Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1906-02-18
TWO MILLIONS
IN HUGE BLOCK
ANOTHER BIG Department
STORE FOR LOS ANGELES
John Crosse, the Chicago Capitalist
Secures Fifty Years Lease on
9s Lot at Corner Broadway
and Seventh Street

Los Angeles Is certainly going some
In the line of gigantic commercial ,es-
adjustments. The city soon will have
in full operation an immense depart
ment store that will be a monument
Of beauty and commercial Importance.
The huge building, a great eight
story structure, will occupy the north
west corner of Broadway and Seventh
street, with a frontage on Broadway
of 142 feet and 100 feet on Seventh
street, Vincent Place running along
the west side of the lot.
Negotiations for possessions Of the
valuable corner have been in progress
for two weeks. They were closed Sat-
urday. The Tehama Co. syndicate
controls the corner lot, LOG feet on
Broadway, and Mr. Frankenfield Is the
owner of the lot adjoining on the
north, 35x150 feet, on which is build
ing occupied by Orr e. Hines, under
takers. John Crosse Of Pasadena,
capitalist who has operated extensive
ly in Los Angeles real estate, secured
q fifty-year lease on the Frankenfield
lot, which lease was transferred to the
Tehama Co. syndicate. The syndicate
in turn transferred the lease for the
entire frontage over to the Ell Emporio
Department Store company, and this
company will proceed at once to put up
the building. The plans now are being
drawn by Architects Parkinson &
Bergstrom, and will call for an expen-
diture of $1,000000, to which will be
added $1,000,OO0 for furnishings and
general equipment Occupants of build
ings on the corner have been notified
to vacate, as it is the purpose of the
ENr11nnriO tn have the hip
building ready for business next Oc-
tober.
The members Of the Ell Emporio COM
pany are Charles E. Crosse of Chicago,
formerly with the Marshall Field Dry
Goods company; e. M. McGillitt of
Cleveland, Ohio; ]. B. Schwegler of
Buffalo, and F. L. Besselman, for many
years connected with the Hamburger
department store of Los Angeles.
The site selected for the big store
is regarded as one of the best in the
city.
For the third time since November
s, 1905, that piece of land lying on the
west side of Alameda street and Slau-
SON. avenue, within the city limits
containing about nine acres, an old
landmark, and owned by one of our
pioneers, John G. White and members
of his family, has been sold, and the
DTeSeIlI OWUGIS, M. N. AN IL II.
Jacoby and Otto Meyer, have secured
the property for $4,000. 1t Is the in
tention of the new owners, If the prop
erty is not sold again within thirty
days, to subdivide this industrial tract
in ten factory and warehouse sites. The
tract is bounded by the Southern Pa
cific and Santa Fe routes toward the
ocean.
Applications have been received for
q portion of the same, such as are
suitable for new industries to be es-
tablished in Los Angeles.
1t is reported that Madame Modjeska,
the famous actress, who recently sold
her home known as Arden, has pur-
chased a lot in Strong & Dickinson's
Cottage Terrace tract, adjoining the
city limits on the way to Glendale
The lot is 40x125 feet, on which Nodes
ka will erect model home. Wheeler
& Armitage closed the deal.
Joseph Burkhart will erect fine
residence to cost $4,000 at GAL Vermont
avenue. 1t will be of the old English
style of architecture, designed by
Architects Hudson & Munsell.
An entirely new feature or safeguard
In syndicate formation is being worked
out through the Title Insurance and
Trust company by j. B. Lesser of ga
Pacific Electric building. The essen
tial change is in the incorporation of
an executive body or committee, elect
ed by a two-thirds vote of the shares.
The object is to break UP the alleged
dictatorial and very often improbable
management of the business end of
tract and subdivision syndicates. 1t
is asserted that Los Angeles has had
numerous instances of acknowledgment
on the part of those in absolute con-
troll and 1t stated that there are few
cases where there was even failure
to get an exact accounting of the funds
of the enterprise This committee fea-
ture will eliminate these objections.
The syndicate to put into practical
working these features will be the one
just under organization by Mr.. Lesser
to handle new West Adams street
tract. A plat of some thirty acres that
lies high and slightly in this high-class
residence section. Mr.. Cleaver, late Sec
rotary of the Y. M. G.. A., has ascot
ated himself with Mr.. Lesser and be-
ing well and favorably known his con-
nection with the enterprise is one that
will enlist hearty cooperation