The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-07-04
SALES REACH
$4,000 MARK
Eastern Investors Pay $40,-
600 for Groves Corner on
First South Street.
PROPERTY IN BIG DEMAND
SITE BOUGHT FOR EMERY.
HOLMES ANNEX.

Real estate transactions totalled well
over $4,000 yesterday.
The leading deal which is not quite con-
Guided, but in which on agreement for
sale was made concerns the transfer of
the we'll known Dr. Groves corner at First
South and First West streets, which has
been purchased by eastern men for spec
ulative purposes This property was left
by the late Dr. William H. Groves for the
Groves Lattef-day Saints hospital. S. c.
Wing purchased the property year ago
from the Mormon church and yesterday
Little & Little made a deal to sell it for
Mr.. Wing to an eastern man whose name
is withheld until the deal is concluded.
The price to be paid is about $4,000 which
is considered a bargain in view of the
fact that there is a strong demand for
lots in that part of the city in consequence
of the building of the Oregon Short Line
depot and the paving and Improvement of
the street. In the boom days of 1890 the
property in question sold for $4,000 The
lot consists of 155 feet on First South and
1211a feet on First West with right or
way. 1t is understood that no improve
ments are contemplated Immediately.
Annex to Emery-Hoimes.
John S. Bransford, acting for Mrs. Grace
Emery Bransford, who owns the Emery
Holmes apartments, has purchased prop
tending 120 feet on State and will erect
an addition to the Emery Holmes. The
corner lot 60X115 feet was bought from
A. Fred Wey for 1880. The lot south
and adjoining with 100 feet frontage on
State street was bought from DR.. T. A.
Clawson for $4,000. making a total of sale
price of s27 600. Mrs. Bransford now owns
the entire frontage from South Temple to
First street. The transaction was neSoti-
ated through W. j. Hallor2n.
The naW building which will be erected
as soon as practicable, will be known
as the Enery-Holmes annex, and will be
built on the same magnificent scale.
VIII Build Homes.
Another property transfer yesterday
was that of the entire block between
Third and Fourth South and Ninth and
Tenth West streets. This was owned by
James t. BeeIs and others and was sold
for them by Kelsey & Gillespie to g; r.
Boutwell, and r. E. McConauShy. The
price paid was sI5,TJ0. The property is
listed as block 81, plat c, and is con
sidered valuable site Cor resi- 1ences, The
purchasers intend to erect a number of
homes on it beginning work on these as
soon as practicable.
Will Erect Big Store.
A deal which has beer pending for some
time past was closed yesterday. This in
wolves the sale of the property just west
of the Greenewald furniture on Third
South street. The property was
sold by j. E. Greenewald to j. r. Payne
and the price paid was $4,000. Mr.. Payne
will build a thrae-story modern building
on the site With the completion of this
building over half the block between Main
and West Temple streets on Third South
will be fFonted on the south side of the
street with handsome store buildings. A
rooming house and residence occupy the
west half of the block.
Store for State Street.
P Mulrooney of Denver. who purchased
the property Immediately north of the
Miller hotel on State street near Third
South street recently is having plans
drawn for a one-stOry store building for
this city to cost $4,000. The property has
a frontage of 124 feet on State street and
q depth of 30 feet The structure will
have 1S-foot ceilings and neat front