New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-16
TALK IN REAL ESTATE CIRCLES.
REPORTED SALE OF THE ST JAMES H0TEIr
THE FUTURE DELMONIcOS-sOME
CURRENT RIjMORS

ICRRENI RUMOfc.
A story was in the air yesterday that the St M
Hotel property. at Broadway and Twenty-azAsk
had been sold for sum something less than am;
COO. This a noted hosiery In the days Of csr
tain William Conror the friend and adviser Of ~
Mccullough. the tragedian. The hotel has pas1d
through various vcissitudes. that the report ~
terday that II had been sod to syndicate creefd
much interest The property Is owned BY SUN
Spofford and other heirs OF the Spoffori estate.
occupies 9L+ feet in Broadway. 1921 feet in Twene
sixth-st.. ana extends $50 feet in the rear. ~
resentative OF the estate said yesterday that neP
tlatIons for the sale OF the property had been =
progress. but that definite understanding ~
been reached.
Ernest Dorvai. OF Dorva, Brothers. proprietc1x
the st. James Hotel. said last evening that uns
HIS knowledge no definite arrangement had ~
made regarding the sale OF the property.
From trustworthy sources II was learned ~
syndicate has for some time been seeking -
quire control Of the book bounded by the MI
OF Broadway and Twenty-hfth and rwsr1u
SITS. extending as far as Trinity Chapel War
obstacles In the way is said 10 be the 6rmsW
soil Glenney. who occupy a store imnsnss
south OF the st. James Hotel The syndoR
thus far not been able TO make terms win u
Another obstacle is said to be a property-owna
Joining Trinity Chapel in Twenty htth-st.' Mm ~.
mands 10000 for his property. II Is sa"
100000 has been offered to him. -
There has been rumor that the Isaac Tow. -
property, at No. West Twenty -ffth-st. Two W..
west OF Broadway. was Included In the synoeS
plans to acquire the block named and ereet az ~
mense building on the site The demolition VI ~
West Twenty hfth-st. has already been sesum - :
Is announced that a hfteen-s,ory Office puios y,
to be erected In Its place. The report Is ms =
syndicate which Is endeavoring to acquire ~ 49,
James Hotel property Is the purchaser OF inc w.
send property. s,sr.
The lease by Charles c. Delmonico OF inc -y.
wood House. at Forty fourth-st. and tifth-a'~ IA
Gates, according to real estate men, the w ~.
trend OF restaurants " the first class. ~. 4.
monico said yesterday to a Tribune reporter u.a..
would not take possession OF the Sherwooa -.,t
property until September. 1891. The old res. w,1s
In the mean time. will be continued upon wv
which have made II famous -..,x.
A to the proposed new Delmon.co's. ~ .,t
fourth-st.. Mr.. Delmonico said that the pr ~,
structure upon the site would be torn down s"S
seven-sto building would be erected N "s =.
The new building Is to be constructed o. ,.,,J
stone and 1t Is intended to make the arcn''es ~.
effects unusually attractive. The archnees nh
new building will be James Brown LORD. M.
monco said that detailed plans for the ne" ''
had not been decided upon ..r a..
There has been much speculation IS 70 ~. :,
position OF the Holy Trinity Church proven ~. ~
the northeast Of Forty-second-sI. anu ,.,cs
son-ave.. which was recently sold to T. r. IN,
with DominIck & Dickerman. The most p'",s n
rumor has It that the property has been so.u
an intermediate agency for the New. o.~ ss,,or
Railroad Company. Mr.. Dominick maze u.e n
inR emphatic statement on this point yes'e,u~. -
Tribune reporter: THE Holy Trinity Churcn s' ~
erty has not been sold directly or ind'rfc NOV .ha
New-York Contra, Railroad Company; = A 18th "a
to be fact As to what wiz De 1Vnv be i'm
property, l do not know. 1t VIII certA'"''
proved" 5000 .s.. The old chufcb
will be Demolished and that modern trs axe
structure Of some kind will De ersc,euh hotel viii B.
AS to the question whether or not nSn,is re- thai
put up there. those directly interested oeS''''
rspos, was Current yesterday in esdsni mSpso
the weknown drygoods arm,d w "a Fifthsye. BE-
longing Taylor e:, ,:e rsS tnst
Crawford Simpson proposed to erec assrrnS theif
upon this site, with a view to transie
business to- Fifth-aye. -. :. .h. house. When
William Crawford the head OF sne aid: sfheEs
IL nothing whatever IN the repcrt s.e1 here snl -
no need Of changing cur psaes -