The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-02-01
REAL ESTATE
DEALERS BUSY
Steady Demand for Oakland
Property in Spite of Very
Marked Increase in Prices
NEW HOTEL AT PIEDMONT
Plans Are Already Drawn for
PaIatial Structure Which
Will Cost About $25O,0OO
Oakland Office San Francisco Call.

Ills Broadway. Jan. 81.
During the last week the local real
estate market has been unusually ac-
tive for this season of the year, and at
present there is nothing to indicate that
the demand for residence and business
property in Oakland will not continue
throughout the present year All the
local firms report very active week.
and the dealers agree that if the pres
ent demand for Oakland property keeps
up. the present year will be by far the
best in the history of the city.
Plans have been drawn for S25O,OOO
tourist hotel to be erected at Piedmont
Springs and construction work VIII
soon be commenced.
Suburban real estate dealers are also
awakening to the fact that property on
the outskirts of Oakland is increasing
in value and they are becoming more
and more energetic in advertising prop
erty in the suburbs. The Alameda
Board of Trade has Just issued an IL
Illustrated pamphlet setting forth the
advantages of that city as a location
for homes and showing views Of var1-
Gus parks and public buildings in Ala
media. The booklet also contains en-
cravings of a number Of beautiful
homes in the Island CITY,
Smittsinger q Matteson of Fruitvale
have also issued an advertising PAM
phlet illustrated with engravings OF
homes and orchards in that location.
ALAMEDA, Jan. 31.-Since the set
tlement of the agitation over the
awarding of the. two local railroad
franchises, the real estate dealers of
this city are unanimous IN the opinion
that the action taken by the City Trus-
tees in dispOsing of the transportation
privileges to the Southern Pacific
ho cd in inf a
remarkable tone of confidence in the
future of the realty business here. With
an improved train and ferry service
between Alameda and San Francisco.
which the management of the Southern
Pacific Company has assured local
is encouraging. In speaking of realty
conditions, William Hammond Jr. of
Hammond & Hammond said:
while the. franchise agitation was
on, many property owners who con-
templated building became timid and
delayed the commencement of work.
That feeling has been abolished
through the settlement of the railroad
question. and a building boom is IN
sight. Many plans are being prepared.
and we expect to soon see more houses
i'll course of construction than has been
witnessed in Alameda for years. The
only residences now idle are old ones
lDdI nave long Since passed OUT OF QdEe.
There are no modern houses vacant,
and when it happens that one does be-
come so, thsrea are numerous persons
waiting for the chance 10 take the
place. The greatest demand is for five
and six-rOom cottages. These have al
ways proved good renters. and at no
time within the last year has the SUD
ply met the demand"
Frank n. Dodd of the Alameda Land
Company said: Confidence in Ala
medals future has returned with the
settlement of the railroad franchises
Prospective buyers who held off while
the transportation question was in the
air are beginning to resume negotia-
tions. and already we have closed sew
eral good deals. The Southern Pacific
Company is feeling the effects of COM
petition in Berkeley from the Key route
and for that very reason believe that
the company will soon improve its
Alameda service with a view to at
tracing all the residents possible 10
this city. The Southern Pacific is
practically without a competitor here
and handles all of the Communication
travel. Therefore, the more residents
Alameda has the better it will be Cor
the Golfers of the corporation. We can
trust to the Southern Pacific manage
ment not to overlook a good thing. and
it is my opinion that as soon as the
lIdih anu Terry service Is increased,
Alameda will enjoy such a boom as
Berkeley is now undergoing. Alameda
property is increasing in value con-
stantly. The next few months will
witness the building of many homes.
some of them elaborate and expensive
structures. The demand for homes to
rent continues and the demand for cot
tages cannot be met. Money invested
in the erection of down-to-date six and
SeVen-rOOm houses is Sh we'll laid
out in Alameda"