The San Francisco call., 1907-06-15

The real estate situation during the
last several days was in every way
more hopefui and q better feeling was
noticeable, not only among real es-
tate operators, but also among property
owners
The Improvement in the car service,
the return to work of the iron men,
the tentative settlement OF the teie-
phone troubles and the clearing OF the
political atmosphere all contributed TO
the restoration of confidence A BRISK
revival in the market is now looked
for There is no cessation in buiid:rg z
and though five weeks of delay has
been caused in the downtown bus;d-
ings, owing to the differences Of opin-
ion existing between the employers
and the stone cutters. yet there is rea-
son to believe that this difficulty will
soon be settled and that work will
again be resumed on the big struc-
tures.p
The most noticeable improvements in
the city are in the way of private resi-
dences and flats. There has been a
steady inquiry for flats lately and
property owners within the past few
months have turned their attention to
this class of building as a profitable
investment and the result is that many
have been completed and many more
are fairly on the road to completion
one evidence that many new residence
buildings and hotels and apartment and
lodging houses have been opened can
be seen by the number of rooms to
let signs in that part of the city
where less than six months ago the
owners of houses asked high sums for
quarters.
ACTIVITY IN RICHMOND DISTRICT
The growth of the Richmond district
is the most remarkable in the history
or the city. Two years ago this part
OF town was fairly settled, but the
number of houses was comparatively In
small area The growth was toward
the bay, where some fine houses were
put UP by people who went there in
order to have a home which command
ed a view of the water and of the
Marin mountains. The example of the
few became general and soon a thriv-
ing suburban city. which seemed alone
by itself, came into existence Where
dwelling houses were stores had to
follow and shortly afterward a busy
retail section was stablished
The class of houses that are now
being put up in Richmond shows
that people who, are comparatively well
OH are moving there, and the district
which at one time promised to contain
only the homes of people of moderate
means is having its character entirely
changed.
The demand for sites for homes
which command fine views is increas-
lngs and there has been large in
quiry during the past few weeks for
this class of property. The fact that
the United Railroads has begun the
work of extending and improving it's
lines has helped the realty inquiry. as
quick communication with the down
town district helps to build up dis
trict with richer population than
what is generally supposed to go far
out. People who are well to do have
no objections to distance as long as
they have good night service, and one
of the first questions asked by intend
ing builders in the outlying portions of
the city is about the night service of
the cars. Where there are Owl cars
people readily buy, and the reason
given is that the weather. class of
residents patronize theaters and res
taurants and are more concerned about
transportation after nightfall than dur
ing the day.
IN THE DOWN TOWN DISTRICT
Eddy street is rapidly forging ahead.
and the block between Powell and
Mason on the north side is completely
built up The fact that this is level
fthoroughfare and easy of access from
the ferry has induced property owners
10 erect HOltlS, anu EuQy street VIII
have several hotels in operation before
the end of the year. There is good
deal of work also being done in Ellis
street in the way of hotels and lodging
houses, and the fact that this also is
a level street makes it desirable for
this class of houses.
Work has been commenced in clear
ing the lot for the White House. and it
is said that the builders do not intend
| to lose any time in constructing the
building.
Considerable curiosity is expressed
as to the intentions of the Tevis estate
with regard to theirSvaluable property
in Pine street running through to Calf
fornia street between Kearny and
Montgomery, known as the California
market The agent when interviewed
on the subject said that it was the In
tention of the owners to rebuild a
market and that some steps would be
taken if they could get all their old
tenants together and learn their wishes.
An intimation was given. however. that
the owners did not think it advisable
to commence building just at present.