The leader., 1900-04-25
BUILDING GOING
STEADILY FORWARD
And Many Fine Stores and Residences
Have Been Added.
The Time Excellent for Investment
in Real Estate,
For Sewerage and Drainage Will Raise
Values,
But the City Is Most Anxious That
Its Peerless Factory Sites
be Utilized.


estate business. which deals directly with
the Advancement of the city. The real
estate people have always had their eyes
open TO all avenues of progress and have
studied all the means which will bring
new people to the city or bring new cap
ital for investment. because that is their
business and thereby they live. Some Of
the leading real estate men have devoted
large part OF turIr time to looking after
new people and new business concerns
because they realize that where one clti-
zen of this city sells a piece of property
to another citizen Of the city, while the
real estate man may get his commission,
II helps the city very little. Therefore
they have put their shoulders to the
wheel in all problems of getting factories
and foundrles and ship lines and docks
and lumber mills and shipping facilities
and street improvements and drainage
and sewerage. These latter two they con
slider their special salvation, and with
their completion they look for boom in
their business. They also look upon the
river improvements and the Nicaraguan
canal as the ultimate things which will
make the old city disappear and a new
city spring up, wherein they will fill
their pockets with the legitimate pro
fits of their labors.
While the real estate people are look
ing to all these things to help the city
and their business, they are still busy
doing business, and anyone figuring up
from week to week the transactions of
the dealers and noting the splendid new
buildings which have been erected in
the last few years must realize that the
real estate business Of the city is very
Important factor.
While the prices of property are very
low here al present and the number of
sales Is more or less limited, every
dealer in the city will tell you that the
real estate outlook is splendid, aud that
IL VIII not be many years before prices
Will nave taken turn and the man who
Is in at the winning will be the man who
helps 10 keep the market on the move
and helps TO bring about those conditions
which mean new city and a new real
estate market.
The leading feature OF the real estate
market during the last year has been the
demand for good properly near the bust
ness section. and there have been a num-
Der of very important sales and some
large leases. Several fine new buildings
have been put up and others are in pros
poet. New quarters have been provided
for some of the big retail houses and one
or TWO large firms have come to the city
and 1t Is understood there are others
coming
The company which erected the four
fine stores in front Of the theatres. on
Baronne street, will soon put up four
more exactly similar, which will com
plete the square and make that locality
far III IRE valuable as business center
whereas a few years ago it was practi-
cally side street.
There have been during the past year
many improvements on business property
accompanied hy long leases Some of the
old buildings have been made to look like
new and there has been remarkable
amount of outside embellishment.
he paving of Canal street has stimu
lated the owners of property to better
their buildings and the absence of water
on the street on rainy days has been IL
matter of encouragement.
=, one OF the greatest improvements In
business property was the completion OF
the great GodchauX building. on Canal
street, which Is one of the finest build.
ings in the city. The fact that so many
improvements have been made indicates
the confidence of the owners Of real CS-
tate. The completion of sewerage will
be an event that will open up a new era
Tor real estate in this city. because the
houses Will all have to be connected,
and flats can lie erected and will m
doubtedly take the place of the meaner
structures in the vicinity of the center
or the city which will not be worth con
neetion with the sewerage system in
many cases They will have to 20 and a
which will not end until the old city dis
appears.
The development in residence property
mas been very great during the year and
the building of new houses has gone on
steadily in all directions in the suburban
sections and to less extent nearer the
center Of the city Where the electric
lines have been extended new houses
are going up steadily and this Is espe
cially true in Carroliton. which has de-
veloped wonderfully. some of the leading
people having erected residences there.
Carrollton is the extreme limit Of the
building operations. The reconstruction
of the Carrollton electric road. which has
established belt lines around the upper
portion Of the city. with the finest con
struction and equipment in the country,
thus furnishing elegant and rapid trans
portatiOn TO the upper sections OF the
city, has been a factor In the upbuilding
OF that part of the city, while increas ed
facilities In the lower portion have also
stimulated building here On some of
the streets which are wide avenues hut
have had drainage canals on them. like
Claiborne street, new houses have begun
to appear, with the certainty that very
soon those old mudholes that disfigured
the city and were called drainage canals
will he carried off into the great. closed
canals, from which no mud or smell will
be apparent.
Nobody has any idea Of the improve
HentS Wnlcn nave just heSnn TO follow
the Introduction of drainage and which
will to a much greater extent follow the
sewerage. New Orleans. when these sys-
tens are com0letcd. will have the advan-
tase of the latest improvements In this
respect. and there will be the additional
advantage that the entire system cover
Ing the city will be new and there will
he nothing old and antiouated TO deal
with. ms there was nothing of that kind
here. What the effect of this is going
nobody EnnwS-nnhnHr ao.tn
hut any one can see that 1t will he some
thing unprecedented in the line of
municipal improvement. and that ought
to hurry the work on the sewerage and
the completion of the drainage. which
should he Mt once connected in every
street and square in the city. The trium-
plant Endorsement of the sewerage tax
hy the voters insnres Its completion and
II will be the gladdest day that New
Orleans has ever seen when those sewers
are done and connected with the houses.
Every man who wants to invest in real
estate for the future In this CITY must
and Judge for himself what the result
Is going 70 be and where the hest place
for Investment Is going TO be, but some
body Is going 70 make money out of 1t,
leap forward that cannot he measured
by the progress Of any other city. he
cause there Is no other city with similar
conditions. There are people who are al
WAYS LOOKING backward ana comparing
the present with the mast. but It Is not
going to do in New Orleans real estate.
The past Is past and II will disappear
into the mists of obScurity very soon and
the crawfish and green mud cutters will
never more he heard of In this fair city.
There have been n number of things
developed in regard TO the land recently.
The drainage work has shown that I'M
derneath II Is not n mass Of soft mud
as many people who have never seen the
surface broken thought. Cellars were
nevS possible nr6ner,r put ,o win the DRAINAGE
known. and the deep pile foundations
tba h,,IlJ