New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-30
LATEST REAL ESTATE GOSSIP.
THE PLAN FOR THE UNITED CLUBS BUILD
G-SIEGEL-COOPER COMPANY'S
NEW STRUCTURE

NEW STRUCTURE.
Representatives Of the owners OF the southern
half Of the block bounded by Broadway. Sixth
ave. Thlrty-sixth and Thirty-seventh SITS still say
that there is no prospect that the projected mag
nifcent United Clubs building. be used as head
quarters for women's organizations OF various
kinds. will be erected that site. Indeed, the
building itself. already reported in the Tribune
appears be project still entirely in the air. An
elaborate prospectus has been issued. however.
about the scheme. 1t is fully illustrated. The
front page shows cut of a magnificent structure
In the Renaissance style, with detail treatment OF
Greek character. The building Is supposed 10 be
800 feet high The description Of it shows a careful
attention to all appointments and arrangements
fol- fine a clubhouse as could well be construct
ed. at expense said to be estimated at S,OCO.Oo
The interior Views presented by the prospectus
are fairly bewldering in their richness elaborate
ness and finish. There cuts OF a grand banquet
hall. library. grand staircase In the womens
salon leading to a ballroom and the banquet hail.
grand salon." and club auditory
According to the printed description. the scheme
OF decoration for the important rooms has
been restudied from of she most celebrated
OF the foreign examples OF this class. The club
auditory Will resemble that OF the palace OF Fon
tainebleau In many respects. The motive OF the
banquet hall has been taken from the ducal palace
I'm Genoa.
The authors of the prospectus who call themselves
the New-York United Clubs Building Company,
proceed upon the theory that the company will pur-
chase the property on the site already mentioned.
one OF the persons interested in the matter said
yesterday: There is prospect whatever that tho
proposed building will be erected at Broadway and
Thirty-sxth-st. There have been some negotiations
splendid one, but it is exceedingly expensive. The
money Is yet 10 be raised. Plans and ideas are one
thing. Money raised Is another. However. some
thing may ultimately come OF the matter. But. as
Il stands now anoih her Site VIII have to be chosen.
The little old brick building at No 2s4 slxth-ave.,
Of contention between the slesel-cooper Company
and Andrew Souolrous, is to be vacated on May j.
down the structure and be able to erect It's immense
building without any further impeachment.
OF yellow brick. good deal has been written about
II for nearly year. IL is now shored up a.! around
struck it. All the tenants except Mr.. Soubrous
moved out last August. He is a real estate agent,
the house for the last twenty-one years. Yesterday
he declared that he would move on Friday He had
ont year ago. ii.s lease expires tomorrow
noon. Now ne declares that he VIII bring suit
making the I'D 6uins a az He s9bie
the res! OF the building TO the other tenants.
pany which has a AcwYork office at No. Isl Sixth
named by Mr. Souoirous. and ided that the demoli-
ton oil the old building would be accomplished prob
The attention directed recently by The Tribune
TO the Development 81 real esta,e interests In the
has prompted William Allen an old real estate
dealer OF this city to write to The Tribune upon tho
subject. I his communication Mr.. Allen says:
Two years ago You predicted tnat real estate In
FOrty-secOnd-s.. ard FIfth-ayc would fise enor-
mOusly in value. The theory was combated by
furr,r. who has sold a place in West Forty-second-
st. which cost go 90 f5r tli0.G)) Now Greater New
York IS mere and. mark me-. realty In Forty second
At. VIII command the high..' prices In any
street ia New York. save Wall-st. and Fifth-ave:
The Hudson bridge Tden library ami rapid
transit Will lie the factors. a great Office building
Is urgently needed AZ near Forty-second-st. and
broadway. ] believe rcaltv In that centre VIII soon
be as high a. I'm Wal-st. Yes. you forecased wise
~ | have been a close observer for forty years,
and represented large estates. Forty-second st,
Ff,h-ave and broadway Will soon be like the
hear OF London" .
While the writer IL decidedly enthusiastic Il Is
no, 10 re expected that Wall-rt IL TO be encrcacheG
upon by uptown real estate movements. The opin-
ion among real estate men f., however. that the
recent movements in the district thus spoken OF
indicate coming centre OF great importance in the
dcvei. pment OF the city