Los Angeles herald., 1906-04-15

The floors throughout will be of Sc
lected white maple in narrow strips.
Plaster of Keene's cement will be EN-
ployed, and all ceilings will be sub
divided into panels by means of plas
tered beams, running longitudinally
and transversely on the lines of the
columns, all of which will be circular
and finished with an ornamented cap
directly under the beams. The steel
frame of the building has been de-
signed of sufficient strength to permit
of the erection of two or three addi-
tional stories at some future time,
bringing the height of the building up
to the full limit allowed by the city
ordinances. The cost of the structure,
exclusive of the interior counters,
shelving, show cases, lighting fixtures,
decorations, etc. will be approximately
$1,25O,000. The fixtures themselves,
which it is proposed to construct of ma,
hogany, will increase the cost to ST.
500 900 in round figures. The excava-
ton of the Broadway front of the
building was done by Carl Leonardt,
and of the Hill street frontage is being
done by the Engstrom company.
FuIfiIIment of Hamburger Pledge
When the announcement was made
last July that the Hamburgers intend
ed to build this building, it was re-
ceived with distrust. 1t was passed
around that it never would be built
that it was a scheme to unload a lot
of property on the public at high
prices, and under the guise of this i'm
provement. The Hamburgers have
been in business in Los Angeles since
October, 1881, when they unfurled the
banner of one price, cash, square deal
ing and uniform courtesy to all. They
a
next door to the corner of Requena.
Their business outgrowing the space,
they had erected for them the Bumil-
Ter block, and in turn the Phillips
block and Ponet Block. At present
they occupy a ground space of about
1856 feet on Spring street, running
through to New High street. Realizing
that the city was fast growing south
ward and away from them, and recog-
nizing the necessity of securing a To-
cation in the future center of the city,
ID. A. Hamburger was detached from
the business to attend to this end Of
the work. He finally decided that
Eighth and Broadway should be the
site and this was concurred in by the
company. Through the agency of w. /.
HollingSWorth and w. r. Burke tie
Hamburgers started to buy up all the
property they could. 1t was their in
west corner of Eighth and Broadway
and the southeast corner of Eighth and
Hill and $50 feet on Eighth street, but
they were blocked by j. c. Kays, who
refused all oVertures to sell or eX-
change his southeast corner of Eighth
and Hill. Plans were then changed and
S051A feet on Broadway and 124 feet On
Hill street. next to the Kays lot were
purchased.
Profitable Investments
The realty interests becoming so
large The Hamburger Realty G.
Trust company, with a capital of 81, ,OO0,-
900 was formed, with A. D. Hamburger
president, Messrs. S. A. and M. A.
Hamburger vice presidents and o.
Sweet secretary, with offices in the
Chamber of Commerce building. The
company's properties bought in and
around the store site have so improved
in value that when the same are sold
and converted into money the building
and ground upon which it stands will
represent the profit made on the ad-
jacent pieces of property purchased as
aforesaid AS a matter of public in
terest, 1t may be mentioned that the
northwest corner of Eighth and Broa1-
way was purchased by the company a
year ago last June for $1,000 foot, and
$4,000 has been refused for it.
In view of the rapid advance expected
to he made in the southwestern busi-
ness district, and the low prices of real
estate on Hill street as compared with
Main, Spring or Broadway, the Ham
burgers have again entered the market
and made the following purchases ON
Hill street: Mrs. Marion E. Hassan
sold to Hollingsworth & Barr 50x165
feet on the west side of Hill street, be-
tween Tenth and Eleventh streets, be-
ing the south two feet of lot five and
the north forty-eight feet of lot six,
in block sixty-nine of Ord's survey, for
the sum of $43,5O0, or $3.50 front foot
Hollingsworth & Barr in turn sold this
to The Hamburger Realty &
Trust company for $500 a front foot.
This property was offered to the Ham
burgers last June for $500 foot and
they declined it at that time because
they thought they had enough. They
also purchased from a syndicate of |
owners represented by the Title In
surance & Trust company through the |
agency of A. e. Halsey, 921 South Hill
street, being 50X155 feet to an alley. !