, 1873-03-10
REAL ESTATE.

10 borrow the expression OF real estate deal
er, the great bulk OF transactions continue to be
In "grass lands," and mainly by parties vino
want to invest in acres for rise this summer.
But even for long Investments the Investments
IN suburban tracts not too remote are likely to
be much more profitable than in the higher
priced property in the built-up portion of the
city, m opinion which we think will be fully
borne ont by some statistlca III regard to the
relative advance in the classes Of property in
the city ct Nav York Of which we give some
interesting statistics in an other place below.
IN THE SOUTHERN SUBURBS.
While we hear OF no special instances indicat-
ing active speculation, there s evidently strong
cou1 dence that all tile property south Of the city
liuite and east Of State street. as far south as
sxty-t bird Or sixty-fourth streets, will increase
in 7alus largely this year. 1t il probable that
more fra t-cass residences will be erected in this
district, y, thin half 8 mile Of the South Park
Of the city his summer. The owners Of the
majority of the property on South Park boulo-
enrd formed sort OF Syndicate last summer,
and arc devisi ng plans for further combination
and for improve nents which will add greatly to
the value Of all 1.roperty in that quarter.
It scans r,robal le, however, that the most &C.
tire speculation an possibly the greatest aggre-
gate amount OF al kinds OF improvements will
be in
THE wEs1 -ERN SUBURBS,
from the line OF the &, ,lena Division OF the Chi
cago l. Northwestern Hallway, southeastward to
the line ct the Chicago, Burlington d Quincy
Railroad, about Douglas Park:
The new branch Of the Chicago d Northwest
e1n Railroad from Irving Park down to the site
OF the proposed new shops IN the north half OF
gection 10 is now complete. The stone is being
drawn to the latter place preparatory to putting
III the foundations Of the extensive shops OF
1atni i1oA 1n2r %.rN
or three weeks ago, and just a. soon
as the frost is ont of the groun,l work will be-
gin on structures that in all probability will be
The nucleus Of . new town Of five or six thou
eand Inhabitants within two years. and, by the
crowth Of tie city in that direction, will extend
The continuous limo Of buildings all tile way from
the present limits Of the city improvements to
mile or two beyond Central Park: TO some OF
those who have gone ont tbers 9of3ng tne e.
expanse OF fiat, uniuvit:ng prairle,. the aDove
probabilities may almost seem Ike lmpo.s1eM-
ties, and yet there are sound reasons LOT ne-
leying that this will be the result Of the estao-
iahment Of as exteoslTe hive Of lnanssfy 10
the Northwestern Car Works.
, The cnr-works, however, hre not the oniy
stimulating cause Of tho increasing value OF
ground in that quarter OF tho suburbs Infeo
new misunderstanding their city dcpots near the
ceutre of business, and therefore, available Tor
suburban travel-have been CONSTRUCTED through
the northwestern suburbs west Of Central and
humboldt Parks dnring the last sl1 months
Not leas than half-a-dozen new suburban Sta
hnns on these roads; all within a district about
four miles souare, are now either under contract
or theN locations, at least, fixed.
The extensive improvements already made on
Gentrs! Park, and the pushing out Of the city in
that oreshon,-aA these circumstances com
bine to inspire confidence in unusunl in
crease Of improvements and population, and in q
IN increase IN values in that direction this |
spring. That capitalists believe this will bo tina