The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-02-05
THEBOOM AT OUR DOOR
That is What the Real Estate
Men Say.
BENCH PROPERTY IN DEMAND.
First and Second south Streets for
Business Sites-A Big sale
Reported Yesterday.

There has been increased activity in
the real estate market during the past
week, and real estate men generally pre-.
dict that the sales this month will be
larger than for any similar period in
the past. Some of the sales made We're
of considerable importance. but agent 6
positively refuse to give any definite in
formation as to their transac-
tons, for fear that the holders OF
property might be induced 10
advance prices, and most of tie agents
are of the opinion that the prices asked
at present are. quite high enough.
The investors, as a rule, are eastern
parties, although several local capital
lists have made large purchases of late.
tits said that a syndicate of Denver
capitalists is about to be formed for
the purpose of investing extern
slvely in Salt Lake real estate.
TIL. prospects for system
of sewerage to be inaugurated
here in the near future, has undoubt-
eddy produced favorable impression
upon the minds of strangers. Eastern
ers are generally taken with the dry
bench, and number of lots have re-
Gently been purchased by them, at
prices which make the average dry
bencher dizzy. For business sites, First
and Second south Streets seem to have
the call, and inquiries for property west
of THE HERALD corner are quite M
merous. Second South, from West
Temple to First West Streets, is
now owned almost entirely by
outside parties, and an idea of the value
of property on that may be gained
from the fact that Mr.. Ham Beattie
was recently offered $1,000 for lot,
three rods front by ten rods deep. or
and, although such price seems high.
chants succeed in making it an i'm
buildings should be erected there. a
be obtained. All the real estate men
say they have their hands full.
and say unanimously that he boom is
at our doors. The lumo d alers tai e
the same view of the situatlun. and re-
port that orders received for all kinds of
building materi.i are unprecedenIly
large for this ses- III of the year.
Eastern parties recently made an
effort to purchase the old City Market
corner. having frontage of Is rods on
West Temple Street. and 10 rods on
First South Street, the intention be-
ing to erect trst-class hotel
after the style of the Windsor,
of Denver. 10 cost something like
$500,000. The owners OF The property
refused to sell. however. or even to
quote figures. and the plan fell through.
The lot Immediately west of the War
wick Block, on First South Sneet, hav-
ing a frontage of IS feet. bv 1875
feet deep, was recently sold by II. W.
Lawrence to Montana capitalist for
SO $50. or $3.50 per foot. 1t is said that
$500 per foot has since been offered for
the property and refused.
MADAM FLINT's PLACE SOLD.
Every day witnesses host of smaller
sales, and one or,more sales that might
be termed notable ones. The notable
sale of yesterday occurred in the trans
fer of the once notorious palace of
Madam Kate Flint, on Second South.
The new owner. according to a real es
tate man, is Mr.. Davidson, the stock
man. The price named to our reporter
was s32 900 but it sounds so much like
fairy tale that We do not vouch for its
correctness. The ground. with the ele
CANT house standing on it, has been for
sale ever since the recent war was in
sugurated on such places. but has Ian.
guished for buyer until the approach
of the boom brought it into more prom
inent notice.