The Providence news. (Providence [R.I.]) 1891-1906, 1892-03-23
NEWS OF REAL ESTATE.
The Outlook for the Coming Season
Is Very Bright.
THE SPRAGUE HOMESTEAD PLAT,
The Hundred Lots Sold Since the Plat
Was opened-D. w. Lawlor Building a
$4,000 House-Transactions I'm Real
Estate and Intentions to Build.

The business during the coming season
as received by the shrewdest judges of
real estate promises to be most active. II
is said that there will he large amount
of building done and that selling will be
at an advanced price with more buying
than ever before In all ways the outlook
is most promising
II there is any. boom at all it is towards
Pawtuxct and along the bay to the city
limits. There are large number of
houses of a high class being built and gen
eral activity is i'm order in u section that
has been neglected during the last
fifteen years. The Home Investment
Company will build three 2ls-story houses
at Washington Park very soon. Fourteen
houses are under way and twenty-five VIII
ing March weather has interfered some
what with the building here as in other
sections. hat IL now looks as though IL
could go along without interruption.
Edgewood is also the seat of much activ-
ity and this desirable location Tor nome
seekers is becoming built up.
There is good deal OF building going
on at the Sprague homestead plat on
Cranston street, opposite Narragansett
Park. This plat was opened somewhat
over year ago and contained $50 house
lots. Since the opening s42, 600 worth of
land has been sold from it. There are
now $50 lots left, and with the
beginning OF spring these lots have
begun to sell daily. David NJ. Lawlor,
the proprietor OF the "Half Dime"
restaurant, is building a $4,000 resi-
dense in this section. Perhaps this
illustrates the old saying many little
makes mickle." The plat is on the To-
cation of the old Sprague homestead and
part of it is an orchard OF twenty-five
acres. Every house lot on one side of the
,.Ia tn atu oh frnit
trees This plat is nicely located and is
very desirable location here for home
owners. Everything is bright and fair
for an increase of activity in this section
beginning with the present time.
Mount Pleasant has been ruled rather
dull for the past year or two, partly on
account of over surplus of buildings which
do not seem TO be in active demand. The
indications are favorable for considerable
spring buying of moderate priced houses.
There are many reasons which could be
given showing the desirableness Of Mount
Pleasant as a site for dwellings. The air
Is fresh and pleasant, there is no malaria.
The great objection to this section is the
lack of rapid transit facilities, but this
objection is far from being unsurmounta-
BILE and once overcome property Will be
very likely TO rise in value.
There is little being done in Elmwood,
perhaps because of the high price of land
In this section. The disposition seems to
be on the part of buyers TO locate where
land can be obtained at lesser prices.
In the Olneyville and Johnston sections
there is good demand for sites for busi-
ness purposes.
There Is the same activity displayed on
the East Side as on the West, with per-
haps the exception of the boom towards
South Providence. The opening of a park
is always likely TO stimulate its activity,
and as the matter of an addition to Black
stone Park has been arranged real estate
in this section is enjoying quiet boom.
Quite number of sales are being made in
that region at advanced prices.
This addition takes in part of the
Moses Brown Farm Plat which necessi-
tated n re-plattin9 leaving about 1000
lots. All through the East side the pros
pect is bright in the way of buying and
selling and all through the city the out
look was never as good as 1T now is.
Build Economically, Not Cheaply.
P.F. Orr, in "Talk on Good and Bad
Architects " in the New York Recorder of
o recent date, gives the following:
There is nothing more exasperating to
the capitalist who has house or home
in view than to find himself confronted
with the problem of choosing from will
derness of so-called plans; and especially
ia this work disheartening when friends
who have built and who have been taken
in on the cheap and unreliable publica-
tions on building with which the country
is flooded do all they can TO throw a dam
per on the ardor of those who contemplate
the erection of homes. As rule the
much-vaunted "plans " which are adver-
tsed so extensively as accurate and trust
worthy turn out bitter and expensive de-
lusions, in so far that they are, like the
Yankees razors, never made to use, but
only to be sold.
'One poorly constructed house and one
faulty piece OF work will do more TO dis
courage the erection of new buildings than
is generally supposed, and for that reason
i want to say from the outset that the
readers or the Recorder cannot be too
careful in making their arrangements
with their architect and their builder.
Leaky roofs mean drain on the purse,
and cracked and broken walls mean an
outlay of money which might have gone
into the building from the start. To bald
economically Is the duty of every man who
has only a limited capital, but he Injuries
himself in every way by building n cheap
house."
The annual meeting of the Home In
vestment Company will be held on April
4th.
Work is steadily progressing on the new
edifice of the Central Congregational
Church, which is expected TO be ready for
occupancy In the Fall.
A desirable brick residence of fourteen
rooms on Broadway has recently been
placed on the market.
The McCrillis store house on Canal
street which was destroyed by fire Some
time ago, is being rebuilt. The Cudahy
Packing Company OF Omaha, will use one
portion of the building for storage pur-
poses.
Transactions In Real Estate.
The transactions in real estate last week
areas follows;
Heirs OF B. NJ. Jackson ct nj. sold to
American Building Co. estate on Broad
street, near Chestnut street, for $40.
NJ. ID. Cash sold to Joseph Wyman and
wife lot on Marvin street for 500.
Franklin Institute for Savings sold to
Patrick Greene lot on Wendell street for
s232
Patrick Greene sold same to Annie Gile
for $500
T. u. Mccormick and wife sold 10 lJ. G.
Walsh and wife estate on Knowles street
for $4,000.
jeremiah Cronan sold to j. j. Morris
estate on Wave street for 500.
j. j. Morris sold same to Mrs. Jeremiah
CrOnau for S1OO