The Providence news. (Providence [R.I.]) 1891-1906, 1894-02-02
LAND AND BUILDING.
Oakland Beach Plat a Magni-
ficent Piece of Property.
AFFORDS AN IDEAL SUMMER HOME.
The Central Real Estate Company
Yielding Big Dividends New Build
ing TO BE Erectcd-Dr. Morrison's
Elegant New Residence--Notes.

Elegant New Residencc-NOtes.
The Central Real Estate Company, or
ganized I'm 1890, owns eighteen OF the
largest and most substantial business
blocks in this city. The company was or
ganized for the purpose of investing in
centrally located business blocks
and pays from the rents received
quarterly dividends. This company makes
business of purchasing and improving
real estate located lin the centre OF the
city and among the owners of shares
divides all profits proportionally. Four
large blocks are owned on Westminster
street, four on Weybosset street and one
on Mathewsop and Broad streets respec-
lively, while smaller business blocks are
owned on other streets. The president
of the corporation is William VI. Hall.
The Lewis Oiney farm at North Provi-
dence, on the Woodward road, at the top
OF Wilbur hill, has been sold to Lewis s..
Woodward for S3400. This farm adjoins
the estate of Hon. Jesse Metcalf and COM
prises about 100 acres.
Twelve lots on Beaufort, Roanoke and
Carleton streets, have been sold by John
McAuslan to the Rhode Island National
bank.
Hall & Lyon, druggists, are to build an
addition to the building on the north
west corner of Mathewson and Weybosset
streets, at cost of $500. j. Nj. Bsttey is
TO be the builder.
The new buildings for the Cold Storage
and Warehouse Company, under process
of erection on Cove street, has taken def
mite shape. The severe storms of late
have caused work upon the structure to
be temporarily suspended.
A two and half story house is to be
built on the southeast corner OF Ocean
and Swan streets for Robert Willis. The
building will be divided into three tene-
ments and is to cost 5000.
The Sophia Dyer estate on Pine street
has been sold to j. +. a Il. j. Dwyer,
for s4012.5O.
The Oakland Beach plat is being doomed
energetically by VIM. w. Rickard * Co.
Without any exception this property pos
sesses the finest qualifications for resi-
dence in the summer months of any other
portion of the Narragansett Bay
shore. While sufficiently removed
from the city to escape the dust and tur-
moil of the streets, it is yet within easy
distance, scarcely forty minutes by rail.
During the past ten years there has been
considerable settling on the property and
each year is marked by an
inroad of new corners seeking
the country surroundings, but still anx-
ious to be In close proximity to Provi-
dence. The plat Is almost surrounded by
water and is well wooded. The waters of
Narragansett and Cowesett bays, Brush
Neck and Warwick Coves bathe its shores.
Included in the plat IL Buttonwoods, one
of the most popular watering places on
the Narragansett. 1t is the summer home
of numerous of the business men in this
city and the population is rapidly increas-
ing. There are two large hotels on the
plat, and these are crowded in season.
The contract for the granite abutment
and five piers east OF the centre line of
Francis street, in the rear of the proposed
new passenger station, has been awarded
TO j. s. Tank of this city. The work
will necessitate the using of
between 1000 and 5000 yards of
masonry and will will be begun March 1.
BY the terms of the contract work is to be
finished in October. 1t Is stated that the
sum of $4,000 will be paid for the job.
The tract of land on Webster and Union
avenues in Johnston is for sale. The tract
includes 81 acres of territory and is sur
rounded by q rapidly increasing popula-
tion.
The John Tiffany farm in Warwick
comprising about 30 acres, is to be sold at
auction Feb. IA at Apponaug, by mort
gagee.
A two and one half story house has
Just been erected for Mrs. Walter A. Wal
ling on Doyle avenue.
Building Ahead.
Several architects of this city are en-
gagged in putting up houses for specula-
tors who propose to hold them until
demand is created and then dispose of
them at fair figure OF profit. There is so
little real activity In sales OF land
in building operations that builders
would find little to engage their attention
this winter. George A. Youlden is erect
ing nine new houses on Autumn and
Eddy streets that will be sold as soon as
the season opens. The specu-
lative era is also on in
some of the suburban districts
and will be followed by active sales in the
spring. Most of the real estate dealers
predict revival in business about the
middle OF February. Architects express
more uncertainty as to the outcome.
street Improvements.
The fall of snow has blocked Temporal
rily the work on streets and avenues
noted at an earlier date in this column.
The macadamizing process is being pretty
universally used for paving public
highways. Cranston and the southern
portions OF the city have put in number
of good road improvements that add sub
stantially to the appearance Of the city
a large number OF such improvments are
projected for the coming summer,
Builders and Traders.
At the joint committee meeting OF
rchitocts and builders last Monday there
,as an animated discussion as
O the rights OF the profession
On the matter Of specifications, which was