The Montgomery advertiser., 1906-01-13
REAL ESTATE HAS DOUBLED
 IN VALUE IN FIVE YEARS

 Park South and Campbell Plat. located between Capitol Heights and Hiehlnnd Park There has teen q remarkable rapid sale of building lots in these sub nrbs. and a remarkably large amount of building going on upon them, Nor should 1t be forgotten that the same sort of development has been going on in the intermediate places. the places between these limited or bounded sub- urbs. Te suburbs have, as may easily be urde' stood, grown faster. boti, in territory and in value. than my other portion Of the city
 Speaking in general way Of the de- velopment of Montgomery in the past five years, C. c. Zirkle, of the firm of zirkie and Moore, said yesterday;
 Tt can hardly be dodbted that city property has practically doubled in the past five years. Suburban property and business property have doubled beyond doubt. Tn the suburbs and in the business district there has beo nthe greatest increase. The increase In value of residential property, that is the property lying between the suburbs and the business section has been sub stantial, but perhaps not so large as the city and suburt m increase"
 The NeW Buildings.
 For the past five years at least five hundred residences have been built in Montgomery do not include in this
 
 nually built The five hundred houses are the houses for white people. would say that in conservative esti- mate that these five hundred houses each year represents an annual in crease in the population of the city of at least 10000 people.
 t'"fhere is another feature of the real estate business. a development of it in recent years which seems to me should be oomented upon. ] refer to the tn- creasing demand for higher class and better houses. Five years ago when we had house for sale worth ST,E00 the class of people who might buy it was limited. There was no ready sale for property of this sort But now conlfi-T tions are different. Houses selling for sf2.oo0 and s15.00o find quite as ready a market as houses selling five years ago for $6.090 and ss,000."
 An aliusion to this same improve nnent in real estate condition in Mont gon1ery was fp1ado by r. D. Kolln, of the firm of F. M. Kohn and Sons. Tn talking of Montgomery development ana the advance of Montgomery prop erty Mir. Kohn said:
 "Why i've years ago when I had a twenty-five thousand dollar proposition. | there were not more than half dozen men In Montgomery could go to with it. Now if have good twenty-five thousand dollar proposition there are sixty or more men in Montgomery that l can take 1t to and get a trade if it | appeals to them"
 | However. in speaking of the develop ment of Montgomery during the past l five years Mir. Kohn expressed especiaI | qualification at the expansion of the wholesale district
 The Wholesale District. 'The expansion of the wholesale dis trict." said Mir Kohn, "has been one of the most encouraging features of the | city's development. It started with the building of the large and expensive | structure of Greil Brothers and Com | pany on Lee street. This was followed | by the creation by Winter, Loeb and Company of g handsome building on l Tallapoosa street and in time that block bounded by Coosa. Tallapoosa, Commerce and Bibb streets was almost rebuilt. Do you know. too. that more | wholesale business Is done in that block than in any single block in the State of Alabama7 We'll. it is a fact
 "And the expansion of the wholesale district continues. You probably heard | of the sale of the Roman warehouse property to Schloss and Kahn, the biz l wholesalers who arc going to build a big wholesale house on the site In this development, the expansion of the wholesale district,i the City Council ma ! chises to the railroads to run tracks into private property. Still the de- mand for more storage rooan by the jobbers of the city is urgent. And the necessity for more room grows more urgent each year. Why ten years ago before this building operation which [ have mentioned was begun. the storage 1 facilities of Montgomery were ample for the needs of the Jobbers. Yet those facilities were not more than one-fourth of the storage room of to- day. And still additional storage room is required by practically every wholesale merchant of the city"
 Leopold st-auss. of the firm of Holt and Strauss, had convincing proofs of the development of all classes of real estate in Montgomery storess resi- dences, farms and suburban property.
 There are no stores to be bought" said Mir. Strauss. "and there are no stores to be rented Every week we | get a number of letters from people who are thinking of coming to Mont gomery and going into business and most of them want information about renting stores. But there are no stores to be had"
 Jumps in Value.