St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-03
ST. PAUL REAL ESTATE.
Transactions in Realty During the Week
Show the Market to be Steady
and Strong.
Property Sought For in All Parts of the
City, and Sales Continue NJ
mer0uS.
Realty Selling Very Rapidly In West
st. Paul and in the Midway
District.
Business and Residence Property
Take the Lead and command
Good Prices.
ST. PAUL REAL ESTATE.
The Review.

The Review.
During the past week there has been {
steady demand for all descriptions of goo(
properties, while the market has been firm
strong and somewhat more active than i
was during the preceding week. There
seems to be a steady improvement in thu
business of buying and selling real estate
but outside of this. and apparently indie
pendent OF the general market, there is g
movement that is partly speculative. This
movement has manifested itself in Reserve
town, out on st. Anthony hill. near Como
and also in the vicinity of Phalen. Quite
large purchases have been made at these
and other points in anticipation of the
or other expected advantage. Gen
orally speaking, though, the real
estate market is not characterized or &C
companied with any undue excitement,
sales are more numerous and the demand a
good deal larger than usual at this time OF
the year. with a very steady market. There
is continued and very persistent demand
for building purposes in almost every
direction from the center Of the city. Those
who have adopted the plan of building
moderately expensive dwelling houses for
sale, report that such properties have found
ready sale. Some dealers in real estate.
who for long time have made speciality
OF opening subdivisions, have recently
complained that the prices of acres in de-
slrable localities have advanced so much
that they could no longer deal in that way
without raising the prices of lots. To
most people this would be regarded as a
favorable sign for the good of the
general public, as indicating general
increase in the wealth Of the city and coun-
try. The demand for acres in desirable
localities is undated, and generally speak
ing, it is for immediate use and not fol
speculative purposes. Acre property in
Reserve town, near Como or Phalen. and in
fact all around the city. is firmly held at
advanced prices. The example set by the
st. Paul q Northern Pacific road in locat-
ing depOtS along the line of its road be-
tween the two cities is being followed by
all the other roads, so that as the interven-
ing territory, know as the Midway district,
is gradually filled up with dwellings and
business institutions, the lines of these
roads will be strung with thriving and ac-
tive villages, which will find their nucleus
around these station houses. The Manitoba
road has just
LET A CONTRACT FOR
the construction of handsome Seven-thou-
Sand-doliar brick station house at Hamline
This being the general situation in regard
to real estate upon the outskirts of the city.
almost the same can be said about that class
OF property that is usually considered as
business property, located in the center OF
the city, or wherever else it may be found
along our business streets, as in the case of
Seventh street, from Fort Smelling to the
eastern boundary of the city, distance of
from eight to ten miles. This class of
property within The last few years has adj
Vanced SO rapidly in value as to surprise
the most sanguine. The inquiry for this
kind of holdings is very active, and while
it extends to all parts Of the city.
generally speaking. the most active efforts
to secure it are made in the lower part of
the First, Second and Fifth wards Here
is where the heaviest business OF the city is
at present transacted. Much effort is being
made to pick up choice pieces here and out
on Seventh street, both in the east and
west part Of the city. Business of a very
general and mixed character is centerng
around the harvester works. East st. Paul
and Posts siding, so that this part of the
| city is assuming more importance than
heretofore. The business property in that
locality is feeling the effect Of this and
prices are firm and advancing. This is but
a single part Of the city. 1t is precisely the
same out Rice street. University avenue and
West Seventh street. The call for this kind
of property is vigorous one, and is created
simply by the very rapid filling up of those
sections Of town. For general miscella-
| neous demand of real estate the probability
is that West st. Paul shows rather the most
| activity. The inquiry is very vigorous in
deed, and large quantities of business and
residence properties are continually chang
| ing hands. The valuable Improvements
that are being made there are having their
natural influence, and the consequence is
that the market is specially active in that
locality. The Union
STOCK YARD COMPANY,
in South st. Paul, its hurrying forward
it's vast improvements as fast as it is pos
slble to get out the plans and put up the
buildings OF course, these improvements,
which are on such large
scale. serve to greatly stimulate
the real estate market. The first section
of the immense feeding barn has been fin
ished, and work on the other two sections
will be hurried forward as rapidly as posi-
BILE. When completed this building will be
60Ox350 feet capable OF feeding 5000 head
of cattle. The piers are now being built
for a grain elevator of the capacity of
SO, 600 bushels. The bricks for Fowler &
Bros Strengthening and packing houses are
being hauled. On Friday last the contract
was let to Hennessey Bros, Agnew & Cox
for the construction of two ice houses, with
capacity of $4,000 tons each, to cost
$50. 900. The contract has also been
let for the Exchange building, for which
the stone work in the foundation will
cost $50, ZOO. The contracts for the
foundations of the packing houses
will be let probably this week
and work on them will be commenced
at once and continued as long as the
weather will permit. The contract for the
| three main sewers has been let to S. P. Fol
som, Jr., and large gangs OF men are at
work on them. An immense amount OF
| filling is being done down there. which will
| cost III the aggregate something over $500,
| OO0 The Minnesota d Northwestern road
| is removing its temporary switches, and is
| putting in a permanent levee and transfer
| track 1t is the intention of the road to
| put in suitable landing, sloping to the
waters edge, and completely rip-rap the
same 1t is expected that by next week over
eight hundred men will be at work there.
| The parties who have the contract for grad
ing are erecting large boarding sheds, and
propose to work through the winter. AL
together, South St. Paul is an exceedingly
active place, and promises to be more so in
the future. There is steady demand fol-
property all through the Midway district.
Nothing seems capable ofstoppingt his, and
prices out there are steady and firm. In ev-
cry direction there is healthy. steady
market, in which sellers can afford to be as
independent as buyers.
miscellaneous.
The Carson place. 250 feet front on Summit
avenue, and 900 feet dee p, has been sold to
| syndicate composed of eight persons. The
| price paid was $4,000, one-fourth cash. 1t
| is to be plated in three sections, with three