Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-19
REAL ESTATE.
"A Lively Market Last Week-Notes OF
Progress and Record of Sales in Detail
Tho Tow,, Site Of ST. Vincent Sold

Proeress and Record of Sales in Detail
The Town Site OF ST. Vincent Sold
The real estate business in st. Paul j:
decidedly active, and the market is very
strong indeed, bnt the condition is alto.
cether 100 solid and substantial TO be
called boom. Men are buying, generally
for the purpose Of constructing resi-
dences, or business blocks, and with the
exception OF some outside pieces that
have been picked up, there is no specu-
lative disposition anywhere TO be observ-
ed AS each week rolls along the trans
actions increase, and the register of deeds
is far behind in the work of recording
the deeds. The ST. Paul real estate mar
ket is as healthy to-day as is that Of any
branch of business in the city,
and everything indicate that before the
season. closes the transactions will
be of o very extensive character. The
additions that have been laid out around
and near the various railroad shops are
being bought up in lots by workingmen
and other people of moderate means for
the purpose of being improved by the
erection of houses. Prices of prop
erty are not high in any part of
the CITY and lots can be had at all prices
and at reasonable figures, while men of
moderate means can obtain building lots,
not only on reasonable terms, but on
such time as renders the payment for
their homes comparatively easy.
The demand for dwelling houses is the
crying misfortune Of st. Paul. Every
real estate dealer is continually overrun,
day after day, by people, especially those
in moderate circumstances who desire to
rent, and for the want of houses to rent
the city is daily loosing q great many
people who would otherwise come here
TO live, and engage in business. There
are people to-day who are engaged in
business here that are compelled to go to
Minneapolis to live fer the reason that
they cannot find houses in St. Faul. 1t
IS the same story that has been told over
and over again in st. Paul, and is one
that the business men of the
CITY ought to turn their attention to and
have remedied at once. 1t is bad for the
CITY in every respect that people who
come here should find such an extraordi-
nary impeachment in their way as this, es-
pecially as it is one that could be RENE
died If few Of the business men OF the
city would look upon it in the right light
and make an effort to apply the
emedy. There is an abundance Of capt.
tai here that could just as well be applied
TO this as not.
Mr.. Hermann Greve, who purchased
the Cook stable property on Fourth
street, below Jackson, will erect five or
six story block On it fox a large whole
sale house.
Mr.. J. B. Powers, whose house was de-
stroyed by fire a few days ago, has pur-
chased of Mr.. j. s, Sewell his residence
on Carroll street, the consideration being
$500
The work of tearing down the old Moi
fet Castle building, on jackson and
Fourth, has progressed so far that the
stones in the first story are disappearing,
one by one, and soon the First National
bank will have erected on the site of the
old building one of the most elegant five
story blocks in St. Paul.
The five story Drake block is about
completed, and it will not be long before
the firm of Auerbach, Finch & Van
Slyck will occupy it. They have adver-
tised the old Wigwam for sale.
The business of Lindeke, Warner 81
Schurmier is increasing SO rapidly that it
will not be long before they will have to
put one Or two stories on the top Of the
present four stories they now occupy.
General r. W. Johnson sold during the
past week the town site of st. Vincent,
for $50, 200 to Mr.. c. r. futile of Winni-
peg. General Johnson's sales for the
week foot up something more than $685.
900, having sold number of lots in De
Bow, Smith, Rlsque s. Williams addi-
ton, three lots in Selby, McClung &
Van Meters addition, one lot in Stinson's
addition and one lot in Stinson 6 Ram
sey's subdivision.