The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-02
The Property Has Moved.

long list of permits for new residences
which will cost all the way from 81, 900 to
1000. -
The Property Has Moved.
1t makes no particular difference what
are the comparative values of 1890 and of
1903 In these transactions. The land and
buildings have been leased or sold for
what they are worth now and real estate
men are interested chiefly in the fact
that these properties moved
The public generally is interested in the
fact that three industries are to be re-
established on larger scale. These will
be the distributing business Of the j. I.
Case Threshing Machine company; the
factory and jobbing business of the
Cream OF Wheat company, and that Of the
international Stock Food company. I, -
From real estate agents point Of
view four large and important deals
nave been handled successfully by the
three agencies mentioned in the sale
OF the Penney house, j. Schutt & Son
have again successfully handled that cor
ner, a difficult deal because high priced
houses are not bought and sold every day.
In securing site for the Case com
pany Thorpe Bros. had to negotiate quietly
but secured finally all Of the property they
wished except a piece in the corner Of
the site which may be closed out in a,
few days. The Cream of Wheat lease,
N1ckels & Smith and successfully closed
by hard work on the part of Alfred J.
Dean Of Thorpe. Bros, was finally =
| Justed on a fiat rate basis, the form which
has almost entirely superseded the re-
appralsement plan formerly in vogue here.
10 the architects, contractors and build
ing trades the announcement Of the three
new buildings and, Of, the overhauling OF
the Immense exposition building is good
| news. 1t indicates that finally some
moneyed men are brave enough to tackle
construction regardless Of what thew have
considered the high market for materials
and the uncertainty in labor circles until
AFTER May l, when new contracts usually
are made by master builders with their
men,. -sa[ -
Tonka Bay Hotel,
Horace Lowry announces that he has
! the Tonka Bay hotel, formerly the Lake
Park, almost in shape for the new lessee.
n. $. Joslyn, proprietor Of the Aberdeen
IN ST. Paul. He has had removed all the
upper balconies and, from a carpenters
standpoint, the building is now in good
shape. 1t has been lacked up wherever
1t had settled and has been replastered
where needed and retinted everywhere
The furniture has been revarnished, the
carpets and all bedding have been rem
ovated or replaced. The silverware Is
all new, also the linen. Six bathrooms
nave tpeen added, and two each for mer
and women are now to be found on every
floor. The ground about the hotel are be.
ing cleaned up and may be changed some
what in arrangement. Mr.. Lowry sale
yesterday:
''The ST. Louis road is interested il
the success Of this property and will de
all In it's power to aid the present man.
i agement in establishing Its reputation a.
a first-class summer resort hotel"
/ In planning to start on an entirely new
basis and to make the reputation OF the
i resort equal to and better than that O.
! the Lafayette hotel in its palny days, Mr.
I Lowry has even changed the name Of tn.
hotel. Mr.. Joslyn has three years expe
rience in st. Paul and has placed tn,
/ Aberdeen on its feet. He will be at thu
/ Tonka Bay during the summer and will
place the property in the same good shape
thus greatly enhancing in the vicinity O.