Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-16
REALTY MOVING UP.
The Latest Transactions Show That
Values Are Stifening.
ALIQUIPPA FORGING AHEA
Three Hundred Lots Sold Within Sixty
Days and Fifty Houses Started.
PROFITABLE ENTERPRISE CATCHING

Recent sales of central and suburban
properties emphasize the statement fire..
quently made that values are steadily en-.
hancing. w. A. Heron & Sons yesterday
disposed of lot 2Ox60, and an ordinary
building, on Market street, near First ave.
nue., for So, 500, or at the rate of $475 foot
front This is the best price ever obtained
for property of similar size in the square
between First avenue and Water street.
The sale in Williamsburg, reported yester-
day, at $3.50 foot, illustrates the upward
tendency in the rural districts. A few
years ago the mere suggestion of such fig
ures would have been laughed at. Buyers
holding back for a reaction are making a
mistake.
Progress at AUquippa.
Aliquippa. the newest of the new manu-
featuring towns, on the Pittsburg and Lake
Erie Railroad, 20 miles from Pittsburg on
the Ohio river, is building up at rapid
rate. The plan was put on the market just
two months ago, and already 300 lots have
been disposed of and 80 or more stores and
dwellings started. Five large manufactures
will be ready for operation within go days,
giving employment to about 1000 people.
Among the public buildings in course of
erection is a three-story brick and stone
hotel containing 45 to so rooms.
A Spur to Enterprise.
It is characteristic of Pittsburg, as of
other cities, that the success of any project
is followed by others of the same nature.
The success of Office buildings has been the
occasion of the construction of supply at
least equal to the demand. In the same
wdv, the readiness with which apartment
houses were taken led to the erection of a
considerable number-all Small, it is true,
but large enough for a beginning, and paw
ing the way for better results in the future.
The success OF rapid transit from a. small
beginning stimulated similar enterprise,
until to-day Pit ttsburg has the most COM
plete system in the country. Success ap-
peals forcibly to investors: a fact empha-
sized by the interest capitalists. are taking
in real estate.
Yesterdays Building Permits.
Eleven permits were issued yesterday for
% Improvements, aggregating S63, 900. The
largest are: A. W. Mellon, six brick dwell
ings OIL Parker street, Twentieth ward,
$5, 700; DR.. W. H. DAILY, eight frame dwell
ings on Alice street, Thirty-ftth ward,
$500; w. NJ McKelvy, stone and frame
dwelling on Arabella street, Twentieth
ward, $4, 700; G. L. Reno, brick Queen Anne
IL
ward, s., 600; C. h. jerks & Co., brick hall
and plumbing shop on Fifth avenue. Four
teenth ward, 81, 700
Special Features Of Trade.
There is demand for residence property
out the Allegheny Valley Railroad in the
vicinity of Edgewater.
The district around the Pittsburg end OF
the Sharpsburg bridge is building up rapidly
with cheap but comfortable houses.
Contract has been let for paving Wood
lawn avenue from the bridge at the park to
the entrance to Forbes street The improve
ment of this avenue will open up a large
amount of residence territory between the
points indicated.
An authority on the subject says there is
no perceptible change in the copper s1tua.
tion. Manufacturers are again pursuing a
policy.
The lot sold by "A. Heron & Sons in the
M shadyside y an district to prominent attorney
wood avenue, stated.
Baxter, Thompson & Co. are working up
several hopeful dickers in East End realty.
Differences are very slight.
Henry NJ. Long sold yesterday $4,000
Pleasant Valley bonds at par and interest.
On Change yesterday a 5OO-share lot of
Luster was offered, seller go, at 81.
Additional Points in Realty.
The Gray property on Third avenue, First
ward, was sold few days ago to James
IOr Slo,oU
John K Ewing & Co. sold to James P.
Harper. lot 5Ox15O on Cedar avenue, in the
Watson subdivision, East Bellevue, Pitts
burg, Ft. Wayne and Chicago Railroad, con-
s.. coo. Mr.. Harper will improve it
this summer by erecting a handsome brick
house of ten rooms.
W. A. Heron 6 Sons sold lot e1xl0s feet
On the corner of Winebiddle avenue and
Dauphfn street. in the Brown and Donnell
plan, for $50 cash.
Black & Baird sold for S. A. Shepard and
others to W. II. Whitefleld. lot fronting 20
feet on the west side of Mathilda street. Six
,eenth ward, by a depth of 100 feet, for $780,
A. 2. Byers & Co. sold for Joseph Nc
Esq, to A. W. bravo, lots Nos. 1l2
md ll3 in his plan. Twelfth ward, Alle-
yheny City. corner Linden avenue and Os-
rood street, in size 5Oxl02 feet, for $1,000.
rhe purchaser, Mr.. bravo, will erect fine
residence at once.
D. Behen & Son sold to John J. Dischner
for Mrs. S. A. Hunter lot 2s1Sxl00 feet to
alley and Main street, No. 4lO6 Penn avenue,
with brick dwelling, for s., 000
Peter Shields reports the sale of lot No.
"a, 36xl00 feet to a 20 foot alley, located on
Greenfield avenue, in the Greenfield avenue