St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-19
ST. LOUIS PRICES.
What u st. Paul Real Estate
Dealer Saw and Learned in ST.
ItOuiS

w nat Il st. Paul Real Estate
Dealer Saw and Learned in ST.
Louis.
One of orr real estate agents visited
st. Louis recently, and he reports that
there are some very elegant new and
modern business blocks being erected
in that ordinarily slow-going city which
command rents that would be deemed
fabulous elsewhere. For instance, the
new building being put up by tine
Mercantile Library association is
only about 100 feet front and five
stories above the basement. The aSSo-
citation requires for itself the tWOupper
floors, and it is reported that it has
leased the balance of the block for
term of years at al annual rental of
$4,000. On the best streets leading
from the river, ground out as far as
Twelfth street commands not less than
$1,000 per front foot, while choice
corners are held at enormous
figures. There was pointed out to him
4 corner just north of and across the
street from the new United States gov
eminent building, 50Xl20, having on it
an old style four-Story brick building,
and for this the owner is said to have
declined $3.50, 200, or price that would
have equaled $1,000 per front foot for
the fifty-foot frontage. Yet this
fact is that in the best business
localities in st. Louis property can
not be bought, as owners regard it
as better than anything else and ''tOO
good to SELL" Kansas City spectators
are reported to have invested at least
S2,0O0.OOO in st. Louis within the past
year, land Jay Gould has also made large
investments there. In st. Paul about
$1,000 per front foot il regarded as
the highest possible value for
the best corners in the city,
and none has actually ever
been sold for that figure. Our
business property is held at remarkably
conservative prices, and those who are
best posted as to values in other cities
regard it as certain that this property
must certainly advance several points
yet before it is on par with the prices
that are asked and actually paid in
many other cities of this country. Since
the union of the Twin cities it is
supposed to be fair now to claim
population of 100000, and
especially since it has the
sanction of our distinguished prelate,
Bishop Ireland. The talk of welding
the two cities into one is stimulating
plans for the development of the terri
tory as yet unoccupied that lies between
the built-up portions of the two cities.
The railroad and motor lines people
are waking up, and if the city
council will only grant them
more connecting lines will certainly be
built. The beautiful plateau in Reserve
township, lying between st. Clair street
and the river, would be quickly plated
and sold out i'll lots and blocks, if there
were sufficient transportation facilities
so that people could get to and from
their homes. The discussion of new
and wide span for the WabaSha street
bridge has awakened considerable in
tereSt Oh both sides of the river and the
people seem determined that there
shall be no lack Of facilities for traffic
between the two sides of the river.
Little Points.
There seems now to be no. prospect
whatever that Sackett & Virgins will
ever complete the theater on Fourth
street, above Wabasha Work was
stopped OH the building some time ago,
owing TO financial embarrassment. The
executors of tie Davidson estate
look in vain for the rent and
changes that have been made in the
old Exposition building, in the effort to
make it over into theater, and all the
improvements put in for the new thea
ter are of no use to any one except for
that particular purpose, and as the con-
tractors and the Davidson executors are
not in the theatrical business they are
comparatively of little value.
The trustees of the Peoples church
are looking around with great deal
of interest and industry to find a good
place upon which to locate the new
church for DR.. Smith and his congrega-
ton. The preference seems to be for
lot on the corner of Pleasant avenue
and Chestnut street. It's expected that
the church and land will cost about
$4,000.
VIM. Dawson will commence cornice
work on his new block on the corner of
Jackson and Eighth streets as soon as
possible. 1t will cost about 10000.
A Chicago party has just paid $4,000
for sixty feet on the south side of Third
street, just above the West publishing
house. He will improve it Immediately.
The plans are being made for the new
distillery at the Union stock yards.
Charles G. Miller, who owns the
northeast corner of Seventh and Robert
streets, has leased Seventy-fve feet of it
on Seventh street. There is a two
story brick building on the lot now COW
ering the whole Seventy-five feet front,
but not running back so as to cover the
whole of the rear. Mr.. Miller has leased
the whole lot, 75x100 feet, for term of
years to Eastern parties, who propose
to knock out the partitions in the
present store, build an addition
In the rear so as to cover the
whole lot, and by changing the whole
inside transform the old building so
that, in connection with the new addi-
ton, it will be the handsOmeSt store in
st. Paul. The contemplated addition
will cost about $4,000.
DIR. Wharton is just completing
block of dwelling houses on Tenth
street, cast of Jackson street.
f. b. Northrop has gone to Helena
on real estate business.
The Hebrew Congregation, Sons of
Jacob, are about to erect a synagogue.
to be erected OH College avenue, near
WabaSha street.
George Bros. have sold 100 feet, cor
ner of Lincoln avenue and Victoria
street, for $500.
Some of the old skinflints that have
plenty of money and are always laying
low to catch lame ducks" in real estate
In tight place, and then genteelly and
legally rob them, played it too low down
this winter. Last fall they thought that
lame ducks would be abundant this
spring,but they are in mistake. There
are no flame ducks" and everybody is
in good shape, while the sllinfiints can't
get duck.
w. s. Gregory has sold house and
lot on Bates avenue, S., 800; lot OH Dale
street, $1,000; two lots in Terry's addi-
ton on Reaney str et, $4,000.
What Dealers Say.