The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-29
ST. PAUL REALTY.

That the feeling in the st. Paul
realty market has been materially
strengthened is best evidenced by sew
eral transactions which have been clos
ed the past week; as well as several
others still on the tapis, which runor
says will become known within a short
time. and which will have the effect
of recalling the old time activity in
real estate.
While it is true that the agents
scarcely expect any unwonted activity
much before the opening Of the new
year, there is still considerable inquiry,
pointing to a willingness on the part
Of those who have money to invest to
buy good property in and near the
city.
Perhaps the most important deals
made during the past few days were
the purchase by c. r. Mailer, Of the
Geist property on Seventh street and
the lease Of q corner on Sixth and
Cedar streets, taken out by E. E.
Smith, who has become quite a. factor
in st. Paul properties. -
The Seventh street transaction is
in the nature Of an investment, while
the other deal anticipates the construc-
| ton of a building which will serve to
| strengthen the claim Of Sixth street
as business street.
Other dickers of minor importance
have been begun, and serve to indicate
the trend of sentiment in the direction
of greater confidence, and later on
stiffened realty values.
From tho oapfc NV Ooy,ooc he
report that inquiry is more sincere,
and results in increased business, es-
peciaIly in good improved property. The
land men, too, say they can now sell
well located farms and acre property.
Late in the week deal which has
been hanging fire several months was
closed by which Charles F. Mailer, late
of the firm Of Field, Mailer & Co.,
comes into the possession Of valuable
strip of property On East Seventh
street, which formerly belonged to
Emil Geist, the jeweler.
The property, which consists Of a
25-foot lot running back 125 feet, on
| which is a three-story brick building,
on Seventh, between Cedar and Min
| nesota streets, was sold through Will
liam N. Armstrong, and is bought by
Mr.. Mailer as an investment. Mr.
| Geist Immediately upon the consum-
nation Of the deal secured a lease OF
the building for two years
The consideration was $2350O, which
is a trifie more than Mr.. Mailer offer.
ed for the property shortly before cleo
ton. It is understood that he has in
mind several other pieces of property
| being of the opinion that the return.
ing good times will have the effect Oh
advancing st. Paul values.
Another new building on Sixth street
| and to be built for a purpose which
will bring joy to the merchants on thai
thoroughfare, is one to be erected the
coming spring and for which ground
will be broken this week. Directly
across Cedar street from the new Saw.
ings Bank Of st. Paul, E. E. Smith has
leased the property, and means tc
erect substantial building which viii
occupy forty feet on Sixth and seventy
on Cedar, and which will be used b1
Carl Neumann, the restaurant man, fol
the establishment Of cafe on the Ger
man plan. He will use the entire build
ing, which will be constructed of steel
brick and glass.
The establishment will be UNIQUE. be.
ing patterned after cafes in EASTER
cities.
The building will cost $3.50 The
fronts will be almost entirely of glass
the ceilings Of steel, in various pat.
terms, and the inside finish will be IL
black walnut, so that the furnishing
will cost $4,000, in addition to the orig
inal cost Of the building. It is expected
it will be finished by May 1.
The following is from the Improve
ment Bulletin:
E. E. Smith has let the contract t.
erect g. building on Sixth and Cedar
streets. Hugh Grant was the loves
bidder on the original plans, which
have been revised. Specifications: 40x7O
two stories and basement pressed
brick, stone trimmings, plate glass, irol
beams and columns, steel ceiling. TIL,
interior will be of harwoois, black wal
nut or otherwise. The building will b.
used by Carl Neumann as a cafe. Her
mann Krctz & Co., architects. Cos
complete, $4,000.
Cass Gilbert, architect, reports TIL
new Northern Pacific building near1,
enclosed. The Butler-Ryan company i
pushing the work and the f1reproofin,
company has a large force at work
The heating and plumbing men are do
ing their roughing in. Jones & Win
ters are doing the electric wiring.
John Engquist, 3115 Nicollet avenue
Minneapolis, has the general contrac
, to build q cottage on Raymond avenue
. ST. Anthony Park, for w. H. Grunha
gen. It will be 22x36, story and hall
frame, with stone foundation, hardwoo,
floors, loaded glass and mantel. Cosr
s., 200.
Thomas Fitzpatrick & Son secure
the general contract for alterations an
improvements in the three-story brio
store building at Jackson and Sfxti
streets. Work has been begun. w Fl
) Konantz will occupy the buiId;r~ ~''e
completed.
Fransen & Peterson, 15S Eat Ihr
street, have secured the general coz:
I tract, except heating and plumbing, /
build DR.. Andrew Henderson's resi-
1 dcnce on Marshall near Prior avenue
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