St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-19
ST. PAUL'S REALTY.
The Increase in Sales Something
Marvellous, Especially in the
Vicinity Of Hamline,
Owing Greatly to the Location of the
Northern Pacific Railroad
Shops at Como.
Lots in Merriam and Union Parks Meeting
With Ready Sales-Transfers for
the Week.


week for many months, and the market gen.
orally has manifested much more activity
than usual. Sales have been large and more
numerous, while the demand has been
greatly increased. The totals of the transfers
do not show any marked increase, but this is
owing to the fact that the sales made during
the period we speak of have not been re-
corded. The transfers certainly have
been very largely increased. This sudden
increase in the nun Der of transfers is due
in considerable degree to the recent an
nouncement made of the determination Of
the st. Paul d Northern Pacific road to pro-
coed at once with the construction of their
shops on the tract of land bought some time
ago by that corporation. There is an i'm
mense amount of secrecy about all these
matters, and also about other large deals in
different parts of the city. No one appears
willing to say a word. The mouths of real
estate men are sealed, and hardly a
word can be obtained from them, while those
who want to buy are equally as quiet and
just as communicative. All appear to be
buying and selling on the sly and there ap-
pears to be general grab for real estate all
around the board
THE ST. PAUL & NORTHERN PACIFIC.
This corporation has finally got down to
business. The plan and description of the
extensive Improvements it intends to put in
on its property out near Como were given in
the GLOBE several days ago and nothing can
be added TO the very full details then
presented to the public. They are to be
upon very extensive scale, and the work
upon them will be hurried forward as fast as
the requirements of the service of the road
and the nature of the circumstances will
allow. The road has advertised for propos-
ais for grading for a site for the shops and
the spur track from the shops to the track
of the st. Paul & Manitoba track. The time
for the-bids expire tomorrow, and the award
of the contracts will be made as soon as the
bids can be scheduled and sent to
the executive officers of the company
at New York. 1t is expected that
active operations will be commenced within
ten days from date.
Mr.. Edward D. Adams vice president of
the company, who has been out here in Min
on Friday last. While out here In the north
west Mr.. Adams made tour over the COM
pany's road, and also examined the terminal
facilities and properties in st. Paul, and was
very much gratifed at them. Comptroller
Postlethwait and Chief Engineer Kendrick
accompanied him on the trip.
HAMLINE UNIVERSITY
n ~ hot &c
ana appears to be the most sought after, is
that out in the vicinity of Hamline university.
This property, like ali the rest that lies be-
tween the two cities, has been gradully COM
ing up in importance for some time, but
now it has received sudden and marked
impetus from the location OF the st. Paul
~ Northern Pacific shops so near 10 it. The
demand for property all around this locality
has increased very rapidly within a very
short time. The principle inquiry
for the past week has been
for this property and considerable
has changed hands and at very fair prices
too. Forty acres were sold In Gilbert's adj
dition for $40, 900, but it is a secret to whom
it was sold. Four blocks in Hersey IL Wool
sey's addition, blocks 10, II, ~ and Is. were
recently sold for SOS, 200. Besides these
sales, others have heeu made all around in
the vicinity spoken of, and a good many
buyers are still looking around to find some
thing for sale within reach of these great
improvements.
MINNESOTA TRANSFER.
Property all around the transfer has been
in demand for long time, and is in still
more demand now as it is reported that
valuable improvements are going in there.
1t is now reported that parties
with large means and frst-class ability have
organized to establish mandatory at the
transfer that will develop that point into
bic institution. They propose to go into the
manufacture Of feed, sash, doors and blinds
and ultimately harvesting machines. This
point-the trausfer-oceupies a very com
handing position in business point Of
view and has all the natural elements of
making a nucleus for a great business local
ity. 1t lies midway between the two cities.
and also is in the middle of that tract of
land between the Milwaukee dE st. Paul and
the st. Paul 81 Mauitoba road. It cannot
fail to attract to it the attention of the capt.
talists and business men generally.
MERRIAM PARK
This is another desirable location but II is
desirable for a very different reason and
purpose. It is now and always will be held
for residence property. A large amount Of
money has already been put upon it, and
some of the handsomest dwelling houses
tLat can be found in St Paul can be seen
here. Probably not less than fifty or sixty
houses have been erected there. not one of
which cost less than s., 500 and from that
they run up to 81 zoo. There is soon to be
bulls large and handsome school house on
some desirable location in the park.
UNION PARK
This beautiful location is known to all peo
PIE. This park lies on the north side of the
Milwaukee 81 st. Paul short line opposite
Merriam park. 1t has been only recently
plated and laid out, but its disturbances is
plainly to be seen. 1t is charming spot
with plenty of shade trees About twenty
five or thirty lots have been sold in this park,
aud thu applications for them are SIN I'M
abated. y certain number of lots has been
held from the market by the owner and win
probably be kept out for some time. The
lets in this park cost from 1913 to S775, and
ali arc very eligible and attractive.
MISCELLANEOUS.
The additions to St Joseph's academy are
expected to be ready for occupancy some
time in November. They viii cost about
S1,50O. These Improvements have already
to,,,