The Providence news. (Providence [R.I.]) 1891-1906, 1893-04-20
REAL ESTATE Matters
An ActiVo Demand fof the 0f1ces In
the New Buildings.
THE TRUST COMPANY'S BUILDING
To he Given an Additional Story. Making
Nine I'm An-who the Tenants VIII
Be The New Telephone Building
Extensions.

The active demand for offices In the
few modern buildings now in course OF
construction in the city would seem to
be a sufficient cause for additional inn
provements of real estate of a similar
nature. Several are, indeed, ALREADY con-
templated, and builders generally antic-
ipate an exceptionally good business.
The most important of the buildings
now being erected is that of the Indus-
trial Trust company at the corner OF
Westminster and Exchange streets, run
ming back to Exchange place The cor
tractors, Norcross Brothers, expect TO fin
ish & by Nov. at the latest. There has
been considerable delay caused by the
difficulty of securing good foundation
in the mud and ooze which undeilies the
surface In that vicinity at depth OF ten
feet or more The lot, which measures
nearly 40 by 200, has been excavated TO
an average depth OF twenty feet, and In
one instance TO twenty-seven feet below
the surface, In order TO secure the right
sort of foundation for the bed
of concrete and cement upon
which the masonry rests. About a
month ago. the adjoining Weeden prop
erty was secured by the Trust company
on nine y-nine years lease. and IL was
determined TO cut into It TO make room
for the four elevators, skylights. eic
The portion taken is narrow strip, be-
ginning about twelve feet from the street,
which for sixty feet will b. built upon
to the full height of the new building,
and for fifty feet more will be used only
as first or ground floor extension.
About two weeks ago it MAS decided to
Add Ninth story
to the eight already decided upon. This
will make the structure one of the high
est In the city. Mr.. Hemenway, who
is in charge OF the cons ruction
of this and the Telephone building OH
Union street, says that the difficulty in
securing a suitable foundation To build
ings In thai neigh borhood adds some
thing like 10 per cent. to the cos OF con-
struction. The Trust company's build
ing. when completed, will probably have
cost, exclusive OF the land, about $780,.
000 1t will
he Finished Chiefly I'm Oak.
The contracts for plumbing, electric wir-
ing, gas piping and heating apparatus
are not yet let, nor is the interior finish
of the bank or ground floor yet deter
mined upon. The Nova Scotia freestone
now being used will be continued to the
ton story.
The ground floor of the building viii
be occupied by the Industrial Trust CON
panys the Rhode Island Safe Deposit
company, and in the rear by Wilbur,
Jackson a. Co.. bankers; The first floor
above It, will contain fifteen large
Offices, is already rented to a number
OF insurance companies aud agents, who
have also spoken for most OF the second
hoor Several offices az already rented
on the third floor, and lawyers have pre-
empted the fourth floor offices which are
nearly all disposed OF. A number OF
prospective tenants have been secured
FOR the nth, sixth aud seventh floors,
aud there are daily inquiries. The
eighth fioor, or the ninth story, will be
occupied entirely b. Stone, Carpenter a.
Wilson. who are the architects of this
building aud the Telephone building
also. The Weeden building adjoining
the Trust company's structure will be
also improved in the interior, the en-
tralce or tho ne " buildinS, aud its eleva-
tors serving for the upper floors of the
old building. The ground floor will be
rentted for two stores, as at present, the
front OF tbs building probably remaining
unchanged. The upper Il )ors will be en-
tirely remodeled for Offices.
The Telephone Building
now being CONSTRUCTED on the Union
street lot, measuring SO fest front by 30
feet in depth. will have cost, when
finished, about Sl25, 900. It. will be three
stories in height only, although suffi-
ciently heavy foundations are being
laid for future additions to the
height Of the building. Instead OF
cement aone. piles are being driven for
the masonry oil this building to rest upon,
bed Of cement covering the tops OF the
rss kax An hui k,,t.
VIII DO OF The Italian renn ,issa zee order,
will be constructed o. In iIana limestone
for the first story Of the front, the two
remaining stories to be either of white or
buff terra Gotta. This building will be
completed by Jan. /. There will DC two
stores on the first or ground floor. The
remainder Of the building witt be occu-
pied by the Providence Telephone com
pany.
The extension which Is to bs built by
the Brown a. Sharpe Manufacturing
company 70 It's main factory will be 1853
by 100 feet in area, four stories in height.
and will cost In the neighborhood of
ol00, 900.
BIDS were received yesterday fr ,m con.
tractors who are anxious TO build the
new building OF the Providence Athletic
club, at the corner of Broad and Potter
streets. The structure will probably cCss
about sl5o,00O. Gould g. Angel are tie
architects
william r. Schickel & Co.. of New
York drew the plans for the new st.
Joseph's hospital which is to cost Sl25, ,OO0,
but William X Walker will supervise
the erection OF the building.
The new building OF the Rhode Island
School Of Design, near the First Baptist
church, which Is TO be built by w. Is.
Horton & Son, will cost something over
$4,000.
Fifty thousand dollars will be expended
on the building Tor the Old Mems Home
on broad street. which William X
Gilbane & Brother are TO build.
The above buildings, concerning which
most Of the details have been printed,
make an Investment of nearly Que mill
Hon dollars, $g75,0O0. exclusive OF the
value Of the la.l~, which shows that there
10 not LACKING In tnis city money for real
estate improvement. The first neei of
the city proper IL It's future prosperity
and development be not vvoresIiinated is
q larger number Of moiern Office build.
iDRs. and IN Sc owners who are wise
enou IN 10 first see the ne essil v of meet
inx his gro ing demand Will receive
irk vuftt f.r hair tt.y