St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-13
REAL ESTATE.
The Week Shows Decided I'M
prOyement. Several Large
Transactions Re-
corded.
Eastern Capital Coming in Freely and
More Large Blocks Of
Buildings Started.

Central into West st. Paul. A considerable
number of capitalists from the east have been
in the city during the week, all engaged in
looking for property to buy on such terms as
should be deemed desirable. Some tran sac
tons of considerable amount have trans
PRED, both in the heart of the city and on
the outskirts, and a number of others
are pending which, beyond doubt,
will soon come to satisfactory
conclusion It is more than ever evident
this spring that eastern capital rather than
remain in the east at and 5 per cent, is
making its way to the west and seeking in
vestment here in st. Paul. where the pros
poets Of an advance are certain, and where,
in the meantime, the investment will bring
in good interest. 1t is evident that the city
has outgrown its pioneer days, and that it
has entered upon a broader and more ex-
tended field, and that it to-day presents to the
world greater inducements for the invest
ment of capital than any other city in the
northwest. Its power and influence are felt
everywhere. Its business is exten ding wider
and wider, and as each year adds to its popu-
lation, this business multiplies itself in a
very rapid manner. The following are some
of the
LARGER SALES AND IMPROVEMENTS.
Mr. H. S. Fairchild has sold to J. L. Low
ering sixteen lots In Fairchild's rearrange-
ment of Cruikshank's garden lots, the price
being $4,000.
Mr.. j. L. Lowering has also purchased
from G. E. Deckerman eighteen acres On st.
Anthony avenue, near Merriam park, for
which he paid $4,000. At one time Mr..
Lowering intended to plat this and put it
into the market, but he has finally concluded
to adorn and beautify it during the next few
years by tree planting, grading, etc.
a new block of brick stores are to be
erected on upper Third street, running
through to Sixth street.
Mr.. G. d. Gilfillan has commenced ex
cavat ng for a block ofseven three story brick
houses at the corner of Tenth and Locust
streets and running through from Tenth to
Grove. This block will cost probably not less
than $40, 900 and very likely more than that
amount.
Mr.. f. A. Wellstach, of Lafayette, Indiana,
is to commence Immediately the erection, on
Cortland avenue, just beyond Oakland ceme-
terry, $4,000 residence.
r. n. McLaren is to build a brick tene-
ment on the northeast corner of Third street
and Pleasant avenue, to cost $4,000.
Col. A. R. Kiefer has sold lots 1, 2, and
4, block IS, Lyman Dayton's addition, on
the corner of Fifth and Maria avenue, as
guardian of the Zrkelbach estate, for 50, $50.
Rudolph Schiffmann has sold to Albert s.
Schaffer block 10, Lyman Dayton's addition,
for $4,000.
Mathew Taylor has sold to the Taylor-Craig
company, lot 9, block 5, Rice & Irvine's adj
dition, for S29, 600
B. F. Sherman is rapidly putting in the
foundations for his new block, on the corner
Wabashaw and Ninth streets. This block
will be five stories, of brick and stone, and
will cost something over $40, 900.
Mr.. j. Geiselman, of Wilkesbarre, Pa, a
very wealthy gentleman, has come to st.
Paul to reside and during the past week has
made two good sized purchases of real estate,
both of which will be improved at once. He
purchased from Vim. H. Davidson lot 10,
block 20, Robert and Randall's addition, the
same being located on the north side of Sew
enth street, between Cedar and Minnesota
streets. The lot is so feet on Seventh with
depth Of 116 feet. The price paid is S25, 900
or $500 per front foot This was a purely
cash transaction. Mr.. Geiselman will erect
upon this lot four story brick block of
stone, costing between $50, 900 and $50, 600.
Mr.. Geiselman also purchased of D. S. B.
Johnson 100 feet fronting on Dayton avenue
and running through to Nelson avenue, be-
tween Josette street and Harrington avenue.
For this he paid $4,000 cash. Mr.. Geisel-
man will erect upon this a handsome resi-
dence the cost of which has not yet been de-
termined upon.
E. G. Rogers conveyed to John Heber lot
A. block 36, Kittson's addition, for 81 1000.
j. L. Lowering has purchased of H. s.
Fairchild half block of lots near the pillow
works on Ross street. Price not named.
John A. Strehline, who owns the southeast
corner of Dayton and Western avenues, with
eighty feet front on Western avenue,
is about to erect block on
that corner to be four stories
high, the upper story to- be fitted up in
suitable manner for Masonic hall. There
is a lodge of Masons in that part of the city,
numbering about so members. The lower
part of the building will be occupied by
Ware q Malcolm.
P. S. Harris has commenced excavating
on the northeast corner of jackson and
Eighth street for four story brick block, to
cost between $4,000 and $40, 1000.
The work on the improvements to be
made in the old Opera house building is still
progressing. The stone building adjoining
has been wholly torn down and such por-
tons of the old Opera house as must come
out are being rapidly displaced, and soon
the whole front of the building will come
out
The old Brewster boarding house on the
corner of Robert and Sixth street is being
removed to make room for the new cham
Der of commerce building.
AN ENCOURAGING FEATURE.
One of the most encouraging features of
the real estate trade of the city is the fact
that there is large amount of eastern cap
ital being invested. Messrs. Fairchild and
Davidson inform us that their office has been
thronged with parties from the eastern states
for days past Mr.. Geiselman, to whom they
sold a lot on Seventh street for S25, 100, is
the advance guard of number of capitalists
from his former home. st. Paul will give all
such gentlemen a cordial welcome, and we
can cheerfully recommend them all to deal
with the same firm that sold to their friend
Through the courtesy of W. H. Cashier,
architect, the GLOBE learns of the following
improvements and new buildings of which
that gentle is architect which are now in pro-
cess of erection in different portions of the
city. The outlook for building the coming
season is extremely good, and sum very
much in excess of that of last year will be
expended in that direction this. Among the
memoranda furnished by Mr.. Cashier are
the following buildings:
A three story double store of brick with
tenements above furnished with all the
modern conveniences, and owned by
Peter Sehliemann, which will cost when
completed $4,000. The third floor of
this block has glass floors in all
halls and corridors and glass partitions in
many of the rooms on the second floor, rem
dering it as light as the outside world. Its
location will be at the corner of Canada and