The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-09
THE REAL ESTATE MARKET.
BUYING STIMULATED BY MANY
NEW SUBW AND PARKS.
The Bronx valley Park commission Will
Ask the legislature 10 Establish q
Reservation Eight Miles Long Park.
WAY on the sound u Also Demanded.

way on the >OIInd Us Also Dclnh"ueu'
Dealing in Manhattan real estate was
stimulated last week by the announcement
that the Rapid Transit Commission will
shortly call Tor bids for the construction
and operation Of four new subways. A
good deal Of speculative buying was noted
in ncighhorhoods that will be Affected by
the Third avenue, Lexington avenue,
Seventh avenue and Eighth avenue routes.
Some activity was also apparent along the
various proposed Bronx subway extensions.
The demand wa, principally for improved
realty and was entered chiefly N Man.
haitian hollow Firty-ninth street. " was
evident, however, that preparations are
under way looking to a big campaign IN
tho northern suburbs next spring,
Through the purchase Of a large tract OF
land near Fort Schuyler. arr CCT6Cd on
Friday. II became known that a syndicate
headed by Louis \. Rise is buying mp all
the available property between Throgg's
Neck and Pelham BAY Park along the shore
of Long Island Sound. The Legislature
will ba asked to authorize tho colltrlct'oh
NJ a boulevard along the Sound, and the
property needed for the highway will he
donated to the city if the latter will under
take 10 defray the cost Of construction
OF conrsc the syndicate's remaining land
would enhance greatly in value as a result Of
such an improvement.
Fridays purchase involved about 30
acres, comprising tho old Bruce Brown
tract and the Robert Turnbul property,
midway between the WestChcSter Country
Club and the Government reservation at
Fort Schuyler. Several other holdings
along the route Of the proposed boulevard
have been obtained About two months
ago rhe syndicate purchased Thomas J.
Havemeyer's property on Throgg's Neck.
The road as now planned would join the
%easterly end of the Bronx and Pelham Park
way and would bring the Bronx and Pelham
Bay parks in direct connection with Fort
Schuyler.
II was said on good authority yesterday
that tho Bronx Valley Park Commission,
appointed last spring by Gov. Higgins to
look into the advisa bility Of establishing
a public park on both sides Of the Bronx
River from the Botanical Gardens to Ken
sico in Wcstchester county, will in its report
now being prepared for the Governor
recommend the purchase of the property
needed for the park.
Madison Grant, chairman Of the commits
sion. and his associates, James s, Cannon
II ldNt WIN fhpA ~ y wv iHAia
on the ground that it will preserve the
scenic beauties of the river and prevent
the threatened pollution of that part of
the watercourse which lies between Morris
Park and the Chappaqua Hills. The COM
missioners will submit estimates of the
cost of acquiring the land, which will vary
from 100 to 800 feet in width on either
side of the river, according TO the character
Of adjacent property, il being necessary in
some sections TO absorb highways and
other improvements to carry out the scheme.
II is understood that the cost is figured
al about 81, 900, 900.
The park will be owned and controlled
directly by the State, and the report of
the commission cites as a precedent the
attitude assumed in recent years by MasSa-
chusetts, which has acquired large tracts
Of land along the upper stretches of the
Charles River TO protect that stream from
contamination and its shores from van
dalism. The rapid development of The
Bronx, especially in and about Morris
Park, has already made great inroads on
the scenic charm of the Bronx River.
Acting on the suggestion Of representative
citizens Gov. Higgins last winter deter
mined TO inquire into the eXpediency Of
taking over the river and a strip on either
slider of il from the Botanical Gardens,
adjoining Morris Park, to Kensico.
The park will he eight miles long. The
suggestion has been made outside Of the
commission to establish a driveway through
out the length of the park. connecting with
the Bronx Boulevard, which is TO parallel
the Bronx River from the Botanical Gardens
o the city lire.