St. Paul daily globe., 1885-07-19
REAL ESTATE RISING.
The Heated Season Has No Effect on the
Market--The Demand
Still Good.
The Wonderful Growth and Steady I'm
provement of East and West
Seventh Street.
Rents in Good Demand and Few Va
cant stores. with Prices
Very Firm.
Some West st. Paul Property Out OF
rket--Expectations of
Better Prices.
The Review.

A good deal of surprise is caused by the
way in which business in real estate keeps
Up during this month which is one of the
lulest of the year, and dealers themselves
are compelled to admit that il is something
unusual. Heretofore during the hot weather
Of July and August there has been very
perceptible Stacking up of demand for real
property, but this season, thus far, seems 10
be decided and unexpected departure from
this rule. During the past week the IN
Quiry for real estate of all varieties mas Deen |
nearly as active as it was during any week
since the spring opened. Inquiry seems
to be pretty evenly distributed, and all
kinds Of realty are receiving due attention
with a slight advantage in favor OF business
and residence property. The call fer busi-
ness property has never been so great as il
is now. and one peculiarly about this is the
fact that the demand is for business lots in
all parts of the city This is one decided
and unmstakable indication that the whole
city is widening and stretching ont in all
directions. In the whole city of st. Paul
to-day there is scarcely a vacant store that
has remained so for any great length OF
time. Some one seems always to be ready
to take any vacant place that may be found.
Seventh street seems to be remarkable
street in this respect. 1t is probably a cor
whole length Of that street, extending over
many miles there is not one vacant busi-
ness building. Possibly, on the
extreme ends of the street, and near
Fort Smelling, or two or three miles
out beyond the harvester works some Va
cant building might be found, but from
Trout brook to Ramsey street and even be
yOnd, there is nothing as big as dry goods
box that is not occupied by some one that
has something TO sell.
THE SECOND WARD.
That part of the Second ward between
Wabasha, jackson. Third and Seventh
streets is receiving good healthy stirring
up. For twenty years this part of the city
has been somnolent, and though nearly
every other part of the city has been grow
ing andkbuilding up. this little spot, though
III the very heart of the city, and the busi-
ness portion of il at that, has been utterly
Iifeless. For many years hardly building
of any value was erected within this
limit. 1t was kept open for the
cow and hay market, and then for
years the cOuntrymen with their loads of
hay. with their horses and COWS hitched to
the same. could be seen day after day stand
ing around Cedar, Minnesota, Fourth and
Fifth streets, and occasionally encrOaching
upon Sixth and Seventh. No buildings
were for years erected within that district.
The COW and the OK stood in the streets and
chewed the cud in the most rural quietude.
while their owner leaned against the dilap-
idated board fence, laZily. and carelcssly
Swapping his whip and patiently waiting for
some one to buy his hay and COWS. 1t was
not very thrifty period for this Sleepy
Hollow part of town. The growth Of the
city and the demands of business have,
for the last few years, made
some difference in regard to this
locality. Large business blocks have been
erected on Fourth. Fifth. Sixth and Sew
enth streets. which have drawn attention
to that locality and caused property to
greatly appreciate in value. Both sides Of
Seventh street are building mp very rapidly
indeed with four and iiye-story blocks, and
business is fast gravitating toward that part
Of the city.
WEST ST. PAUL.
There is not quite so much excitement
now in regard to real property in the Sixth
ward as there was few weeks ago, but
this is not due to any decrease in the value
and importance Of the property itself. ol
because of any diminution in the desire to
secure real estate there. The sud
den and great rise in the
value of real property in West
st. Paul naturally has tendency to check
sales Again, a considerable portion of the
property over there has been withdrawn
from the market. the holders thereof think
ing it good enough property to keep for {
while longer They see indications OF
other great public improvements that are tC
come that way, and they are of the opinion
that thev can better afford to hold their lot.
there than to put them on the market now.
Those persons referred to are among the
i'm
have been the most successful operators il
real estate. While, however, there is no
as much talk or as much excitement about
West st. Paul property, the demand is
active and strong and the buyer can get NJ
special favOrs from the seller. The lattel
is one of the most independent individual,
in the world. He knows he is possessed oi
something that is needed, and that it is only
question of a short time when the buyel
will have to pay the price.
SEVENTH STREET.
The rapidity with which this great thor
oughfare has come into favor is perfectly
natural. 1t runs the whole length of tht
city, and receives into its embrace from
both ends the products of the farms in thu
rural districts. The eastern end is remark
able in this respect. 4 large, rich, well
titled agricultural country lies all around OF
both sides Of the great street, and as SOOI
as the teams reach Seventh they begin t
dispose of their farm products. The For
Smelling end is very much the same, an'
though, like that part of the SeconC
ward above described, it has beer
for a great many years neglected
it now begins to show what it is and wha
it is likely to be. Far away, up abov
where the short line crosses the street. ar
large, substantial brick blocks. and from
there down these buildings increase in mum
ber, so that for many miles through tn
city this main artery runs, full OF life
hustle and business. The upper portion O
this street is very fortunate in having o
both sides Of it ineXhauStible QuarreS O
blue limestone, so that all the building ma
terial required is close at hand, and all tina
is needed is to blast it out. The stone i
these quarrieS is not surpassed by that {
any other quarry of similar stone, and ther
is millions in it, The recent sale of
considerable amount of property by Nj
Stinson near the short line crossing, pa
of which was used for the base ball grounds
viii have an immediate tendency TO bull
up that part of the street. One object ha
in view in making tne safe was to Civ
parties i'll that vicinity an opportunity I
buy lots and build residences. The ageI
for MI Stinson and the people could II,
agree on the price, and so they reSorted
all auction sale. The prices brought we
very good, and a great many who bOugl
are now building residences.
SUMMIT AVENUE BOULEVARD"
At the last regular meeting of the eli
council, Aid Long submitted a petite
from the owners of property along this av
nue. asking the council to accept deeds for
2O0-fOot avenue. commencing at LexingtC