Daily globe., 1882-05-14
RECORD IN REAL ESTATE.

A New and Good Project for West st,
Paul Which Promises Big Things
The real estate transactions in st. Paul dur
ing the week have not varied much in number
or in the aggregate value from those of the
week before, and in figures foot up about
$3.50, 200. The sum total would have been
somewhat larger but for several rainy, bad
days These always have an unfavorable ef-
fect,upon the business.
The market still continues IN strong, and
healthy condition, without the usual signs of
speculation. There have been but few strik-
ing transactions this week. The largest one
was the conveyance of Stahlman's brewery
for $4,000. Most OF the other transactions
were for business or residence sites.
OF the week, that Mr.. William Lindeke
had purchased the Burbank estate
on Summit avenue for $52, goo, but this does
not seem to be true. Some negotiations have
occurred between Mr.. Lndeke and the owners
of the estate, but up to yesterday no deed of
it was recorded, auG the report that he has
purchased it is wholly denied by the parties
interested.
WestsSt. Paul seems TO have some pretty en-
terprising citizens, who, knowing what is
wanted, have taken hold in way
that promises good results. Six
plain, practical men residing over there-C.
H Lenau, 8. II. Watson, Edward R. Bryant,
Joseph Minea, Henry ]. Peters and Paul
Martin-have associated themselves together
as a corporation under the laws OF this state,
as THE West Side Land and Cottage COM
pany.' This is the name of the organization,
and it comes pretty closely to explaining the
purpose and objects it has in view. There
can be no doubt whatever, that if
the business of the corporation is attended
IN anything like proper manner that the
members Of it will Go well for themselves,
and also for the public. The object, accord
ing to the declarations in the articles of cor
poration, is the buying, improving, selling,
and dealing in lands, tenements, real estate,
and property, building, buying, selling and
leasing houses, negotiating loans, and
borrowing and loaning money. The ex-
istence of the corporation is limited to
ten years from The 2Oth of May
instant. The capital stock is limited to
$4,000, and is divided into 500 shares of Sl0O
each. Such an organization, properly man
aged, will make West ST. Paul bloom and
blossom like the rose. All materials Tor
building can be contracted for in large quan-
titles and with first hands, so that no middle
men Will have any opportunity to interfere
and divide money. The corpora
ton ought TO get better bargains
for materials, at more moderate prices than
single individuals can, and also ought to be
able to erect the buildings for good deal
less. In every way the corporation has it in
its power to do great deal of good. If, as
said before, it is properly managed, there can
be no doubt on this point That it will be
judiciously managed is probable, from the
character of the men engaged in it. They are
practical, energetic men, and are capable of
managing the corporation economically and
carefully. They propose to furnish land, and
building material, and also to erect the dwell
ling houses for people who have not the
means themselves. There are hundreds of
men In this community that need just the
kind of assistance that the corporation pro-
poses to furnish and who will be very glad to
obtain it. The enterprise is full of promise
and hope. Let it be success.
Among the notable transactions in real es-
tate, is the purchase recently by Col. James
Fl. Davidson, Of fifty-Jwo and One-half acres
OF land, extending from the south line of
Como Park to the north line of the right of
way of the St. Paul, Minneapolis & Manitoba
railroad. 1t is now being plated into lots
and blocks and is one of the loveliest spots
for suburban village. midway between the
dual cities. A neat station. ten minutes ride
from the union depot, at the corner of the
new village, is said to be a thing of the near
union depot or Minneapolis will on
monthly tickets only cost 10 cents each way.
With grand city park along one front, and
delightful drive Of thirty minutes from the
village to the Merchants hotel or Bridge
square and only five minutes walk to Ham
lin university and only ten cents ride to and
from the union depot or Minneapolis, with
fast passenger trains passing the station
every hour, the project cannot fail to be a
success from the outset. 1t is also so near
Hamline university that residents will have
the best opportunities for educating
their children. Inqniries are already
beginning to be made by parties desiring to
secure houses in this new suburb to the city,
and when the plat is recorded and the lots
placed on sale, there will doubtless be rush
to buy out the proprietor.
The Wildwood Park association is the title
of the organization which has purchased a
tract of over three thousand acres upon the
shores of White Bear lake. The purchase in
cludes the town of Wilson and it is the design
of the purchasers TO supply lots for summer
residences, The articles of incorporation
were filed Yesterday.
The architects are still hard at work with
their plans and specifications. Mr.. Hinsdale
has his hands full. One of the most notable
buildings he has in hand is the beautiful
double residence of DR.. Stewart. The strnc-
ture is to be built on Washington street, on
the north side of Rice park, on 1.-THE site of the
old Fuller house. The style OF this house is
quite new and very beautiful. When COM
pleted it will be one of the most elegant and
beautiful private residences in st. Paul. 1t
is to be constructed ofred pressed brick, and
will cost $4,000.
The pork packing establishment, to be
erected on the corner ef Eighth and Minnesota
streets, will cost $4,000, and will be crowded
right forward.
The excavation is gong forward rapidly
for the new block to be erected on W abashaw
streetby Mr.. Winter.
The plans for the armory are completed.
The building will cost $4,000. It will be two
stories high and very conveniently arranged
for the purpose it is to be devoted to. The
design is purely armoretic.
Another costly dwelling is that of Mr.. D.
G. Shepard, who proposes to construct on
Summit avenue, between Virginia ana Far
rington avenues, 0,000 private residence.
Mr.. Millard is at work on the plans and speci-
fcatons.
Work on all the buildings in process of
construction Sis going on satisfactorily and
the season promises to be very lively one.
The work on the excavation for the First
National bank, on the corner of Fifth and
Jackson streets has not progressed as fast as it
ought to but new arrangements will be made
tomorrow and the work will be pressed for
ward hereafter more actively.
The work on the foundation for Miller's
block on the corner of Seventh and Robert
r4reetc hos hnpn abOut comDlated