.

Vulcan also is seeking permits for yet another 200,000-square-foot office building. And a San Francisco developer has filed preliminary paperwork for a 15-story hotel smack in the middle of the Amazon headquarters complex.

— Eric Pryne

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