The Minneapolis journal., 1905-10-15

mer in this class of construction have
been gratifying. Still more pleasing is
the decision Of the Realty company of
Boston to double the capacity of its
warehouse at First avenue n and First
street, already large building. While
the heavy and expensive construction
by the Boyd Transfer & Storage COM
pany at Fourth avenue S and Lake
street is good Indication of the rapid
strides which the storage business has
taken and is also complimentary to the
city as being fathered by a local con-
cern, the announcement by the Realty
company means more as coming from q
foreign corporation.
This week the president of the Realty
Minneapolis. After days inspection
Of the city he announced to his repre-
sentatives in Minneapolis, that he would
at once issue orders to his architect,
Cass Gilbert of New York, to prepare
plans for an addition to the company's g
building, to cost about $4,000. This
is the second time an increase has been
ordered and there is capacity for an
addition of four stories more to the
entire building, which would make a
big structure eight stories high.
Saw Growth of City.
Mr.. Loring's deductions were made
after hasty review of the city and the
summers building. He saw the numer-
GUS new fiat and apartment buildings,
which are the principal feeders for the
storage business, and quickly made a
decision, which was reinforced by the
evident rapid and substantial growth
Of the entire city, both in the resi-
nifcant also that these orders are to
be issued for an additional expenditure,
notwithstanding the improvements and
additions and new buildings which have
been made by active competitors.
Much Of the best class business in
Minneapolis is said to be listed in the
patronage of the Realty company. For
this reason the construction of the new
part is to be everything that fire in
surance inspectors and police expert
ence, here and elsewhere, can suggest,
contents, surprising, in the progress of
the construction business, even the pres
ent standing building. The rate on this
building is reported as being at the
Minneapolis minimum, due to the elimi-
! nation of exterior and interior risk
| thru the manner of construction. In ad-
dition to being incased in a freproof
building and being Of freproof ma
sprinkled.o ..s. j. n s.. ll-7'~.
Conservative in the extreme, the
realty company plans q completed
| structure for the future that will mir
ror the characteristics Of the parent
corporation. Charles E. Foster, the su-
perintendent in charge Of the building,
has not received instructions as to bids
| and contracts, but early announcement
the details of the building. -
l. ~ The Realty Dlant was Ori rina11vJ q
conversion Of the old commission. row,
but almost entirely Of new construc-
tion. The cost at that time, five years
ago., of the investment was over
$50 900; Two years ago the company
doubled the capacity of. the building at
cluded an addition adjoining the corner
building which completed occupation Of
the First avenue frontage. The new
addition will cover the wide private
alley in the rear leading from First
street. The first floor, or alley space,
will be left open for an entrance. This
will be fre-proofed over and built three
stories above the alley with a founda-
tiop capacity for carrying four stories
above. Completion Of the eight-story
building is contemplated as soon as the
growing business warrants.
President Loring laughingly called
the attention Of one of his agents to
the fact that originally he had thrown
2 little cold water on the prospective
improvements Of the company 8 corner.
In the light Of the remarkable and
unforeseen rapid growth the complexion
Of the situation had changed what had
appeared to be an almost reckless spec.
ulation.
The federal government uses a pro.
portion Of the building, or one section,
as bonded warehouse for goods await:
ing duty liquidation and inspection
The changes are expected in no way
to affect it's occupancy, except as q
continued Endorsement Of the construc.
tion. sGsatsE