New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-28
THE SALE OF ST. LUKE'S SITE.
VARIOUS PLANS OF THOSE WHO HAVE
BOUGHT IT.
ONE SCHEME DIVIDES 1T INTO A NUMBER OF
PLOTS FOR EITHER BUSINESS PURPOSES
OR HoMEs-ANorHER coNrEM'
PLATES GREAT HOTEL.

PLATES GREAT HOTEL.
| Much has been published concerning the prooao'e
| disposition Of the ST. l.uRes Hosp''"' ,op.''
at Fifty-fourth-st and Ffth-ave me or's'hai an
nouncement was that the property had peen sou u
| q syndicate for the sum OF s2icc,0W Th's state
ment has been verified There Is no DOUBT tha' i'rs'
PAYMENTS second payments. ana so oh. ""'e e."
! made when due. and that the bargain 10 ',p'
and that January I. 1885, must be reac"eu oeio'e
| II can be known that those VINO poush' inc p'op
ertv nropose to forfeit their purchase money ana
| surrender their rights under the contract An I'M
honorable veil enshrouds the list OF names or those
composing the syndicate Ii Is evident ho"e'e''
that the syndicate bought to sell again. Na'uraS
enough the final disposition or tract 80 Valuap'e
excites interest In real estate circles. Inc TACT a'
! such an area OF land in desirable part OF the
cv 10 IN he disposed Of excites interest also among
! nronerty-owners in that locality. TIE trend OF
trade northward the island mas Dee" co"'p'.
| uously rapid In the last decade IL was Only lei'
TO the seer to declare twenty years ago that w.hh
a generation retail trade establishments wou'd her"
| the southern end of Central Park with massive
| buildings devoted to such service. But when Cor
| nelius Vanderbilt secured the entire frontage III
Fifth-ave between Fifty-seventh anu fhS-e's"'
| SITS tore brownstone buildings INTO Irasmeh's anu
rubbish and extended along the INES Oh these seS
his mansion and his garden investors began 10 "o"-
der whether they had not been consulting the wrong
| barometer. -, .
II IL unouestionaby true that the present site OF
St Luke's Hospital has long been looked upon win
covetous eyes. The merchant may nave loresee" III
the possesson OF such tract Of metropolitan earth
the founda tons for mighty establishment OF trade
| the householder in that immediate neshDorhood
| may have foreseen also the disturbance OF ms own
| home by such an innovation. and the struggle De-
tween representatives Of both classes OF seers Is
now
| But the property has been sold. and reports 10
hoA i,lol heir
| prize through forfeiture OF carry payments u
| nurcbase money are authenticity denied This Is
really a great tract OF land. one OF the most VAL
| liable on the American Continent report was
current yesterday that the north SIDE OF 'he "aet
had been sold by the syndicate for the sum oil
900 600 Charles A. Seymour the real estate agent
| at Fifth-ave. and Froty-recond-st, has been the
| instrument OF all negotiations. He positively de-
MED the statement to a Tribune reporter last even
1--WE have been offered" he said "s7occo for
| the corner lot at Ffth-ave. and Ffty-fourth-st,
consisting of nnety-six and one half ieet IN ane
| avenue and 10 feet I'm the street. and IL mas beeh
| declined. as nothing less than Nv'"" VIII DE eo"-
BY way OF explanation It may be said that for
the purposes of sale the entire tract has peen SUD
fourthst 1884 feet. This brings frontage OF eluai
enTtn IN ten FEET wide hns been intiuced in
centre Of the bOck IN fsste and %n' Fy
nfth-st At the corner Of Fifty fourhst and Fif.h IN
Is plot No. l. 100 ieet IN the snsc' 11i ,h,i
the Offer OF 10000 has been made Wssi OF ,ne
carrageway. ten feet wide the sppdlv',ion pro
Sy feet front extending 10 the central carrage-
ten feet wide from ah ,G sbs is
plot No and plot No each thirytwo iest 'r ron,
,S a,y feet sn 'front.' neh IN Fyoarih
meeting the carriage-drive on the west ten teet
wide. beyond which is the Adminls'raton buag
Tits 60 I I Err q Seymour said yesteay he
offers for the ,T9 pos feet each IN Fifty
fourth-st and for the hty-leet front lot on whicn
stands the Administration BuIdins In new yes Il.
dence purposes only. But there are offers pending
for the plots fronting N Ffth-aye for bssns,s pur
| and Fifty-fourh-st. is being NEGOTIATED for by a
wealthy for residence uses TIE oo,ec, Oh h ,
| Of the tract in a satisfactory manner when me
north half will be sure 70 take care Of hs ses ppa
np prpp ha All the lo%er half The osr Of so for
the Fftyfourth.s corner plot Is sad 10 COM i,I
is future value IL coming forward to hold II Tor
either residence or business purposss. n.rou.,on
and those who control the property have wisely
provided an alternative treatment IN the event OF
| creation OF a big consolidated hotel scheme and
man is said to be now on his way 70 Enrope; ;, or
6 5qs rne ea sae fall III he hotel prevail
| The work II Is said VIII be- developed by foreign
| cantalists Absolute secrecy has been observed In
the matter Of divuging the names Of those dsntl-
ed wh 10 ,n be Wefonnded belief that wholly
thus far has the control OF the properly passed ,.
the hands OF foreign investors II Is quite certain
hat ina the trustees OF 81 Luke's Hospital thor
oughy satisfied with the bargain 80 Ear az us pro,
| visions have been carried forward ana compiled
with But not mixing has been given OF the
names OF the purchasers, -. c-o,,
tho revenue derived It's sale the good work OF
St Lukes Hospital Will be advanced through me
placing OF the institution In the upper part oil the
| iela