St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-11-14

ES7le past week has been one OF much
activity in real estate matters, and transac-
lions have been very heavy ID all directions
During this period there seems to nave oeeh
no partiality, but purchasers nave gone
everywhere, and trade has accordingly Deen
pretty evenly distributed all through the
city and in regard to all kinds OF property
Whatever preference has been shown mas
been somewhat in favor of business and
residence lots. though acre property has
not, by any means. been neglected.
ST. ANTHONY HILL.
The principal and most striking feature
of the market has been noticed on st.
Anthony hill. One noticeable popularity
of this elevated part of the city is that 1t IS
so singularly situated that it will naturally
always remain residence property. Ii Is SO
high that it will in the main be
free from the annoyance of heavy
teams and the disturbance of the hustle
and hubbub of business. There is a general
dissemination to build up and beautify
houses. if it is evident that sooner or later
they will be torn away and made to give
place to business houses and be subject 10
the turmoil of general traffic The cOnse
Quence is that without any special effort on
the part of the citizens on the hill, or the
city authorities St. Anthony hill will nat
urailv, for the most part remain as 1t now
is, residence property. This therefore,
places that locality wholly within the power
of the present and future residents and
owners of property there to make OF 1t just
what they see fit. Since the asphalt pave
ment on Summit avenue was laid, few
weeks ago, considerable interest has
been manifested by people living on
the other avenues and streets In
regard to the matter of paving other
streets, and in some cases people
can hardly wait for spring to arrive. but on
the contrary. want the pavementS to go
down at once. The effect upon the minds
OF people made by this Summit avenue
pavement has been electrical Everybody
admits at once its beauty, superiority ana
the marked enhancement OF the value OF
realty on that avenue. There is not, in all
probability, resident upon any one OF the
many beautiful avenues upon that elevation
but that appreciates the Importance ana
necessity of paving all the avenues and
streets all over the hill, except on those
thorOughfares where the horse cars or motor
line NAV go hereafter. In regard to such
the feeling is that it is better to wait little
until these public cOnvenienceS are perma-
nently located. With regard to all
others the desire is unmistakable
md very general to have the pave
nent as soon as possible. Everybody sees
hat property is greatly enhanced III value
Il along the avenue as soon as the pave
tent is completed. 1t is not difficult to
.0retell the result. Paving will be very
general on the hill. The owners OF prop
ertv on the various streets and avenues III
that region cannot afford to be without the
Improvement for the simple reason that II
will not pay. Their neighborS' property,
otherwise Of the same value, on paved
street. is worth more money than theirs Is
Oh all unimprOved thOroughfare. The paw
ing of Summit has caused the formation,
on many streets and avenues. of street nm
prOYement associations, whose special duty
il is TO look after the paving business.
Portland, Holly, Western and other ave
nues have each one of these associations.
with committees appointed to secure the
signatures of a majority of property owners
on the street asking for a pavement to be
laid. These associations are hold
ing frequent meetings with a
view to hurrying the pavement
along as fast as possible. All
are anxious to have everything arranged
for this winter 50 that all the prellmlna-
ries may be completed ready to commence
work as soon as the spring opens, to the
end that the pavement may be put down
just as quickly as possible.
Summit avenue has opened the eyes of
investors as to what asphalt can do for
residence avenue. The mere talk OF as
Dhalt on DAYTON avenue has made a ready
sale for everything on this street that is
offered. Most OF the property has been
withdrawn from the market or advanced IN
price from % to so per cent. Lots on grade
as far out as Victoria street are considered
cheap by the knowing ones at from 500 10
$50 a front foot. 1t is propheSed that by
spring nothing inside Of Victoria street will
be for sale at less than 500 per foot 'front.'
HEAVY INVESTORS
and men of large means are beginning to
recognize more and more fully that the
price of first-class business property in st.
Paul is entirely out of proportion to the size
and rapid growth of the city and the intrn-
sive value OF such property. Some streets
that are good business streets now. and are
destined TO be the very best for retail pur-
noses. are almost utterly neglected by real
estate speculatOrs. Perhaps this is the
reason that ind viduals and corporations
wanting a fine business site to build upon
are selecting these streets. The architects
OF ST. Paul are drawing plans for more
business blocks at present than AT any pre-
vious time. HodgsOn & Stern are at work
on the plans for a 100000 building
to be erected next spring on the northeast
corner of Tenth and St. Peter streets.
McClung. McMurTan IL Co, who are now
building fine block on the southeast cor
ner OF these streets, are also the projectors
of the block on the north side of Tenth
street. Mr. George w. Hayes has pur-
chased and will build in the spring hand
some little block on the corner OF Exchange
and Ninth streets. One block east, on the
corner of Exchange and st. Peter. DR.. ID.
n. Hand will erect, in the most apprO-
priate type. a handsome three-story build
ING. s5X9O feet. This will be one of the
finest uptown blocks in the city. Another
onera house rumOr is started IN this locality.
1t is said that a syndicate, VIII ch purchased
some time ago a $50 foot corner on St.
PETER street. has been offered a handsome
advance for the property and refused it,
giving as a reason for rejecting what
seemed so good an offer that the finest
onera house III the Northwest would be
bnilt mon the corner. So many rumOrs
of this kind have been atioat that one
handy knows whether to credit this or not.
If is certainly true that st. Peter street.
being one Of the principal drive-ways to
St Anthony hill. would be the most eligi-
HE location in the city for such an enter
prise.
THE ONTARIO PLAN.
The asphalt pavement is very costly.
This causes some men to stop and think.
Still they all feel that it must be had al
come rate. In order to relieve themselves,
tn some extent at least, from the expense
Of street improvements generally, thai
IThich is known as the Ontario plan" has
been talked over quite freely and is generally
received with favor. The principal idea OF
this plan is to distribute the cost Of the i'm
movement over series OF years, so thai