The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-18
Deals of This Character EngrOss
the Attention of Real
Estate Agents.
BUILDING REMAINS ACTIVE.
Demand for Land Adjacent to Pub
lie Parks Increases-LOts in
Tuxedo Park Are Readily
Sold at Good Prices.

feature OF the week in realty circles, sales
In residence property and desirable building
lots occupying the attention of the agents.
Chief among the sales of late has been the
disposal of lots in Tuxedo Park by the
Lincoln Trust Company, and transfers OF
West End realty by the various agents.
Sales in Tuxedo Park property have been
of particular interest. the demand for land
in this section having been extraordinary
In the last few weeks. Sales along Atalan-
Ia avenue have been especially OF interest.
Prices realized have been extremely salts
factory and indicate that a steady demand
in this section Is likely to still further raise
the prices.
Development of downtown property has
steadily continued. Many of the old build
ings. which have stood for years ON the
principal streets are doomed, preparations
having been made to replace them with
modern structures. The increase of build
Ing along Washington avenue has been I'M
| precedented IN volume. while all the main
streets are having charges made for the
better in the Institution of new buildings
ia place of the Old-fashioned affairs.
Talk of Two New Theaters.
The most recent development of the the
atrical situation is the announcement that
two new theaters are planned for the down.
town districts. one being a sort of audi
forum or concert hall on Broadway be-
tween Pine and Chestnut streets. the other
the long-expected structure on Twelfth
street. Plans seem fairly definite for the
two buildings. although many will be best
convinced by seeing work started on the
structures
So many rumors OF new theaters have
been current of late that the announcement
Of a new enterprise of the sort esembie the
cry of wolf" The latest situation seems
to promise some development Those be-
hind the scheme have announced their plans
with some degree Of positiveness.
II. A. and Max Koehler Of the A, b. &
Brewing Company are said TO be behind the
scheme. which was promoted by Frank han
city. MIR. Hall conducted a water circus and
other schemes of a similar nature in Chi
cago for several years, and believes that
such a scheme here would be profitable.
According to present plans OF the pro-
moters. the theater on broadway VIII cost
about 10000. a lease for ninety-nine years
having been taken on the site now occupied
by the A. b. c. saloon. Plans have been
drawn for the general design Of the build
ing. an auditorium plan having been followed
In the outline.
Tiers of boxes are to be built around a
large arena. which will be foored with tan
bark and will be capable of transformation
into a water circus. Rubber mats will be
used to cover this space when II Is desired
TO flood the place for water circuses. Be
hind the boxes will be rows of chairs in the
regular theater style. The place will be
about IS feet wide by more than 100 feet
Plans for the other theater are not so
Il utUllte. all III u III idibAs tAAAin
TO hang over every theatrical enterprise des-
tined for Twelfth street. According TO Mr..
Max koehler, the thea,er probably Will be
and will cost about $O.OU-
The two projects are the result of the
Worlds Fair movement. and may be the
forerunners of several schemes of the sort
projected for this city. II Is regarded as GER
tain that several new theaters, at least. will
be built to the patronage
brought here by the Fair.
Mercantile Trust COmpany's Quarters.
Work is progressing rapidly on the alter
ations of the old Baptist Publication Com
pany's building on Eighth street. near Lo-
Gust. which Is to be occupied by the Mer-
camille Trust Company. in addition to its
present quarters. The company announces
that it will be ready to move into the build
ing by next Thursday. the present quarters
the trust business Of the concern, connec-
ton being established by cutting through
the walls of both buildings. Workmen have
been employed for several days on this
piece of work. it being necessary TO cut
through five feet of solid brickwork before
both walls are penetrated.
The new price list of the Mercantile Trust
Company has just been issued in book form.
and contains a list of more than 1870 pieces
of property which are for sale. A new ar
rangement has been followed I'm tabulating
the property for sale, the city being di-
vided into eight sections. and a map of
each section printed at the head OF the va
rious lists. Other divisions arrange the
property according to its listing as rental.
business. investment. vacant or residence
property.
Increase In Building Operations.
opera mSss f for IuIx Il lneT notIeea n oq IN ss'
Louis over that of last year. The percent
age of increase for last month over July OF
of any city in the country. with the ex-
ception OF Atlanta. where practical stagna-
iion last year gives a large percentase Of
July. 1901.
ST. Louis is far ahead in percentage of
any large city in the country, Chicago's
lnCrpISe being but 80 Der cent. PlttSburg'S
80 per cent. Philadelphia's 81 per cent. St.
Paul's lO7 per cent and all other cities below
% per cent. The general average of in
crease is AZ per cent for the entire coun-
try. New York showing a decrease in build
ing operations of , per cent.
The oil boom has increased the percent
age OF many cities; especially Western and
Southern points like Los Angeles and the
Texas cities. When it is considered that
the growth In st. Louis is all substantial
building and not mere mushroom structures
like those which have sprung up in these
boom towns. the steady Increase Of build
ing operations here can be appreciat ted.
Sales In Lafayette Park Addition.
Several sales Of interest have been noted
! in the last seven days: The Lafayette Park
addition. owned by Mrs. Elizabeth Donald
son and recently the scene of an auction.
produced several deals. Henry L. Bartling
has nade sales of late on the site of the
old South Side Park. lots along Russell
avenue hayiLg brought a good price.
Mr.. Bartling has but recently returned
from Davenport. Ia. where he went to close
the purchase for Mr.. and Mrs. Donaldson
L N U U lnOmdS Alien. MIS-. Anna
l. Chauvenet and the Duchess Lante Della
Revere OF Bernaia. Italy. In one of the most
valuable business corners of Davenport. This
property was l2sx1O feet on Third and Barry
streets in that city and the price paid was
$4,000. The purchase gives Mrs. Donaldson
an interest amounting to 81 of the property.
West End property has developed greatly
as a result of the Fair site being placed IN
that neighborhood. All along the West End
streets in the neighborhood of Forest Park
steady increase of building is noticeable and
the development of this section in the next
three years Is considered certain to be aston
ishing.
One fact which the location of the Fair
has brought home to most investors is that
residence property along the public parks is
a most desirable site for a home. In other
cities. IL is pointed out. the proximity of a
Park Is sufficient to make a district of great
value. the certainty of an open space before
a residence and the freedom from any OBJ
1ectionable structures being placed before
residences. calling the attention of investors
to the desirability of such sites.
Riverside Park and Paramount Park IN
Philadelphia are lined with fine residences.
and the same can be said of the majority of
cities in the country. In st. Louis the parks
were either placed downtown when the city
was still in its infancy. such as the old
Missouri Park. Carr Park and other public
squares. or were laid on the outskirts of the
city ike Forest. OFallon and Tower Grove
parks.
u Value Of Property Near Parks.
The rapid spread Of the business centers
and the Increasing value of the downtown
: parks. made II necessary to border them
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