St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-14
Improvements in Business
and in the Suburban
Districts.
During No Previous Year Has
st. Paul Built So Many
Fine Blocks.
All Below st. Peter Street
Soon to Be Filled Up With
Business Houses.
Advice in Regard to Buying
Real Estate, and What Not
to Buy.

For some time past trade i'll real es-
tate in st. Panl has been dull, as it has
been everywhere else, but it is note
worthy fact that, except in certain out
side properties where prices had been
unduly advanced, there has been no re-
cession in prices. AS matter of fact,
the real value of inside property is
much greater than it was one year ago
by virtue of improvements made. The
growth III population, large amounts
expended and the character of the
structures erected during the year 1888
far exceeds anything in former years.
Never before have such business blocks,
palatial residences and many thousands
of dwellings in all parts of the city
been erected. and so many miles of
street railway laid. The amount of
street grading and paving, too, has been
phenomenal. Long lines of stately six
story blocks have been erected on Jack
son street, and the Endicott block and
others cover nearly square on Fourth
street, and on Robert and Minnesota
streets the ten-story block of the Ger
mania Insurance company, the eleven
story block of the New York Life and
the Young Mems Christian association
blocks are going up. On st. Peter
street the block next the Windsor,
the splendid block of flats on
Tenth and other structures are
we'll under way. On WabaSha
the handsome Valentine block; corner
Fourth and Broadway, the storehouse
OF Beaupre, KeOgh & Davis; Defiel's
block. at the Seven corners. All over
the city. in fact, there are scores of
blocks more elegant and costly than
anything heretofore built in st. Paul.
1t is becoming obvious to all that as a
consequence a very substantial addi-
ton to the value of the property adj
Jacent to these structures has been
made, and that all the property in the
central business streets must feel the
impulse. Two more years OF such
activity in building as those of 1887 and
1888 would fill nearly all the vacant
space on Third. Fourth, Fifth, Sixth
and Seventh, Sihley, Jackson, Robert,
Minnesota, Cedar, Wabasha and
st. Peter, and then Eighth, Ninth
and Tenth will be next invaded
AS business increases more stately
edifices will be erected than on the
streets named. 1t is easy to foresee
that all the business district below st.
Peter street will in a few years be
s0lidly built over and that its value will
advance from 800 and $500 to 81 200 per
front foot, as now held, to $4,000, $4,000
and $1,000 per front foot. st. Paul
property is tO-day-and always has been
owing to the conservative character
of its people, held much lower than any
other city of even half its population
and half its reasonable prospects in the
West. The time is near at hand for the
publication of the statistics of growth
in population, trade and building oper--
ations, and it will astOnish people and
arrest the attention of the whole coun-
try. 1t will be an exhibit without
parallel, and will certainly be followed
by active investments.
While all this was done in the city
limits, millions of dollars have been
expended by the citizens of st. Paul i'll
building up The manufacturing towns
just outside the city-the marvellous
growth of which seems the realization
of Aladdin, his lamp, and the genii.