St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-05
VALUE OF REAL ESTATE
Real Estate in ALI Parts of the City
Firm and More Active
Than Ever.
The Hotel Ryan, and the Erect It
is Producing on Adjacent
Property.
West st. Paul Still in the Front as
a Place for Profitable In
vestment.
The Review.

sion, few days ago, of his new Office In
the chamber of commerce building. on the
corner of Sixth and Robert streets. he was
heard to remark that he regarded himself
as being in the center of the business por-
ton of ST. Paul for the next five years.
Continuing. he said: Il tell YOU this must
be the center for the period L mentioned,
and cannot say how much longer. You
will recognize il, too, when that Robert
street bridge is completed and opened for
travel You will then be compelled 10 say
that Robert street is the most active thor
oughtare i'm st. Paul. This Hotel Ryan is
bound to draw business around il, and make
this great business center ANY one can
see now that this is so and that il was so
from the start. Before il was authorita-
lively given out that the hotel was TO be
located here, and when parties were, from
certain indications, led to believe that this
would be the spot where the hotel would
be placed, you can well remember how they
began TO scramble for locations i'm this Vi
entity. A big livery stable was located on
Robert street just above Seventh. and an
other on Sixth street just below jackson.
and all the property around here was picked
up as rapidly as possible. and by men. too.
who have means enough to improve it and
who intend 10. There is too much money
III IL 10 allow II 10 remain unproductive. In
side OF eighteen months from now YOU will
see the west side OF Robert street built ND
solid from Fifth TO Seventh streets. and the
south side of Sixth. from Robert TO jackson.
viii also be built up. l tell you it Is sure
that this will be the center of business for
the next five years"
Mr.. Fairchild, where will that center
migrate TO after the five years have ex-
| pired?'
well, he said, ''that can't tell. The
city OF st. Paul is growing so rapidly and
IN so many dlrectionsssthat there Is no telling
Where the center of business will go. West
/ ST. Paul is likely To be a very active part of
the city. l look for great things at Mime
/ sofa Transfer. Elements are at work that
are found 10 make that very active center
Tor business. Large interests are being
developed there, and not only at the trans
/ Ter but for miles around. Not less than five
| or SIX quite large towns have been COM
menced out there. Some manufacturing in
| terests have already established themselves
| there and others are 10 follow them. The
| harvester works Is another point where
| there is likely 10 be very active business
! point. Ii Is through that the railroads from
/ the East are TO come, and a good many of
them are coming. too. do not expect 10
see these points bloom into business centers
mediately. 1t may take more than five
! years for them 10 become such, still. as |
said before, in town that is growing with
such rapldity as St Paul is, no man
can tell how soon either of
! the points named NAV start
into the lead. If Jackson street hill should
be cut down SO as to render that street such
thOroughfare as Rice or Mississippi street
is, ii would cause Jackson street to take a
| position. as business street very different
! from that which it now occupies. But.
mark you. for five years this is the spot"
WORK OF THE WEEK.
The week has been a very active one i'm
real estate, and a good deal has changed
hands, while prices have been very
firm and steady, with an inclination to adj
vance. The inquiry seems to have been
well distributed. a great many in
quiries are being daily made. and
they seem To be on the in
crease, too, for residence property. There
is no cessation OF the inquiries for business
property, which is sought for in all parts of
the city alike. As the Fourth of July oc-
CURED last week one day is taken of. so
that there are but five days of business to
record the results of. The business of the
week, however, has been very active in
deed.
WEST ST. PAUL.
The indications are that the ssaats, in
the Sixth ward are 10 assume an imDort-
ance in the future that few now anticipate.
The government has started piece of work
of great magnitude. which when completed
viii, in connection with the work of the
railroads. cause these flats 10 assume an
importance never before dreamed of
by the most sanguine. There is still
great deal of activity i'm this locality.
Of course prices are very firm and are
gradually growing more and more so as the
vast improvements near them are being de-
veloped One prominent West ST. Paul
man remarked day or two ago that he had
40 doubt he should live TO see the day when
large part of that fiat would be covered
with smoke stacks, each one representing
some manufacturing industry The pre-
dlctlon does not seem unreasonable.
EFFECT OF OPENING THE RYAN HOTEL.
The effect of the opening of this immense
hotel is plainly visible. All the time there
is sly, quiet effort being made to pick up
property all around that vicinity for bust:
ness purposes, and the prospects are that
next year very large amount of building
will be done in that vicinity. 1t is Mr..
Ryan's intention 10 build up his Robert and
Seventh street fronts Immediately. Within
twenty days he will commence putting in
the foundations. All the details in regard
TO these structures have not yet been deter
mined upon, but they are under considera-
ton, and will be settled SOON When Mr..
Ryan completes the work he will have
solid block nearly 500 feet on Seventh street
with the whole front on Robert from Sixth
to Seventh. and 225 feet on Sixth street.
LAST WEEKS TRANSFERS.