Perth Amboy evening news., 1906-12-17
UH
STATEN ISLAND
Boon CoBtiuuss for the Borough
of Richmond New Workers.
Atst 80 Settle There. E8@

NEW YORK, Dec. 17:-The en-
phasis with which the much-talked-
of home famine in Richmond Dor
ough-particularly along the north
and east shore towns-is asserting
itself as the year is drawing to a close
has at last succeeded in infusing a
strong degree of activity into Staten
Island builders, operators and real
estate men generally.
AS a consequence of this. the be-
ginning of the new year will witness
a building movement that in scope
and magnitude will have no parallel
in the history of the island. A great
number of private parties who Sc
cured lots advantageously located
during the spring and fall are
shrewdly planning to erect homes on
their property before the cost of
building material takes thei Inevitable
jump that now seems almost certain
as a result of the far-reaching wave
OF building operations.
Even brokers who never followed
luis branch of the real estate bust
ness VIII during the new year depart
from their usual business channels,
IN recognition of the imperative and
crying needs now existin throughout
the island.
Mr.. ID. I. Cornell, { nong others,
will erect less than a Cozcn houses
around Clifton, on the east shore. as
soon as possible-certainly not later
than early spring. When questioned
yesterday as to the needs of the ISL
and at present, Mr.. Cornell said:
"Oh, we are swimming along very
nicely, considering the season of the
year; but what. we want-and want
badly-are houses-and houses
and more houses.p
Title to a plot 50x10 feet, on
~Stuyvesant place, st. George, from
Henry p. Morrison and others to Cor
nelius G. Kolff was closed the past
week. The consideration is $4,000,
and is an indication of the rapid in
crease in values in that section. This
is due largely to the completion of
the borough building and the Car
negie library. Mr.. Kolff is having
plans prepared for the erection of a
six-story modern Office building on
the plot purchased.
The building will be alongside the
Carnegie library grounds, d~iagonally
across the street from the borough
building, and will face the New
Plaza, which will be created at the
corner of Stuyvesant place and South
street by cutting a large triangular
piece of ground from the United
States Lighthouse grounds.
In reviewing the realty situation
on Staten Island Mr.. Cornelius G.
Kolff. a leading broker at st George,
yesterday said:
During the last year Staten ISL
and, the Borough of Richmond, has
justly attracted the attention of large
as well as. small investors as a profit
able field for investments ranging
from 500 to $4,000. The estab-
lishment of the new municipal ferry
between the Battery, New York, and
st. George, Staten Island, with the
five new palatial f~erryboats, Manhat-
tan, Brooklyn, Bronx, Queens and
Richmond, has placed Staten Island
at the very entrance of the great
downtown business section of New
York city, and has made it easily and
quickly accessible for the large num-
Der of men engaged in business there.
AS a result people have fiocked to
Staten Island in large numbers, in
search of homes, building sites and
HOUSES W rent, CIedllHS d uoliidlu lol
all kinds of property and bringing
about an increase in real estate
values which has made numerous
large and small fortunes for those
who were wise. enough to take adj
vantage of this condition.
1.-The future is even more promis-
ing than the past, and with the COM
ing of spring / confidently look for a
p,avnnnnnf thot will nynp dwarf the
activity of the past nine months