The Minneapolis journal., 1901-04-13
Minneapolis

o r n Il ar nouncement Of Sumner
I. Meningitis big purchases from the New
lork Life people. Mr.. Mcknight bought
tne corner 1t Fl Fst avenue s. and Fifth
street, 99x165 feet. for 100000, and made
other purchases in the neighborhood ag-
gregating anotheat 800, 600.
The publication of this important news
by T e our n al is deeply regretted
Dy Its esteemed contemporaries, as it Is
understood Mr.. Mcknight contemplated
making other purchases in the down town
district. The esi ieemed contemporaries re-
1erred TO have allowed their chagrin at
getting left on the news to carry them
10 the extent lOf accusing this paper Of
violation of confidence breach of
faith" etc. TIL $ is untrue. No promises
were made to Mr.. Mcknight or anyone
else
However nowi that the air Is clarified
II does not. app ear than anyone has been
1rremediably in jured by the publication.
On the contrary, nearly everyone is de-
lighted with tn e news, and the universal
verdict Is that Mr.. Mcknight has done
grand thing br Minneapolis and should
not desire to hide his light under a
bushel
There are, c | course, two sides to the
realty market at all seasons of the year,
the bull side and the bear side. Some
dealers play ore side and some the other,
but the wise OF aes play both. 1t is good
deal like high wages and good prices
against low wRges and low prices-most
people prefer the "big money PROPOSE
tion.
A Phase to BE Considered.
There is on E phase of the market in
duced by recel ht transactions which should
be carefully considered by people who own
property and that is that the unusual
activity whicl has characterized the local
market has cen confined to the business
center 1t M ust not be supposed that be-
cause Mr.. Mcknight, with an abundance
OF idle capita 4, has seen fit to make some
investments In business property right in
the heart of The city that lots in the vicin-
ity of MINI ehaha Falls, shingle Creek,
New Boston ior Lake Harriet have doubled
or trebled in value. They have not. Like
the prosperit Y which first manifests itself
in eastern Q enters and slowly works its
way through the west, the improvement
In the down ttown district will not be felt
for long time in outlying portions of
the city. There is really no occasion for
foreign hol lers of Minneapolis realty to
get excited and imagine that their vacant
lots, two, hree or four miles from the
postoffice 1--we greatly increased in value.
Minneapolis is growing and in time all
property vim be worth more, but the
town is so big and property is so desirable
in every oI.le of it's f1fty-two square miles
that it will require an important increase
in populat ion materially to affect resi-
dence prof. perty.
All this is not to say that the market
has not received a healthy tonic. 1t
rather pr! ives that things are better, and
that b etter feeling exists among all
classes Of! property holders, but there is
no occasi on for putting up prices.
There Is No Boom.
Minneapt ,lis is not booming, but growing
In a healthy, normal way. Those who
handle t heir investments from this view
point w Ill prosper, while those who do
| not will be disappointed. In word, don't
| be afraid to sell or buy either, if you
get gt-lod offer, whether the property is
down to wn or elsewhere in the city limits.
| Building permits have been issued to
| w. H. Eustis for the erection of the ].
| /. Case company's new seven story ware
| house at the corner of Seventh avenue
and Third street S, to cost $65 900; also
| to the Minnesota Moline Plow Works
| company for the erection of a fve-story
| brick warehouse at the corner of Third
| street and Fourth avenue N, at a cost Of
| $40, ,OOll.
/
Ninth street and Mary place to the I'M
macu late Conception church for the con-
| slider; ltion of $4,000 have been filed with
the egister of deeds. The property is $50
feet by 165 feet, and will be entirely used
| for "a site for a handsome new church
ediflee and parish houses.
\ A $4,000 Building.
james R. Thorpe will at once begin the
erection of a $4,000 building in the rear
| of a nd connecting with the building at 519
First avenue S. 1t will be 44x66, with
| bas ement and six stories. 1t will provide
qusLrters for retail store and manufac-
| tur dng industries. Kees & Colburn are
| thel architects.
Building Notes.
Fhe Improvement Bulletin has the fol-
| 10y wing building notes this week:
i. Hodgeson architect, has plans for
ste ire to be erected by A. B. Coe of the
Surety Investment company, at 222 Fourth
| fr pnt will be OF terra. Gotta. iron and glass,
ar I'd the rear on the Postof1ce court. The
| 81 fe will be of pressed Roman brick. There
| W III be copper and galvanized iron work,
plumbing, steam heating, birch and mahog-
al ny interior finish. Encaustic tile and orna
| lental iron work, hard wall plaster, gas and
Eectric wiring. Cost complete. $4,000.
j. Henry Record, architect has prepared
= cans for residence to be erected on Irving
swenue near Thirty first street for Max Lea,
30 Syndicate block. 1t will be 26x42, two sto-
lilies, attic and basement, with plumbing,
bathroom. fittings, birch, oak and pine inte-
7fior finish, plate, loaded and d. s. glass, hard
'FaH plaster, storm sash and screens, with
furnace heating. e. r. Cobb, contractor.
Work has been begun. Cost, 81, 500.
F. E. Graves secured the general contract
ito erect G. c. Boyey's summer lake residence
at Ferndale, Lake Minnetonka. 1t will be
wo-story, frame with two pressed brick man
Eels, plumbing, gas plant, hard wall plaster
hardwood floors, screens and furnace. W. c.
| Whitney, architect. Cost, 5000
| The H. N. Leighton company secured the
| general contract to erect the Minnesota
Moline Plow companys building on Fourth
I avenue and Third street. It will be 80x
$50, six stories and basement, pressed brick
front James c. Llewellyn, Chicago, archi-
tect. Cost, $4,000.
1 John Wunder secured the general contract
\ to erect the Stearns building at 10 Fifth
street S. Kelly & Lamb will do the plumb
! ing work and the Menominie Hydraulic Press
Brick company Will furnish the pressed brick
4 and terra Gotta. Kees 4 Colburn, architects
| T. p. Healy secured the general contract to
| street s. It will be 28x54, three stories
and basement. The work of removing the
old building Is nearly completed. Cost S. 900.
1 Carl F. Struck architect, reports R. Nc
1 MILAN & Co. pushing the work on the Gund
Brewing company's building at 629 Cedar ave-
nue.. 1t will be 22x60, two-story brick Work
| has been begun on the foundation. Cost
| 5000.
| John Wunder, 84S Lumber Exchange was
awarded the contract to erect the Times
/ building at ia and 116 4th st s. The exca-
waiting has been begun in the Postoflce court
| The Keith company, architects.
Pike & Cook secured the general contract
fr nlrn INT