St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-04
ST. PAUL REAL ESTATE
Politics Seriously Interfere
With Business in the Real
Estate Line.
Good Opinions Entertained
by Strangers ofSt. Paul
Property.
An Eastern Capitalist Who
Has the Refusal Of Sew
eral Pieces.
The Improvement Through
out the Cr0cus Hill Dis
tpict Is Marked.

OltblGS IGN6 81 COHl DlcGclS lHOiIOpO-
liZed peoples minds for the past week
that the real estate market has been al
most wholly forgotten. Some of the
oldest real estate houses have eXhib'
tied some property and handled some,
but, generally speaking, transfers have
been light. Notwithstanding this,
nearly all the dealers report an in
creased inquiry and a good deal more
disposition TO purchase than was OBJ
served the week before. There is this
much Improvement in the market.
There certainly is more disposition to
trade than there has been, and as soon
as the election is over and people have
time to settle down and cool off from
the public excitement, they will begin
to trade.
There is q gentleman stopping at the
Ryan who lives in New York city. For
some weeks he has been travelling
around from one city to another with
view to finding the best city in the West
or Northwest in which to invest money.
He has been to Omaha, Kansas City and
Minneapolis. and now he has reached
st. Paul. He has carefully studied all
these cities and concluded that St. Paul
presented the best opportunity of all
these cities named for the investment of
money. This means the investment in
this city of at least 100000 or s40O, U00in
the purchase of lots and the erection OF
improvements upon them. This gentle
man proposes to erect a large warehouse
and have railroad facilities to enable
him to receive and ship goods to and
from his own doors without drayage.
Mr.. Burdett,a gentleman frCm Boston,
Paul real estate, and made good deal
Ut money out of the same. has been in
the city for several weeks looking
around after investments, and is about
concluding several purchases for him.
self and friends. He appreciates st.
Paul. and will dip in further. His bust
ness is such that he travels a good deal,
and has visited great many cities in
the East and the Northwest, and he
does not hesitate to say that st. Paul is
the best one he has ever found; that
it has the greatest and most slid bust
ness prospects for the future of any city
he has seen. He returned to Boston
yesterday, and took with him the Ie-
fuSal of several pieces of property.
improvements on Crocus Hill.
Kenwood Terrace, between st. Adams
and Pleasant avenue, includes within
its bounds five acres. This property
one year ago was knoll in the bluff
line sticking out in very bald manner.
Within a year it has greatly changed, it
having been graded and leveled. MAX
ing more available room for building
purposes. A very heavy stone retain
ing wall has been built along the Pleas
ant avenue and ST. Adams street sides
of the property, and an imposing en-
trance has been constructed from ST.
AlbanS street. Streets have been laid
out, all of which have been paved with
cedar blocks, and sidewalks have been
laid. A space in the center has been
reserved for park purposes, in which
fountain has been placed, and every
thing has been done to render this spot
one of the most desirable for residence
purposes in the city. City water sewer
age and gas have been put in. No sta
bles will be allowed on any part of the
lots in the plat. the intention being to
make the Whole property gilt-edged.
The improvement company has pur-
chased the A. K. Barnum property
which the city tried TO secure last year
for park. The property is located on
Pleasant avenue, with Dale street on
the west, Paramount on the north, st.
Adams on the east and southeast. The
company has spent many thousand dol
lars during the last two months in grad
ing and improving the property. The
original height of the bluff has been
rut down from twelve to fifteen feet, so
as to secure more available surface for
building purposes. This property,
when the grading is completed, will be
placed on the market, but with reStric-
lions and conditions as to the class of
buildings to be erected. One of these
restrictions will be for the purpose of
protecting the property against the
erection of barns and stables. The work
is well under way. and will be COM
plete1 before winter commences. The
price paid for the property was $685. GOO
higher than the price for which it was
offered to the city for park one year
ago. There are eight acres of it, and
the company paid $4,000 per acre. Dur
ing the present year there has been er-
ected in the Crocus Hill district num-
Der of fine residences, ranging in price
from $1,000 to 600 each.