The San Francisco call., 1908-03-28
FINE BUILDINGS
WILL BE ERECTED
Leading ThOrOughfare Becomes
the Site for Financial :
Institutions
Realty Men Pleased With Rapid
Growth in the Downtown
Section of City

Another bank building is TO have its
foundations laid soon in Market street.
for it is understood that the Hellmans
have notified the store keeper at the
northeast corner of Market street and
Grant avenue to vacate the premises. as
they intend to commence work on the
new building The Union Trust bank
building at this corner Will be one story
in height with a mezzsnine floor The
exterior will be artistic and il is said
that from an architectural point of view
the building viii be one of the most
beautiful in Market street.
Al the corner of Grant avenue and
. Farrell street is the lot owned by
the san Francisco savings union. which
u is thought viii not much longer de-
lay the construction OF its new home.
Nhen both these buildings are erected
Market street between Third and
Fourth viii be well supplied with
banks. There is the National Bank of
the Pacific in the Claus Spreckels build
ing. opposite IS the Mutual savings
hank on the same side of the street
viii be the Union trust bank and the
san Francisco savings union. while
across fhe street IS the Humboldt bank.
with fne hank building at the cor
rer Of Market street and Grant avenue
q tlAf .-tfik VIII tt pretty well UHiAl W,
though some surprise Is expressed that
the Onion trust bank people do not put
I'D big building on this valuable prop
erty- II is argued that the advertise
meut which the bank will get from
being in so important 3 location is the
motive for building and that the Union
trust people are following the example
OF the Hibernia bank. which it has
found paws them to be in a, modest
though handsome building Of their own.
The exact date has not been set when
The work of construction is to COM
mence. but there VIII be no long delay.
MANY BUILDINGS FINISHED
san francisco seems to have suddenly
emerged from an unfinished condition
into a finished one So many new build
ings have been completed and occupied
that the city looks as If it had been
established for many years instead OF
less than two. The downtown move
ment has begun steadily and all real
estate dealers report q large inquiry for
locations in the old quarter The army
headquarters are TO be moved into the
building al Market and Kearny streets
soon and the recruiting Office is TO be
established in the Realty building. Il
is said that three big corporations have
been making inquiries during the week
for locations IN Market street and the
proving is pointed out from the fact
that hardware company which had
store IN Market street between Kearny
and Montgomery has sublet the prem
iseS and taken lease in Market east
Of Second street. A lease is also re-
ported having been made recently by
an insurance company of three or four
noors in the building on the corner of
Market and Second streets. Maskey, ii
IS said. viii in a short time begin work
on his lot in Kearny street. and il is
his Intention TO put up either a four
or Eve story building.
Rapid work is being done on the new
" hite House, Sutter and Grant avenue,
and the steel will be in place In the
course OF few days. One year is
given for the completion of the build
ing. but the rate with which the work
IS being done makes il appear that the
building viii be finished long before
Il months elapse.
SOUTH OF MARKET STREET
Some good leases have been made in
Second street during the week, and as
evidence that business firms are coming
back from Oakland may be mentioned
the case of a large rubber concern
which has taken a 10 year lease of the
building at the southwest corner of
Mission and Second streets at a total
rental Of $4,000. A prominent cleo
tric concern has taken lease of the
building at the corner of Second and
Minna streets and other firms are ne
gotiatsng for locations along this
thoroughfare. The fact that the street
IS practically built up and the sidewalk
clear has proved a strong attraction
IN settling up the street.
Work on the group OF buildings
owned by the Charles F. Crocker es-
tate, southeast corner OF First and Mis-
sion streets, is being rushed TO COM
pletion-
Baldwin & Howell report a lease just
closed OF the building at the south
east corner of First and Mission streets,
i've stories and basement to Neustadter
Bros. for 10 years. terms private
OF the additional buildings on the
same property, that fronting Fremont
street comprising FIVE floors and base-