Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-19
REAL ESTATE.

The Mark.t During the WeekAPropert
Firmly Held at Good Prices-Large Pur
chases-Heavy Building Operations---Th
Transfers Filed for Record.
It is pretty difficult to describe the pre-
else condition of the real estate market il
st. Paul. There is no boom or anythin,
that approaches boom, yet not a piec
of property is offered at anything like
reasonable price that is not snapped up a
once. On the other hand holders are YER
firm and absolutely Indifferent whether tn
property is taken or refused. So far a
holders are concerned they are perfectl,
independent. Notwithstand the closenes
of the money market there IS plenty O.
money to buy. all the real estate offered
There can be 80 mistake made as to where
the
HEAVY TRADE
of the city is to go, and that right qui ;kly
too. Daily more and more purchases are
being made in lower town and daily new
pile drivers are brought into requisition
with which to prepare the foundations for
the additional five and six story blocks
that are III contemplation. All along
from jackson to the bluff and from the
river to Seventh street are the streets be-
ing filled with big buildings. The
business part of the city is at last
overhowing into the lower end of the Sec
ond ward, which has been heretofore
mostly used for hay and cat.
tie market. Some heavy blocks have
been erected there, and more
are to follow. Property in this part of the
city is in excellent demand and will always
sell for good price. Thu heavy houses
all want that kind of property to avoid
long hauls of heavy goods. All through
the week there has been considerable &C
tlvlty and the sales foot up S216,000.
ST. PAUL BETHEL ASSOCIATION.
Among the transfers OF real estate re-
ported, but not yet quite consummated, is
one from William L. Donaldson and wife
to James j. Hill Of lot 4, block 1, Hopkins
addition to st. Paul. This lot is forty
seven feet in width and extends from
Broadway to Rosabel streets, and
the purchase is made in the
interest of the ST. Paul Bethel as
ISOLATION. Mr.. Hill has execute,
declaration OF trust showing Tat he holds
the property in trust for mat association
Some time since ene Bethel appointed R.
Blakeley, James J,uill, James H.Davidson
cad Rev. Robt. Smith, the efficient chap
lain, to secure a site on which to erect a
suitable building for Bethel purposes.
The committee during the fall have ex-
amined various pieces of property. They
desired to secure something that would
be convenient to al the railroads, as the
Bethel work is chiefly among railroad men.
The lot in question was settled upon some
time since and a contract
made to purchase it for $4,000.
Owing to the absence of Mr.. Donaldson
from the city, the sale and
transfer was not consummated
until yesterday, 1t is a very eligible To-
cation and if the friends of the association
will come forward with liberal contribu-
tions building will be placed
upon the lot next year that
will be credit to the city and will afford
reading rooms, a place Of worship and
many other conveniences for the large
number of railroad employees now living
in st. Paul. AS the conditions of the sale re-
quired large cash payment, $4,000,
and it WIS net thought ex-
pedlent to await canvass
Of the city to raise that sum, and the funds
necessary to erect such a structure as will
be needed, James j. Hill generously fur
nished the cash payment to complete the
purchase as an accommodation to the
Bethel association temporarily until funds
can be raised. If our citizens feel a real
live snterest in this line
of Christian work they ought to::raise at
least $780, 900 to pay for the lot and put up
a Bethel home which would be credit to
the philanthropy and Christianity of this
city and the Northwest
Christian institution of this kind on
lower Rosabel and Broadway would do
much to conteract the unsavory reputation
of that part of the city, and it would
probably reduce the saloon patronage by
a large per cent.
We regard the location as admirable.
and think the committee have acted acisely
and acelt in making this selection.
MISCELLANEOUS.
Col. James II. Davidson has recently
purchased lots IS, 10, 20, 81 and 90, of
Weed & Willius' Encouragement of block
%. Woodland park addition to st. Paul.
These lots lie at the northwesterly corner
of Summit avenue aud Kent street, 'front.'
ing 271 feet on Summit avenue, and are
142 deep to an alley. Col. Davidson pur-
poses next year to erect perman-
ent residence for himself and family on
Or near the corner Of Kent and Summit.
and will hold the other lots for advance or
to control his neighbors.
Mr.. VIII Rhodes (of Breuer & Rhodes) re-
Gently bought the easterly corner of Sum-
NIT avenue and Kent streets and he is pre-
pairing to build and will next year erect
residence on that property, so
that two moro lower town
citizens will after next year get up onto the
high lands.
Summit avenue continues to be the
favorite for first-class residences, and when
the water works system is extended so as