, 1870-05-08
REAL ESTATE.
The Proposed New Opera House
: and Hotel.
Gas wes8 bridgeport.
Real Estate Market-SaIes for tn,
Week.

TIE proposition Of Mr- Pike, Of Cincinnati, to
some Of the property-ovneEs Of ttat Gig to build
! Iuey NUM- uonAso = me- P4oposaoa OF tha
I eost Of tue onnaing, may :st1ke some as rather
| novel one Host Chicago property y-oWnerH would
regard 3 similar proposition to build similar
strctpre. al their expense by aszese,nents M, ~,
Joining property that woald be benefited, without,
at the same time giving the parties 30 assessed an
exact equivalent IN the ownership Of the building
ground in cities, however, do seem to exhibit less
Enterprise 4 determining the chslac. nc.
any finds which concentrates large numbsrss of os
ep ase s nas as9 III ass
such property In donating very large prDport!on
OF the cost Of the structure The Justice Of tia
parks In providing for The assessment Of tie costa
ii the parks upon the property benefited. Tns
principle has never been extended to public build
on adjoining properly get any one who Is acouant-
ed with what Was the valve Of the prppcrty Ia he
ytcinires where the Opera House and inc Custom
1aue Of ground within one OF two blocSs Of one oT
those institutions has been Increased suficieativ
@ of te cot f tos budSa q Ess
ment oi properly owners IN any particular neis1- %
n c3nnection 1ri,h residence nronsr+s
ass ay o. e uno badna o
e 50ss sss Ct ssas ssa sss psa9 'sa 5 IL
The ornamentation Of intersections Of streets viii
fountains Or statues; IN the removal Of naisances,
or even Of buildings Of unsightly appearance, ii
exercised in accordance with q Comprehensive
design by the residents Of whole neghborhood- ]
tnFk kriaX harA hCf 1,ff1n oHo
establish higher value for ground In
their vicinity. The good taste an, ex- |
q n9 S9s To Or u sas o
resiuencea, have but little eject on the value Of
property IN their vicinity unless their example Is
them. It Is the character Of the whole nelghbor-
hood that determines the valne OF properly, and /
not the expenditure Of 3 few indivtduais Al n
mens Of residence property adds to ia yalue. nav
he seen In the block on calumet avenue extend
On W tho east side Of the street he fronss Of the
houses arc at uniform distance Of nifty feet from
Stout {15o Der front loot to fha Taiaa ~ of
the properly oppo1i.e 70 It, which is shown by the
fact that while properly opposite to the fne |
grounds In front OF these houses sell for $50 per
ty Of the residences Just good-only that thcy
are oil nearer 70 tee street ground Is worth only
fsss per front foot There Is perhaps larser pro
In any other American city. but on some OF our
best streets their general effect Is destroyed BY the
house Is hfty feet back from the street, the next
is twenty-five, the next Is only
ten, and. though Of Late years
these Irregularities have been corrected to some |
extent, there iB get no other one thing which de-
tracts 30 much for the general appearance Of fhe |
best residence quarterB- Obsefyant men, who |
come westward from the Atlantic States remark /
q tendency to prosecute business enterprise by as
or Joint stock companfes or c{uba |
THIS Is morr marked characteristic In San Fran !
cisco than In Chicago, and, though ills somewhat
popular In the prosecution OF other business euter-
p,ises here which could as well be carrted on Nv
Individual capital. it Is wholly wanting |
IN that class Of ente1pr1ses fof the mi. |
of real estate which cannot |
,c made successful IN any way but BY the associa-
ou and concerted action Of numbers OF properly |
'wncrs- There is not a statue NOR fo1E1ain tn
my street In Chicago, nor continuous row Of
rees, nor uniform "61lldlng 1iner OF residence
tonts, nor even uniform style at respectable
adeHalfs for the distance Of whole block IN the
:ity, yet there are residence quarters where the
'ane Of ground In one block might be Increased
n value e5 rer cent over that tn adjoining blocks
y these improvements, and at comparatively |
mail cost
We understand that the ground hls been nur- |
MI With fka nrth fnrt tho 4