The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1890-05-04
BUILDING In HOBOKHN.
Fine Structures Going Up
All Over the City
Day by Day.
A $4,000 DRINKING SALOON.
Banks and Office Buildings Vie
with High Class Houses.

come one OF the leading cities of the State
within a short time. Splendid business
buildings adorn the lower part of the
city, buildings which would be credit
to lower Broadway, New York, which is
certainly saying great deal
In the upper portion of the city, how
ever. the building boom has reached its
height, intact, the real estate men are
entering gentle complaint. as the build
ings seem to spring up quicker than they
can secure tenants for them.
A great number Of buildings were
erected during the past year This spring
there seems to be a sort of uneasy feeling
among real estate SPECTATORS. One real
estate man said that in his opinion there
were at least six hundred buildings
erected during one brief spell last year.
OF these about five hundred were erected
above Eighth street. These were princi-
paliy brown stone and brick fats and
commanded rentals anywhere between
SIS and 800 month.
The lower portion of the city, about the
ferries, which is known as the business
portion, has undergone wonderful
transformation within the last year.
Massive office and bank buildings nave
been erected and their rentals are at very
fancy figures. The streets have been re-
graded and changed considerably and a
stranger who had not visited this section
OF the city within the past two years
would be astonished at the wonderful inn
provements.
H. L. s. I. COMPANY IN THE VAN
One of the finest new buildings which
adorn this section OF the city is that of the
Hoboken Land and Improvement Com
pany, at the corner of River and Newark
streets. This building cost SIS, 900, and is
a model of architectural beauty and de-
sign. The majority OF the offices are de-
voted to the different branches Of the vast
business OF the company. The others are
rented for high sums to lawyers and for
other business purposes.
The old building of the company, which
is situated directly opposite, was bought
by Klie Brothers, the proprietors of a sa-
loon on Barclay street, New York city
The price paid was $4,000. The building
is being completely overhauled. The
ground floor will be used as a saloon.
From present appearances this saloon
will throw all other saloons in the county
into the shade. The bar-room fixtures,
it is said, viii cost $780, 600. The floor will
be of enamelled stone and will cost at
least $1,000
THE NEW BANK.
Directly opposite and running a full
block on River street is the new Second
National Bank building. This is without
doubt one of the finest buildings in the
city. All the modern fmprovem ents,
such as steam elevators. steam heating,
messenger calls, etc, have been intro
duced. This building will be ready for
occupancy about May l5. On the ground
floor will be located the Offices necessary
to carry ON the business OF the bank 1t
is said that the Post Office authorities are
negotiating for the rental of portion of
the ground floor, pending the erection Of
offices have nearly all been rented. Di-
rectly east of the Second National Bank
building and running from Newark TO
Ferry streets Is the new building of the
EueriIlg Neaes This is small but sub
stantial structure. 1t will be ready for
occupancy about May 30. The upper
floors Of the building will be rented as
offices.
ANOTHER SPLENDID BANK.
All of these buildings which | have
described are right in a cluster about the
ferry. but the building mania has also
struck as high up as Washington street.
On the south west corner Of Newark and
Washington streets, directly opposite the
new City Hall, was started about six
months ago the erection OF what promised
to be the finest building in the county. 1t
is being built by the Hoboken Bank for
Savings, which will occupy the entire
ground floor. No work has been done on
owing to the inability of the contractor TO
secure rare stone which is being used
in its erection. There is very little Of this
particular stone at present in the market
and what there is OF it can only be pur-
chased at fancy figures The directors of
the bank have been lenient enough to give
the contractor time to procure the stone
UPTOWN BUILDINGS
These are the most important building
ventures down town. Up town the
houses which have sprung up within the
past three years are legion. To form an
idea of the wonderful transformation
which has been wrought in short period,
one who has been away from Hoboken for
a few years need only visit there and re-
ceive a genuine surprise. The historic
old Elysian Fields, which. five years ago,
were TO New York what Fort Lee is to-
day. are thing of the past. One by one
have the stately oaks been destroyed by
the axe. The grounds upon which the old
Atlantics of New York and Mutuals of
Brooklyn fought many holly contested
baseball game are now occupied by hand
some flats which command q fine view OF
the picturesque Hudson and bring fancy
rents
The River Walk, stretch OF two miles
along the banks of the Hudson beneath
the overhanging cliffs of the Stevens
estate, is being rapidly extended out into
the river and will shortly be occupied by
stately steamship piers.
Twelfth, Thirteenth and Fourteenth
streets have been opened up and paved.
and the streets running in opposite direc
tions cut through. A ferry now runs from
Fourteenth street, Hoboken, to Four
teenth street, New York, and is connect
ed with surface lines for different parts of
the county.
In the new streets rows of apartment
and fiat houses have been erected, and
although ITO LETT signs are visible on
some, the majority are occupied. The
Hoboken Land and Improvement Com
pany, which owns monopoly or the real
estate in Hoboken, is directly responsible |
for the improvement of the upper portion
of the city. 1t owns the ferry, the River
Walk and what was formerly known as
the Elysian Fields. 1t has also erected
the majority of the buildings in this por-
ton of the city.
Owing to the rapid increase of build |
ings above Eighth street and the increase |
of population in that section the Common !
Council at their last meeting spoke fav |
orably of erecting a sub-police station
there The erection Of Public School
No. 6. which will cost SIS, 900, has already |
been started.
TOO RAPID BUILDING.
The remarkable building boom last year |
has made the real estate men rather blue |
at the outlook this spring. James G. |
Benson, of the real estate firm of James |
n RanaoD e Sons said ha had forty |