Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-05
CITY REAL ESTATE.
Joseph Horne & Co. Pay Half a Mil
lion for the Leonard Property.
A MAGNIFICENT STORE TO FOLLOW.
The Fourth Ward School roard Secures q
Site for q New Building.
PART OF THE CHRIST CHURCH lot SOLD

w. A. Heron & Sons have just com.
pleted the largest transaction in real estate
| ever made iu Pittsburg, the amount in
volved being nearly 100000. For several
| months it has been rumored that Jos. Horne
& Co. were negotiating for new location,
but no one mad any positive assurance save
the interested parties. It is now an open
secret that they have obtained the Leonard
property, corner Penn avenue and Fifth
street, and the Fourth ward school prop
erty, corner Penn avenue and Cecil alley.
The Leonard property consists of lot
120x200 feet, on which are 10 three-story
brick dwellings, which will be Immediately
razed to make room for one of the largest
and most complete retail stores in the
United States. The school property con-
sists of a lot 94x150 feet, but Horne & Co.
will not improve this lot at once, as they
cannot get. possession for a year, which
time is reserved to the School Board in
which they are TO erect new school build
ing, the plans of which have been prepared
and bids are being received. These two
purchases give Horne g. Co. the entire
square on Penn avenue from the alley to
Fifth street, except one lot,a % feet front,
owned by Mr.. Joseph T. Speer.
The significance of this transaction is very
great to Pittsburg, in that it will give it
one of the largest shopping stores in the
country for citizens as we'll as strangers;
and to the lower end of Penn av-
enue it means the starting of a new era of
prosperity and improvement which will
greatly enhance that section for business
purposes.
Two Other Big Deals.
In addition to these two large sales w.
A. Heron & Sons succeeded in selling the
School Board the property corner Duquesne
ing. which is to be model in architecture.
heating and ventilation. The lot is 100x72
feet, and the price paid is said to be $780,
600 or more. The School Board is now TAX
ing bids on the new structure, which is to cost
about 500, 1000. As the Fourth ward school
is entirely out of debt it is the intention to
spare no money in putting up model
school building, which action on the part of
the board is very commendable.
1t was rumored early last week that the
Christ Church property on Penn avenue had
been sold to Messrs. Heeren Bros. & Co.
This was verified by member of the firm
Friday evening, as noted in The SUNDAY
DISPATCH, but the transaction was not
fully closed until Saturday evening. W.
A. Heron & Sons, by whom the sale was
made, were sought yesterday for par
ticuiars. They thought it too early to
report the transaction in full, but it was
learned from them that they had sold one
half of the property, not all-that is, that
Heeren Bros. & Co. had purchased 50x15O
feet, corner of Eighth street.
Messrs. Heron & Sons would not give
the price paid, but 1t is understood to be
100000. Heeren Bros. & Co. will begin
the erection of a large business house at
once.
What Builders Are Doing.
Good weather is hurrying up delinquent
builders The week started out we'll. Six
teen permits were issued for 10 improve
ments, aggregating in estimated value
$40, 1886. The most important are noted: j.
M. Henderson, brick dwelling on Fisk
T. Y. Mooney, three brick and frame dwell
ings on College avenue, Twentieth ward
81 500; J. w. Taylor, brick three-story
store and dwelling, rear Liberty street,
First ward, g, 130, James D. Rogers, brick
and frame dwelling on Center avenue,
Twentieth ward, $4,000; L. B. Richards,
frame dwelling on Howe street, Twentieth
ward, So, 500; Will Price, brick dwelling on
Darrah street, Fourteenth ward, $3.50;
Henry Loxterman, seven frame dwellings
on Achilla street, Twenty-frst ward,
SO, 500.
Special Features of Trad~.
The large sales Of real estate detailed in
this column will be interesting to all who
are concerned in downtown property.
Citizens along the Pittsburg and Western
Railroad will petition the company for a
late train to Gallery Junction to accommo-
hoo for nd ho xyin
ness in the city after night. 1t is likely the
company will grant the request. as it will in
some measure head Off the traction people
Sealed proposals will be received Apri 8
for constructing the west cell and lateral
wings. also guard-room building, of the Ohio
State Reformatory at Mansfield;
The plant of the Akron, o., Electric Light
Company is to be increased to 5000 incan- |
descent and $50 arc lights. see,se
Isaac Lloyd has transferred to George
Leslie q house and lot 50xS0, on Margaretta
street. Braddcck, for So, 100.
The report of the Luster Mining Company
Yesterday was too late to affect the market.
The dividend talked OF by some did not ma
terialize.
At the last stock call yesterday 2734 was
bid for new Electric.
The directors of the Manchester Traction
have formally decided to pass the
April dividend, on account of the losses sus.
tanned during the strike.
The Little Sawmill Run Railroad Company
d ulVluenu OI 4 per cent payable
on and after April g.
Latest Events in Realty.
Downtown property continues to be the
feature of the market, but suburban trans
actions make good showing. The condi
tions necessary to greater activity-settled
and solid roads-may be counted
upon in the early future.
The Randolph greenhouse property, front
Ing on Ellsworth avenue 163 feet extending
back 452 feet to Railroad street, has been |
sold to a well-known capitalist, at q price |
$4,000.
w. c. Beringer & Co. sold to Jonathan |
Robinson for. Mrs. Mary Cordier a lot on |
Penn avenue, near Winebiddle avenue, for |
i, 700 cash; also, lot on Dearborn street to |
William Isaacson at $500.
Black & Baird sold for L. H. Smith to |
Frank C. Wright new Queen Anne frame |
lwelling on Graham street, Twentieth ward, |
or So. 800.
j. E. Glass sold for A. C. Watkins. lot No. |
% in the Aliquippa place plan No. 2 for
450.
A. Dickie Co. sold for j. W. Beckitt to
Thomas P. Marshall a piece of vacant |
.round on Linden avenue, 9311Sx2ls feet, for
4, $50.
HOME SECURITIES.