New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-25

pRosPRcTs-uIGHER RENTS EXPECTED.
The present condition Of Broadway. the con-
epcuous buildings that are now going up or have
been completed recently. the demand Tor Offices
and stores and the prospects as TO rentals are con-
sidered in the article given below. great demand
for offices in Broadway exists at present. ana rea'
estate men declare that many bills have been taken
down from stores this year. 1t Is believed that rents
will be advanced. Some fine apartment houses have
beer built on Broadway between Fifty -hrst-st ana
the Central Park at cost of more than ~ oooooo.
Other improvements along the street may he noted.
CHANGES IN THE GREAT STREET.
BUILDINGS To SUPPLY THE DEM,SD-wHAT STORES
ARE VACANT AND WHY THEY ARE UNTES-
ANrED-GRowIH OF THE APARTMENT HOUSE,
SYSTEM
At the sea wall stands old Castle Garden,
where the Immigrant lands to seek home In America
md miles away to the north clustered IN neigh
borhood many imposing apartment houses, IN whcr
live people of Stretching away between THESE
lies the great thoroughare. which, under the
of Broadway, is known to every intelligent Ameri
can and has been written about in every civilized eoun
try. The condition AMI progress Of Broadway are sub
jec,s Of perennial interest reporter of The TRIBUNE
recently walked from the Battery to Central Park to
see what have taken place OF late along the
10 note what improvements are in progress ana
~ ask what demand present exists for places of bus
ness, Nn1t rentals dsheu Wudl cAPeStu
tons OF the owners OF real estate.
II was noted at that there demand in advance
of the supply for offices in the neghbOrhoOd OF Wall ST.
both below and above In the blocks Immediately below
wal-st several notices may be seen announcing that
Offices are let bu this apparent contradiction of the
statement Just made explained by the fact that these
Offices very deslrabie they are IN upper stories
or at OF buildings. The demand for Offices Is
genuine and from the eparge oeut Of the Stock
Exchange, by which brokers were driven out TO Broad
way, and from the opening OF the mining exchanges
In belief this demand for offices will be perma-
ueut, y. Marie has built al Broadway and Newest
brlck structure 1--WE stories in height, dressed with
brown stone and has made the interior arrangements
OF the entire building for offices only The work will be
finished in August and most Of the rooms are engaged
Taking the Of the demands OF business, H. H.
Houston has began TO build at Broadway AMI Exchange
alley brick building of five stores. designed for
nothing but Offices a cost OF $TO5 600 Speaking Of
tIs large AMI growing demand tor of,e-room ia THIS
part OF Broadway. L. A. Crukshank. the real estate
dealer. sand: III you have fst-ciass Office 10 let IN
this neighborhoOd will guarantee TO get ten offers
for it in hour good figures. Rents have advanced
greatly this season. and quite high"
BANK BUILDING TO COST S450,OO0.
At Broadway ana Wa-st. the foundations have been
laid for q building which is designed 10 be OF the
conspicuous and noteworthy business structures Of
Eew-Y0rk Ii Will have front of - feet en- Broadway
ond of 9S feet Waist. Including the basement ana
M attic for janilors rooms ii will be
height Robert L. Darrsg is building it for the Bank
the Republic and for the First National Bank. The
materials used viii be Philadelphia pressed bnct stone
from the quarries at Long Meadow, Mass and iron
The basement will be Of iron and the stone will be
for dressing. Upon the brick foundations viii rest
enormous blocks OF bluestone. The building which
VIII rise 10 height OF 1872 feet, VIII have rooms for
tNo banks will be provided with safe deposit vault IN
addition to the bank vaults and Viii have office room
for hundred tenants. Il l. be finished April
90 1881 and tho estimated cost Is $4,000.
From Wall-st. the observer must walk sOmc distance
before he again encounters any improvement which IN
Hrw-Y0rk eau be called promiuent IL passing mp
Broadway he will notice that two stores nave Deen
nd1ed to the building No. 1873 owned by the Aanhat
tan l. Re Insurance Company Al the rooms mere were
taken in advance From Cedar-s. nOrthward notices Of
ofces Easements ana lots 20 les BE- more frequent
Bstween Fulton-st and Chmbcrs-st. one or two bank
ing and several secondhoor 'front.' OH es are &c h
iug occupants. At tie office OF james A. Taylor d Co..
however, the reporter was n'0rmed iaa ee are cOin
para,iyeiy few desirable Offices 20 be hd ana the pros
i,ect that advance Of rents Will be asked Bis
thS year Good Offices IN modern bindings command
good tenants. The expected advance IN rents VIII Ice
nothing extravsgant bnt will De based fairy ON the i'm
proved eondllon OF business several expensive places
vacant at u. because their former occupants
faxed and had to out Of business.
THE OLD STEWART STORE.
At Chambers-s stands the old Stewart store, vacant,
As II has been since the whoes &c business removed
l. the uptown house. 1t Is used stOre-house by
J1dce Hilton. There have been many minors as TO the
probable disposition Of this property. 1t has been
believed by that I, Is to be made into Offices, but
netting /, known OF the plaus Of tho owner indeed
any plans have been formed
Al No. 80 Broadway the reporter came upcn the
first iuding that let. THIS a structure OF
Ave stories. with an front. and it Will probably not
le vacant long LeOnard-st., opposite sides of
broadway are two buildings that have been improved
III. year Two stories, with Mlnsard roof, have been
added to the bnliing OF the New-York Life Insurance
Company, WITH the result Of making conspicuous at
great distance. Two stories have likewise been aided
60 the building occupied by Bates Reed q Cooley,
the street making IL seven stories III height
With white marble front II appears to It's
right TO place among the handsome buildings OF the
g. eat street
building for General Ejah Ward Mrs. Mary Bradhurst
aud of the L0rilarls three iifsass stores which
are 10 finished November L. Including the base
ment they viii be SIX stories in height above the curb,
Mil re of brick with stone trimming when finished
wi murOye the appearance OF the neIghh0rho,d ore
block further up whiest. yet standing the ruins
made by the Ire OF last Wnier-a fire that viii long DC
remembered among hrenen. because OF the sad death
Of TWO OF fhrir number ~ho lei iilO tAe Names ana
we're burned alive Phis property is announced as for
sale or 10 be leased
BUILDINGS AND STORES TO LET.
When Cana-st. has been crossed notice, of buildings
OF stores 20 let are longer rare One OF two such
notices be before Grandat. is reached, and
from that point to II ustou-st they begin thicken.
From HOustOnSt 10 Asorplace they are tbickest. Be-
yond FoureenthSt there not many desirable bust
places uutenanted. Among the vacant stores
those "a, Nos 437 SOL $50, $40. 55l, Sol. 5Gi G29,
G50 670 Gs3 COB. Cos, 7O2. I'll 725 73l, 733. 737,
III 7isla 751. 7G4 $40. $50 and SOS. Between the
aumbers 400 and 900 is he found the large majority
of all the buildings Broadway that are to let. Many
these situated 10 the upper par Of what is called
'he wholesale district and the rest neutral
Touni between the wholesale aud retail districts.
the Office OF William A. White & Sons, real estate
agents reporter asked how the number Of vacant
busiaess places cJnpdred with that of year two
ege, and was informed that the tide Of Improvement
did uO' set IN early enough 20 benefit the owners OF
many Of the buildings already ntioned without
euauts. IL me duil season, but customers
demanding aryer premises ana is probable thar be-
closes vacant stores VIII De let
Eyvnas the matter stands. there are fewer eDpY
bulOiugs in Broadway than there years ago,