St. Paul daily globe., 1888-06-24
ST.PAUL REAL ESTATE
The Inquiry for Realty Con-
tinues and Prices Are
Firm and Steady.
Excavations Have Been Com
menced for the EndieOtt
Block.
Wonderful Growth Of Arling-
ton HillS--A Great Year
for Building.
The Street Railway Company
Will Build Terminal Barns
on Maryland Avenue.

Inc past week mas proved S0metnlng
of disappointment to dealers in real
estate. Many of them all through
the spring held to the opinion that when
warm, bright weather commenced in
earnest there would be a revival of
interest and increase in the demand for
realty that would be sufficient in volume
to create a good deal of activity in the
market. In this they have been par
TALLY disappointed.
-
While there has been better inquiry
and an improved demand for real estate,
and while the market is stronger and
much improved, the past week has not
brought that degree of activity ex-
pected.
Notwithstanding that dealers have
been disappointed in the degree of i'm
provement, there is much satisfaction
in knowing that there has been some.
Inquiry has been a good deal more
active, and an increased number of
people have been out looking at prop
erty. As these strangers go through
the city to look at any particular piece
of property, they are compelled to pass
structures that are being erected. Some
of these are eight, ten and twelve
stories in height, and are being built in
a very solid manner-for instance the
New York Life Insurance company's
building on the corner of Sixth and
Minnesota streets, the apartment build
ing on the corner OF Dayton and Far
rington avenues, and other similar
structures. The building now going on
In the city does not fail to impress them
very favorably as to the general thrift
and business activity of st. Paul. This
has the effect to increase the inquiry,
and to enforce upon the attention of
the stranger the significant fact that st.
Paul is busy hive of industry, and con-
sequently that it is favorable place
for investment.
This city is remarkable one in many
respects, but in nothing is it more no
ticeable than for its surroundings. Small
suburban towns are being established
all around its borders. Arlington Hills
is one of the most remarkable of these
spots. Of course. this point is within
the boundary of the city, still; in many
respects, it belongs to the class of out
side localities. 1t is naturally one of the
most picturesque and beautiful points
in or about the city. Much of the
ground is high enough to completely
overlook the city proper. Its numerous
conspicuous and elevated building sites
are not surpassed anywhere in the city.
Upon one of the highest and most no.
ticeable of these elevations is located
one of the largest school buildings in the
city, which constitute conspicuous OBJ
Ject OF attention from many points. 1t
is quite probable that not One-Quarter of
the people of st. Paul, outside of those
who live in Arliagton Hills. have ever
IN Nnrt nf
surprise such people to go out there
and see what has been done by way of
public Improvements. All over those
hills water and gas pipes have been put
in and sewers have been constructed.
Broad streets have been graded and
street cars are running. Both sides of
many of the streets are lined with large
brick stores, where all kinds of bust
ness is conducted. This region consti-
tutes city of Itself. similar in many re-
spects to West st. Paul, and is, in
nearly every way, one of the lovelieSt
parts of the city for residences. AS the
street car service has been extended
out into this district, it is much more
accessible than hitherto.
M
The grading of streets, building of
sewers and the paving of avenues in
the st. Anthony hill district gives that
part of town an exceedingly active ap-
pearance, which never fails to arrest
the attention of those from abroad who
visit the city.
The demand for property, either for
business or residence, is fair, and gen.
orally investments are made for the
purpose OF lmproventS or with view to
holding the property until the market is
more active. Some of the shrewdest
capitalists and most experienced deal
erS say that this is the best year that st.
Paul has seen for long time for i'm
provements. The market is not crowded
with buyers, and therefore man with
ready cash in hand can take advantage
OF desirable bargains. While the
activity that has prevailed in some
previous years is not to be found at
present, well informed capitalists are
confident that it will return in the fu-
ture with an increasing wave of pros
perity.
The buildings that are now in prog
resS of construction in the city of ST..
Paul, make it perfectly certain that on
the whole 1888 will be prosperous
year, and will show large increase in
the way of valuable improvements. All
this activity and appearance of business
prosperity cannot fail to have its effect
upon those who visit the city, and will,
undoubtedly, be the means of causing
considerable investments in st. Paul in
the future.
The best business men in st. Paul,
after very careful review of the real
estate market, are of the opinion that
there will be no break in prices the
present year. While there may not be
large advances the property will be held
firmly at present figures, and there will
be no disposition to sacrifice property
in order to realize, except. possibly in
the case of few holders of small lots.
who are unable to meet their payments.
This situation does not exist to any
great extent in st. Paul, but it is diff
ferent elsewhere.
~
1T has been very fortunate thing for
st. Paul that there has been nothing in
the nature of inflated prices or of a
large speculative market. Property
has been holding rather below it's value
than above what should be asked for it.
The result is that with the growth of
the city and coming developments
parties who now own property are en-
tirely satisfied to hold it, and they feel
confident that their money, if invested
in real estate in this city, will make
them larger returns than it would if put
into any kind of business, stocks or any
other kind of securities, and with much
less risk.
Short Notes.
Stone & Morton report a number of
sales, among then seven lots in Oak