The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-09
WANTED TO BUILD A NEW HOTEL.


Savannah has again narrowly missed the
opportunity of securing handsome build
ing in the business center Parties from
New Orleans, who came here for the pur-
pose few days ago, made an offer 10 Mr..
p. Dub for his Screven House property,
their intention being, If the offer should
be accepted, to erect on the site a mod
ern hotel and office building at a cost of
$4,000 Unfortunately the offer was not
sufficiently large in Mr.. Dubs estimation
and was declined.
Mr.. Dub, when seen by a Morning News
reporter yesterday in reference to the mat
ter, would not state the names of the
would-be purchasers nor the exact amount
The offer he said. was in excess of $4,000.
and was made by two gentlemen VINO came
here from New Orleans in the interest of
capitalists there, who had been looking
over the ground and desired to make an
investment here. They propesd also
should they secure the hotel property, to
buy the two lots east of the Screven.
Their plan, as they revealed il TO Mr.. Dub,
was to erect an eigbt-story hotel and Of
flee building. and probably theater also
as a part of the building, with a roof gar
den at the top. The building was to be
thoroughly up to date I'm every particular
and 10 cost about $4,000
II told them" said Mr. Dub, that they
could have the property for 800, 900, and
that l would not consider anything less.
They said that it would be impossible for
them to give this amount. l am not anx-
ious TO sell al the figure named and since
/ have considered the matter am not in
clined to renew the offer"
Three years ago the Equitable Life AS
surance Company of New York desired
to secure the ScreVen House site for the
erection of a modern office building. The
company made Mr. Dub an offer of $4,000
cash, the use of the hotel for year free
of rent and without interest on the pur-
chase price, and everything above ground
before building commenced, the company
only desiring the lot Mr.. Dub estimated
that this offer meant about $1OS,O0O to
him. He declined it, his figure at that
time being S150,O00. He has lowered his
price somewhat since, but seems TO be
still too high for investors
am not anxious to SELL" said Mr.
Dub. THE site is a desirable one and
will no doubt be worth much more in the
near future than the price now place
upon it, 1t is only once in a life time
that desirable business corner like this
is put upon the market and when it is it
should bring high price"
Inc Screven House property has 'front.'
age OF 40 feet on Congress street by a
depth of 30 feet on Bull street. Any new
building erected there would doubtless
race on Bull street The average of the
two frontages being 1o5 feet it will be seen
that Mr. Dub values his property at near
" 10000 per front foot. Mr.. Dub said he
did not think the New Orleans parties
had made an offer for any other property
in the city.
There was rumor afioat that offers had
been made by Mr. Herman Myers. presi-
dent of the National Bank of Savannah
for both the ScreVen and Pulaski Hotel
properties at $4,000 or $4,000 each. for
the purpose of securing site for the
erection of a handsome bank and Office
building, and thereby providing a new
nome for the National Bank. Mr.. Myers
ls'out of the city, but the rumor probably
grew out of the offer made to Mr.. Dub
Tor the Screven property. The National
Bank' however, is known to be DESTROYS
OF securing new location where 1t will
nave more commodious quarters and
move by 1t in the direction of a new build
ing would create no surprise.