Omaha daily bee., 1907-02-03
TIMELY REAL ESTATE TALK
Activity in Northeast Part Of City Ia the
Feature Just Now.
SOME EXTENSIVE BUILDINGS ARE PLANNED
Onion Pacific Headquarters, NORTH
western Freight Depot and Coin
Block Are the Big Enter
prises Under way.

Building activity, which has been lacking
in the northeast part of the city for a few
years, will be noticeable In that section
this spring. 1t has already begun. Last
Friday the McCague Investment company
began the removal OF the old structures on
the site where Herman Cohn will begin the
erection Of large building in March. This
is on Sixteenth street. On the site of the
Union Pacific headquarters building, at
Fifteenth and Dodge streets, wrecking will
begin March and the contract will call for
its completion May Construction will be-
gin at once after that. Bids for the con-
struction OF the Northwestern's freight de-
pot on Davenport street are now in the
hands of the architect at Chicago and the
contract is likely to be let any day.
All the oity's biggest building operations
For this year. so far as scheduled, are to
be In the northeast section. The Cohn
building and the Northwestern depot will
be completed this summer but the Union
Pacific headquarters will be a structure
of such giant proportions that it may not
be completed by the end Of the year.
The end of the first month of the year
shows an increase OF 81 per cent in building
operations over last year and a slight de-
crease in real estate transfers. Seventy
eight permits were issued in January, rep
resenting S17O.7T5 in buildings, as against
forty-fve permits n the corresponding
month last year, representing $124.5OO The
only large permit was for the new Temple
Israel. to cost 10000. Permits for January
of 1906 amounted to but $27,690.
Transfers OF realty for last month
amounted to s7l1.e22, compared with s72s 2u
for the same month last year and S412 COS
in 1905. Some large sales which are now
being closed promise to make a large total
for February
Real estate men and builders agree that
1907 will surpass in point of residence con-
struction the previous year. when 700 dwell
ings were erected. Acting on this belief
those who were foremost In house building
last year planning wider operations
for this spring and summer.
The Byron Reed company is preparing
plans for ten houses, which will range in
value from 5000 to $4,000. and later in the
season may decide on that many more.
They will be scattered about the city, but
several are to be on Dewey avenue This
company built a number Of slightly houses
last summer on Harvey street, between
Thirty-third and Thirty-hfth. and all of
them were sold before they were completed
Plans have been completed for two fine
residences. Mrs. Cleary will build one cost
ing $4,000 at Thirty-seventh street and
Dewey avenue. and Joseph NJ. Cudahy will
build one at Thirty-eighth avenue and
Dodge street, to cost $20O 900 to $4,000. The
contract is about to be let for the Cleary
residence and bids will be invited in a few
days on the Cudahy house.
Hastings & Heyden are planning to build
fifty houses this year. They will cost 81, 500
to 5000. Contracts have already been let
for six. three of the best being in Kountze
Place. This firm has operated extensively
IN the same line for two or three years and
readily recognizes the signs which point
to a demand for houses. 1t has easily
sold all the houses it has built and expects
TO have no trouble in disposing of all II