St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-11-28
ST. PAUL REAL ESTATE.
Notwithstanding the Storm and Thanks
giving, Transactions During the
Week Are Large.
st. Peter Street and Property Below
Seventh and Broadway Look
ing Up.
Large Amount of Building at Mer>-
Ram Park Extensive Prepara-
lions at the Transfer.
West st. Paul, Dayton's Bluff and
Hamline Property in Very
Active Request.

ITO exceedingly IOu9u SCOTiH VIII us
! continuance of snow drifts and obstructed
street car lines has inipeded somewhat the
traffic i'll realty. 1t has not, however,
cooled the ardor of those who desire to in
vest III something that will advance between
now and February or March. There are
some people who have stood aloof for two
or three years past on account of their over
caution. They are continually asserting
that there is too much land plated; that
prices are too high; that drop would come
soon. These cautious individuals have lost
nothing and have made nothing. Others,
who have all the time had faith In the
future of st. Paul and have gone in and
bought, have made money in every instance,
The comparisons that have been in
stituted between present prices in this
city and other cities has shown that we
are still very low on realty. or that the
other cities are very high. This is espec-
tally so with reference to the lots in st.
Paul proper, in Robert & Randall's addl-
ton, in Kittson's addition and on st. Peter
street. the latter particularly. Broadway,
geographically, is about the center of the
city, and yet east of it no property has been
sold to speak of, and many owners regarded
street has been for years regarded practi-
cally as the eastern boundary of business,
except in wholesale lines. The shrewd in
vestors are beginning to realize the mistake
heretofore made, and unless all signs fail
there will soon be a great deal of activity
to secure all frontageS, that can properly be
termed business property, to be had at less
than $500 per foot.
SOMETHING ABOUT PARKS.
The discussion of state park about Min
| nehaha falls and embracing few hundred
acres on the Ramsey county side. with a
fine bridge across the river, has stimulated
great activity in Reserve town property
Private parks are also being planned and
this promises to be a very active field Of
operation during the winter. The state
legislature will soon convene, and when the
state park commissioners submit their re-
port there will be furry, such as has not
been witnessed since the day that the opera
lions of the Northern Pacific out on Missis-
sippi street became public. But few peO-
pie, except the real estate agents and few
old settlers in Reserve town, seem TO realize
what great natural advantages are possessed
by the lands lying between St. Clair street
and the Mississippi river. 1t is natures
beauty spot between the two great cities
and will some day be appreciated at its true
value.
The question now most frequently asked
among agents and dealers is, What is the
outlook for winter business and spring
trader" There is put one answer, and thai
is. emphatcally, Good" The return of
solid business prosperity to the country and
the restoration of confidence makes it certain
that next year will show more growth and
greater activity than has ever been wit
messed. The fact that thousands of tons OF
ore are on the docks already at Duluth. that
all the elevators are loaded to bursting with
grain, assures return cargOeS to every vessel
that can reach that harbor next season.
This will induce unusually low rates on
west-bound freights, and merchants will get
their stocks next summer at lower freight
charges than the merchants at Chicago.
The fact that the mines and the grail trade
will furnish sure cargOes for all vessels
reaching the west end of Lake Superior
during the season of navigation is going to
give immense advantage to the CONNER.
cial interests of st. Paul. and result
in developments as yet hardly dreamed
of. This means wholesale houses, more
employees, more factories, more men at
work. more homes, and city the future Of
which is comprehended by but few. AS
marvellous as has been the past, the future
will far outstrip it, unless some sweeping
calamity should paralyze the whole country.
1t looks now as though the outside world
was realizing st. PauPs vast advantages
more rapidly than are the city's own people.
The result is that they are coming them
selves or sending their money to be invested
here. regarding the property for sale In thu
city as presenting better chances to get re
turns from than the property of any othel
city on the continent.
ST. PETER STREET.
Next to the lower part Of the Second
ward, between Seventh, Third, Wabasha
and JockSon, that beautiful, high, level
plateau, between Wabash and upper Third
Streets has been for years the most neg
lected of any in town. Like the lower part OF
the Second ward. it has been only within
the last few years that there has been much
building in that district, Notwithstanding
the fact that it possesses all the elements
that would naturally draw attention to it
and render it desirable. 1t is, as before
remarked. high and level. and is at the
same time near enough TO the
business center for business. OF
late years it has naturally and
rapidly grown in public estl-
nation and now stands in the list Of the
most desirable city property. The force
with which attention is now directed to it
indicates that it has future before it that
will be equalled by very few OTHER locations
in the city. Within year OF two the cor
ners Of st. Peter, Washington and Seventh
streets have come to be quite an active bust
ness center, while Seventh street property
from Wabasha to the Seven corners, in the
same period. has been industriOuSly sought
after. and several parties have bought lots !.
along that thoroughfare and will soon erect
thereon large and valuable business blocks.
On st. Peter street, however. there seems
to be an activity and inquiry which indi-
Gates that something is in progress in that
direction of which the general public has
no knowledge. A large number of lots
have been sold there recently to parties who
have in mind business enterprises of great
importance. These purchasers are active.
shrewd, experienced business men who
recognize st. Peter street as a very i'm
pOrtant natural business thoroughfare, and
have determined to improve it rapidly. 1t
is undoubtedly one of the best business
streets in st. Paul, and from Seventh and
Washington streets leads out into the
northwest part of the city, where there is
large and wealthy population, which finds
its natural route into the city through this
important street. This is one OF the great
streets of the city where property is still
held comparatively cheap, and which. in
the ordinary course of events, is destined to
rapidly appreciate in value.
Miscellaneous.
The ]. P. Gribben Lumber company. that
owns large tract of land on Seventh street
at Post Siding. which has been heretofore
utilized for a lumber yard. have found that
the Seventh street front is too valuable to be
held for that purpose. The company Will