St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-09-19
ST. PAUL REAL ESTATE.
ST. PAUL REAL ESTATE.
No Important Changes Have Occurred in
the Market During the Past
Week.
Realty is Very Firm and Daily Growing
More So, While Prices Remain
Steady.
A Gen oral Desire Exists to Invest In
Business Property All Along
the Line.
The Robert Street Bridge Expected to
Have Great Influence on Rob-
ert Street.
Weekly Review,

There was very little change in the con-
dition of the real estate market last week.
Prices have continued to steadily grow
firmer, while the demand has improved
with each day. The call for nearly all
kinds of property has been good and prep
aratiOnS for much activity later in the fall
were made. Several very important deals,
which have not yet reached point where
they can be reported, are under negotiation.
At one time, early in the spring. when the
demand for business property was quite
active, it was thought by many
that that kind of real estate would be given
rest for while. This expectation has
not been realized. Instead of there being
any decrease in the demand for this class of
holdings, the demand has been continually
growing more urgent and is stronger at
the present time and more general than it
has ever been in the history of the city.
We have on more than one occasion called
attention to the fact that all through the
business district, from Seven corners to Day
toms bluff, south of the bluffs on the north
there has been an active demand for real
property. Considerable quantities of this
property have been bought up, and during
the past season many business blocks have
been built thereon, especially ON Seventh,
Minnesota, and Fifth and Sixth streets.
The demand for that class is on the in
crease, and will SO continue from this time
on. The business center. as above out
lined, is daily being decreased and en-
croached upon. There is no
doubt that the trade in these
properties will continue to be quite active.
New business enterprises are constantly
being started, and they must have room in
the business part of the city. All these
trades are made at clean and satisfactory
advance on previous prices. Itwas noticed
during the week that there was an in
creased inquiry for acres. This could have
been discovered by the daily published re-
ports of the sales, which show several
large tracts of land sold in different parts
of the city. There are capitalists
now in the city from the outside
view of buying simply on an expectation
that the city will grow rapidly and that the
land will be wanted for some use before
many months or years. During the week
gentleman from Boston, who was looking
over the inducements to buy out West, and
who had been in number Of Western
cities. concluded when he reached Omaha,
that he had found the spot in which to in
vest money, and wrote his friends in the
East to that effect and started for
home. On his way he reached St.
Paul and was surprised at its
business and wealth. He looked the
city over, drove over it and inquired about
business. The result is that he immedi-
ately wrote to his Eastern friends and told
them that he would withdraw what he rec
commended IN regard to Omaha. and in its
place desired to substitute ST. Paul for
great variety of reasons, but especially for
the reason that it is the most active and
vigorous business location that he had seen
anywhere in the West. He Immediately
invested very
LARGE AMOUNT OF MONEY
in real property here, and will return here
with his Eastern friends in month OF so,
when they will invest very largely in st.
Paul real estate. 1t is apparent to all that
know anything about real estate that the
fall trade is to be very heavy indeed prob
ably the heaviest we have ever had at the
same season. While the strongest and
most persistent inquiry is for business prop
erty, all other descriptions are receiving
due attention in every part of the city.
While the market is not feveriSh or excited
it is very strong indeed and full of vigor.
Several small sales have been made on ST.
Anthony hill, principally OF residence lots,
and the inquiry for lots in easy reach of the
new cable line are much sought after by
parties desiring to build. 1t cannot be put
in operation too soon to please those who
now lose an hour day riding to and from
home on street Car lines. The opening
of the Robert street bridge is looked
forward to as an event of interest not only
to the West side citizens, but to business
houses on Robert street. The tide of
travel that now flows ON Wahasha street
will be divided, and goodly share of it
will flow out upon Robert. The division of
the travel in this way cannot fail to largely
increase the business of Robert street.
Robert street will boom the moment the
bridge is opened, and then the property
owners on Jackson street can have an OPP
portunity of seeing what a difference there
is in business street that has an outlet,
and one that is blocked up at both ends.