The St. Louis Republic., 1902-07-13
HOTEL SYNDICATE
PLANS Big BUILDING.
Mercantile Trust Company An
nounces That Negotiations
Are in Progress.
TO COST ONE MILLION DOLLARS
Picture of Proposed Hotel AdOrns
the Office of Vice Presi-
dent L. E. Anderson
= Other Deals.

The building of a chain of hotels by a
syndicate represented by the Mercantile
Trlst Company is next on the list Of big
deals in realty to follow the Rock Islands 8
$4,000 purchase in the North End, and the
probable condemnation by the new 81.
Louis Terminal Depot Company Of twenty
blocks between Washington avenue and
Spruce street Main street and the Levee.
Negotiations are still on" said Lorenzo
E Anderson, vice president of the Mercan-
tile Trust Company, yesterday. but l am
not yet ready to give the details. Plans
have been drawn for hotel TO cost $780,
900. ANY announcement of its probable To-
cation now would be premature"
On the wall of his Office Mr.. Anderson
has had a drawing of the proposed hotel
placed. 1t is an eight-story building. of a
plan similar to that Of the Planters Hotel.
Instead OF having two sections. with courts
between, the plan calls for three sections,
with intervening courts. The drawing 5 ex-
II was reported that the 81 10000 hotel
was destined to occupy a corner on Twelfth
street near Olive. When asked about his,
M. Anderson said:
Il don't think the building would ft
Twelfth street, according 10 our calcula-
tions. Possibly it will go somewhere else,
but as I said before IL is now too early to
That the new hotel will be located down
IN response TO a question, said:
I'VE have a big deal on in this neiGhoor-
hood, hut an outsider would have a hard
time guessing the corner. BY way OF
illustration he waved his hand IN a circle
that described corners south of Locust
street and between Sixth and Tweltth
The report is current that the syndicate
Of capitalists for which the Mercantile
Trust Company is acting, realizes the
urgent demand for new hotels In ST. Louls,
anu win certainly construct one IN the
heart of the business district and place
others in the West End.
Yesterday the first deeds were Med IN
the transfer OF North Side blocks TO the
Rock Island. Eight OF The blocks TO be
used for railroad yards were granted by
John J. O'Fallon to the St Louis. Rock
Island Terminal Railway Company, for
S265, Coz Sc. They are bounded on the north
by Athlone street. on the south by Red
Bud avenue. on the west by Bulwer street
and on the east by Third street.
The plans of the new Terminal Company
TO condemn the lots on Main and CONNER
cial streets and the levee. between Wash
ington avenue and Spruce street, are of alb
sorbing interest 10 real estate agents.
Without exception the dealers favor the
hill before the Council. believing that the
consummation of the plans viii bring into
demand river front property that has been
idle for years.
The new riCht-of-way secured by the st.
Louis Belt and Terminal Railway Com
pany through Greenwood has had an appre-
ciable effect upon the property in that sub
week was exceptionally heavy. especially
outside of the city limits. water and i'm
provement company has been organized for
the purpGSs NJ supplying the county resi-
dents with city water.
In pursuance of a plan 10 enlarge and