The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-02-08

Contracts lave been let by the Hadley-
Dean Glass Company 10 Nicholas Pelli-
green for the erection of a seven-story-and-
basement building at the northwest corner
of Eleventh street and Lucas avenue, TO
cost SSi. 90, on a lot 60Nl0G feet.
More than 10000 tons of glass may be-
stored in the building. The seven stories
will give a floor space of more than 5000
square feet and every foot will be ilumi-
mated In a manner Uncommon to factories.
The building will be of the si~ow-combus-
ton type, steel columns forming the frame
work, while the exterior will be of buff
brick with terra-cotta trimmings. Isaac s.,
Taylor is the architect.
The Missouri Wrecking Company will
begin tomorrow TO wreck the old struc-
lures on the site of the proposed new
building, and has agreed to have the lot
cleared IN eight days Excavations will be-
GIN Immediately. and the modern structure
viii be competed by SEPTEMBER l.
On the lot adjoining the Haoley-Dean
Glass ompany a new fire. engine com
pany Will be installed to give better pro-
lection to the wholesale mercantile dis
trica@s: bE . 81 .
The erection of the new building was
this line in st. Louis, the Haoley-Dean.
Company finding it necessary to double it's
product SO
NEW FAMILY HOTEL.
Doctor George NJ. Phillips, who is erect
ing handsome apartment houses at Olive
NAScto a oSdi stSiti-
day with the Nichols Ritter Realty and
Financial Company, represented by C. &.
King In this Transaction, for a lot fronting
rs rect on Olive street by a depth or Io5
feet, a short distance east of Newstead
cost about 500, 900.
The lot was purchased from John p. Herr
mann for $l5,VO0. and the ocation is con-
sidered one of the best in the West End for
a frst-ciass apartmenthouse. Doctor Phil
lips is having plans drawn for the struc-
ture, and they are said to be elaborate and
in excellent taste. ~
Olive street improvements, the demand
for factory sites and the invasion by East
ern firms. who realize the wonderful nat
ural growth which st. Louis is now exper-
a distributing point for Western business,
were the most notable features of an active
realty market last week.
one. agency alone, the Mercantile Trust
Company. which is constantly bringing
new enterprises to this city. closed deals
with three large firms in New York for To-
cations in St. Louis. Negotiations are
pending for many more mercantile houses.
The new five-story. and basement build
Ing erected by the Hart estate at Nos.
si4-slS North Broadway, was leased by the
Mercantile Trust to the w. H. Johns Nam
Vile Company, of New York, for a steam
fixture supply house.
northwest corner of Seventh street and
Lucas avenue, was leased to a New York
firm dealing in dry goods specialties. while
another New York firm secured, through
the Mercantile Trust Company, the four
story building at No. liz Pine street, which
has been occupied by the Warren Com
mission Company.
OLIVE STREET ACTIVITY.
Agents agree that the demand for Olive
street property was never greater in the
history of the city than it mas been dur
ing the last few weeks. No imitation in
prices has been noted. but wherever lots
are quoted at a reasonable figure on that
tborougEfcre bidders are plentiful.
Olive street is regarded as the main
artery Of the city, and as St. Louis grows
1t is believed that Olive street will become
the main retail district out TO Grand ave-
nue., and its Importance in this regard will
extend even beyond Vandeventer in the
course of a few years.
The largest sale was made by the Hol-
Observation-Disclosures Real Estate Trust Com
pany. which sold the new five-story build
ing at Nos. I'LL and lib Olive street, sub
tect to a long lease held by the Phoenix
Furniture Company, now occupying the
building. for siJ9.0 100. The lot has a 'front.'
age of 46 feet. s inches. on Olive street, by
a depth of log feet.