New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-10
SCORES OF NEW BUILDINGS
TIE STORY Is TILL SANE 'FlO" y
AND DOWN

NC OFFICE STRUCTURES SOON TO ZEE PUT Up
r,ANs FOR APARTMENT HOUSES AND
FAMILY HoTEIS-oNE Efff<f Or
r,,r DEATH or CONGRESS.
.S.,vvard uo,"-not westward los nov
On. cry ~ the capitalist. me ''"s',ioo'" ~ "a
'"' tho setting have little attraction
'ne ia"" xou-york real estate investor. he
NV" " ,nortunics home for the invest
Hee ~ his spare cash While values deterio-
.S on around him during the existence OF the
,o congress the owner OF downtown real estate
,-' - ~ his possession. He knew that better
L., Nus. come. and he set about preparing FOR
- He anticipated the retirement Of the pot-
~ vreckers ny laying his plans for activity in
A.. -eaI estate field this spring Architects and
h,,,,ders were consulted with and plans we're sub
r,i,,ed and approved The result is that there will
DO an extraordinary amount OF building downtown
in the next twelve months.
Real estate men do not say there is going 10 he
p boom III their business. but rather that there
will be-and. in fact. is alreaGy-a substantial ard
healthy revival OF interest in solid investment
The tendency OF investment at the present time
Is largely in the erection of big Office buildings
downtown although capital is by no means inactive
IN the development of the upper or residence part
OF the city. There are planning about twenty
FIVE large Office buildings. to be erected peio"
Fourteenth-st
Haas e. Freid the contractors OF No. IS John-st'
told a reporter for The Tribune yesterday that
there would he buildings torn down IN Ne"
York within year than ever before Ihe'e We"
now o-er eco being RACED TO the ground 10 man
way for more substantial structures 10 De ViV
or their sites ., :,
,r,o,,. ,ho bc buildings which will he erected is
.,a, y, tho \ev-York Realty Company. al NOS
s. 81 and 80 Nassau-st.. and incindins NO 90 i'i
tv-st Another big structure is 10 go up a. 'Nau
Lane and Willianl-st.. on the proper'E Oh III l. ="
,rbomas A large building will also he erected ny
,be PIatt estate at Nos and Exchange Place
.,ich Will be designed for the manufacture OF
fine jewcry
A NOTABLE SKY-SCRAPER.
Orc of The largest and tallest office buildings
ever erected. and one. which II Is said Will mako
Chicago fairly weep with envy. will soon begin
rs progress toward the skies at Nos % p and %
Will!am-s,.. and running through and including
No Sc Exchange Place being the southwest corner
o. Williams and Exchange Place. 1t will he put
up by syndicate
The long-contemplated Improvement OF the john
son estate is said now to be assured fact Plans
for an immense structure have been accepted The
new building will take UP the whole frontage
one side OF Exchange Place. between Broad and
New SITS I will also include Nos. So 90 Ga and &c
Rroad-st. and Nos. 80 and 81 Newest The cost will
be $4,000
J. L. I.cvness. the real estate broker OF No. %
Idbertv-st said that the structures mentioned
did not by any means include all OF those down
town for which plans had already been drawn.
A representative OF the real estate brokerage arm
OF James L. Libby & Son OF No. 90 Libertyst., also
spoke in the hopefu. OF the activity OF
capital in real estate field. no boom. but
plenty OF business he said. Many other brokers
spoke in the tone. and all 1rophesied the
greatest activity ever witnessed in the erection OF
new buildings this city within the next Two years.
The estimated cost Of the great Office building 10
Theodore \. Hayemeyer is between |.OOO'" and
''''''''' IMPROVEMENTS UPTOWN
tho .rec.Ior
OF buildings are by means to be confined to the
downtown districts Real estate investors realize
that although people live in offices during the day
time. they insist having some 1lace 70 lay their
heads al night There is also deep-rooted objec-
ton TO being compelled to 20 10 Lonesomehurst
to find K
YAmong The new APARTMENT houses fox which plans
been asfeRieq Is one 6 on snS The co
sd sSS viii The Be s Is 10 6 am
central ParS, West that Will necessitate the ex-
Four na,6ouses viii be erected on the propeT;y on
the souihwsst corner o. n Tot y
Todd They will cost about Sj0"tl
os and SKI ato DE- one Fe on Se
southwest corner o; OEehundrnd nth-st
ner OF Observation-Disclosures seventh-st. and Ber-
Hear.y $1,000 VII he expended IN ne, improve
ment % the northeast corner o. :. Nicholas-ars.
1Iyde viii erect hotel at Nos a. u and IS West
Forty -dfth-st 10 considerably 10000
\ seven-story building VII! be put np at one hun
dred: and twenty snd Seyenih-ave by Da-
vld S;ein'ed. at cost Of $4,000
The foregoing but FEW OF the many new
buildings TO be erected. ]. would take book 10
mention them all
EFFECT OF TIE STRIKE.
Should the present strike IN the building trades
continue IL might have an injurious effect the
plans OF the real estate investors. but the opinion
IS that Il vii soon be over. The strike has more
effect among tho newcomers In the real estate
field than IN the ranks OF the old-timers. These
expect more or less such trouble every year. All
contracts made nowadays for the erection OF build
ings have wha; is known the strike clause. The
contracts call for the completion of the buildings
within stated time provided there are no strikes
not so prevalent now in times gone by. The
TABOR men are adverse 20 ordering strikes. and
aoout the only time they Will DO II Is when an
attempt IL made by the bosses TO break up their
unions This. they say the chief OF the
strIke OF me electrical workers. which drew into
II some thirty other OF the building trades II IL
TACT that after the strike had begun. the Flee
trical Contractors Association came on wth a
statement IN which 1t said its former employees
10 affiliate with any central body o: labor unions
4, There are however, only twenty-six firms IN
though they have become wealthy nv besne amor o
the first In tho business there ara Ynanv arr,s i1
that business not members Of the organization
Should the association continue TO refnsa to az
bltrate or 10 make any settlemen. with 81. go
all contracts for the erection OF building v',i
1t s said, be given 10 outside Arms. "
tied up In unfinished and cont empated new b,,iid'
.ngs. while twenty-six firms are haggl,ne
with 800 or 500 employees over trihing matter o:
whether they shall give tho tho eighth
workday IN six weeks or three months