The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-08
CORNERS SECURED
FOR Big BUILDINGS
New Hotel To Cost S6Oa.h0O
Planned for Sixteenth and
Washington
OFFICE STRUCTURE ON OLIVE.
Handsome improvements Contcm-
plated at. Broadway and Pine
Large Ice Plant VIII 10
Erected on California.

Tau transactions of considerable impor-
lance in the realty market were closed yes
terday. one OF which probably means the
erection Of hotc To cost about s6ooo09 at
Washington avenue and Sixteenth street.
while the other contemplatea a twelve
story Office building with Il big depart
ment store on the lower floors al the
northeast corner OF Tenth and Olive streets.
Ii is also stated that negotiations are on
for the erection of a twelvc-story office
building at the northeast corner Of Broad
way and Pine street.
Following the announcement that the
milion-dollar hotel is assured for the
west side of Twelfth street. between 10
Gust and ST. Charles streets. realty dealers
have been convinced that the Washington
avenue district is IA desirable section for
!. the loca tion OF more hotels. which ST. Louis
Is admitted TO require. not only for the
Worlds Fair period. but to take cafe of
the ordinary Jransients AT the present
time
AT FIRST it was believed that big hotel
would be erected on the property IF George
W. Brown at Washington avenue and Rob
bins lane but the latest plans call FOX the
erection of building to cost about $4,000
ana TO be devoted 70 mercantile purposes
that site.
1t is said that the same capitalists who
had the hotel proposition in view for the
Brown property are interested in the pur-
chase OF the lot ll5Nl32 feet at Washing
ton avenue and Sixteenth street. which is
directly across the street from the Brown
dot
The sale was made from Isaac H. Lion
berger to Henry Jones through the Mich
for $1,000. Mr.. Jones il is stated is
merely the representative of a syndicate
which proposes to make handsome i'm
provements. Present plans are for a hotel
10 contain 100 rooms and cost se00U1
ADVANCE IN VALUES.
The location is considered well adapted
Union Station and within walking distance
OF the 'Sholesale mercantile district. The
elevation is high.
A notable feature OF this sale was that
Mr.. Lionberser purchas ed the lot four
sl16.Oc0
Ritter an offer has been received which
would bring the present valuation up to
SIG 600. giving profit OF 5000;
As previously stated in The Republic. the
Holbrook Blackwelder Real Estate Trust
mpany has received a proposition to erect
1--we tweiv We building at the northeast
through to Locust street.
/. II Is said that one of the largest depart
ment stores in Chicago desires to lease
ing; the upper portion Of which might be
connected with the Century building adjon-
ing and used for office purposes.
While the Holbrook- Blackwelder Com
pany controlled an option. the announce
Bent that 9 bad leased for the Temple
Realty Company the corner lot Yesterday
was. regarded as significant Definite plans
are expected in a short time
The lease of the corner was made through
Greer-Anderson, for nlnety-nine years at
an annual rental Of A,75o. The lot involved
in this deal only has a frontage of n feet
OF the property which Holbrook- BIa ckwel-
der control from Tenth street through 10
the Century building. 4
According to the lease the valuation
placed upon the corner lot is Slis0U0 or
more than 5000 front foot. which is the
highest figure ever reached by any St
Louis property west of Seventh street This
o1r Oh ipHf
street, the main artery of St Louis is be-
ing recognized the center Of develop-
ment.
BIG ICE PLANT.
That the present negotiations with the
keiser estate for the erection of a twelve
story office building at the northeast cor
ner OF broadway and Pine street will re- |
suit In the Communication. of long delayed |
4la1s.tof this. end is not doubted by realty i
Robert kefser has stated that the proper-
~ VIII not be sold. but he admits that a |
long lease justifying the erection of a bir
Ouiiaains on the site is now under consid- |
Among the important sales of the weel, |
shenandoah to Victor street l92xl23 feet
irom Anheuser-Busch to an Ice company
which proposes to erect a plant to cost /
5000, coo f W '"'e
The Mercantile Trust Company has sever |
a important transactions pending and the
Lincoln and Mississippi Valley Trust com |
panles report a large business The latter !
continues to close big purchases for the \
Terminal Railroad Association in yarious |
parts OF the city, but particularly along the
I.eNee. ihese sales since. January have
amounted to more than s2.6oOO0o