The sun., 1906-05-27

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fgsu the Psssalr River Nv au slevaslpu ~
~ fest fhe hussnaaH and teuement dls-
'fIets aee q, ne foot ~ the aBpr, alone
ihe river front and on mo bay The fesl.
dcHee neiahburhowia Rrs 1n hieh afDund,
wh"fe thefe 10 plenty ~ fougn foS espaaalyH,
ahd wlefe consequently, land " nie,letate
IN price 'fhs failsoad sarvice le esceps
tionally gooi, and thefe IL M need ~ aolHa
away from h1tue 10 de- ho,lrehold Shopping,
for the Iocal department stores and mar.
hsts, which are eaces,ied In siee ~ few re-
tail establishments In tle ouihtry. may he
reacled l,y few minutes f,eie on the tfol-
ley, The Newark public school syH,em is
regar,ied a. an educational model through.
oft the United states.
The city j. just nov. like New York. en-
loving an extraordinary boom In real ea-
tate lts pritcipal development l., of
course, along Industrial lines. and the
greatest activity IL IN factory and tene-
ireht properties. low freight charges on
the Passaic River. excellent railway trans
portation. and the proximity of the port
and the Wholesale markets of New York,
coupled with cheap lard. furnish an In
certive for manufacturers from New Eng
lard and the West to establish themselves
In Newark
New plants are being erected IN large
been redrai-ed IN the Tenth and Twelfth !
wards. A movement IL on foot TO irduce |
the Federal Government to aid In building |
a ship canal from Newark to New York |
Bay, an Improvement that would greatly
Meanwhile the local board Of trade Il send
ing out information to manufacturers all
over the country concerning land values,
tax rates, transportation facilities and
markets.
city to forge ahead rapidly in the matter
of industrial enterprises, for the growth
OF manufacturing is bringing prosperity
to other business interests. Owing TO
influx Of factory operatives. builders Of
tenements and two family dwellings are
giving extensive employment to labor in
order to supply new housing. Further
more, the growth of the industrial popula-
ton Is reflected in a greater demand for
sites in the retail shopping districts. Prop
IN Gfr h0a aNlA tl.r NJ
from 81, 900 to SIC, a front foot, and prices
in Market, Halsey, Washington, Plane,
Bank and other central streets have gon
up radidly in the last year.
affected by the city's industrial progress.
and there Is a good deal Of building under
way in the Clinton Hill, West Newark,
Roseville and Forest Hill sections. each Of
which has populous colonies Of New York
commuters. At ForestsHill, select neigh
residences with wide lawns are the rule.
They are just now being built In consider |
able numbers, and many Of them are sold |
to New Yorkers at from s5 900 to $50, 900 each.
One Of the % chief si3, seats % Of building activity
and two family houses prevail. Many
private dwellings are, however being
erected at a cost OF from IS 1000 to $50 600
on the crest Of the hill and on the Wee
quahic tract along Elizabeth avenue, near
West Newark is also building up rapidly,
with two family frame houses
and flats, Springfield avenue will soon be
lined with construction Of this description
as far as the recently annexed vailsburg
section where number of tracts are being
improved by syndicates for building pur-
poses.
At Roseville, which extends from Central
avenue north to Bloomfield avenue and
west from the Morris Canal and Branch
Brook Park to the East Orange line, an
$50, 900 apartment house has Just been
finished. North of Orange street are found
residential properties ranging in price from
S. 600 to $4,000, and some high grade apart
ments. This section, however, ia pretty
we'll built up from near the canal west to
{ he city line and north to few blocks
beyond Park avenue.
The extensive real estate move meRt in
Newark is no doubt due primarily to the
city's rapid growth as an independent
industrial centre, but it is stimulated to an
important extent by an influx Of population
from New York. This influx Ia certain to
grow in volume, for the McAdoo and Penn
syvania tunnels will in few years prao-
tically annex the Newark residence suburbs
10 Manhattan. There is probably no place
where commuters may buy home at mod
srate cost with greater certainty that II will
Increase In value in the near future than in
Newark.