The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-17
Real Estate
PICKS UP
Good Weather Results in Greater
Activity in the Real Estate
Market.
Many Instances Of Purchases for In.
vestment- Building Fairly +
Active This Fall.

Bad weather had something to do
with the quiet state of the real estate
market the last few months. The re-
turn Of activity when the sun began
to shine again indicates SO much.
Several of the larger offices which
show the first increase in business,
say that the inquiry is better. Many
sales of low price lots have been
made and the amounts have crept up
as high as $500 in cases. ~
No one has yet been found who can
tell why real estate is so much lower,
comparatively, in Minneapolis than
elsewhere. A prominent dealer said
to-day that he would like to talk for
just ten minutes to the physician who
could diagnose the case. ~
During the week. cases Of purchase
for investment have come to light,
and this is naturally encouraging. It
is; well known, too, that investors
whose purchases, If any, will be
ing over property to, buy for invest
ment. Out Of these, visits will come
sales in the future.afkt1ss. x1@-
Building Fairly Active. I'll: o<s
Building is fairly active for the fall
Permits are being taken out regularly
for the, building Of small structures
and for repairs. y Large contracts are
progressing favorably. The Deerine
building, at Second avenue S. and
Sixth, is the least advanced in con.
structiCm of commercial structures, but
it is being put up solidly, in marked
comparison with the mushroom OF
days past. The government building
has taken shape rapidly at the tor
.bricklayers. The Northwestern Ma.
tional bank is ready for the porticc
and heavy marble columns which will
support 1t. :, = t*:.zzl,
Settling Of the building is given as
the reason for the frequent necessity
of replacing plate glass windows
The Milwaukee office, at Fourth ano
Nicollet, and the Andrus building, los
lights in this way, and some other new
buildings have had to have plates re.
placed. 5f.-sssa1 ~ ..s2tEE5
Dark corners are not desired by
owners Of buildings. Tn one case
$1,000 a year more was asked con.
Germ that would maintain dark
corner, than was paid by a tenant
which eventually took the quarters
and will keep them open all night
it's night illumination Of store fronts
The avenue is gay every night in the
year, except Sunday. There are few
dark fronts, and a landlord lRould hes
I itate quite a while before making {
lease to tenant who; would have nj
reason to illuminate. In one case The
corner of a large building was rented
to company which puts lights out a
6 o'clock. On two sides Of this office
is store which remains open bright,
| lighted until midnight The darl
corner is considered a detriment.
Business District Expanding.
Gradually business is encroaching> OF
the old residence parts ofatown, as il
shown this week by the lease of tn,
FAIRIES homestead for the Bradstree
building. At one time this corner wa
| in the center of an aristOcratic resi-
dence section. The Washburns, Hills
| Sides, Ptllsburys, .Rands, Christians
and others lived here. The first en-
croachmt:nt. was made when the Twin
City Telephone company general offic,
building was placed on the site o
former good dwelling at Third avenu
s. AS Second and Third avenues hav'
/ become paved, business has crep
along, as it has also on Nfcollet, ant
| houses bid fair, in a few years, t,
give way entirely to business build
ings.
Should the Commercial club locat
on Fourth street it will have som
1 bearing on the future of this loca
Wall street. The National Bank o
Commerce building is capable of hold
ing two additional stories, which tn
some time in the future. Members o
the club have looked; the structur
over and feel satisfied that the situa
! ton. is a proper one for them.
resolution to move before the clu
is able to occupy a building of its ow
will undoubtedly precipitate much dis
cussion: It is a question whether b