The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-11-30
1heater Will Be Erected in Con
nection With a Million-D Dollar
Hotel on Southeast Corner.
NECESSARY CAPITAL ASSURED.
Sames X. Hackett Reported to
Have an OptiOn-Need
of Hotels Dis
cussed.

the new hotel at the southeast corner of
Grand avenue and Olive street, plans for
which were announced exclusively in The
Republic last week. James X. Hacketts
name is connected with the enterprise.
The main entrance to the hotel will he on
the corner. and the theater Will adJoln on
the east side, opening on Olive street
]. /. Epstein. in connection with Louis
r. Aloe. who controls the property. which
Is the present site of the Grand avenue
Hotel. have about completed negotiations
for the structure. which is to cost sloo.GVo,
while the total investment will represent
fully $l.0o0 1000.
Financial arrangements have been COM
pleted," said a promoter who is conuecteu
with the enterprise. Joseph eerataiS
lease upon the present Grand Hotel will
expire In a few months, and wrecking Will
begin by March l.
CONSTRUCTION can be rushed so that the
new Grand will be finished before the
Worlds Fair period. and the theater VIII
be ready for a part OF the season OF i''-
J. L.. Wees, architect. is drawing the
plans, and 1t is stated that the specifica-
lions call for AZ extremely handsome build
ing Of the most approved appointments Inc
plans probably will be completed this week.
Details are withheld. and beyond the TACT
that the theater in connection with the new
hotel is practically assured. the promoters
6CllflS III q u nv
Neither viii they deny that Mr.. hackett
has been in negotiation with them.
The building will be ten stories; ana Of et ,Sa
eastern section of the structure the motel
viii contain about 400 rooms.
signed somewhat after the style of the Gar-
rick in New York City. The stage VIII oe
almost as large as the auditorium ana MI
have every modern co~ntrivance. The 1ur-
nishings will be particularly rich. and seat
ing capacity will be provided for about 2'Wo
persons.
ago, James K. Hackett announced that ne
5 had secured an option on a theater 10 pc
erected on or near Grand avenue. He stat
ed that his purpose is to make the new
playhouse the home of the highest-class OF
attractions. and he was sure OF getting
mot only for more high-class hotels, but
for another theater OF the right sort ne
sa,d "a si syanes ays c olive s ne,ga'G is IDEAL. q I
am sure ST. Louis needs both institutions
at the present time. and during the Worlds
Fair period they should receive such pat
continued pr0fts.
HOTEL NEGOTIATIONS.
1t is said that a theater in that particular
location, under proper MANAGEMENT, wouia
appeal strongly to the residents of the fash
ionabie West End. As a size Tor a large
hotel. conducted upon an elegant scale, 1t
city.
In this connection the report is revived
that the management of the Hotel Beers, On
the northwest corner. has reopened negotia-
lions with r. NJ. ScrIggs for his let. which
Adjofns the hotel, west on Olive street. but
nothing definite has come of the overtures.
' Mrs. Beers owns several lots Immediate
" west of the Scruggs property, and if the
latter should be acquired it would be pos
stble to erect a very large addition TO the
present handsome hostelry.
1t is also reported that a syndicate has
been seeking to secure an option on the
northeast corner Of Grand and Olive. across
the street from the Grand Avenue and the
Hotel Beers, and that an offer of 100000
was refused for the lot. Negotiations are
Lorenzo E. Anderson. c. H. Mcmillan and
J. b. Moberly who in the order named, are
: handling the enormous real estate business
Ing TO millions of dollars annually. agree
that many more hotels will have to be
erected before st. Louis. can take care of
the Worlds Fair crowds. and that even
under normal conditions additional houses
would prove profitab BILE.
the present time" they state. zone or
two hqtefs as large and well conducted as
the Planters or Southern are needed down.
town. and there should be several more in
est. Louis certainly must look to the de-
y mand for more hotels. 1t would be difficult
e overDuiid between now and the WORLDS
Fair period" was the opinion of Holbrook-
BlackwelGer.
This firm has important negotiations for
new hotels. and is expected to figure in i'm
David P. Leahy of the Lincoln Trust Com
pany, Nicholls-Ritter. Greer.Anderson and
Exchange take the same view of the hotel
situation.
But we are hopeful" said an exchange
director, that investors will soon realize
J that judicious investments in a few perma-
nent hotels at this time are bound to prove
profitable. They are sure to get double the
interest that is possible from stock invest
ments, and the capital is safer"
Innumerable plans for temporary Worlds
fair hotels are projected, but In these the
interest is regarded as speculative and,
withal, bona fide plans for big lodging
2 site are still under the limit of reasonable
demand for that class Of buildings for the
Fair period.
ovERBuILDING IMPROBABLE.
There Is little probability Of an overpro-
Exposition grounds" said an agent, but
even 4 the supply Of such Recommendations
conditions downtown.
we need the hotels now. and il the pres
ent hotelries are crowded under normal con-
ditions what would be the result during the
Fair? It Is safe to say that a large propor-
ton Of Exposition visitors will prefer ac-
WITH the EXCEPTION sa tHs n Of ah paT ne% Ut s5e s1fys
ton Hotel. which J. ]. Epstein's company is
building at kings highway and Washington
- boulevard. together with the projected i'm
e street. and the plans of the Saxonia Com
Park, no hotel enterprise promisins early
l fulailment are known. though many have
! been talked OF.
It is confidently believed that a firm like
MISUNDERSTANDING. Nichols Ritter or
the Mercantile Trust Company will soon an
i. nounce definite plans for a handsome hotel
j. on Twelfth street somewhere between Pine
: and Washington avenue. Several sites are
available, the location Is considered admir-
= able, and it IS said to be a. question of
{ whose clients will decide first to make the
D. investment.
In the extreme West End announcement
OF the plans OF the Park View Realty Com
pany Is awaited with considerable interest.
Thomas Wright OF that company stated
yesterday that a scheme OF improvements
Meanwhile the property on the north side
!, OF Forest Park Is being graded.
The management Is SAID to lie considering
The, advisabflity of erecting four massive
apartment houses to cost in the aggregate
more than $1,000 and to be located along
J. DeBalievere avenue. with handsome ter
raced courts intervening.
= The idea is to- finish them temporarily for
the Worlds Fair period as hotels. then tear
out the board petitions and make of the
structures permanent family hotels of ele-
gant type. No decision has been reached
BY the property owners. however.
s Real Estate Exchange Notes.
2 The n dinner of the Real Estate
Exchange VIII take place Thursday evening,
December II. at the Planters Hotel at Z
o'clock; This dinner. like the last, will be
conffned to members Of the exchange, its OBJ
5ect being to secure a more cordial cooper
alton among the members and to further
estate.
The Committee on Speakers is arranging
Tor q Arst-class entertainment. A good mt
q atc programme will also enliven the occa-
fAIrn ~ II fG fnfandad 10 4a1> La. 7s--z