The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-04-09
MORE NEW STORES.
Improvement in Leary.Walker
Block on Second Street
OTHER suiLDiMo TO Pottow.
Werh - the Grading - Begin lnnes
1lately-0teres - Extsnd Up lGaA3.
cen - Third street.

The Second street front Of the block b.
tween Madison and Spring streets 10
shortly to be covered with . hne row Of
stores to DO erected by John Lsary and
Cyrus Walker, and the former will later in
the year build stores on the Madison and
Third streets sides of his part Of the block.
OF the 24o feet frontage on Second street
the south half is owned by Mr.. Leary and
the north half by Mr.. Walker. They pro-
pose to unite in grading the property down
to the street level for depth Of forty feet,
thus cutting off the high bank which
forms the garden and terrace Of Mr..
Learys residence. and building twelve
stores on 1t with . height Of eighteen
feet. These will be brick structures. one
story high. with piate glass windows, and
VIII DO intended to last about i've years,
oy which time it is expected that the ex.
tension OF the business district and the
growth Of the city will warrant putting .
large and substantial block on tho site.
The work Of grading 10 to begin imms-
diateiy.
Mr.. and Mira Leary are going away for
some months in few days. and on their
return i've more stores Of similar design
will be erected ON the Madison street side
Of the property. extending up to Third
street, and nine on Third street, where
Mr.. Leary owns Is feet frontage. The
residence will rema n whore IL 10. ~ the
new building will simply DO put under it,
but the alley will b widened somewhat
and the buildings now on Third street
moved back to 1t, 30 as to cover all the
ground. On his return at the end Of sum-
mer. Mr.. Leary will have the Chamber Of
Commerce building thoroughly renovated,
the grounds improved, and will occupy 10
as residence. The lease to the Chamber
OF Commerce expires on August 1.
The cost of tho twelve Second street
stores will be about $4,000. and Of the
fourteen other stores on Madison and
Third streets about $4,000. In speaking
OF his plans with regard to this property,
Mr.. Leary said yesterday:
Ivalus this property extending from Second
70 Third streets at Sls0.O00, and the buildiuss
will cost about $4,000. making . total invest.
ment Of $4,000. which will pay me about per
cent net III were to put up . big hotel block,
such a. contemplate ultimately, IL would cost
me about 100000, with another 100000 for the
furniture, and would at tho present time pay
only about per cent net In four or i've years
the city will have grown sufficiently to warrant
me In putting up such building.
The quarter of the block owned by Mr..
Walker, fronting on Second street. has
little history. It will be recognized a. the
piece of ground with . number of primeval
fir trees growing around an old fashioned
dwelling. In the early '7Os it was owned By
. German named Frank Gutenberg, who
made nice little park Of il and rsn bees
garden. there with musical attractions. He
began to open on Sundays. but Rev. Daniel
Bagley. whose church was directly across
Second street, strenuously objected. and
he was compelled to observe the Sabbath.
as far as outward appearances went. He
died about 1878 and in the following year
the property was sold to Cyrus Walker for
$4,000. 1t 10 now valued At $4,000.