The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-31
A BIG HOTEL
ON pICOLLET
Large, ffarldsuAne Structure
Promised on the Har-
risOn Corner.
Twill Fill the Urgent De-
mand for a Family
Hotel.

That long-felt want in Minneapolis-a
large and thoroughly modern family hotel
is about to be satisfied.
Negotiations are now under way for the
sale of a whole or part of the Harrison
property, Nicollet avenue and Eleventh
street, with the idea of constructing
thereon the finest family hotel building
west Of Chicago. The moving principals
are a syndicate of Minneapolis men and
local capitalist, and two proposals are
under consideration. 1t is known that
Mrs. H. G.. Harrison, owner OF the prop
erty, is considering two offers, and it IS
understood that both bids were so fatter-
ing that she is as yet undecided which
to accept The syndicate wants to buy
the entire $50 feet-frontage on Nicollet.
| The individual only wants 10 feet on
Ncollet avenue, with 100 feet depth on
Eleventh street. '.-
In either case, whoever makes the pur-
chase, the hotel is assured. The capital
! ist is figuring on a building somewhat re-
sembling the Aberdeen in St. Paul, only
he is planning a much more elaborate
or eight stories high-a question which
! will be decided entirely by the demand for
| that kind of a hotel in this city. He ex-
| poets to spend at least $100,000 The actual
cost of such building would probably be
greatly in excess of that figure.
! The syndicate wants to erect much
| larger building. The men back of this
block between Eleventh and Twelfth
streets, and they contemplate the con-
! struction of combination hotel and store
| building which would probably cost twice
| as much as the other structure.
| Whichever plan is agreed upon,
| the building will be one of the strik-
| ing architectural features not only OF
! Nicollet avenue, but of Minneapolis.
It is reported that the selling price OF
the property will be between s40O and $500
! front foot, and that the individual has
! stolen march on the syndicate by secur-
| ing an option on the site.
| The need of frst-class, up-to-date
[ family hotel, such as most large cities
boast nowadays has been felt in Min
neapolis for years. Judging from the con
! stantly growing demand for such an insti-
| tuition, there is no question but that the
new hotel will be a-big paying investment
from the start.
The proposed hotel will appeal parti-
cularly to many families now living in
minneapolis hotels, because OF It's central
location on the principal retail street
within easy walking distance of any point
| in the business center.
! The advent of such a hotel will be en-
Enthusiastically received by the lake dwell
ers of Minneapolis, who live in city hotels
! in the winter and spend their summers at
! their Minnetonka cottages There are
enough people of that class alone to as
| sure the new family hotel liberal patron
| age.
!. Another Nico1let Deal.
Another big deal on Nicollet and
Eleventh street has just been made by
1 H. E. Ladd at good figure. The ITO feet
frontage adjoining the Methodist Episco-
pal residence has been bought for speedy
! improvement. Details of the transaction
have not yet been arranged fully, but the
sale is go and assurances are given tina!
| the improvement will be handsome. This
| property is directly across the street from
4 the Harrison place, and has no buildings
upon it.
An offer of $4,000 for the corner dag
onally across from the Harrison place was
refused Saturday by Levi LongfelloW. the
laHner.