The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-02-26
HIGHER AND HIGHER.
The Boom Keeps Up and
Diminisheth Not.
RECORD OF A BUSY WEEK.
The Demand for Residence Properly
Buildings On Main Street
Firms Spreading Out.

tcient Another week of the real estate boom.
aotlon The rush, excitement, hustle and go,
If The instead of diminishing, has steadily in
3uld- creased. Real estate firms are not only
1pple- +ord;na tha;- o+otos 49, ,o..ho..
j later o's Gnu 1one 'nenins
o v,,,,. no longer suffice for offices. The new
cut of firm of Kelsey, Gillespie & Pomeroy
y, a mos are in quarters which would do credit
to a bank; Cannon Bros. and Taylor
Bros. & Give contemplate early remov-
ais TO new and larger premises, and
LOU W other agencies, which used to share
room with some other business, now
''Voo w have whole chan bers and offices of their
own. Some monster signs are being
constructed for new firms. The col
see 90 umnssof The HERALD--which, being rec
ognIZed on all hands as the journal
zoo M most widely read cy all classes, is best
LOW W patroniZed by all classes-is teeming
with advertisements of real estate men.
Strangers are arriving every day, aud
the livery men are in raptures over the
QUO W demands for horses, buggies and car
riages, needed to transport visitors
upon expeditions Of inspection to our
various charming suburbs. Prices con-
tinue to jump, but still there is no lack
of buyers. One firm, composed of three
man thatif they had fifteen men in their
/ ON no firm they could have used them all in
answering the calls made upon them for
a display OF taeir properties.
The demand, if it can be- said to have
any variation, seems of late to be
slightly drifting more heavily in the
Az 70 direction OF acreage and residence pro-
perty. This tendency, dealers claim,
will be more pronounced as the spring
advances, and fine weather brings out
wv W the eautiss OF our suburbs, and rendels
them easier of access. Up to now the
greatest demand has been for business
property On Second South Street, with
a strong inquiry on some parts of First
South, notably west of The HERALD
block.
OWNERS ON MAIN STREET
concede that unless something is done
l'o W for that thoroughfare, it will be
the future side street OF the city
instead of IT'S main business avenue.
1.o M But that something, there is Lit /,
DOUBT, viii assureuIY be done. At the
upper end Of Main Street. that solid
3Oo w AID expensive structure, the new 4. G.
NJ. l. factory, is nearing complexion.
CONS Savings Bank will erect three
story brick building on the old Wells
corner with west and north front, in
eco 90 the spring. 1t is great pity that the
magnificent Council House corner must
remain only a sign board. 1t would
pay handsome interest on the cost of
4, M three-story building. and the
ID ~ erection of a tine block there would do
much to keep trade on that end of the
street. Farther down, the new
474 Auerbach-scott building will be
among the most ambitious archi-
IS 90 tectural venture, of the year 1888.
Mr.. Auerbach yesterday stated to II
rep esentative of this paper that his
firm had decided on building a four
10 m story building on their portion OF the
l70 W lot-whch is 43 feet front and fraction
over. This is q recognition OF the adj |
1873 so vancing march Salt Lake is making to-
wards becoming q big city, which will |
be viewed with strong qualification. |
Scott 6, Co. have not decided whether |
1ss 40 they will erect three or tour story |
building upon the Is feet adjoining. but
in either event, both firms will give q
foot for the construction of strong !
loo 10 two feet dividing wall between their
properties.
RESIDENCE PROPERTIES.
ably no district in the city is
just now in such strong demand for
residence property as the Eighteenth
aud Twentieth Wards, and particularly
400 W that portion of the Eighteenth Ward !
lying back of the Eagle Gate
yo,,so on First East Street, First, Second, |
louse Third and Fourth Streets, and Canyon |
with Road, First Street is one of the hand !
F. 20, soonest avenues in town, and $1,000 a
seats rod is now low figure for property |
,iaaS. almost anywhere on that street. Back |
! baS of First Street, lies the large level, |
idina alluviai tract, where once stood the |
'rors private garden of President Young, |
ction but which has long been divid up |
o' into various building spots. Every
thing here has taken a jump of from so |
1orlty 10 $50 per cent. On Third Street Mr.. |
main Sackels who koupht the new house and |
1 RAJ OF 81 rods of ground from D. P. Ander-
or irs son lately for $4,000, has Just been |
ng of offered $4,000. A small lot on the hill |
,de of side opposite, 3Lx10 rods. which sold |
e and last winter for S725, was lately bought !
ICE OF by Henry James, of James u Co., for |
1f Hn 81 600, and he yesterday stated that he
ifraint could sell out for $1,5G0. An adioin
sment ing piece on the west. OF ~ |
and by 10, owned bv Judge Pyper. and SOLD !
r to two years ago for $500 per rod, would |
Ioree, now priug $500. On Second Street and |
81 tnt leu CANYON Road land is proportionately |
~ higher. VIII James, of James & Co,
he ex- lately bought the small lot 8 by s at tbs |
,ation head of North Temple, facing the aque-
., be- duct. He paid Cr. Anderson So 500 for |
time time the lot and unfinished house. The lot
,ders nearly opposite adjoining Mr.. Frank |
pense Taylor's was sold by l.. s Hills to II. S.
srtain Beatie. w. H. Rowe has refused 81 COO |
for his fine lot on First Street, the |
rering front of which he is now wallipg up with |
wv. handsome stona Evervdav eager real |
here ostata arants annaor IN tho choice
quarters of this section, aDxiousIy in
curing for the addresses of the owners
louise of various vacant lots thereaboats. The |
pure and healthful canyon breezes are
without doubt the main cause that di-
reefs the eyes of purchasers towards
is me this locality.
fleet Among the many