St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-16
ST. PAUL REAL ESTATE
An Improved Market Noted
by Those Who Have Reli-
able Information.
Eastern Capital Seeking an
Outlet in a City Not Of
Mushroom Origin.
Negotiations Are Pending for
Several Big Deals Next
Spring.
Broadway and Eighth Streets
Are Becoming Prominent
Thoroughfares.

The signs of improvement in the real
estate market are unmistakable. Not
only is this shown by the disposition to
buy on the part of non-residents, but
by those who live here and know the
solid foundation on which values in
realty are placed.
st. Paul has never been afflicted with
inflated values, and, consequently, has
never had the set-backs that have
proved so injurious in many other
cities. While conservative Eastern
capitalists have commenced to invest
in st. Paul property, her own citizens.
are by far the heaviest buyers,
and in every case they make
the most substantial and costly improve
ments. All through New England. and
in Hartford, New Haven. Boston, Port
land Philadelphia, New York and other
money centerS there are millions of
money idle because of lack of conf
dence. Capitalists have been swindled
by investing in mushroom towns in the
West, and they have therefore become
exceedingly cautious. A few of the
most Intelligent have come out person
ally and looked the Northwest over,
and Invariably have gone home
ure of ST. Paul. The result
has been the organization of such COM
panies as the Boston syndicate which
has recently been investing heavily
here. Others in the East have been in
duced to examine into the basis of pros
perity and claims to future greatness.
and the result is a growing confidence
that is solid, valuable and very fiatter-
Ing to the city. Large amounts of cap
ital are now ready to go into st. Paul
realty. These parties naturally desire
10 buy at the lowest figure for cash. and
whenever anything offers at a really
low figure it is picked I'D quickly.
Those who have held back to secure the
property of parties who might be forced
to sell see their mistake and are begin
ming to realize that but few are in that
condition. They are, therefore, COM
PEELED to be satisfied with small pur-
chaSes from time to time, but
before the end of February they
will make rush to get their
money safely invested. Several large
purchases have been under considera-
ton for some time past. and will be
closed soon after the holidays. Conf
dence in the prosperity of the city has
never been more assured, and purchases
are being made outside the now recOg-
niZed business center Heretofore the
business area has been regarded as en-
braced between the river and Seventh
street, and Wabasha street and Broad
way. Several heavy sales are in prog
ress for property on Eighth, Ninth,
and even SIS far out as Tenth street.
Broadway is again coming into promi-
nence. Recent and contemplated i'm
provements on that street render it ex-
ceedingly desirable. Since Mr.. Beaupre
has his building nearly completed,
other wholesale men have been turning
their attention in that direction, and if
certain parties can control enough front
age on that street some magnificent
improvements are likely to be made
fin the future. Eighth street has also
come into prominence, several large
purchases having been made, and others
are being negotiated. Next spring will
probably witness the beginning of
very prosperous career for Eighth street.