The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-05-16
LOCAL MERCHANTS EXPAND.
SRIs d Go. To Conduct n Great De
partmcnt Store in the Metropolis.


NEW YORK. Nav 1j-SaIzs & Co, of
Washington. have secured the property
included in the block between Thirty
third and Thirty-fourtk Streets on Broad
way 1t is understood that they viii erect
q large store on this ground next year.
The above despatch was 1his morning
confirmed by Isadore salsz. of the firm
OF Saks < Co This firm VIII erect "a
seven-story binding. modern in every re-
sDcct. and the mercantile establishment
viii take rank with the most p-ousineut
concerns in its line in New York city
The invasion Of Gotham ny Saks & Co.
marks an epoch in the brilliant CONNER
cial career of that house, which was
founded in Washington thirty-six years
ago.
IsaGore Saks speaking Of the matter this
morning said:
We propose to have the largest and
best store of its kind in America The
entire front of the block on the west side
Of Broadway. between Thirty-third and
ThiTty-fouTth Streets. viii be covered
with d new. up-to-date business building.
We shall incorporate under the firm
name Of Saks {, Co in which my brother
and I, together with our associates. con-
tribute all the funds We have had this
location in view for many years.
The actual dimensions of the property
We have secured are 81 feet on Broadway,
132 feet on Thirty-thiTd Street, and 90
feet on Thirty-fOurth Street. We viii
erect a seven story structure with a sub
basement. The building viii be construct
ed of steel and stone. The buildings
which now occupy the property viii be
torn down Work viii begin on January
l. 1902 After the demolition of the old
buildings is completed the work Of cree
ton win be rapidly pushed By Septem-
Der Is, 1902, it is expected that the build
ing will be completed. ready for occu-
pancy, and we will open for business on
that date Macy & Co have secured prop
erty in the adjoining block"
Mr. Saks returned yesterday from New
York after having closed the negotiations
for the acquisition of the property The
announcement OF this important step on
the part of this Washington firm created
general interest in business circles this
morning As yet plans for the new en-
terPTise have not been formulated. ex-
cept in a general way. It is the intention
Of Saks < Co. to make their New York
store one of the most complete in the
metropolis The property Is in one of the
best business localities Of New York city
and this is evidenced by the fact that
Macy & Co, have secured the adjoining
property and viii erect a large building.
This step marks the establishment OF
new uptown shopping district, to which
VIII be attracted the best elias of patron
age afforded by the city
Arrangements VIII soon be completed
with the architects and designers and
plans for the new building viii be ready
h
erection of the structure. which will be
q beautiful Specimen of architecture. are
now being considered. Many valuable
points gained in the time Saks & Co. have
been engaged in business IN this and 9th
Ct cities, viii be applied in the construc-
ton Of the new building, which viii be a
model Of facility for business and com
fort for patrons and employees.
The fact that SAX. & Go. have estab-
Ished themselves in New York is by no
means an indication that the Washing
ton house VIII be abandoned Quite the
contrary IS the case. The New York bus
mess vii be conducted under the direct
management Of ISadore Saks. his brother
and their associates. The Washington en-
terPTISe viii continue to occupy it's high
position in the business world al the Ma
tiOnaI CAPITAL The only effect the New
York store will have upon the Washing
ton house VII be TO greatly broaden and
increase its scope The Saks stores viii
increase their commercial importance.
The Washington store is the parent g
adjustment Of a number which have been
he OutgTOWth OF the business founded in
his city thrty-six years ago. Under the
firm name Of SEA5 ~ Co there are large
md HouTishius mercantile establishments
conducted in indianapolis, Ind, and Nor
folk, Va. IN addition TO these there IS a
large buying Office and q uanEfa curing
plant in New York city The Washing
ton store has been a success for many
years and Is one OF the Isudma rkS Of
commercial history Of the Capital The
stores in other cities are fully as prom
inent in their respective localities.