The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-11
.-lVEW BUILDING WILL
Isl SUPPLY MANY OFFICES
~
Demand for Rooms and Suites TOR B"s'ness fstr.
As hoses Is in Excess of the Present SAttIy-De-
A te,uzining the Banking and wholesale DIS
m t,1cts of the City-7he Present Sityation. +

3@5Great expectations attend tho pro-
lposed construction Of a bank and office
building at Second avenue 8 and
Fourth street, by William Deering. 1t
is expected to relieve the excess OF de-
fnland over supply for office room and
SO; provide offices of the better class
which are now far below the demand.
AZ the same time the removal from the
cheaper office buildings Of the class OF
tenants who want and can pay for bet
ter Quarters will throw on the market
a much-needed supply Of the medium
.nriced offices. The demand Tor both
qualities Of Offices is evidently greater
THAN the supply, as one instance will
show. Several prospective tenants OF
the Andrus building are simply exist
Inc. while waiting on the Northwestern
National Life Insurance company to re,
move to its new office building at
Eleventh and Nicollet, adjoining the
Auditorium, thus vacating an entire
floor.
4 with the completion Of the Desiring
building, whether eight or ton stores ns
Zee as congestion D1 eit viii be abated. The
Deering will undoubtedly be able to
5take care Of the best class Of office ten
4ants for some time to come, altho the
STEADY growth of the city makes the
demand continual.
Much speculation is abroad as to
whether the decision to build OF, the
5Deering site will do anything definite
towards q final determination Of the
Financial and office building center OF
$Minneapolis. Matters are in a very IN
definite state just now: Much depends
$on what site the First National will Sc
rh tn h11I NQfnr9
the banking center can't get very fa1
away from First avenue 8 and Fourth
street, so long as the new Northwest
$ern National building and that of the
National Bank of Commerce are used
e as saRP INK g Ptp%Tx bank anS tend
hold the center to Fourth street.
"a Factors for Consideration.
/ The final location of the city's cen
ter will depend a great deal on two
things: Whether the United Cities
SNicollet hotel, and whether the appar
3ent choice of business men. the Center
or f1atiron block is accepted as the SITE
of the new government building. A
big hotel and federal building a
Henncpin and Washington would be {
definite and strong pull towards tina
corner, or at least an anchorage there
AT the same time the tendency towards
the Glass Block, building, the Plym
as a definitely. determined center, i
strong. Hennepin avenue is waking up
decidedly, and it is still uncertain a
to whether the banking and office build
ing center can be shifted away from tn
Hcnnepin direction to Second avenue
between Fourth and, Sixth streets.
1t has been predicted by far-sighte'
investors that the real heart of the re
Fail business, office and bank sectio!
will always be included in the territor:
between Washington and Seventh
Hennepin adm Fourth avenue S. Th
wholesale district joins the retail a
First avenue N and upon the compile
tionl Of thee, W. B. Boardman trackag
project will gradually extend north t
Tenth avenue, at least covering tn
blocks included between Fifth stree
and the 500 Line yards at Secon
street.
South Of Fourth avenue the distric
is becoming implement, wholesale an
light manufacturing In its character
Dust now the business centers may b
districted az follows: Tenth avenue !
To First avenue N, Fifth to Secon
streets, wholesale, implement and scat
tered manufacturing; First avenue !
10 Fourth avenue S, Eighth street t
liver, retail, office, bank and seattere
manufacturing; Fourth avenue s to O.
dar avenue, Sixth street to Washing
ton, manufacturing, Implement an
scattered Wholesale. .