New-York tribune., 1903-04-12
FIFTH-AVE'S TREND NORTH.
PHENOMENAL GROWTH OF THE CARNEGIE HILL
SECTION.
Land Talues-Absorption of Building Sites and
High Glass Improvements

The ror if-T-z r6 t7erd e dwelling house building
IN this city is brought forcibly 10 notice by the
great number OF private homes built in the last
two three years in the Fffth-ave- district north
OF Seventy-nEnth-st The selection of the crest OF
the FYfth-ave. hill at Ninetieth-st. by Andrew Car
negie for the site Of his Manhattan house has
gi-en a pronounced impetus to the present move
ment and since its completion one plot AFTER an
other by has been bought by people prom
fnent in the social financial world as sites Iof
their future homes No less than half dozen os
a4ese buildings are now in process Of construction
close Mr.. Carnegie's home, and plans Tor an
equal number being prepared by architects'
and operations viii be begun within few months
Thus il will be seen that new dwelling house
centre IS being established the crest Of the hill
named after Carnegie. which before long will be
come a colony that will linked without a break
30 the present society centre in the Fifties
The growth of the city and the inexorahle north
ward trend Of business seem TO show that within
the next ten years the centre o. the society dwell
sng house district will have shifted north or SIX
reth-st. and in another ten years from then Sew
entv-nirth-st will probably be the dividing line.
The time will come when Manhattan Island will
have dwelling room only for the very poor and
xhe very rich: viii suffer only the tenement house
FOR the former the high class apartment house
or apartment hotel and the dwelling house for the
batter.
6e-ial aspect has been presented in the history of
the develop1nent OF this city Never was this
change and Improvement more pronounced than in
the last ten years aordng evidences Of prosperity
that no gainsay-
The rise in land values due 10 The Increase OF
r,o,ula-ior and expansion of trade, well as the
cent-e lizatiou here OF the wealth OF the country
and the growing tendency among the rich from
other States TO establish homes here, has been
brought almost daily public notice by various
real estate transactions. Persistent, steady and
astonishing enhancement IN values Is revealed oy
nearly every sale that takes place
THE BRIC-A-BRAC BLOCK
In no other section Of the city has the upward
trend n values been more steady and more marked
than the Fifth-ave. residential section There is
one block bounded by Seventy-eighth and Seventy
ninth sts Fifth and Madison aves, which some
real estate men have facetously termed the brio
k-brac block on account OF the extraordinary rise
IN the value of its ground within the last few
years and the great demand among wealthy men
FOR home sites in this choice parcel.
In 1854 when Henry H Cook bought the block
for about s5ooeo. there few persons active in
realty affairs who thought the value twenty years
later would be many millions Of dollars. That they
held no such opinions the future value OF the
rroperty is evident because not until recent years
have they shown any unusual activity in the upper
Ftffh-axe. section.
A realty expert places the total value Of the
total value OF land and improvements at about