The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-21
REAL ESTATE SHOWS
GROWING ACTIVITY.
Three Important Deals Show Trend
of Market and Form the
Features of the Week.
NEW HOTELS AND A THEATER.
Plans for One Hostelry Depend on
the Outcome of Union Sta
ton Park Project-Rc-
ports of the Agents.

ports OF tne Agents.
Features of last week in a realty way
included the sale Of the northwest corner
OF Eighteenth and Market streets for $780,
Oe. the option secured on Mahler's Hall
near Grand avenue for a prospective thea
ter and the sale Of the northwest corner
CT Delmar and Hamilton avenues where a
Worlds Fair hotel Is projected.
The sale Of the Market street property
was Of especial interest lying as 1t does
Immediately opposite Union Station and
being site which is considered Of great
importance on account Of the Worlds Fair
and the demand which 1t will create for
property around the station
John S. Sullivan of Jefferson City NO..
director of the Mercantile Trust Company.
was the grantor In the transaction. the
Union Depot Realty Company being the
purchaser. The property fronts 10 feet on
Market street and has a depth Of q feet
on Eighteenth street. 1t is now occupied
by the Grand Union Hotel and other build
ings.
1t is said that large hotel Of several
stories Is destined for the site, provided the
Union Station Park project fails to carry
~ !. Is decided to construct park in front
OF the station. the property is part of tina.
oestlned for purchase by the city.
Thcafer Plans Are Negotiated.
the option taken on Mahler's Hall IN the
west End is another transaction resulting
from the Worlds Fair. The building lies
Just east Of Grand avenue. at No. 35&5 Owe
street. ana has u frontage Of IS feet. 1t is
thought that the site will prove n good one
Tor a theater and negotiations are in prog
rsss looking to its conversion into such a
structure.
J. N. Levi. agent for the property. is con-
Quoting negotiations with Chicago syndf-
cate which expects to develop the theater
IDEA and to transform the present structure
into modern amusement house Extensive
changes Will have to be made, but the
present building Offers certain advantages
Tor theater which lead the promoters to
believe that the work can be accomplished
rapidly and successfully.
1T Is proposed to extend the front of the
from the sidewalk line. to the sidewalk.
thus giving additional space for a foyer.
The lot to the west, owned by Mrs. Forster.
the building will be extended westward Is
feet, giving a total frontage Of 100 feet.
The stage will be constructed in the rear
l facilities for the purpose. widening the
house in the. manner proposed and extend ne
the front and rear Of the building for foyer
a seating capacity Of loo persons sr .'''' -''
Building Will BE Easy to Alter.
| The interior of the building offers excep-
ttonal facilities for successful transforIna-
ton into a theater. The present dancing
| while the banquet hall is below the street
level. By removing the dancing floor en-
1 tirely and having the entrance from the
foyer at the height a. sSo da moor t%e
banquet hall. which will furnish just the
correct elevation for a theater door.
building, iiving-rooms were built. It ID pro:
posed to leave the floor OF these rooms at
the present level. but to cut away the walls
eas or the
ana braces will be inserted at the corners Of
l the structure. and the cost OF the improve
l ments lie estimated at $4,000.
The demand for some sort OF Amusement,
house In the vicinity OF Grand and Olive
| street has led to the project. and It ts he.
ieyed that tneater IN the ne e aasd.,
Fair. There has been some talk OF the.
alter for the property of James Campbei
at Grand avenue and Washington, but moth
| ing definite has been stated as yet concern
~ Deinsr Avenue Hotel Project.
The third feature Of the week was TIT
purchase Of the northwest corner Of Ham
ilton and Delmar avenues for $4,000 b!
the Lutz Bros, the well-known grocers o
the South Side. The lot fronts lO feet o.
Delmar avenue and the price paid therefor
amounts to $50 per front foot. striking
indication Of the result CT the Worlds Fat
in elevating values.
Yet another effect Of the Fair. that 9
| developing a neighborhood. Is apparent II
this sale. the intention OF the purchaser
being to erect a hotel upon the site A yea
to erect hotel 30 far west. but the prox
unity Of the Worlds Fair IL enough t
| assure success for many enterprises OF tn
| sort.
Rentals deserve to be called feature o
| last week also. Real estate agents wer
almost unanimous in stating that the de
| mand for houses OF all sorts. and particular
ly for the better class of flats. was on !,
| great increase and that they had no troub
lie in securing desirable tenants for sue
| places.
Flats on desirable streets rented readii
for larger sums than has been the cas-
this year, and rents are steadily rising al
over the city. Many agents believe tina
, this Is merely a temporary rise. however
and that the large number of new struc
lures and buildings Will tend to keep rent
at the present level.
OF the city. particularly in the business sec
/ tions- While no extremely large structur,
With the exception Of the Pontiac kealt
Company's building. destined for Sevent
and Walnut streets, is to be begun In til
near future. SO far as has been announce,
work on the buildings already started
improvements In Downtown section
Pine street is the scene Of several improve
ments. notably between Sixth and Eight
nard buiidins. the Ct LOUIS Tr a Con Con-
pany's building at Fourth and Spruce, an
. the building at Locust and Fourth to shn
. In partially completed condition. Broat
way has numerous structures, including I'll
Bank Of Commerce building, which Is Il
real feature in the building line at present
The work on this building has excite
/ great interest. The waliing up Of the fift
!. | and sixth floors before the remainder OF Il
] building Is completed has excited muc
! | curiosity. Both floors have their wallis
1 position. and will be completed before II
| finishing toches are given to the uppe
| portions of the frame, or before work hi
!, commenced on the walls OF the lower floor
81 Several transfers Of moment have take
. place in the last seven days. and the week
| record OF real estate transfers Is exceilen
II Is believed that the record for the mont
| will prove even more Of q record-breakt
than have the previous months OF the yea
Permit for Carriage Factory.
The new factory Of the Moon Bros, Ca,
rage Company will be erected at No. 80
to 1880 McKlssock avenue in the nes
future. building permit having been l.
sued yesterday to the proprietors. The pel
: | init provides for q structure to cost SH00
> The Mercantile Trust Company Ii cor
Quoting negotiations for the lease Of tf
: Culver building at Twelfth and Locu.
; | streets to manufacturing establishment
This building Is seven stories high and
hreproof. II was the first absolutely firl
proof building erected in this city.
The Mercantile Trust Company leased In!
. ! week to the William B. Becktold Printin
and Bookbinding Company for term
;. | i've years the building At Second and PHI
y streets now occupied by the concern Rel
Bot sr~w <nH hA