Los Angeles herald., 1906-06-03
LONG BEACH

Nearly all Of the lots in Back Bay
tract No. ! have been sold. This in
dicates that the people Of Long Beach
and from abroad have AT last come to
realize that the inner harbor PROPOSE
tion Is not a dream nor n lot-selling
speculation, but n reality which Is
fast being worked out. Hundreds Of
visitors make trips to the scene OF
operations Of the big dredgers every
week. Within the last month the suc-
tion dredger has scooped out and
pumped away more than $4,000 yards of
earth and the clamshel dredger. which
is trimming up along the banks OF the
new channel, has scooped out more
than 10000 yards. With the two dreg-
ers, officials of the company have am
tIcipated reaching the foot of Third
street by October. But with the ac-
quistion Of q third dredger which, IL
is said will reach here early in July,
even more will be accomplished.
The directors of a company which
will build n $4,000 furniture factory
have signihed their intention to locate
It along the new harbor. This will be
but one Of vast number of important
business establishments to seek sites
along the commodious and landlocked
waterway.
During the month Of May building
permits were issued here of a value of
1884 AIS, breaking all previous records.
The permits issued numbered 90. Fer
the year, the value of permits has been
G thus far $S27,015. A number of large
apartment buildings and stores have
been planned for construction at an
early date, for which permits have not
yet been issued.
Among the larger buildings contem-
plated is a seven-story structure, with
a 75-foot frontage on Ocean Park ave-
nue., with depth of more than 200 feet.
Al II
w. Heartwell and others. 1t is de-
signed for first class apartment house
above, with store rooms on the first
floor. The estimated cost is $500, 900.
contract was let Friday for an
apartment house to be built at Elm and
Ocean Front avenues at cost OF
about $4,000 by j. c.. Mulholland.
Work viii soon begin on a three-story
department store building at First
street and Pacific avenue lothian
Bixby Is backing this enterprise. Plans
for the building are being perfected by
the architects at the present time.
Just about one year ago Signal Hill
property was first put on the market.
Since that time the Transformation Of
the eminence into a fine residence site
has been continuous. Five miles Of
sidewalks have been put in and the
corresponding streets curbed. Palms
have been set out at intersections of
the streets and along some of them.
The work of oiling and graveling the
drives will begin soon. Four hand
some residences are now in course of
construction upon the hill, one OF
which is owned by George w. Hughes
of the Signal Hill improvement COM
pany, and six other dwellings will also
be built this summer. None of them will
cost less than $4,000. The residence to
be constructed for the Rev. S. Hartwell
tatill hn rnnrn6nptinn n
famous Ramona home. The Signal
Hill property has been taken off the
market and will not be offered again
until in December, when the electric
line to the summit will be in opera
tion.
1. S. Hatch formerly with the Illinois
Real Estate company, and G. A. Will
lard, formerly with the Kansas conf
pany, have formed partnership and
will conduct a general realty business
in the handsome Bixby building offices
recently vacated by +. q. Shaw.
The United Syndicates company, linn
tied, is syndicating forty-acre tract
at Daisy avenue and State street. All
the debentures have been sold, 1t is
said, but $4,000 worth. This company
makes a trust fund Of all that sub
scrbers pay for debentures and after
the syndicated property has been sold
returns the money invested and ~ per
cent OF the DrOIlIS. IHe COIupdhy 6CIo
the remaining 30 per cent, out of
which all expenses are paid. N. EN-
met May of this city is secretary of the
company and has a copyright on the
debenture issued. Epes Randolph of
Los Angeles is president of the COM
pany.
Engineers started last week survey
ing Cowan, Wiseman & Co.'S Vista Del
Mar tract, which in the future will be
known as the Mob Hill of Long Beach.
This enterprising real estate firm has
been delayed in placing this tract upon
the market by several unforeseen set
backs, but within a month the hills
back of this tract will resound with
the merry tune of many hammers. as
a large number of lots have already
been reserved along the Los Angeles
boulevard which runs through the en-
tire tract, and purchasers are merely
awaiting the completion of the survey
to begin The erection Of their resi-
dences.