The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-23

Seattle real estate is In prime demand.
Not in years gone by has there been so
much iauiry for both business and resi-
dence property. Yesterday two of the big
gest deals in recent years were closed. the
consideration in the two transactions ag-
gregating s7o.clo.
Eastern capital Is interested In both
transactions. The buyer is ]. A. Moore
formerly well known real estate dealer
of Seattle. who. about two years ago.
moved 20 Mexico and engaged In business
in Chihuahua 4 few weeks ago he re-
turned 10 the states. He visited ST. Louis,
where he is well known. and organized a
pool OF capitalists with the purpose Of ac-
curing some choice real estate In Seattle
before prices were restored to something
like real value.
Mr.. Moore has been in Seattle about
three weeks. About a week ago he began
negotiations with j. ID. Lowman for the
purchase of six blocks OF unimproved
property in the Nagle abolition. In all
there are sixty lots in the tract. which is
in choice portion of the city, and close
TO the Madison street line.
Mr.. Lowman has held contract on the
lots for nearly ten years past. The prop
erty stands in the name Of the heirs Of II.
l., Yesler. The amount asked by Mr.. Low
man is SO, goo This would make the lots
average little over $40 each.
The property is described as blocks IS
TO 43 inclusive. Ii Is bounded on the east
1x- IHg1s,r II
by Twelfth avenue. Fourteenth avenue is
graded. but Twelfth and Thirteenth are
not Thirteenth is graded as far north
as East Howell. which is the southern line
OF the tract sold.
Mr.. Moore said yesterday that IL was
the purpose OF himself and his associates
10 grade Thirteenth avenue through the
land and to ask the city TO open Twelfth
avenue from Madison street TO the north
ern boundary Of the tract.
II these plans and others that are con-
templated are carried out the section OF
the city in which this property is situated
viii build up rapidly. Mr.. Moore an
nounces that the lots will be cleared and
improved and a number of handsome resi-
dences erected thereon, the idea of the
purchasers being 10 open up the property
and, after making it a slightly neighbog-
hood. dispose OF the lots TO individuals at
a profit.
Real estate men say that the considera-
ton named in the deal is very low. con-
siderin- everything, the present demand
for choice realty included.
The other sale involved 100 feet square
on the northwest corner of Third avenue
and Pike strict This is considered choice
business property There are store build
inCs already on the ground. all occupied
end producing a good income. 1t is known
as the Bigelow properly. the owner being
!. n. Rigelow. The consideration in this
deal was $4,000.
I'm the East. the feeling of conservative
capitalists toward Seattle is such as should
inspire every resident If this city with the
firmest faith in its future" said Mr..
Moore yesterday. Men of meaEs who do
not care 10 take the chances involved in
speculation in mines in the Klondil<e re.
gard Seattle real estate as safe and profit
able They argue that II the gold fields Of
the North are developed and produce great
wealth. Seattle is sure 10 become n great
city. This. 20 my mind is sound logic"