New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-01
RTTLDING ACTIVITY.
"A Record Breaking Year-Some
Projected Structures.

nd
= the city was such a vast sum expended In
v ,oar for buildings. The total estimated cost
:. nu;s,ngs for which plans were filed In the
~ &c s162 sol 1863 which is S25, 100000 greater
-, the largest previous sum spent in year
=, Manhattan and Bronx construction work
- moreover, in the number OF buildings
..+ad or for which plans were filed 1910 came
~ making another new record, the total num-
= NJ building plans being 4,SOo, as against
500 for 1899 the best building year until the
present year
larger demand for buildings than the sup
=, o-sa+ areas 81 land suitable for Immediate
,,,roveulent and satisfactory building trade
- 4nanciai conditions are usually the fac
tors in every building boom. Favorable build
,rg trade and financial conditions are the
o-arnourt causes. There have been years when
tnilders would have had severe losses if they
had been unusually active in building, for the
,sason that the supply was equal TO the demand
~ there were labor troubles, or the money lend
.re had no money 10 lend for building operations
unless they got big bonuses for their loans IN
,bose years there was little building. The pres
-. raar like 1899. was most favorable for wide
snread building activity.
IN 1899 the building boom was largely due to
che domestic building movement to supply the
ont building code, which was soon to go into
e4act would seriously affect building opera
tio,e here for some years. IN the following
year bass than one-haf the sum expended for
CONSUMPTION work in 1899 represented the total
cost Of buildings for the year. IN 1901 the de-
rnsrd for houses nearly equalled the supply.
There were fled in that year plans for 2,512
e,rnctnres. Il cost Sis, S97, $40 Labor troubles
arrested building progress in 1902 and 1893, and
-nanv builders and large mum beTs Of worknen
suffered severe losses IN 1904. there was con
siaerably more building activity than in 1902 or
1866 and OF every hand there were signs OF me
real estate market slowly taking on new life
When the subway was opened on october -,
TGll great numbers Of. builders and operators
were ready to improve with h2thoQses me gredL
areas Of vacant land reached by me SUBWAY
ana brought WITHIN easy transit facilities OF the
theatre and shopping districts and the principal
business centres AS favorable building trade
and financial conditions prevailed and q belief
was general il realty circles a. the beginning
Cf 1906 that the city was considerably uIlQer-
built in modern iathouses, remarkable build
ing boom followed In many instances builders
pus UP twice as many houses as they at hrst
planned ,.. :+,
fathouses For This reason there IS likely to be
less fathouse building II 1906, But builders
vii not have many idle DAYS unless the present
building trades troubles result IN general Ile-
m Of construction work 1t Is thought that
the labor difficulties NH Be amicab!y settled N
the near future and that SATISFACTORY DulIuIIS
conditions viii prevail throughout the year.
All signs seem to indicate that 1916 Will be
marked for building activity ~ the west SIDE
quarter north Of -,5d-st.y il the 6th-aYe SHOP
ping district between I'D and 34th SIS, II 34th-
ST. between 9Th and 9th ayes. and in many
streets near the block front on the west side OF
Gth-aye between Sd and odd Sts. when
has beer selected as site Tor the pro-
posed New-York and Jersey Railroad terms
nal for the 6th-ave- spur OF its MOrtOn-St. tun-
mel The terminal plans have undoubtedly
reaTakened interest in the upper shopping por-
ton Of 6th-ave. and many buildings are likely
10 be built there in 1896 IN many suburban
places The supply OF cottages is not equal to
meet the needs in this respect. large number
q big building projects We're begun III 1879.
The excavation work for the Altman store. TO
cover the block front the east side OF 3th-
ave from 34th To Both SITS. Is unfinished. only
half az the old buildings on the west side of
Church-st. between Cortlandt and Fulton SITS,
on which the twenty story terminal Of the CoTt-
anct-st. tunnel is 10 stand have been razed- and
the steel foundation work Of the Pennsylvania
tunnel terminal al .ljd-st. and 7th-aye- has not
Yet been begun. Near he site Of the Coruandt-
81 tunnel terminal the West Side Improvement
Company Of which General Howard Carroll IS
ONCE building which VIII be, with a tower.
twenty-eight stories nigh. II will cover the
premises Nos 13G and I3S Cedar-st. No. y
AibaHy-st- and No. 81 10 50 Cedar-st.
T1a size or the plot To be improved is 1JS.1O3s
by lU2 feet. The cost OF the structure will
8 S-F1ptt T VIII lee built from plans drawn
y GaSs Gilbert. AT REctor-st. and Trinity
fLaee me United States Express Company IS
gNA use and ~ lower Broadway the Adams
EATress Company Is to build d twenty story Of
fee structure.
~ lie southwest corner Of Liberty and Tenn
Us Els he Fidelity and Casualty Company will
III W an Office building Then on the site of
t1- 81. Eoreei Building No III Broadway an