The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-28
week OF ACTIVITY
IN REAL ESTATE,
Washington Avenue Lots West of
Fifteenth Street Sold for
$1,000 a Foot.
RuMoRs ABOUT BEERS HOTEL.
Negotiations for Sale Said to Be
Pending-Presence of New York
Men Causing Talk of an
Elevated Railway.


|
|
one OF the most important realty sales OF
! the week FROM tba staDdno,pt of nrice per
| Co.. =.
'e iool ieeei'co was the uistosai Vi ->oS'
| loll and lob Washington avenue, with
| frontage of 81 feet, by Mrs. Minnie Fried
man tn Nax pufeles for SEQ 95n mr. more
| ,b =, o,, - 60, So. IT. ,,,o nos 70
''"' si'v0' pei toh. i'''' ne sa'e was
| corded Friday. 1t il considered a striking
Indication of the permanence in values
H.. u-.s,-.. -.
"is washington avenue
| Another sale of Importance was that ham
died by the Mercantile Trust Company
yyhich soid ~ so,,.h,r,.. oor,,ar ~ Trron'
- 81. ~, 80 !.
| teth ana oiiVe streets. fronting IL 1eet b
| inches on Olive and log feet on Twentieth
| street Ter $4,000 to Amedee v Reyburn, Jr
on behalf of Charles r. Black. administrator
| of ,b. Na-,b, A Nckni,bt estate
| -, ,h, - 3. n, 49,, ,r
! - -. - - ,.
tieth streets was also sold by this company
| seek, Tor slI,2t+. the property having 'front.'
age of . feet on Pine street, and depth of
| io5 teet along twentieth street. The two
safes are part OF an extensive series OF pur-
| chaSts when the Reypufn IamiS mas maae
! IlIeiE, sites purchase ed includins that OIL the
| 9id beiVe0ere Hotel at Ihirteenth ana
! washington avenues ana several oeSTapie
| iodS along Pine street.
Taken all together. sales of property along
| iins street ana Market street nave peen
such that II Is apparent that quiet revival
mas set In all around the Union Station dis
! uict. shrewd dealers in realty have been
quietly ouEins up property along Market,
! fine ana OhTe streets for the last TWO
months, and all sales have been made on
a basis of top-notch price
Humor of Beers Hotel Deal.
Two reports excited considerable interest
amon, real estate agents last week. one be-
ing a somewhat positive rumor, one of
! many. about the beers Hotel property at
4 .Nr:..
| tions have been carried on with Mrs Hdr-
,iet ,seers owner of tn. propertv. but with
ONT avail and the first deal that appearS
! to have something definite behind il Is now
reported 'A'''
X D. Miller of Warsaw Ind, now stop
ping AT No. 2sSS Locust street is said to be
acting for Messrs. Durant and Wheeler of
| New York one of whom, R. NJ. Wheeler,
| is now stopping at the Locust street adj
dress. MIR Miller admitted that negoiia-
tions had been carried on lately. but Ie-
| fused to state just how far the deal had
| progressed
i have come to this city with the in.en.
! measure" he said. land have nothing to
| saw about the Beers property, although
something has been done IN that quarter.
Tie fiaal is so indefinite, as vet, however,
that nothing can be said.
II regard fats as a good speculative BUSH
ness. in view of the Worid's Fair and have
residences
Durant and Wheeler, for whom Mr. Miller
is said to be acting are interested in hotel
, Gently came to this city from New York
for the purpose of looking into the matter.
The Beers Hotel property. which is said Ia
| be the center of their negotiations, is stu
ated on the northwest corner of Grand ave-
nue. and Olive street, and consists of a
building about fifteen years old, occupying
a lot 100 feet front on olive street with a
depth along Grand avenue of 152 feet I
, inches TO the alley. Immediately to the
!. west of this property is the residence of
l xrif front.
and just west of this is another lot owned
by Mrs. Beers and occupied by the building
las feet in frontage.
Price Estimated mt $4OO,OOO.
, Rumor states that Messrs. Wheeler and
Duraut are endeayoring to have price set
both upon the corner lot and building and
upon the site of the Conservatorium This
, latter building is former double residence
winch mas neen transformed INTO musica
studios, while the hotel building Is fairly
eonsiuei auie ,son 600 az - h eepy e. ~
ost heaan Stv''Vv las Wi,,.r dec,inaa ' rs
ST. ~ ps, fio,,r. Of mre,sio,,s nnsotia
sia.e tne eMaca nSuS ui tb ne. ..a
III, aocmrate '"'' '"e Gum wa
h1Uueiatei. aeSulat S ,,; ~.
l nofth store OF the Equl,apie ouiloins o.l
me SKIN street sue mas uevelopeu ina 1as
some Iauicai GhaaseS az p'ospes ns iV W
.he nui9dn sao az, sa,d tnat an ,sSsd ;,t 70
cost az ieasI SsV'vV anu 10 De dueu i ..o
separate stores, Is 10 De instaHeu IN tne
= lower floor oil the puliolng, PROVIDED the
consent OF the MISSOURI Safe deposit CON
pany can be obtained. This company holds
long lease on the ground noor OF the
bdiiins, ana any improvements must pe
made with its consent. Inc need Tor an
arcade IN the building is said 70 nave arisen
r,o,.. me increase III '"'"e' VI 'iN''' s''e@
piUpei 81, p,,.,o,, S,,. f-,,,n,,, r,.-
ne ,aa nnVe ias ne H.
% son ast.us, ,, oeu ,ara, om s ~
pIeselt Sill s.ssea aua. .1,s se ~. e. 81
aos; Mhet .,e ploe , pr nIth,. %. n ,,uas
-. 60 t ~ ,ts', IT,. &c e, a. ~.
s s .soM .he I 49, u. ! S1 anl u,
mas eneSteu iease 10 JeMenS lnm ",
.ne oi ne Eot .oi VI .ue s.oie ~ " up.eu
: pE me baker-Basiess COMPANY. Inc pI!ct
+ closeiy approaehed eWo-tHiruS OF tne ren. .'
IhetltioHeo III 'ie iease VI ehe shoe eoii'
I pans-
: Arcades Tor once buildinGS.
With this healthy condition Of affair
: | along Sixth street, the need of an arcade a
a the point mentioned can readily be seen
. Dealers of the city, specially drug store pro
nr,a+ors and beads NJ similar enternrisee
t are beginning to realize that enough trad
is corcantrated in the average larSe of,ic
, bu;lSing to afsord connfortabie nrof,t a. :
: ca,, be soc,rad and tba arcada 70 rar.rd.
q nc an ,,nor.Isnn i;i-.i, ~ he ner,nansnt 4
! The r;tv '-'' " ~ -
: 80 Sa,onn nronr,.tors h,,-. Inn, .;r,a ra,,,,.
+ the vaI,,e ~ tr,5e @ron, Sen ono af;o
9 ! hmi,6;np and numerous thirst r,ariors ar
n condnnfed In the rear or huiid,p1s ana 4
i Iocat;ons which w.ouId seem inaScess,hie tn
]. STRANGER They have had a slight adyant
r go - Ia r ,r ass n',nt f .nsn 1.a,a,,
10 De SUR. o aGnoams LIT, VI n,ans a
ienes IN W rs,na 70 antertins safna
n ss;,natad IN Tho tborouabferass hn. &c
tho natnraI trade Of a large office hu;ldin
v ;s snfsciant IN maiptain a fhriuine hms;nas
q - " ~ " 's oi'ss
a suecsss,a3-
a hotk OF an Eievated NahAWay.