The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-04-17
THE NEW BUILDINGS.
Pressing Demand for Store
Rooms Must Be Net.
Why LOW BRICKS WILL BE BUILT
Plane for Oratofium and Other Inn
mits Issued During the week.

Some Of the recent announcements of
new buildings to be erected in Seattle this
season have drawn attention to the style
OF structures most in demand here. A
gentleman who keeps well posted on the
progress Of building expressed himself
freely . day or two since on the kind Of
buildings that pay the best just now. the
amount of income to be derived from diff.
ferent styles Of buildings, etc. Speaking
OF the long row of one-story stores to be
built by John Leary and Cyrus Walker be-
tween Madison and Spring streets, he
said:
That II just the kind Of buildings needed In
Seattle at the present time There are not
stores enough. and store rent 10 high. After the
fre every body moved out into the suburbs, but
there are 80 many street car lines now that
everybody comes down town to do shopping.
II . woman wants . pound of Goldfish, she takes
. car and comes into the city after 1t. The re-
tail dealers see this and want to get into town
themselves. This II what makes such Q good
demand for stores. Big once buildings do not
pay % much a. their owners desire, and gen.
teman who owns vacant property viii not put
up . big ONCE building. There are enough Of
these for the present. but he can
will pay Handsomely for . few years
until moro high buildings are demanded. And
that reminds me OF the amount Of income prop
srty owners here want to get out Of . building.
They think . building won't pay unless they
San got Is or 50 per cent net Now, in the East
or per cent net II considered . good paying
building, and IL seems to me that twice that, or
Is per cent. ought to b enough here. have
In mind gentleman who last year built row
OF three one-stoyy stores. The block cost him .
little less than 5000 He rented each store for
$50 per month, making $40 per month.
or $500 per Year for the three. You
- the building more than paid for itself
the frst yeari At $50 each these three stores
would have brought 20 per cent of the cost each
year. At $50 each they would have brought
about 30 per cent net Yes, store rents are alto
gsthsr higher than they ought to Be, and the
tendency to build low buildings to relieve the
pressure 10 in the right direction. After ave
years these buildings will have paid for them-
solves over and over, and can be torn down to
make.room for high Office buildings, which will
be demanded by that time.
The plans Of e. o. Schwagerl, superin-
tendent of parks, for the improvement Of
Pioneer place have been presented to the
joint council committees on buildings and
grounds. No action was taken ON the
plans and they are on exhibition in shop
window. The plan OF Superintendent
Schwagerl contemplates creating . park
out Of the triangular space between the
streets. with display Of flowers near the
apex and an oratorium at tho base. 1he
building, as designed. is 4Ox33 feet in size.
facing nearly towards the Pioneer block.
1t is covered with . shed roof. tho lower
side or caves being twenty-four feet from
the ground. In the lower part of tho
building, in the rear, is a store. and toward
tho front. ladies' and gents toilet rooms.
entered from opposite sides. The upper
part is open and arranged to accommodate
. band. and with the front extended into .
speakers platform or rostrum.
The contract for building tho West Sc
attic school was let last week and secured
by s. f. Chough, who will construct the
entire building, without the heating ap-
paratus, for 81, go. William Gardner &
90. have the contract for heating appa-
ratus at s., 800. The excavation has al
ready been made and with the grading
and cesspool will bring the cost up to $685.
600.
Among the building permits issued last
week was the one tor the Union Trust
Company's new four-story brick building
on the northwest corner of Main and Sec
onl streets, to cost $100.00l
Building permits have been issued to ].
W. Sprague for q two-story dwelling on
the corner of Fifteenth and Frederick
streets, to- cost 5000; to Charles Bonn
quist for q one-story dwelling on Six
tenth street. between Frederick and Al
lance streets, to cost s.. 900; to H T. Nor
ton for two-story house on Joy street,
between Blakeley and Division streets, to
cost s.. O0O. ana to J. K. Wright for two
story house on Sixth, between Virginia
and Seneca atreets to cost 81 200