St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-05-20
The DEALINGS IN REALTY.
How Fortunes Are Made by Those
Who Have Faith.
HOLES BETTER THAN HILLS.
Some Interesting Facts Showing How
Real Estate Is Built---Market
Notations.

ing facts connected with Minneapolis
real estate, that have occurred the past
eight years, such as filling worthless
holes with equally worthless hills and
converting them. both into valuable
properties. Four years ago Penny 81
Badger, having undaunted faith in the
future of this city, purchased forty
acres on Lyndale avenue just be-
yOnd Central Park, at $4,000 per
acre. A large proportion of it was
covered with stagnant water, an eye
sore to travellers along that highway.
The gentlemen sold several lots on the
higher ground for about enough to pay
for the entire tract, and had the frog
pond left. but they at once began filling
the slough with dirt from the adjacent
hills, and are rapidly converting the en-
tire tract into desirable property which
is worth 500 front foot on the avenue.
The fill up to date aggregates 100000
cubic yards, or hole of eighteen acres
dimensions filled to a depth of eighteen
feet, and in less than five years the
most conservative estimate is that the
property will readily sell for $500 front
foot. Quite spec, isn't it?
Another instance is the old Oswald
farm, now known by the aristocratic
name of "Bryn Maur" addition to Min
OllS. LID WdS oUlu IdOU 1ull
to a syndicate manipulated by Ander-
son, Douglass & Co., for nearly $500, 900.
Quite portion of it was very low and
wet, but with the native shrewdnesS of
the average Minneapolis real estate
dealer, the new pOsSeSsOrS at once per-
fected arrangements to spend couple
hundred thousand dollars and make the
marsh beauty spot, which they are
doing at present.
Take the huge hole that T. B. Walker
bought last season, and for which it is
said he paid the sum of 100000. A few
years ago any one would have refused
the spot as gift. but by the expenditure
Of few thousand dollars Mr.. Walker
will have property that will be worth
five times what 1t cost him.
Where Tom Lowry'S house stands, or
near it, was, less than two years ago,
hole thirty feet deep. but when Mr..
Lowry cut his hill down he not only
filled that hole, but large tract of ad-
joining property, thereby making it at
once desirable and valuable.
Looking at Minneapolis to-day, with
its established prestige, its transporta-
ton facilities, its manufacturing ad-
vantageS and the practically undevel-
Oped great Northwest behind it, one
concludes that he who had faith in the
city ten years ago should have hun
bred times more faith now.
MUTATIONS.
Work on the foundation of the Guar
antee Loan company's building will
commence tomorrow, and the stone
will be granite. When completed this
building will be the largest single
structure west of Chicago.
II. G. Harrison will soon erect a mann
moth structure for the wholesale dry
upn1S firm of Ml11in a
the particulars of which are in the
archi tect's possession and not ready for
publication.
Jacob Barge has leased his property
on the corner of Seventh street and
Hennepin avenue for 100 years to par
ties who will at once erect a fOur-StOry
brick block 100X165 feet. Mr.. Barge has
also purchased his partners interest in
the block corner of Washington avenue
and First avenue south for $4,000, thus
becoming sole owner of the property.
He is also expanding large sum Of
money identifying his park at Medicine
Lake, which is becoming a favorite
resort.
o. C. Kneale has acquired possession
of a tOWnSlte just north of New Rich
mond, Wis, that has a grand water
power fully developed, and he has
plated his property and is Offering
special inducements for manufacturing
industries.
Merriam & Kneale are disposing of
number of lots at Crystal Park, and
work boulevarding around the lake has
commenced.
w. w. Bartlett sold four lots on the
corner of Lindley avenue and Thirty
fifth street, in Park, addition, for 81, 900;
also lots Is, IA and Is, block s, Park adj
ditiOu for 81 6O0 unOn which a fine
dwelling house will be erected at once.
He has deals now pending for other lots
in the same addition that will be closed
next week. He has lately closed a sale
of lots 16 and II, block 2, Higman, Ridg-
way d Co.'s addition, for 81, 200, and re-
ports marked renewal of activity in
good vacant lots inside of Thirty-eighth
street.
YESTERDAYS TRANSFERS.
John W Highly to Chas o Brewster
part Its and 9, blk 4, R ADavidson's
Chas S @ Brewster to Andrew j olson -'''0
part Its and 6, blk 4, R A Davidson's
Second add. ....................2,O0 900
Abraham sanborn to Louis P Caring
ton, triangular piece OF land ada
cent and north of blk %, Mill Com
Martha Coniey to Frank clark, Its '''
and 2, blk 5, etc., Forest Lake add. g. ], 200
Timothy P White to Rosa Berry. II 2,
blk 80. WINDOWS add. ....: $3.50
Stephen II Baxter to Geo W Farrier. 1t
%, blk 4, Biddleman's add. ........ $50
Mary S Dinsmoor to Edgar H Luce, 1t g.
blk 1, Bakers Second add; 49,: $500
rich, Its 4 and 5, blk %, Murphy's
Geo W Nash to Eolah Il Triton, 1t 10,
blk 3, Third Avenue add $500
If blk 3 WbitOav'S add 600