St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-24
IN REALTY CIRCLES.
Inside Property Selling Well,
and Acre Lots Are
Booming.
Realty Men Looking to the
Opening of Extension
Lines.
Grading and Building Are
Greatly Retarded by the
Weather.
pp0nnpfU nwnnoc niCo,punt1G0
Property Owners Disgruntled
at the Park Commission
Decision.

Real estate men generally are well
satisfied with the business transacted
the last two months. There has been
steady demand for inside property,
while acre lots may be said to be BOOM
ing. Good as business has been, 1t
would have been better had greater
Roadway been made with the street-car
line extensions, particularly the Selby
avenue cable to Merriam Park. The
promoters of this extension donated
large sum of money to secure this i'm
provement. and the delay occasioned
has caused co nsiderable grumbling on
their part. When the work was COM
menced it was given out that the line
would be completed and trains running
by July l. This delay bas retarded the
brisk sales which were anticipated
among realty men owning land to be
opened by the extension. 1t was given
out last evening that the line was to be
operated to-day for the first time. If
this be so, the ensuing week should
witness the transfer of many lots and
the Inauguration of decided boom in
Merriam Park property.
The unsettled weather experienced
this year has considerably retarded out
door work. Laboring men have suf-
fered monetarily by the large number
of idle days enforced upon them. The
grading of many new streets has been
greatly delayed, and the several huge
structures now under way will not be
completed for many weeks beyond the
time originally fixed upon. The Lowry
Arcade building will be finished first.
Though this structure is somewhat
plain. when completed and tenanttd by
Field, Mailer 81 Co., it is certain to be
one of the most attractive business
blocks in the city. Pat Kavanagh'S
block is rearing its head very slowly,
and it is not likely to be ready for oc-
cupancy this year.. There is something
very substantial about the Metropolitan
opera house building. A more subStan-
tial, more handsome, and, what
is very important, better fre-proof
theater could not be desired than the
one now being erected by the KaJman-
Oppenheim-Stckney company. The
work upon this theater may seem slow,
but visit and an inspection OF the
building forcibly demonstrates that, on
"
remarkably quick. There is no tiimsy
appearance about it; it is not one of
those structures put up in day, which
topple over with the first wind that
blows, and consequently some time is
required in which to erect such build
ing. The theater is expected to be
ready for opening by Christmas. Citi-
Zens of st, Paul will then be in posses
sion of place of amusement second to
none in this country. There are some
other business blocks, work upon which
is proceeding steadily, though slowly.
The decision OF the supreme court in
validating the law under which the
park commissioners have been operat-
ing has been a serious blow to many
citizens interested in the park system in
st. Paul. The decision has also had a
serious effect upon realty values in the
districts where land had been con-
demned for park purposes. The park
commissioners have spent several years
in cOndemning land and fixing on the
location of parks in various parts
of the city. In many instances
have paid their assessments into
the city treasury. To do this
many have been compelled to secure a
loan. The city must now return this
money; but the people who have thus
been wrongfully assessed will lose the
amount they paid as interest for the
loan. This is a serious matter for these
people. But they alone will not suffer-
There are many persons who have
bought largely property situated ada
icent to the proposed parks. The money
II many cases was invested for a short
period only, as better price
was expected to be immedi-
ateiy obtained upon the formation
of the parks. But these expectations
are doomed to disappointment. 1t will
be one, two or three years ele many of
the parks will now be made. There is
no expectation of any great advance in
realty adjoining these proposed parks.
Indeed, there is possibility that the
location of some of the parks may be
changed