, 1879-03-02
REAL ESTATE.
State Street Wins tho TWO
Great Prizes.
Field, Letter 81 Co., and the
New Music Hall.
The Negotiations fer Central Hal
Finally Completed.
FnII Particulars Of the Finest Music
Hall in the Country.
Sales and Building Permits Of the Week.

Sales and Building Permits Of the Week.
Two events Of great Importance. affecting the
same locality, hare stirred the real-estate mar
kcs during the weeA,-the sale Of the Singer
Building to Fieldv Letter & Co., for $'5o,0oo,
and the close Of the negotiations for the sale Of
the neighboring vacant corner Of State and Ran-
dolph to the Central Hall Company. Both
transactions are Of great interest to the general
public and to real-e5tatc dealers. The sale OF
the Singer Building is the
LARGEST REAI~EsTATE TRANSACTION
between private parties that has been made IN
Chicago. Its purchase BY Field g. Leiter, fixes
for wears to come the retail centre OF this city.
Central Hall will put the musical centre ut the
other end Of the same block, and both will give
State street immense prestige In its competition
with Wabash avenue for the control OF the
Soutb-Slde trade. The superiority OF the street.
car travel on Wabash avenue is an element OF
the first importance in this question.
Of the price stated By the President OF the
Singer Company to have been paid. s'5o'0oo,
s10000O is for the purchase Of the lease OF Car
son, Pirie. Scott g. Go. This firm had rented the
property for five years, ut $50, GOO and half the
taxes wear, with the privilege of,f1ve years
more at S5o, 900 and all the taxes. The taxes
are about 5000 a rear. The price paid for the
land and building by Field, Letter & Co., vas
s65o,O0O. The cost Of the building
was so1,0oo in addition to the
material saved from the old building: The val
ue of this with interest. ETC., Increased the COST
OF the building to something near S350,00o. As
1t stands to-day it is claimed to be, and no
doubt is, the
BEST STORE IN TUE WORLD.
The lot has frontage OF 100 feet on state
street, and runs hack on Washington street LOU
feet to the forty-foot alley. The pur-
chase Of the Central Hall Company is the
vacant lot at the northern end of the block
which has the Singer Building at its southern
extremity The lot is $50 feet on Randolph oy
1A on State. The price is S125,0Jo. The central
Hall Company, composed OF gentlemen ike ~
+. Fairbank, George N. Pullman, Sidney Kent,
K T. Crane, Elson Keith, Nelson Ludington,
Martin Ryerson, ]. Russell Jones, Marshall
Field, and L. z. Letter, nave bought this prop
erry to carry out q project, years DID, Oh
providing Prof. Swingwith suitable auditorium
for his Sunday services, and giving the people
Of Chicago m accessible and properly y-construct-
ed hall Of the first class for musical aud other
entertainments. The site chosen Is an aomlta-
bic one for this purpose, standing as 1t does at
the horse-car centre Of Chicago. The long 'lme
these lots have stood vacant shows that the
profitable use of them was something OF a puz-
zIe. They stand too far north Tor the best re-
tail trade the streets are not clear enough Tor
wholesale business. The locality IS
| THE BEST IN THE CITY
for hall and ofIice-buildtng, and the Central
Hall COMPANY, and West Division Railway Com
| nany who we're the owners Of the land, both
MADE good trade.
Mr.. George B. Carpenter, whose ample ex-
perIence has given him every qualification neces-
sa.y to take charge Of such an enterprise, has
been working for several years upon plans Tor
| grand music aad art building to De erected on
| this particular site, which immediately after
the fire be saw was pivotal point in the amuse-
ment circle OF our city. Chicago is so pecnliarly
| constructed that public building intended to
be convenient and accessible to all parts OF the
city must BE- erected within the district Of Clark,
Madison. Lake streets. and Wabash avenue.
| The particular corner chosen-Raudolph anu
| State streers-co,nbines every necessary feature
| to accommodate the entire city. as to mai corner
| cyery street railway from the West aud South
blocks away. Then, too. at the rear OF this par
ticular lot there is q Nicolson paved strcetway
| forty feet wide especially
| ADAPTED FOR CARRIAGES
| During the past five years Mr. CARPENTER has
| visited every important anuscment-place be-
| tween Boston and San Francisco As the re-
| suit OF his labors during the past three wears
| six completc sets Of plans have been worked
! ont by Mr. Adler {who was the architect of the
! kingsbury Hall and New Chicago Theatre). The
| building will have three sides exposed. The
| State street trout is treated like commercial
| ia fnrt the hall hP1np the
| southeast corner Of the lot, with its rear on
! Randolph street, where there is more pre-
| teEtious architectural treatment. Mr. Adler,
the architect of the building, mas been very
fortunate in combining the two ideas IN bis
treatment Of the exterior. The building is s1
stories on State street, having on this street
front six stories and basement. besides GRAND
and imposing entrance to the nall There art
some seventy offices, MUSHROOMS, ana studios
in this part Of the building. distributed on the
second. third, fourth, fifth, and sixth floors
| vhica are made convenient to tenants and the
public By means OF two large elevators with
| which the building will be furnished. In addi
ton to this, there are fine stores on the Ran
! dolpa street 'front.' From this commercial Dor
tion of the building large income on the in
yestncut is to be derived, the hall and sur
roundngs making. the building not only at
tractiye but necessary to large class OF tenant:
out the centre Of the CITY. Mr.. Carpenter
has received enough applications already
to nearly rent the entire building,
The large hall is on the first floor, and the maiT
entrance is from State street through marble
corridor, seventeen feet wide, running back tt
the hall, which is on the rear OF the lot. Tht
hall has superficial area which, il seated in th'
usual way,
| WOULD ACCOMMODATE OVER 500
people, but, besides large lobby facilities, th
space allowed each sitting will be unusual,
liberal. At the Dortl: end ION Randolph street
is fine feature Of the hail. foyer, somt
twenty feet wide bysixty OF seventy long, through
which the auditorium is entered, and which pro
yldes spacious promenade, with ladies' anf
gentlcmeu's dressing and retiring rooms o
either end. One OF the novel features Of thi
foyer is the entrance into it at the east sid'
OF the stairway leading to carriage
arcade. This caTriage-a7cade is made ut I'M
cast side of the hall. where carriages can dEir'
into it from Washington street, and, after uu
loading their passengers under the corner Of th'
building drive OUT on Randolph street, the oc
cupauts getting in and out without passing out
doors ut all. This foyer also serves an jmpor
tant Office in other particulars. the principal O
which is to enable Mr.. Carpenter to Introduce
an entirely new departure In the interior or
ranccments Of theatrical and music hall aud!
toriums, feature which, in the Judgment O
those experts to whom it has been shown, i
destined 10 remodel the old ideas in relation t