The Providence news. (Providence [R.I.]) 1891-1906, 1892-02-03
NEWS OF REAL ESTATE.
Central Real Estate Co. To Erect
Two Buildings.
THE SALE AT NARRAGANSETT.
Active Building Operations a Local Real
Estate Board-Branch Avenue school
House Intentions Ia Build and Trans
actions I'm Real Estate.

The Central Real Estate Company.
which buys and lets real estate, is doing
remarkable business. Shares in this
corporation are quoted at 102, and
holders are not anxious to sell, believing
that treasury stock will eventually be
quoted at no. The company owns a
great deal of valuable property and dur
ing the coming season will make great
improvements. Eight estates are owned
which are situated in the central parts
OF the city. Other property is owned
which, with the growth of the
~ will be greatly enhanced in value.
When the building season opens the
company will erect two business blocks.
one is TO be built on Broad street next
TO the Richmond Building. 1t will be
three stories high and will be built
of brown stone and brick. Stores
win be situated ON the ground floor and
the remainder of the building will be
devoted 10 offices and other rooms for
business purposes. The other building
is 10 be located on Mathewson street, be-
tween Westminster and Washington.
it will have brown stone front, three
stories high and will be for business pur-
poses similar TO the first.
On Feb -. the Narragansett Park
property including all buildings sit
uated on the grounds will be sold at a
public sale by Auctioneer William
IL. Hall. The property is owned by the
the Rhode Island Society for the En-
couragement of Domestic Industry, but
the Perkins Land Company holds
. mortgage for $780, 900 wqich owing to
the bad financial cond ition of the soci-
ETY. has been foreclosed. The sale is
awaited with considerable interest by
real estate men.
There is great activity displayed in
building circles. especially In the city's
suburbs, which bids fair to increase
with the opening season. On one day
OF last week the Home Investment Com
pany placed on the recorders book in
the City Hall the record of four transac-
tions in real estate. This company
deals in land at Washington Park, which
is, as has been said in this column, one
of the fastest growing suburbs of the
city.
1t may be subject of some comment
that, in this city, there is no organiza-
ton of real estate dealers such as are to
be found in other cities. Organizations of
= this kind are fer the purpose of giving
opportunity for the discussion of ques-
tions of interest TO real estate men. A
most successful banquet was recently
held by the Chicago Board of Real Es-
tate Dealers. Organizations and meet
ings of this character prove of mutual
benefit to the buyers and sellers alike,
and il may safely be said that Providence
cannot well afford to be without such an
organization.
Two large transactions in real estate
have taken place in the past week, the
transfer of the property belonging to the
heirs of Cyrus Butler to the Butler-Dun-
can Land Co. and the sale of the Atlantic
Mills property by the old corporation to
the new. Both have been spoken of in
the News and do not need further COM
ment.
The city of Providence has just COM
pleted the new Branch Avenue Grammar
school. 1t is now being furnished under
the direction of Superintendent OF Public
Buildings Albert Mansfield preparatory
10 the opening of the school at the
beginning of the coming term. The ar
)hItects were Hoppin, Read d Hoppin,
)he carpenter work was done by Gill
Dane Bros, the masonry by Thomas B.
Ross 81 Son, and the building is heated
and ventilated by the Smead system.
The intentions to build and the more
important transactions in real estate are
noted below. Those who intend to
build will erect dwelling houses, little
else now being done in building circles.
The transactions in real estate for the
week ending Jan. 80, 1892, are as follows:
III. l.. Comstock to IL. B. Comstock, es-
late Ivy street, 500.
Administrators of Patrick Lynch to M.
j. Keough. lot Pleasant street, Sl.725.
III. j. Durigan and wife to Catherine
Lynch, oue-half estate AtwelPs avenue
and one-half estate corner Valley street
and Atwell's avenue, 500.
Catherine Lynch sold same to III. j.
Durigan, Sl00.
A. j. Hathaway to II. Il. and j. S. Hor-
ton. lot Gamsteek avenue, eie0
r.. w. Davis ct al. to H. X. Davis, inter
est in estate High street and two estates,
Pond street, $40.
Mortgagee of +. j. Huston and wife to
ii. X. Evans, estate corner Melrose and
Congress streets, $3.50.
The following notices of the intention TO
build have been received at the city
engineers Office during the week ending
Jan. %, 1892: Thomas Brogan and wife,
Waldo street; David Cahill, Bogman
street; James McGowan, Cyprus street;
jeremiah Clancy, North Main street;
William II. Randall Sherburne street; T..
Il. Egan, Parks street.