The New York herald., 1877-07-02
GROWTH OF THE CITY.

WHAT IS BEING DONE BY THE BUILDERS ON
NEUTRALITY-SUSPICIOUS. AND COST OF SOME I'M
PoRrANT STRUCTURES.
member OF u prominent building firm said yester.
day There OF late to be great deal Of activity
in building, especially In the uptown districts.
special what builders term houses fos
medium class incuces from Fiityhrst street to Fifty
seventh and from Fifth to Lexington avenue. Another
section in which there great activity In building
that lying between Sixty-secend aud Eighty-tourth
streets and between Fifth and Third avenues. The
houses being erected in these two sections Of the city
are OF a moro substantial nature than those
usually built heretofore, having more OF solidity
and less OF the ornamentation Of fnisA
in consequence of the "hard times" These houses
range in value from $2O 900 to $685. 900. according to
location and STYLE There are from two hundred
10 two hundred and hfty houses Of this class
being built which is not a very large
dber considering the OF city and It's wants.
II there greater activity In ordinary business
channels, ho said, IRON 500 800 houses would nov
be building u this very part Of tho CITY. There
lew hsases benR built Ia this district Dy privats par
ties for thor own occupancy which will cost much
moro than the figures given. Ono Of these, at Finh
avenue and Sixty-second street, will probably Be
the most substantially finished Of any house in
New York. II Is being bulIt for Mr.. J.
B. Bostwick, o wealthy oil nerenanh an and VIII
probably cost In the negnb0rhood OF $2OO,O0 One
OF The really notable buildings being erected In thM
neighOorhovd IS the Seventh rsgimcnt armory. tho
ounIa.ion work alone viii cost about $4,000 and tho
entire structure will cost from $3.50 GOO to 100000
BUILDINGS IN rHE UrrEn DIsrKIcTs
Al tho corner OF Filth avenue ana Forty-second
street Is Mr.. William II. Webb's apartment hotel IL
will probably be completed in two or three months.
IL eight stories high, the froas Is OF Nova ScotlA
and the total cost will be upward of $4Oo,000 A
nat Is being erected In Fiityninth street, between
Fifth and Sixth avenues, which will cost about
$lUO, 600. There other notable The wesl
side OF similar buildings.
There are several flats being built on tho cast sdc,
below tho Park-tnc on tho corner OF Twen.y-stxth
street aud Fourth avenue, which will probably cost
$3.50 000 another on the corner oil Seventeenth street
and Fourth avenue, which Will probably cost from
500 QUO to $4,000; store In fourteenth street, eass
Of Film avenue. Is beng uut costing about $S0, 900
or $50, ,00O ON the Eastern Boulevard betwcci
Eighteth aud Elghty-nrst streets, about twenty-five
story and basement houses are being built These arc
not tenemens but small families.
ON the western side Of Fifth avenue, below Central
Park there Is only moderate degree OF activity ~
building. The high price at which lots are held
Ia this section Cause for this inactivity.
There many tcnements being erected on tho cast
SHE, ranging from Twenty-third up TO Eighty sixth
tenement pattern. In this section OF the CITY
aonc there are being put up from ono hundred and
hfty TO hundred buildings Of the class named, 40
ABOUT twenty-five more are In contemplation.
DOWNTOWN IMPROVEMENTS.
Down town there Is not. much activity IN building
but what Is being done rs ol costly ORDER One Dud'
ing alonc that whcn IS bong crecsed on the historic
Jauncey Court, Will IRON $200, 900 70 $780, 0OO.
printing establishment Is being built IN VandewaleH
street Vt probable expense OF $l5O,000 The tenc
ment houses which are beng built down town are
scattering, but loot up a goodly number. There 10
a very considerable amount OF work being done IN
the line OF alterations Of buildings IN various
parts OF the city, but especially In the downtown dis.
trcts Tho Broadway Bank has just had two ssorice
placed upon It, will have exclusive interior aera.
TONS costing about $5 O00 Tho old Dclmonico build
ing Cnambors street and Broadway. Is being i'm.
proved At an expense OF probably $4,000 Al Filth
avenue street the alterations are 20
cost from $l5 900 TO $4,000 There is considerable
activity me ''annexod dstrct"-thc Twenty-,hird
and Twenty fourth wards-but most OF the buildings
being constructed there small frame houseE In
the Harlem district building apparently quito activc
beng erected there arc OF The class styled
ssmodcrutc, ranging from $1,000 TO $4,000 There
are some which will reach SO, ,U00 but these
cheapness Of the lots the iarycncss OF tho oans IN
proportion 10 the quality ot tho buildings aud the
ready to down town by the steamboat lines
The builder above quoted considers that ono OF the
principal drawbacks to building operations In Inc
neghborhooc OF Central Park and below tho
sve value at which lots are held particularly where
building loans advanced them, tho price boing,
be cash, this excessive value, Of course, largely
diminishing tho profits OF the builder One reason TOR
this, he said IL that many Cf these lots, winch
mortgages high valuations have been forccloeod and
bought 10, are held by the mortgagees~ who IN many
heavy capitalists or trustees vi institutions
and who Will not sell unless they con got really
.'fancy prices'
Building rs quite active in Brooklyn, near Prospect
Park in houses ranging from 5000 to $15 900. and
there seems TO be considerable activity IN sales Ia
Jersey city building appears TO be less active than Ia
New York city.