St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-13
IT is BOUND TO RISE.
Rapid Trancit Facilities Will
Transform the Midway
District.
Available Property Already
Bought Up for Investment
Purposes.
Values Are Certain to In
crease Tenfold Within a
Year.
The Local Market Shows a
Healthy, Vigorous Condl-
ton.

The Midway district is still receiving
the bulk of the attention now being de-
voted to real estate. The new motor
and car lines which are projected VIII
omen I'D a class OF residence property
superior to any that is now available
for building purposes. Property that
has been within easy reach by caOle OF
street car line was filled up so rapidly
that little is now left that can be bought
by any but the most wealthy. While 1t
would be absurd to say that any resi-
dence property is too high, the fact re-
mains that what little is now vacant IS
held at too high figure for the purses
of those of moderate means. Out TO the
end of every street car line. and Tor
considerable distance on each side,
houses have gradually filled in all the
available property. Beyond the ground
reached bv the car lines and short line
railroads. few houses have been bnllt,
because they would be almost lnacceSSi-
bIe TO the owners. The stretch of rolling
country between st. Paul and Minneap-
oils has been occupied by farmers al
most exclusively. Now, however, that
rapid transit is being provided, or IS IN
prospect. those who are wanting TO
build themselves homes are casting
their eyes out into this part of the sub
nrbs. While a marked rise in values Is
to be noted in the Midway districts, 1t is
a rise not commensurate with the pros
poets. At no very distant date this
property will be worth ten times what
1t is to-day. Summit avenue. Selby aV-
enue. University and st. Anthony ave
nueS. besides the many others, togetner
with the cross streets, will all be llned
with residences. and will be the fashion,
able streets of the city, as they are at
their eastern ends today. BY this Tune
next year lines will penetrate almost II
not Quite as far as the Mississippi river,
making all that land accessible. Then
may be expected a big rise in prices.
The same remarks apply to all sub
urban property which will be opened
up during the next two years by lines
of street cars, cables and electric motors.
Rothsehild & ThurStOn-We have made
some sales on Paramount avenue, Summit
Park. where improvements OF high
class will be made. Active operations
on the Grand avenue electric line have
brought out the buyers. We have made
numerous good sales all through the
Midway district.
billiard & BurtOn-Ihe 81. Anthony
Hill district is receiving more attention
than all the rest of the city. and we have
made some good sales. Property Of
fered at last years prices is readily dis
posed OF, and the present demand lndl-
Gates good winter market.
Lawton Bros.-We have taken out
permit for three-stOry brick block on
the West side at the corner of Concord
and Isabel streets. The block will cost
$4,000. and will be occupied by the
Ware Tobacco company. The building
will be ready for them by Dec. l, and
they will employ from $50 TO 200 hands.
Egbert Il. Handy have sold more
Midway district property during the
past week than in any previous week.
On University and st. Anthony ave-
nues | have made a number OF good
sales The northeastern part Of the
city is not being lost sight of by specu-
latOrs and prospective builders. eX-
pect to be able to report great factory
going up there in few weeks. and have
sold a good deal of nice land on Airing
ton Hills and beyond.