The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-04-30
DIAGRAM SHOWING THE LOCATION OF THE 1ors

ago as 1878 by Henry Root, the well-known
engineer of the Market-street cable system.
BE saw that it would be choice residence
section on the extension of the cable lines
toward the park, owing not only TO its neigh
borhood to the city's pleasure ground, bpt
also 10 the fact that II was free from the
cemeteries and other Objectionable features
OF the eXpanSe north OF that dividing line.
With this knowledge and acting on his
quick perception he selected what lie argued
would be the creme de la creme of park
property. That his provisions were just has
become apparent OF late years The section
upon which his choice fell has become the
am uiti0n of all persons whose meaus will
permit them to erect residences in that
favored locality. 1t was that section which
was purchased yesterday, and it is the in
ientlOn OF the syndicate to soon divide it
into building lots and place il on the market.
The surrounding neighooThood has been
eagerly sought after, and elegant residences
have gone up on ii since the Seligmnns of
New York started the subdivision OF their
possessions around Golden Gate Park. until
available sites for residences had become
scarce.
The syndicate purchase lies on a gentle
slope, facing the park on the west, with the
panhandle to the north, Buena Vista Park
to the east aud Adolph Sutro's beautifully
wooded property lying to the south 1t is
dream Tor residence locality, and is in
the very heart of what is fast growing TO be
tHC AntNiitC Sput VI Duh L ldu-
cisco. Nor are its natural advantages the
only ones which il possesses. To be near
the Golden Gate Park. TO have fine view
Of that pleasure resort and to be sheltered
from the north and west winds are all very
we'll in their way, but do not make uD all of
the requisites of perfect residence district
When, however, 10 these exceptional at
fractions are added the cOnYenienceS Of
modern city life the sum of ones happiness
is complete. The property in question is
graded, severed, paved and mas ample gas
and water facilities. Then, too, as may be
seen from the accompanying map, it is
closely connected by railroads with the
business part Of the city. The Haight-
street cable road passes within 275 feet of
the syndicate property; Frederick street,
with its cable system, bounds the land on
the south; while last, but by no means
least. the rapid Metropolitan Electric Rail-
way skirts the properly on Cole and Waller
streets. 1t is no wonder, then, that fashion
should have set its seal on this favored part
of San Francisco and that the trend of
handsome homes should all be toward the
sunny and picturesque section south CT the
park panhandle and east of the entrance TO
the main reservation itself.
Values in this neighborhoOd have never
faltered. Other sections of San Francisco
have felt the effects OF the reaction in the
Teal-estate market; not so the section south
of the park. Now, as the sale OF yesterday
would indicate, capitalists believe the mo-
ment has arrived for marked advance.
People who might have purchased lots years
ago for a small sum have often been heard
TO lament that they missed the occasion
offered them. The turn OF the wheel has
been made again. True it is that prices are
no lower, but equally true is it that prob
ably never again will they be as moderate
as at the present time.
The new owners of the Waller, Clayton,
Frederick and Cole streets blocks do not,
however, intend 10 hold on TO the property
for great rise. Their intention is to sub
divide it at once and to'have it offered at
auction sale by Mertens 81 lang on May 10
without limit or reserve. In all there will
be 124 lots to be disposed of. and it is be-
lieyed that before the day comes around
whole lines of the lots viii be closed ont to
builders, as this is exceptionally fine resi-
dence property. To facilitate the sale of
the lots to persons DESTROYS of building
upon the property far themselves. favorable
terms OF payment TO individual purchasers
will be granted by one Of the leading saw
ings banks of this city.
The news of the syndicate purchase will
be a surprise to reRl-estate men. 1t will
open the eyes of many to the TACT that dull
times are over and that period of substan-
tial progress has opened for the city OF San
Francisco.