Omaha daily bee., 1906-05-06


sold and that before the plat has gone on
record. In this number only one single lot
has been sold, the majority of the pur-
chasers wanting three or four. In no case
have they been bought for speculation, but
for the building Of homes.
There is a large demand for acreage
property at a reasonable distance from the
car line" said Mr.. Heyden. ~ have been
surprised at the success we have already
met in placing this new tract on the mar
ket We expected the lots to sell, but the
demand has been even better than we
thought"
Hastings q Heyden have taken the block
north Of their formerly exploited block 5,
Sulphur Springs addition. and have placed
it on the market It is just at the south
end of what is known as the blum tract
of the Transmississppi exposition grounds.
In block the majority Of the lots have
been sold and eight houses have been built
to date
II has turned out that the forty-acre
tract belonging to Mrs. Flora Brown of
Philadelphia lying just east of Krug
park, though reported sold a month ago,
is still unsold. The rumor of the sale
started from the fact that negotiations
LOOKING toward IndL enc were IN progress.
1t seems that a local real estate man
wanted the property for a client, and
wrote to Mrs. Brown, making her an offer
on II of $4,000, which she accepted.
When another Omaha realty man began
to make inquiries regarding the forty
Mrs. Brown informed him 1t was sold
and mentioned the name of the man to
whom she had disposed of it. There was
some slip between the cup and the
lip however, and the real estate man,
who han not put any money up on the
land to bind the bargain, retreated and
left Mrs. Brown in possession of the prop
erty. 1t is presumed that his client failed
him. Charles e. Williamson is now offer
ing the property for sale at the same
figure at which 1t was recently held.
The sale OF salvage houses to make
room for the new Northwestern freight
terminals continues. Saturday night
thirty-eight houses had been sold. out of
seventy-seven which had been placed on
the market by the railroad itself. while
the majority of those belonging to in.
dividuals had also been disposed of. The
sale will continue this week, and It is
expected to have the last house sold when
the sun sets next Saturday night. House.
movers are already at work clearing the
property of the dwellings, and the first
one to go was the store building at Thir-
teenth and California streets The re.
moval will be rapid from now on, for all
the buyers OF the houses have made con-
tracts to get them of the land within
thirty days from the date of purchase.
In several cases leases will interfere with
the work. unless satisfactory arrange
ments can be made with the tenants
Saturday morning FIRE destroyed two OF
the houses which have been offered for sale
| by the Northwestern. They were two
frame structures standing at the northeast
corner Of Thirteenth and California streets
and were priced at $780, A tenant in one
| OF them was getting lunch and her gasoline
\ stove exploded. scattering fire over the
house. 1t extended to another dwelling and
both were destroyed.
1.-THE influence of Herman Cohn's pur-
chase and the fact that other big deals are
thought to be pending on North Sixteenth
street has been felt on real estate values
in that section of the city" said George
G. Wallace yesterday. II have the agency
for a piece OF property there which not
long ago was held at $500 It was raised
to $500 and a few days later TO $1,000
Just about the time 1 thought / had IL
sold the owner sent me word he wanted
$3.50 for It, and I am now negotiating
on that basis.
Another factor In bringing about this
condition is the vacation OF the North
western terminal property by people who
have been living there. They all have TO
get new houses, and the most OF them.
having been used TO living in the lower
part OF the city. do not wish to leave the
business district. It is very natural that
they should try to buy between North
Sixteenth and the hill 10 the west and
around on Cunning street ss far west as
Twenty-third.
"AH through that three-cornered district
have mentioned inquiries for property
have been very numerous indeed In the
last two weeks"
Dirt was broken Friday for NJ E. Smith
& Co.'S buildings on Ninth street, bo-
tween Farnam and Douglas. one OF
omahas really big building projects. The
contracts are to be let soon for the erec-
ton OF the Carpenter Paper company's
new home at Ninth and Harvey streets.
Bids for the erection OF a new warehouse
for the United States supply company
at Ninth and Farnam streets have been
returned and are being considered. All
this marks a new era in the development
OF the wholesale district There seems
70 be little tfackage property aVailabls
west OF Tenth street ana the wholesale
district has TO grow east of Il. Business
men say Il Is only a question Of time.
until this district. already encroaching on
the limits OF the red light district, will
, finally push northward and drive the
denizens OF the slums TO other quarters.
One OF the surprising announcements
of the week was that the WoOdmen Circle
had given an option on its property at the
. | aouthweat corner Of Eighteenth and Far.