The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-08-11
Parks Increase Value of Ad-
jacent Building Property.
Price OF Lots Facing Central
Park Has Doubled.
TENANTS HAVE TO GO.
Home Owners and Builders
Want Best Location.
Increased Activity i'm Real Es-
tate Transfers Expected.

The adjustment of parks in Topeka
has a farther reaching affect than a
casual thought would bring to mind.
Besides the primary benefit of an OPP
portunity to enjoy physically the beau
tiful surroundings afforded by such a
feature it has had a most stimulating
effect on adjacent property. adding a
value which it hitherto failed to pos
sess.
One of the most striking instances is
with regard to the Central Park, pro-
NOTED and fostered for the past several
years by the residents and property
owners near Huntoon and Clay streets.
Previous TO the establishment of the
park the property Immediately to the
west of that locality was not in demand.
This was not to be attributed to the
then somewhat lazy market for sales
were being made in the vicinity of
Wasnburn college, the buyer passing
over the lots near the center of the
city. No activity manifested itself UNI
til within the past year and half
when the work of Identifying Central
Park produced results. AS the park
grew buyers secured control of large
number of the lots facing Clay street
Lots between Fifteenth and Sixteenth
on Buchanan streets were selling for
from 800 to $500. while $500 is the price
asked now. Between Thirteenth and
Fourteenth streets two lots were sold
recently for $1,000, a month previous
they sold for $1,000, this, too, without
any improvements.
The only lots available for building
purposes and facing Central park are
between Fifteenth and Sixteenth
streets, and these are for the most
part held by parties who are not de-
SirouS of selling. The Hughes estate
controls a number of lots in the tract.
All of these lots are held at $500 and
higher.
Most of the sales which have been
recorded have been to persons intend
ing to build and there has been conse-
quently a mushroom like growth of
dwellings in that vicinity. Two years
ago there We're three new houses erect
ed since that the number is nearer 10.
That ii is not to be attributed to the
paving the real estate men say that
between Seventeenth and Eighteenth
streets. sales go slowly and pronerty
has not increased at a corresponding
rate of value. Chesney park. which is
a rectangular park between Eighteenen
and Nineteenth and Lincoln, and
home owners to improve their property.
The Holiday park at the juncture OF
Western avenue and Taylor streets, and
between Twelfth and Huntoon streets,
has had direct bearing upon the sales
of ronting property Renters have been
almost entirely supplanted and with
but few exceptions by owners of the
property. There is not building site
available fronting Holiday park
Though the architects say there is
not much demand for neT buildings for
the future the contractors and laborers
are more than busy with the houses
and business blocks already under pro-
cess of erection. The new Parkhurst-
Davis building costing $4,000 and the
Sells $4,000 building are in process of
re-erection. The Parkhurst-Davis build
ing is we'll UP to the second story
The new foundry building at 31S to 322
Jackson street is we'll under way The
building is rs. by 120 feet and costs 81
600.
In North Topeka the flour storage
warehouse of the Inter-Ocean mills is
being built and will cost about $4,000,
and is a substantial structure of brick.
1t is probable that building activity
will start anew this fall and along with
it real estate sales.