Omaha daily bee., 1906-07-29
TIMELY REAL ESTATE TALK
Good Progress Being Made in the Big New
Omaha Buildings
MIDSUMMER MEETING OF THE EXCHANGE
one Day on which Matters OF Great
Importance VIII he Listened
To In spite of the
Vacation,

Good progress is being made on the new
big buildings OF the city. Foundation work
Is finished on one. OF the big NJ. +. Smith
buildings, at Ninth and Fsrnam streets
and the excavation work is finished and
foundation work begun on the other. Just
across the street south the foundation is
being laid for the warehouse Of the United
states Supply company. Just east OF the
Union Pacific headquarters. workmen are
laying brick on the second story Of the
warehouse of the Nebraska Telephone COM
pany. The floor of the eighth story In the
Byrne n Hammer building at Ninth and
Harvey streets is laid. and the work OF
laying brick on that story. the last one, has
begun. The Parin. Orendorn q Martin
building. on jackson street between the
Tenth and Eleventh street viaducts, Is up
to the last story. The WrightWilhelmy
company, wholesale dealers in hardware,
is occupying a part OF its new building, and
the contractors will have Il finished in a
few weeks The Young Mems Christian
association building lacks a part OF a story
and a roof but work is progressing rapidly
there. The iron structure has been set up
for six stories of the big Brandeis retail
store at Sixteenth and Douglas streets.
When the Real Estate exchange ad-
iourned q few weeks ago for the summer.
it named the first Wednesday in August
as a midsummer meeting day, when any
questions of Importance might be brought
before the exchange. The first Wednesday
in August will be next Wednesday. One OF
the subjects which probably will come up
is that of the payment Of water rates, the
members Of the exchange at a recent meet
ing having decided to pay the rate fixed
by the board instead Of that asked by the
water company.
Fred wead and Howard Baldrige have de-
cided to make the building at Twentieth
and Farnam streets two stories instead OF
one. believing that the westward move
ment of business will guarantee n revenue
on the investment and that a two-story
structure would do much more TO help the
looks of the street and increase the value
of adjoining property than a one-story
building. Four of the retail store rooms
on the ground floor have been leased and
negotiations are under way for the lease
of the remaining one. The building is to
be very much like that at the northeast
corner Of Sixteenth and Douglas, where the
Fry shoe store is, but II Is to be of better
grade of brick and the windows of the
second story are TO be much wider The
cornice is Of a pattern which will make
handsome building.
ut often happens that most unat-
tractive piece Of property yields a better
income than one more prepossessing," said
a real estate man the other day, driving in
the nelghborhood north and northwest OF
the federal building There is an old.
dingey looking building that one Is almost
7 ashamed to own, yet It brings more money
monthly than some which would be pride
to anybody. II has the advantage of being
close in, and there is demand for It all
the time. Then there is an added attrac-
| ton In the fact that 1t is bound to increase
in value rapidly as the city increases in
population. Your money grows In the
night, and you don't notice It,"