Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-04

flat along the extreme front or St. faui, |
but they have walked up to the fact that |
their business will require few hundred
acres of land to each road, and
since they have commenced to
buy some other people have taken hand
in. If one could see 1000 freight cars,
motives all corraled in one yard, they
could perhaps get some idea of how much
land will be required for yard room, shop
room, round houses, car manufactures,
boundaries, rolling mills, etc., etc, to do
tbs business of the great lines centering
here. If tract of land one mile wide,
reaching from Bridge square in st. Paul
to Bridge square in Minneapolis, could be
set aside and held for the ercIusice use
of the railroads, in ten years from now it
would be too small and they would
need more room to handle their business
on. OF course that implies correspond
ing growth in Minneapolis and st. Paul,
and it is not unreasonable to suppose that
all the area within the circle Of the bluffs
viii, within a few years, be occupied with
business blocks. The fine bluffs east and
west of the city. and the magnificent area
of undulating prairie and wooded knobs
lying westerly along Summit and Univer-
sity avenues, and southerly between Sum-
NIT avenue, prolonged to Minneapolis, and
the river, will become a perfect park
of fine residences, threaded and
interlaced with quick transit motor and
street car lines. Every acre between the
two cities is eagerly sought after at some
price, and generally at pretty high prices.
The Summit avenue front clear out to Mac
Alester college property is now held at
price based on its frontage at so much
"per foot" instead of so much ''per acre."
During the week all the lots unsold in Pal
ace addition fronting on the avenue were
bought by one dealer and on the 1st of
March all the lots in the addition were
marked up from $50 to 500 per lot
over preceding prices. There
is great activity ia all the
property between Summit and
University avenues and residence lots that
are held at reasonable figures do not re-
main listed long without finding buyers.
UNION FAIR GROUNDS
have been secured upon the westerly 120
acres OF Syndicate plat No. opposite
K ittsondale and the announcement of the
fact early in the week stimulated the mar
ket in all that territory contiguous to the
site selected. The University avenue front
age from there to its intersection with
Wabashaw street is considered very
| Z
been graded 12O feet wide to city limits,
should now be opened and graded to Min
neapolis the same width. If few thousand
dollars could be expended this spring,
either by the authorities or by tie owners
of property fronting on this beautiful ave-
nue., it could soon be made one of the most
lovely drives in the West.
| BUSINESS PROPERTY
is being secured by the "wise ones" in an
ticipation of coming boom," and sew
eral notable sales have been announced
during the past week. Prices which yea
ago would have sent cold chill through {
real estate Office, don't seem to brighter
any one now.
Jackson street frontage has gone at $40(
and $500 per foot, Robert street frontage
to $500 and $500 per foot. Fourth stree
frontage to $500 and $500, Broadway tt
$500 and $500 per foot, and all bushes:
property from Seven corners to Broadway
and out as far as Ninth street, is now helC
at marked advance over last falls prices
The dead territory lying east of Broadwa.
and between Seventh and the railroad
tracks is waking up, and men who go dow
there to buy from the natives, are aston
!. ished to hear that ''this is business proper
ty," but quickly find that it is held a
b usiness prices"
: Mr.. w. II. Vanderburg, of Minneapolis
! has purchased 150 feet front on Rober
and Sixth street by 100 deep for abou
, $39,5OO, and 5ox1O0 on Fourth street TO
$4,000. 1t is part of what has bee
, known as the "Forbes homestead" MI
, Vanderburg has secured bargain and i
he Immediately improves he will have a.
l unusually profitable investment. During
the week M. NJ. Flint, of Faribault, con
5 tracted for 50x100 feet on Fourth stree
: easterly from the Duluth R. R. headqua1
|
, higher figure by another party for som
5 adjoining property which was declined.
l Ransom has sold about thirty acres ca
!. Mississippi street out in the vicinity of tn
e Rice purchase for $2O,O0O,and number O
contracts for land in that vicinity haV
, been made that have not yet gone on rel
, ord
g About forty acres lying north of LAX
t Como has been sold during the past weel
s it is reported, at about $500 per acre, an
{ Como seems to be a center around whic
g considerable speculation is now revolving
g Col. James II. Davidson on yesterda
{. bought from Eunice B. Bidwell widow {
+ Ira BidwelI the west half of block Il
: West ST. Paul proper, and lots 1, ?, 3 and
e IN block 10 of Roberts & Randalrs additio
r to st. Paul, which is $50 feet front c
Q Jackson street by 21O deep, and this pur
Q chase also included considerable propert
y at Palmyra, Wisconsin. The considerable
n is $55,300. This purchase was mad
d through Hezekiah Hall, agent for Mr.:
9 RI1uaII