The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-06-07
To MAKE new HOUSE
OF MERCHANTS HOTEL
Old Building at Twelfth and Olive
viii Be Entirely
Remodeled.
LEASED TO STIllWELL co.
rst-Class Hostelry to Be in Oper-
alton Before the Worlds
Fair Opens-Deals in
Realty.
LEASED TO sTILLWELL co.

To be worthy of a place IN the heart Of
the Twelfth street section, where several
million dollars are now being expended Cor
new buildings, the old Merchants Hotel. at
the southwest corner of Twelfth and Olive
streets. is to be entirely remodeled and
made frst-class hosiery.
The property was leased yesterday by the
Stillwell Catering Company. through the
Mercantile Trust Company. from z. G.
Brockman. for a long term of years
Plans are being drawn for the improve
ments, and work is to begin in a short
time. It is proposed to have the hotel In
operation before the opening Of the Worlds
Fair, and 1t will accommodate more than
go guests.
In remodeling the building almost every
thing will be changed except the outside
walls. The latter are well built. and it is
probable that additional stories will be
added to the structure. The arrangement
of many of the rooms will be altered in
order to install a sufficient number of baths
for a first-class house, and everything In
side the building, including floors and cell
ings, will be made over.
The StilweIl Catering Company already
has several hotels IN St. Louis, having re-
Gently leased two of the structures in course
of erection on Market street opposite Union
Station.
The Merchants Hotel corner Is consid-
cred one of the best locations for hosiery
in the city. Mr.. Brocknlan purchased the
property only short time ago through the
Mercantile Trust Company. He is now liv
ing in New York, but has great faith in
the future of st. Louis. where he formerly
resided.
WASHINGTON AVENUE SALE.
Martin ShaJghnessy. president of the Lin
dell Hotel Company. purchased through the
Mercantile Trust Company the northwest
corner of Twenty-second street and Wash
ington avenue. 14Ox1S7 feet to an alley.
Mr.. Shaughnessy also purchased lot d.
rectly opposite the property mentioned,
fronting 1876 feet on the north line of Lucas
avenue by depth of IA feet beginning lo0
In both transactions the grantor was the
Curtis Manufacturing Company. which re.
tanned a lease on the property for term OF
FIVE years. The price paid was $500. and
the investment is considered an excellent
one
Just how soon MIR. shaughnessy may
known. 1t is not improbable that in the
course of a few years, at the rate the
wholesale district Is extending out Wash
will give place to commercial structures.
and possibly another hotel. The property
was In the hands Of the Mercantile Trust
Company less than one month.
James H. Brookmeyer, secretary of the
Curtis Company. stated that the corpora
ton had regarded it as Ill advised to keep
much money tied up in real estate and
that they decided instead to- sell the prop
erty, retaining long lease on same, and
use the idle money in broadening and ex-
tending the business of the company. He
stated that business in all lines was rapidly
expanding and Increasing. and that 1t was
their intention to greatly extend their ia
cilities in order to take care Of their rapid
ly Increasing trade.
SALE ON WALNUT
B. Harris of B. Harris & Co., wood deal
ers, purchased from Lehman Bros. whole
sale cotton factors of New York, the five
story building at Nos. 114-1l6 Walnut street.
lot 5oxl14 feet. for s2s. 500.
The Mercantile Trust Company reported
this sale something over month ago to
another party for s27 500. but slight defect
in the time provided for In the contract
and the trust company proceeded to find
another buyer. and in the meantime the
title being perfected. they sold 1t at an
sidered very cheap piece of property. be-
ing rented now to pay 10 per cent on that
amount
CHICAGO DEALERS COMING.
The members of the Real Estate Elk
change are arranging to extend cordial
welcome to the Chicago Real Estate Board
delegates who will arrive in st. Louis next
Friday evening and remain over Saturday.
They will be carried to the Worlds Fair
grounds in special cars and entertainment
will be provided.
W. ". Baird, president Of the Chicago
Board probably will arrive tomorrow to
consult with President ". A. Gfraldin OF