, 1881-09-25
REAL ESTATE AND BUILDING IN
NEW YORK.

! Everything In New York, the Post says, :ndf-
| Gates MI unusually active real-estate market
| by the Ist OF October, When nloSt OF the large
I buyers who have been absent from the city in
the summer are expected To be back in town
| again. Some extensive and important exec
utors' and partition snics, Of both improved and
unimprovcd property, arc to tnke place next
month, the property having already been put in
tho hunds OF uuctioncers with that view. There
is now good denl Of inquiry III the Offices of
reul- estate dealers and elsewhere by men who
have moucy TO invest aud are looking for bur-
gains In rcal property. These "shoppers" ?" ILL
clude many persons who are not In tue habit of
buying largely, but. h'lsing surplus OF SOME
$10pU or S3U0UU on hand, are anxious to pnce
the amount III real estate, not with 1t speculnt-
i've purpose. but for permanent investment.
The high prices OF llbor and building material
huve compelled many New York builders to sus
pend operations. Early last spring tho northern
half OF the Ninesccnth Ward and the southern
half Of the Twelfth Ward nl1mmcd with tho
click Of the hricklnycrs' trowels. and tho five
stury brick and brown-stonc fronts that were
rising east Of Third avenue, between Sixtfcth
and Nincteth streets. were counted by hum
1rels. Few of these Structures, however, have
been completed. The unprecedented demand
for building n1lteri,li and for labor naturally na-
vauccd the price OF both commodities, and tho
WIS 50 shs a9 p'es5 o, ~es it up to
ers were constrained In sef-pTotection
to suspend operations Those who l:!d olltFrtct-
right wncre the new values found them.
Between Jan. and Aug. permits. have been
1akcn out in New York and brooklyn for new
We have already described the important busi-
1,css buildings. Besides the Vanderbilt houses,
the most u,tnblu residence structures Arc apart
n,ent houses. Mr. Edward Clark. President of
tlle Singer Sewing Machine Company Ii tue irSt
to break ground OIL what must ultimately bc IL
magnificent street-uamc'y, Eighth avenue.
fjt}F-uinth
Tenth street. fronting Central Park. His nine
story apartment house, fror' Seventy-sccoHd to
Seycnt y-thrl strcer, Is nready built. up tO tho
third story 1t trlnts the Sttenty-seGnnt street
entrance 1o the park, and in Tue rear i1cioses an
open court. Its front IS OF Nnv' scotia st"nc,
the first s,ory there will lie large restaurant.
and overhead about lf1y suits Of rooms, varying
entire cost Is estimated lit Sl,;NsJt}tJ.
Excepting un II few corncr lots that are hcth
for higher prices tho city is built LIP solid To
away the lust vcstigcs Of the enormous ledge
that once truwned down llpan that street along
the entire southern boundary Of the park. FROM
Fifth avenue aGross TO Eighth II is to be u mag
nitccnl street. mainly OF large apartment
houses with nurd*oie brick and brown stone
fronts. One of thou!, tue nnwthorne, hAs Il
front of scyenry-tfye feet and depth OF ninety.
and seven stories Of Philadelphia brick Cost,
$lu.NU. MIR. J. +. Nuvnrro will build both east
and west If ,h hsi the cub sst an am
be be viii speud some millions, lie
p;lld $t2W0 0O0 for the land alone The buildings.
which are TO be Of iron. brick and stone. are to
b., eight stories high. The Navarro structures
west OF the hawthorne will he four III 1.itInher
eAch "G0 rcrt in length. two trui1tinK FIFTY
eighth street and TWO fronting Fiity-ninth
street. There will be private street httccn
tect wide east Of tho Navarro houses scpHrat-
ing them from tho hawthorne, and another pr1,
ytte street tiftccn feet wide running east and
west between tho TWO houses on f!fty-clEhth
street aud the two houses on Fffty-nHth street,
81, that each of the four large structures will e
pructical!y isolated. There is to he Il fountain
ut Tho intersection 9f tne fnur pr.sate stfoe1S
bl,uer Of tho New Workers ct the last genera
tiun In laying nus the lines OF the growth OF Tue
citv Their mistakes were that buildings Wefc
permitted 10 be pit I}rOul1lyn HshtS: t1at
the pt,st-uslice building was admitted in Clty- |
Hall Park: that railroad companies were Ai-
lowed to lay down their tracks On the banks OIL |
the Hudson; that the PAlisace5. were NOT Pro-
the lots u1o11 which Trinity auh ST fautS |
Church cditices were constructed were NOT tetL
VACANT; that tho Battery. once the delight ot
should nave uecu EiFefi ottt 1oA
purposes OF Immigration |
The peopIe Of Chicago may congratulate t1eHl-
selves thar no such parslluony or lack OF rt nore
sight marked the founders OF this CITY Iherc
nre beautiful little parks IN every division or
the CITY, In the heart Ut it, on the shore OF tue /
lake Is the Lakc-Front Park, which will become
every year OF more priceless value to tne neat.n ,
Of the city. And north, west, and sontn Oh luz
city is The fntuous system Of Chicago parks, |
known all over the world. tu be cnnnccten ps
continuous boulevard thirty-two mites long
4 meeting OF property holders representing
$Joe0J.OoO met last week III NJ" aotk ~ P'u. o,,
seun,ed to be the great tnterteleuee
vita the sewerage and eas and water tnalns tnAl
would be necessary in building the road: ~
Dther point was that the excavation "oulo ea~
1anger buildings Oh BroadWay. ,