The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-02
A NEW HOME FOR
SECURITY BANK
Eight-story Office Structure VIII
Be Built on Fourth /
Street.
William Deering Will Erect the
Building, Which Will Be
Thoroly Modern. ].

4 William Deering will erect an eight
story, half mill on-do llar Office building
on his property at the southeast corner
of Second avenue 8 and Fourth street.
If the planss are carried out, work will
begin in sixty days, and tho building
will be ready for tenants Jan. /, 1906.
The. entire ground floor will be occu-
pied by the Security bank Of Mime,
sota., Several other. prospective tenants
have secured space options. Z.
The Deering building will have "a
frontage; on Second avenue Of +l57 feet,
with a depth of 1872 feet on Fourth
street. Absolutely modern, of brick,
tion, it will be strong enough to admit
Of the addition Of other stories it de-
sired, and as near freproof as possiblet
The exterior will be- plain but. hand
some, and the interior will make it the
most modern exclusively office and bank
will be made to- give the occupants
well-lighted, heated and well-ventilated
convenient buildings with the best ele-
vator service obtainable. 0 s%5$ q,
The first story will. be Of ample height
and entirely under, the bank s control
give the bank more, than double the
room it now occupies in the Guaranty
building. Thus it will be enabled to ar
4 range the vaults, counters, desks, offices
land general equipment in the best posi-
4 BILE way for the transaction of business
/ and the accommodation of customers. =
4 is the intention to have bankingroon
u equal or superior to anything in tht
: west.
| The Security bank began business il
IJanuary, 1878, in an office % feet by g.
81 feet, at Hennepin avenue and Third street
9a In three or four years it became necessar,
J to add another building, so as to doubl
t the size of the bankingroom. Thes banl
3 soon outgrew these enlarged quarters, an
i in 1890 it moved to the Guaranty build
a ing into quarters then considered YER
4 roomy, but from time to time it has ha
s to rent additional rooms until it now oc
/ cupies half of the second floor. and Is find
o ing that space inconveniently small, henc
] the proposed move. SIS
!, The Second avenue and Fourth stree
Z Icorner, which is to be Improved. IS I
g a way historic. 1t was once the hom
q Iof c.. Ne Cushman, when Fourth stree
= and First avenue s. was the center 9
9 the best residence part Of the city. Neal
g by weresthe mansions of s.. c. and Hal
U low Gale, and the two corners were Il
/. nous for old-time social functions. Fh
: Cushman house has gone the way g
T many Of the old-time fine homes, and It
}. demolition will be no great fnancis
g loss. -
+ Mr.. Deering's agent, the David G. Be
/ Investme company, which last seaso
> built the Evanston building at secon
avenue S and Sixth street, for him, wi
have charge Of the construction and tn
n management Of the new building.
g William Deering has owned the prof.
t. erty several years, as also the NORTH
/, west corner Of Second avenue s an
d Sixth street, The David @. Bell Inves
Is Iment company has recently turned owe
+ la 100000 office, store and club buildin
l. on the other corner, called the Evansto!
Is and is about to follow this up with tt
Is greater Improvement at Fourth stree
:. to cost approximately 100000. 4. -.