The Providence news. (Providence [R.I.]) 1891-1906, 1894-06-08
REALTY MARKET.
Changes That Have Taken
Place Since Last Week.



estate market for the past week shows In
transfers but trifiing falling of from
those OF previous weeks. As was expect
ed the coming of the Decoration Day holi-
day during the week had some effect upon
the number of transactions, but still there
remains the excellent sSowing OF 4S sales,
including several OF considerable extent.
The local agents report the demand as
rather brisk, with sales hanging
fire somewhat and terms moderate.
So far this season has been as
prosperous as could be expected after the
now that the effects OF easier times are
beginning to be felt there seems
general tightening in the realty mark
ct. Most of the business this year
has been done in the suburban
tracts. 1t seems to be the almost universal
desire to secure home sites at points Just
outside the city. Lately there has been a
boom in Smiths Hill land, and lots on
Gladstone avenue, near Eaton
street have been sold in punches.
The introduction of electric car serv-
Ice through this section of the city has
made the lots very valuable for resident
purposes, and shrewd and far-sighted
people have bought as a speculation. The
price of real estate on the Hill is about
due for rise, and, with the first steps
toward the building of the new State
House, a tremendous leap in prices may
be looked for. The loan market Is active,
and loans of the average amount are easily
secured on good security.
Important Sales.
Among the most extensive sales in the
real estate market for the week were those
by Gerald Wilkinson of Elizabeth, N. j.,
TO Lawrence Wilkinson, New York, inter-
est in IL lots with improvements
on South Main, Wells, Benefit,
Williams, Brook and Thayer
streets for $4,000; Daniel Smith
estate on corner of Dixie and Troy streets,
Schneider, estate on Douglas and Branch
avenues, to Daniels, Cornell & Co., for
$3425; Thomas Dixon to Simeon Morton,
estate on the Eagle Park plat, Douglas
avenue, west side, for $3.50; Clement ID.
O'Leary, estate on corner OF Public and
Plain streets, to Charles +. Holmes.
New Business Blocks.
The work of laying the foundations for
the new block to be constructed by the
the old Butler Row, demolished, is pro-
crossing rapidly. The debris from the
old buildings has been cleared
away and now gang OF work
men are busy in excavating
for the foundations of granite and
of Westminster ana Orange streets ad-
jacent to the Butler Row is also to be
torn down and new structure
of magnificent proportions will
take its place. The building will
extend back on Orange street TO the
Swarts' block, and the low modern struct-
present block, will be demolished. The
plans for the new block are in process of
preparation by Stone, Carpenter
Il Wilson, architects, and call for
six-story building of modern design and
substantial finish. When completed it
will be admirably arranged for offices,
large stores.
The New Suburb.
Lincoln Park, the new suburb, will be
opened to the public tomorrow. The
plat, owned by the Peoples Trust Com
pany, is located on the direct line of the
New York, New Haven & Hartford
Railroad, and it Is but is min
utes ride from the city. For the
last two or three weeks the work
pushed rapidly forward and now the ter
ritory Is to be open for inspection. The
plat Is connected with the city water and
gas mains and is partially wooded.
The kent-Stanley Block.
The Kent & Stanley new building at the
corner of Aborn and Sa bin streets is nearly
completed. The structure is of magnif-
cent proportions and covers an extensive
territory. The interior Is light,
airy and the entire block is
strong and imposing. Work on the block
will be completed early in July and when
finished the building will be unexcelled
for convenience and adaptibility to the
manufacturing Industries.
Intentions to Build.
George ID. Loveland, 447 Pine street,
build 2-story one family house on south
side Douglas street near Wayland avenue;
cost S2400. VIM. II. Place, builder.
q. l.. Bowen, 40 Westminster street,
build 2-story one family house on east
side Taber avenue, second lot south of
Humboldt avenue; cost $500. Presbrey &
Myrick, builders.
a 2H-story. two family house on south
side Tell street, near Almy street; cost
$2400.
j. p. Carl Weis, Dudley street, build .
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