The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-02-26
REAL ESTATE srIFFENs.
The Factory Agitation Appreciates West
Side Property.


Side Property
The real estate dealers are greatly en-
couraged over the prospect of an i'm
proved market.
The various manufacturing enterprises
that are in fair way of consummation
give wholesome tone to prices, and the
confidence of holders OF the real thing are
stiffening up in their demands. A Den
yer owner, on hearing of the copper
plant project, wrote his agent to with
hold his property from sale at the old fig
ures. Other agents are in receipt of
instructions to mark up the values 10, and
in some cases % per cent.
WEST SIDE APPRECIATION.
During the last thirty days there has
been decided appreciation of property
west of the city. The canvass for sites
has opened the eyes of the dealers to the
fact that the manufacturing district will
necessarily be forced to the west side.
The bulk OF the population of any
growing city goes in the direction
where the factories are located. The
high ground is always first settled
upon, and short-sighted investors
almost always overlook the fact that the
bottoms and flats about city Will come
ness. Factories require large acreage
for their plants, and hence are compelled
to locate where land is reasonably cheap.
In looking over the sites offered it is to be
observed that nine-tenths of them are
west of Main street. The land across the
Jordan three years ago was the laughing
stock of the real estate brokers, and buy
ers were thought TO be insane who put
their money into the bottoms, that were
season. Now there is an eager demand
for the land covered by small lakes
In the brief space of three years
it has been demonstrated that
the largest appreciation in values has
been on the west side. Acreage south of
Liberty park sold readily for g 600 an
acre, while tracts of land as near TO the
center of the city on the west side only
commanded few hundred dollars.
In the early stage Of every city there is
a scramble for the high ground, it never
being dreamed that population will
spread to the extent that it does, and
that the great bulk of population will go
to territory where the day laborer can
own his own lot and build thereon a
home.
THE BRIGHAM YOUNG BUILDING.
Among the first buildings to be erected
First South street by the Brigham Young
Trust company. The excavation for this
structure was made last summer, but
owing to some hitch in the negotiations
for securing the money it was delayed.
This has now beer settled, and r. Klet-
ting, the architect, is advertising for
bids, which are to be opened on the 9th
instant.
This building will be three stories high
a boxr To- Of
South with depth of 104 feet. The first
floor will be divided into four stores and
the top floors into Office rooms.
THE CONTINENTAL IMPROVEMENTS.
Architect Kletting has designed very
attractive fronts for the Continental
market, which are to face on West Tenn
being the shape of an L. The plans will
be sufficiently completed within a few
days to advertise for bids for its construc-
ton.
j. e. Caine, who is one of the owners
Of this valuable corner, is considering
plan to remodel the old Continental hotel
by converting the first floor into
stores and the upper floors into lodging
rooms.
THE TELEPHONE.
The fire proof Telephone building, of
which j. Y. Wallace is having the plans
made, will be very handsome block. 1t
is to be erected on State street on ground
located north of the Salt Lake theatre.
The top floor is to be specially arranged
for the use of the Telephone company.
The work of remodeling the White
House is under way, and the new glass
and iron front will be decided improve !
ment over the old one. The National
Bank of the Republic Will occupy the
corner, and Henry Bewes will remove his
California liquor house in the rear por
lion, with Second South frontage.
The Manufacturers Exchange.
The manufacturers of the city will meet