The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-06-08
REALTY TRANSFERS
BREAK JUNE RECORDS
Property Valued at More Than One
Million Dollars Changed
Hands in Five Days.
MISSOURI PACIFIC LEASE.
Real Estate Men Regard the His
tory of the Pontiac Company
as Remarkable Real
Estate Notes.
MISSOURI PACIFIC LEASE,

Transfers Of realty last week indicated
that this month would be a record-breaker
for June. The first five days witnessed 2t
transfers, aggregating $l.1l3,3i5, and, in ad-
dition to this. the deeds of trust flied
amounted to SS2,2l. As a rule, This week
marks the beginning of the dull season in
ths real estate market. but the present
year promises TO prove an exception. say
the members of the Real Estate Exchange.
The transaction Of most interest was the
nnal signing Of the lease for E.raJ mas been
known as the Pontiac building. now in
course of construction at the northwest
corner u Seventh ..-E =Ig-s-s. IL Is
90 Be called in future the Missouri Pacific
building by the iossees, the Gould railway
lines. That an entire office building fifteen
stories high and containing about 800
rooms, will be taken Up by me company
is considered significant OF the conditions
in St. Louis.
Realty dealers are commenting on the re-
maIkable history OF this building. On June
o last year John p. Hermann organized
ana Received the charter of the Pontiac
Realty Company. capitalized at 800. 90, for
the p1Ip"se OF erecting the building August
Il the wrecking of the old Masonic Temple
structure. Last Friday. exactly one year
after the company was chartered. the lease
TO the Missouri Pacific was signed.
1t Is said that this is the first case on
record where a mammoth office building IS
to be placed upon an interest-paying LaSis
Immediately after it IS firished-the first of
next January. The r6tlway company Will
pay all special and general taxes. and il
addition pay TO the owners $3.50 a year
rental for a term of twenty years.
IN appointments the Missouri Pacific
building Will be very hands3me-marble cor
r.dors, vestibuies and waiuscoting. with
glass partitions. 1t will be nreproof
throughout. and is 10 contain one freight
and !our passenger elevators of modern
type. The main entrance will be on Mar
ket. with another on Seventh street. both
leading to u spacious corridor.
Plans for HnaI disposition of the Catlin
tract row interest realty dealers. The Bay
MES are understood 10 have BIDS for all the
$3.50 feet for purposes indirectly connected
with the Fair. but il Is yet too early TO de-
termine what VIII be done with the prop
eTty.
E.mes & Young. architects are now at
work upon the plans for the $4,000 hotel
which Is TO be erected AT Kings highway
ana Washington boulevard, as announced
in last Sundays RcTublic.
The contract has been let by the Forest
Hotel Company 70 he Central Building
Company. TIE building viii b. seven
stories. CT Long Meadow brow7st0re and
l0txltd feet. J. / Epstein. agent. announces
that he has already leG.5cd the property To
prominent hotel managers
The Bethel Evangelical Congregation rur-
chased yesterday. thtoI'gh Mglfett & Fran
c,scus, the northeast corner of Greer and
Garrison avenues, where they propose to
erect a church. which will cost about
$500.
Ms. Sarah f. Chambers has bought the
lot ut th2 northeast corner Of BsrlH ave
nue. and King highway. for Z-JU o. and
CUntempiatcs hTi!rIng q TsS GgnL" WEirn
Will COS: about 5000. The sale Was made
The lot adioins the residence OF Howard
Elliott.