The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-30
FIRST CENTER is ESTABLISHED.

warehouses ana wholesale houses were
built up in the neighborhood of the railroad
tracks. WOrkingmen sought homes in the
cheaper sections to the west, while people
more WeII-to-do were building up the east
side, on higher ground. Although there was
growth of population northwest, the
weight was still south, and the resultant
forces produced the greatest travel at Sec
Ond South and Main streets.
This is the situation today, with the
greatest real estate values here.
Looking into the future, to forecast real
estate values, one must apply the same
natural laws, taking into consideration the
forces which are at work.
In business property, the purchases by
Mr.. NeWhOuSe have forced the issue be-
tween upper Main street" and clover Main
street," with the dividing line rather intan-
gbIe, but being not far from Second South.
upper Main street" in the past has been
supreme. But business CenterS in other
cities have changed radically, and with
them realty values. New York has seen
great shifts in recent years. Chicago has
witnessed a readjuStment of values. In
Denver, old property owners who held out
tor high prices and refused to improve saw
business slip away from them, their own
properties decrease in relative value and
the business center move to another quar-
ter. Los Angeles furnishes still more re-
cent example. Holders of land on Main
street, ConplaCent in their supremacy, de-
manded exorbitant rents and sale prices.
and declined to put up modern buildings.
The business moved over to Spring and
Broadway and the CroSS-StreetS, and with
the currents of traffic and business went
the realty values.
FACTORS FOR LOWER MAIN.
There are a number of forces working
for Flower Main street." The prospective
current of travel along Third South street
is of importance. In this connection. the To-
cation of the new passenger station of the
Rio Grande and the Western Pacific is po-
tent. The depot will be on Third South
street, close to Fourth West street. This is
within walking distance of Main street, and
means that there will be large current of
foot travel along Third South. 1t follows
that much business will be done aIonq the
thoroughfare, and the location of various
railroad offices in Mrs. Mary Judges new
Railroad Exchange building at Third South
and Main streets will center much tran
silent travel in that locality. The erection of
a fine hotel by Mr.. NeWhouSe at Fourth
South and Main streets will turn much of
the transient travel in that direction, while
the influence of the KnutSford will help
Third South street.
The effect OF p0StoffiCe is decreased by
the carrier system, but it is still important |
and the new federal building is drawing
people south on Main street. The city and
county building, with the state offices, is
puIIinu in the same direction.
Mr.. NeWhOuSe is having plans drawn for
at least one fine steel office building or
Main street, south of Third South street.
Reinu between the federal building and the
county court house, this will be most con-
venent for lawyers, and they will naturally
seek offices in this locality. Mining COM
panies are important bidders for office
room in Salt Lake. They as rule look for
commodiouS quarters in an impressive,
modern building. A magnificent sky
scraper, as planned by Mr.. NewhOuse, will
undoubtedly draw many of them. Offices in
a fine and we'll known building furnish a
uood advertisement for professional men,
and doctors, dentists and other representa-
fiyes of the professions will without CUES
tion move into splendid structure such as
is planned. Each one will add to the cur
rent of travel to this LOCALITY, and will en-
nance the value of ground floor locations
for retail business. The new shops of the
Gould system will be in the southwestern
ct o9 fl,o civ The southeastern niIarfor |