Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-07
GRANT STREET BOOM.
Three Deals Concluded Which Mean
Two Fine improvements.
BUSINESS BLOCK AND LAW OFFICE
To Go Up on the Corner Opposite the Large
st. Nicholas Building.
HERBERT H0sTETTER SCORES A POINT

Grant street, for years one Of the notably
backward thoroughfares of the city, but
full of possibilities. is to have little boom
which may lead to big one. There is no
apparent reason why this fine street in the
heart of the city and traversed and crossed
by number of electric and cable lines lead.
ing to all parts of the lower city and sub
urbs should not have a business resurrec-
tion. Signs point to this consummation.
Three transactions in realty on this street
have been concluded-two of them yester-
| day-the outcome OF which will be a large
and handsome business block and a COM
modious law office. About six months ago
Mr.. D. Herbert Hostetter purchased
through the agency of W. A. Heron &
Sons the lot on the southeast corner of
Grant street and Fourth avenue, oppo-
site the ST. Nicholas building. Mr. Hos
letter believed a business block in that
quarter would be q good investment and
this purchase was the first step toward
securing suitable location and sufficient
ground for such a building as he had in con-
temptation.
This property secured, Mr.. Hostetter en-
tered upon negotiations, through the firm
of George Johnston & Co., for the adioin-
ing lot, owned by the Irwin heirs, and,
after considerable dickering, this also was
acquired. These two lots have a combined
frontage on Grant street of IS feet inches
by depth of nearly 100 feet. It is upon
this site that Mr.. Hostetter will build.
This completed the Hostetter deal, but
Mr.. Johnston did not stop at that point.
He had customer who wanted the third
lot in the row, owned by Edward F.
xArthurs, of Baltimore. Mr.. Johnston
went to that city, opened negotiations with
round price. The name of the purchaser is
withheld for the present. AS indicated, it
is his intention to erect thereon handsome
law building.
Deal in Acreage.
Samuel W. Black & Co. sold Yesterday
GA acres Of land in the Twenty-frst ward,
the city to Westmoreland County capi-
talist. The price paid appro1imated SILL
OO0 The purchaser intends building fine
residence on portion of the ground, and
will subdivide the rest, selling it in good
sized lots.
Special Features of Trade.
There is a buyer for every piece of busi-
ness property which is offered at a fair
price.
Major A. j. Pentecost is taking bids for
the erection of a block OF IA brick houses on
Petrol street, Ninth ward, Allegheny, op-
posite Riverside penitentiary. They will be
completed as soon as possible. A. j. Main
Is the architect.
An error was made in this column yester-
day in estimating the cost of the addition to
a p,,l,l
legheny. 1t will amount to $4,000, instead
of $40 600. as stated. This includes the cost
of The ground.
Business men spent considerable time
yesterday discussing the situation at Home
stead, to the neglect OF other matters.
Directors Of the Keystone Bank just elect
ed are: J: J. Vandergrift, c. W.. Bachelor,
Fisher, w. II. Nimfck, j. F. Craig, C. q.
Klopfer and j. l. Buchanan
Mr. Marsh Mawhinney has broken ground |
for three-story business house on the COR
ner OF Wood and Rebecca streets, wilkins |
burg. |
Five permits were taken out yesterday for |
seven buildings costing 1885. The only one |
of Importance was issued to j. R. Holland |
Tor three frame dwellings, on Breeds Hill, |
Nineteenth ward, to cost 81, $50.
Henry NJ. Long Yesterday bought 100 |
Assignee Sory yesterday began the pay.
ment OF another l2h per cent dividend to |
the old depositors OF the old Farmers and |
The Duquesne Incline Plane Company has |
declared q semi-annual dividend of per |
cent payable forthwith. |
Additional Points in Realty.
1t was reported yesterday that 9O-acre |
tract of land near Sewickley had been sold |
to an Allegheny City merchant, but the |
price was not stated. The report added |
that he would improve part and dispose of |
Black & Baird sold to George r. Duncan
for James Kent a lot on the north side of |
Kelly street, Twenty-frst ward, being the |
nedy plan, with two-story frame dwelling |
John K. Ewing & Co. sold to Peter W.
\ Metz lot Mxlo4, on Ellis avenue, in May
John F. Sweeny sold Tor William r. & |
3. G. Mooney, the East End contractors a
house and lot on spahr street, having
frontaae of % feet on Spahr street and ex-
tending back to a diagonal line. The pur-
chaser is Mrs. NJ Rodclitfe, of Monongahea
City.
estine to John Fl. Stratman a vacant lot in
the Fourth ward, Allegheny City. near
Liberty street, 2sx 100 feet, for 81 600 cash.
s Donnell's plan, fronting 2Ox161 feet on
Evaline street, near Dauphin street, Nine
teenth ward, Tor $500 cash.
5-room frame house with lot 2OxIa5 on
Belonda street, Mt Washington, for 81, 800
cash. |
Peter Shields reports the sale of lot No. 2Os,
being 36xlOO feet, situated OH Greenfield |
avenue. in the Greenfield avenue plan,
ward, city, for 81, ,4O0
The Burrell and Keusington Improvement
report the following sale of lots
1t Kensington: Rosa Spinelli, Kensington,
Pa, s. h. 49, block s, Tor s42l ss: Gustav Pub.
ner, Pittsburg, Pa, TO- block u, for 1886;
Picardo, Kensington, Pa. ". h. 26,
block u, 1926; Antoine Babion, Pittsburg, Pa,
IS, block l, s4ss IS; William l. Wakefield,
Etna, Pa, lot 460, block %, 1888 50; Mrs.
Jacob Horn. Pittsburg, Pa, lot S6, block q,
'646 20; Mrs. Mary E. Evans, Kensington,
Pa, l,27l-2, block 80, $3.50; Charles BetzIer.
Pittsburg, Pa, 1855, block 30, $7s6 25
TIE K0Nrv HADDpm