The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-23
0. j. SALISBURY
BUYS BIG TRACT
Pays $125,000 for Four and
/ Three-fourths Acres in Ken
& dali Square District.
DEAL DEEMED SIGNIFICANT
TENDS TO BROADEN FIELD OF
REAL ESTATE ACTIVITY.
DEAL DEEMED SIGNIFICANT

4 Closing a week replete with important
deals in downtown business property, an
nouncement was made yesterday of the
purchase by o. J. Salisbury of Salt Lake
of the valuable four and three-quarters-
acre tract of business and residence prop
/ erty- belonging to the r. X Thomas In
Vestment company of Salt Lake, between
Fourth and Fifth South streets and West
I Temple and First West streets, known as
the Kendall Square district.
Mr. Salisbury paid approximately $125,-
900 for the tract, title going to the new
purchaser at once. The deal is the larg-
est that has taken place in business prop
crty here since the sale of the Bamberger
corner at Main and Market streets to
Samuel Newehouse for $4,000, several
weeks age.
With frontage on West Temple of
twenty rods, 4 frontage on First West
street of fifteen rods. and running the
entire length of the block between these
two streets. the property contains exactly
four and three-quarters acres of ground.
MIR. Salisbury was unable to secure the
small corner OF the original tract fronting
ON First West street and south of Ken
dali square. This piece is 1OX5 rods.
Running through the center of Mr..
Sailsbury's purchase IS the private thor
ouShtare commonly known as Kendall
square. The property is improved with
twenty-thTee dwellings, and two stores.
The improvements are in excellent shape
and the investment is understood to be
on an excellent paying basis.
Deal Is Significant.
The Significance of the deal is exceed
ingly timely, in view OF the fact that Mr..
Salisbury Is recognized as one of the most
+ conservative real estate investors in Salt
Lake. The fact that he has purchased
so extensively IN section of the down
town business district somewhat removed
from the Immediate neighborhood of the
recent Ncwhouse deals speaks volumes
for the confidence Mr.. Salisbury and To-
cal investors of his stamp hold in that
section of the city below Fourth South
street and east Of Second West street.
Il believe the section of Salt Lake in
the immediate vicinity of the property L
have purchased viii not be confined eX-
clusiVtly to business enterprises as the
city grows larger" said Mr. Salisbury
last night in discussing his new property.
Il think il viii be both a residence AMI
business section
= expect Salt Lake to grow to the east
and west of Main street, though perhaps
the growth to the west will be the heavier
in the immediate future.
I will probably improve a portion of
the property / have purchased, but have
as vet formed no definite plans as TO
these Improvements"
Peter Droubay's Purchase.
The Keysor Investment company sold
its property at the southeast corner of
North Temple and Second West streets
yesterday TO Peter DrOubay OF Salt Lake.
The deal was made through A Richter.
Mr. DrCubay paid $3.50 for his purchase.
The properly has a frontage of 90 feet on
North Temple street and 119 feet on Sec
ond West street. 1t is improved with
three brick houses. a triple apartment
terrace and a single brick residence.
Cannon d Cannon report the sale of the
Thomas J. Williams property. 3Nl0 rods.
on the south side of Second South street
Just west Of Third West street, TO Albert
Fisher Of Salt Lake. for So 600. 1t is I'M
derstood MIR. Fisher will improve the
property with 4 saloon and warehouse
structure costing $1,000.