The Minneapolis journal., 1904-12-31

opening of the west river bank parkway has made a
good prospect for advanced values and heavy set.
tement along the bank. The opening of the east
side parkway last year resulted at in the build
ing of fine houses and the filing of district which
had been vacant with good population.
The sale of property along proposed suburban cleo
trio lines to Scotch capitalists, recently consummated
looks to the development Of suburban life. But the
projected Lake street electric line is Of impor
tance to city real estate Immediately upon the
nouncement OF the street railway plans the Park Com
struction company bought big acreage at Thirty
hrst avenue and has already put under way the
struction Of great amusement park. E. G. Walton
later sold another bunch Of Lake street
two items only beginning Of the opening to
settlement Of the old farms lying along this artery Of
travel to st. Paul It illustrates the influence Of the
extension Of rapid transit lines and the power for de-
velopment OF the city, which the railway company
holds in it's hands. '- - -
~ The opening of the Parade near Hennepin and
Kenwood parkway redeemed lot of marsh property
and resulted in the purchase Of armory site on
which will be built magnificent home for the na-
tiona guard which also be used for large
blages. 1t makes good frontage for dwelling houses
which formerly would have had marsh pros-
Inasmuch as the new government locks and dams
at Meeker island will make wide and deep lake Of
the Mississippi river from the falls of Minnehaha
the university grounds 1t is not strange that the open
ing Of the parkway along this lake and giving
to lots facing the river bank is predicted in
heavy sales The value of this property is expected
to dawn the people of Minneapolis after the lake
has been made and the property gobbled up. S.
e .9asa+: r. The Cathedral Hennepin. @
Considered by the most significant pur-
chase Of the year, the closing of the options the
Of Sixteenth street and Hennepin by the I'M
macuate Conception parish site for its church
and the Catholic procathedral, is at least important.
Hennepin avenue has been looking up for eighteen
months The change in its favor had been pre-
dicted for years and has Thousands Of dollars
being expended in business improvements to the
street and the determination Of the church to build at
the high point in the bend of Hennepn taken
with the selection OF armory site not far away is
bound to have greater influence the future pros
perity Of the avenue than is generally conceded Be-
sides the expenditure of al million dollars in
the next decade this church, which in itself will
do much good to Hennepin avenue from artistic
standpoint, the strong church who selects Min
neapois for an abiding place will lock up property
near his church. In other words the cathedral will be-
come home center.
Movements Lakeward.
Another feature Of the residence development
trend must not be overlooked, and that is the lake
movement. Since the repatting and marketing of the
Remington additions the southeast shore of Lake
Harriet, there has been great rush to get the
water. Calhoun and Lake Of the Isles we'll Ce-
dar, have been favored with something like boom,
and the districts are building up very rapidly
The development Of neighborhood retail business
sections and the opening of shows tenden-
- - Continued Page Ffteen)