New-York tribune., 1907-09-22
SOME FINE PLOTS SOLD.
LARGE DOWNTOWN DEAL
The Plaza ReUelatiOn of the Fast
WOUements IN Hotel Building.

While the volume Of business transacted last
week in the real estate market was not large sors
deals which ought to have beneficial effect on
trading were perfected In the auction market
many buyers found for Bronx and West
chester lots the total sum realized at three lot
sales held by Bryan L. Kennedy being over
S66s. 900.
An enjoyable feature Of the week was an tnspec-
ton Of the Plaza Hotel by real estate experts The
Plaza Hotel. which is almost ready for tenancy.
occupies the westerly block front IN 5th ave, from
5Sth to 59th st That inspection was revela-
tIon OF the wonderful progress made in hotel build
ing in the last ten years and the remarkably large
scale which the realty leaders carry out build
ing projects.
Realty men are successfully undertaking many
vast building projects that the market is considered
stagnant and unattractfve unless various sections
frequently transformed by big building move
ments and deals put through OF the spectacular
and record breaking order Last week the Century
Realty Company. Of which William H Chess-
brough is president. and the Alliance Realty Com
pany sold for about 100000 cash No 43 TO 47
Chambers extending to Nos p and . Resde st
The plot has frontage OF 751 feet IN Chambers
st. and Of 749 feet in Reade St. with depth
on the easterly side Of 15t4as feet z. A Tredven
was the broker. The buyer intends 10 erect large
structure on the premises part Of which he will
use for his business Less than ten years ago
2 transaction involving 100000 and which would
result I'm an important Improvement. would have
discussed
torfty Of realty operators and investors r. takes
many big deals 70 arouse widespread interest
in the market. and that is due 70 the fact that
there are many prominent in present day trad
ing who. regards ability in their chosen field.
are indeed great men. Who could imagine William
II. Chesebrough suddenly stepping down from the
pinnacle he occupies in the real estate market and
operating in old tenement houses7 Nor would there
be greater uIrprfse 70 realty operators than 70
behold Robert z. Bowling or Harry : Black. g
Bradish Johnson Henry Morgeuthau or Felix
Isran Or Edward Holb-ook quickly executing
right about face and devotfng their attention
70 the quiet walks of the small lot buyer They
are some Of the realty masters. and they are
expected to prominently and as successfully
as in the past When the hands of these masters
Of realty affairs Idle the realty outlook will Re
sh-ouded IN gloom and the vast thronE OF medium
sized speculators and investors will have cause 20
Worry and also to trenble-
often the leaders get little praise for what thev
do because 50 much Is expected of them Nearlv
every person knows that the new Singer Building
Is the taIIezt Office building IN the world But rcv
few persons who gaze At the steel columns form
ing the tower Of the Singer Building. many hun
dred feet above the curb. glance az the building
being prIr UT adjoining II. 70 compare IL with
the taIIest huiIiing7 II is Just rs-1a-1ahIs
q building project as the Singer r. too. estaH-
fishes A realty record. Il viii have a larger foQ-
than any other Office structure IN the world
Moreover II typf4es the tendency in business
Office I'm which every 81 It's many departments
will be found Robert 2 Dowling decided TO help
the demands resulting from this centraliza-
ton and his efforts in that respect brought about
the erection Of the great building adjoining the
Singer Mr.. Dowling's structure IS called tbs
Broadway Cortlandt Street Building.
Now 70 other record buildings The greatest
tunnel terminal Office building in the world is
ing erected by the Hudson Corlpauy- IN the west
erly block fronts in Church street - CorIa1dt
10 Fulton the largest tunnel terminal station
IN the world IS being built by the Pennsylvania az
S3d and eth ard the most expensive hotel
IN the world the Plaza. will soon open IT'S doors.
under the management Of Fred Sterry. one Of the
most capable hotel agers in the world. The
Plaza sf2.50o. 600 According experts. II is
so substantially built that hundred wears hencs
II will be structurally perfect The h-iIders Cf 4
think that coster hotel will not be erected IN the
next twenty or thirty years The most surprising
feature of the Plaza IS that large single
10 be had there for 81 a day dollar there has
large. II not greater buvi1s power than az
any other hgh-cIass hotel That is o. ths
things that the builders Of the hotel hoped %