St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-08
MINNEAPOLIS REAL ESTATE.
The Market Actire and Beginning 10 Open
Up rSpriuo-W What tie IL. al Estate
Hen aud architects SGu-Tho
We@kfU Resume.

The Marl;et Actire aud Beginning IN Open
Up Tor Spring-Wha te H.. al Estate
Hen aud architects SGu-The
We~hfU Resume.
The past week has with essed decided i'm
provement In the real estate market in Min
neapolis. A trip around among the real
estate men yesterday developed that the
feeling of confidence for ''good Year, is
based upon something more substantial than
! hope. At every Office sales were reported,
AMI slots of Inquiries" There have
been no heavy transactions, save the
/ Beard property deal, but the num-
Der of sales of residence lots
! i. generally reported as quite large. Even
/ those who have the reputation of being
''Oears'' in the market, were compelled to
admit that the prospect is very bright.
For Instance: W. W. Price, with Gale &
Co., said yesterday to GLOBE reporter: 81
| feel very confident concerning real estate in
| Minneapolis this year. We are having a
constant demand for lois of moderate value
by people who intend to improve. Nearly
every sale made thus far Is to some one who
wishes to build. Another thing-very little
property is sold for speculative purposes
| 1t can't be, in fact, for full
values are asked. You may show specula-
| tor lot and tell him its price is $500. He'll
say, Yes, it's worth that, but can't make
| anything on it, The market is certainly
more healtaful in legitimate way than ever
| before. The day of fictitious values is past,
and property sells for what it is worth.''
The real estate people who have Minnesota
and Dakota farm lands on their books also
appear cheerful ami predict the best year
| since 1882. Emigration this year
will be greater than ever before, and the
demand for farms will be correspoudingly
large.
Architects say that residence building will
BE- esp. cialiy lively, and their offices certainly
bear " deuce of the truth of the assertion.
The Window block, the handsome stoue
Structure at the corner of Washington and
First avenue SOUTH is to be doubled in size.
The addition, which will correspond in style
with tie present building, is TO extend back
to the al Y aud will be fitted up into store
| and office rooms. a handsome tower is
also to be- added, which will add greatly to
the appearance of the block. The improve
ment will cost $50, 900.
TIE arrangement of the fifth division of
| Remiu gton park has had q decided tendency
! v.
! The old park plat has been vacated, and the
| land Divided into regular lots aud blocks.
Tue park way, l25 feet wide, is reserved,
aud private driveway is also laid out. Over
| two hundred lots have been already sold in
blocks, and large number separately.
The railroads, notably the Northern Pa
| ciic, are quietly buying up property on the
East side ior right OF way. Tue purpose Is
| aus k,,t
| OF Importance can be looked for.
! Z. NJ. Loriug has il his Ollie u number Of
! pl otngraphs oil Minneapolis in 1857, show.
ing the foun dation for the Nicoet house, the
first saw In Il, aud the old bridge across the
r YER which was washed way. Tuese
pictures are to be framed side By side
with views Of the handsome buildings and
-Ie4t manufactures now occupying the same
sites. more forcib.e method OF liustratiu g
Ia: phenomenal growth of Minneapolis
curing tie past thirty years could hardly be
! conceived.
| The most important sale of last week was
the purchase by Loren Fletcher, A. c. Lorng
and c. NJ. LOriug, of the Beard tenement
| Llo, k, Gel ntr oil Twelfth avenue south aud
! Washington avenue. The building contain s
| ninety tGnenenls and ten stores. The price
was $4,000.
Messrs. Fletcher and Loring have also sold
their M'nnetonka mill property on Mime
haha creek, eight miles west of the city, to
Jos. G. DAVIS aud Wm. Mckenzie for
| $40, 900. This includes the elevator, cooper
shop, etc.
! Two important transfers made February 6
were filed yesterday with the register of
deeds, viz: The sale of lots 2, 8 and east
la If, southwest quarter of section 6, town
| III, range 23, by Lesser Franklin to ?. &.
Lamereaux, Tor sl5, 435. Toe land lies on
Miunetork a lake, in Medina township John
| r. Woleott sold TO Sara1 A. MeGeogh, thirty
two lots in the second division of Prospect
park for $4,000.
The following is record OF the warranty
deeds ned with the register OF deeds during
/ llaf