The Minneapolis journal., 1904-12-31

mands for locations on Nicollet. Men who pay from
$4,000 to $4,000 front foot for real estate there
not afford to rent their buildings at low figures. They
don't have to- because the demand for good stores is
larger than the supply. =. .~.. ...5 -, -. .
On the value Of Nicollet avenue investment he
said: s'Nicollet avenue property is certainly pay
ing investment Every large retail establishment in
the city is located there and they do large enough
business to warrant them in paying the high rents
which their locations require Increases will prob
ably come very shortly, so valuable is property be-
coming.'' ...-~ ... ... -, -
=, Scarcity Of Stores.
feature Of present conditions is the lack Of rent
inability part property owners to build
at high lease figures The recent fire has proved con-
cusvely that there are not enough buildings in the
city to accommodate the growing business. The burned
out firms confident the day following the fire that
they could easily get temporary quarters and then
TWo WeTe na ven to and
the third to bank building to continue their business
existence They find also that capitalists have boosted
prices them-that leases will cost more money,
and that building will be done only under stricter
terms than in the past. Instea& Of landowners and
moneyed me1 seeking them; as Of yore with propos-
ais, conditions the and the marble front
from the latter is not unexpected. =. ..''
"A man does not believe in heaven to take such
advantage of these firms, - said big retail dealer, in
dignantly the other day but circumstances seem to
justify the methods It is case of the rigorous ac.
ton Of the law of supply and demand.
New Home Districts
In the residence section besides the development
of different established centers, such Lowry Hill,
Sunnyside, Oak Park, Walton Park and Park avenue,
and Douglas avenue already mentioned as having
renewed start three four other sections have sprung
into prominence. The additions along the Minnehaha
line have been opened and populated more rapidly,
owing the pushing of lot sales at low prices and
time payments. This section is established home
center for employed in the neighboring indus
trial plants. ''.>-. =.
The exploitation Of plans for the development of
the Columbia Heights park and reservoir district for
the feature in the residence section Twenty
thousand lots will be marketed by the Arcade In
vestment company which has just bought up all the
property Of the old Improvement Company Northeast.
Elaborate plans have been made for model street,
with model houses which to be sold at auction
starter for the district These plans will
1905 than 1904, however, altho they mighty
interesting pointer showing the trend Of settle
ment towards the borders Of the city and away from
the dust and smoke Of commerce.
influence Of the Trolley.
Three influences have made strong impress
the real estate situation in three different residence
sections Of the city The proposed Lake street line
and third nterurban has galvanized into activity, that
street, hitherto a wilderness from Thirtysecond
s. The parade created by the park board and
extending from Lyndae to the Spring Lake park
tion, has given Importance to Bryn Mawr and has
future for property in the neghborhood, which has
been dead far trading activity is concerned The