The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-04
HOME BUILDING IS
GAINING POPULARITY
Detachment of Segeyul Comparatively New Resi-
demce Districts VIII Be a Strong Feature of
What the NeaO Additi0nS er-FnrtherNnce
of the Neighborbood Idea Marks the Situation.

Heights, to be exploited by Edmund G..
Walton for the Arcade Investment COM
pany; Linden Hills, which was very
popular last season; the j. T: Elwell ad-
dition southeast; Washburn Hill, new
exclusive section. ~: ... IS
While the Green 8 additions are the
oldest of the districts in the enforce
ment Of restrictions, as they may be
called and one of the early districts to
be opened, N. II. Emmans, the agent, is
preparing to carry on an extensive cam
paign this year for new settlers. Mr..
Emmans originated the restriction idea
as to building line easements and the
minimum house cost and is prepared to
show that. his plan has been not only
one Of the selling features of the
Green g additions, but also has helped
to create their popularity and has made
them, from an esthetic and uniform APP
pearanee standpoint, unequaled in Min
! neapolis. .,
Walton Park Methods.
Methods employed to make Walton
Park popular will illustrate the zeal
with |vhich agents and owners prose-
cute the exploitation Of these proper
| ties. The first sales were made by auc-
ton, free transportation to the auction
tent on the grounds and free forage was
provided; easy terms and low first pay
ments were offered. Later the agents
| had water mains extended to the
grounds, took up gas supply with the
gaslight company, negotiated with the
street railway, company for. extension
a site for a school building and built
houses for sale on easy payments. In
the exploitation of Columbia Heights
g. model street will be laid out, on which
model houses will be built, as an exam
pie Of what may be: accomplished in
construction at medium cost.
This competition, however, is be-
them; a competition of ideas and meth
arising from the excess Of demand over
supply. The question arises, neverthe-
less, as to whether there are to be
enough of these opportunities to. buy
with corresponding range of values
=. Demand Is Growing.
The demand for these lots is growing
more rapidly than the increase in popu-
lation. While new population is COM
ing in because the natural growth
Of the city's commerce and manufacture
ing requires more clerks and employees
Of every sort and while new institutions
employees and their families to town
with them, these do not create the only
demand for homes. The reaction from
flat life has had something to do with
the increase in home building, but the
chief incentive besides the desire every
man has for freside all his own, is
the increase in prosperity. The money
which the provident man has laid in
the bank burns after time and it is
turned into real estate, when bargain
is found, and then into dwelling.
I Necessity will compel the plating Of
still more additions and the opening Of
many more new districts. AS long as
the city continues it's steady growth
and wages remain high and steady,
there will be demand for the class of
property referred to.
Liberal Restrictions
The laboring man is being just as
well taken care of as the salaried in.
dividual in his particular neighbor-
t hoods and the plutocrat in his. " =
The David @. Bell Investment COM
pany and Thorpe Brothers have opened
: additions along the Minnehaha car
} line and towards tho river, which they
have, been able to place within the
: reach Of tho wage-earner, and in which
he will not be compelled by competi-
} tion to build anything but cottage
, that is entirely within reach Of his
! earning capacity. The Kelsey Realty