New-York tribune., 1908-01-12

large sums on bond and mortgage and for building
purposes. Owing TO the Improvement in the finan-
cial situation many Bronx builders have recently
perfected their plans for next spring, and large
number Of the leading Brooklyn builders will like
ly get their spring projects completed in the near
future.
The tunnel between Brooklyn and Manhattan
which was opened last week. will undoubtedly re
suit in one of the most stupendous building move
ments ever known in Brooklyn. Realty signs in
dicate that il will equal in vigor and in importance
the Manhattan and The Bronx construction move
nent which began about the time Of the opening
of the subway and which continued until late last
spring Manhattan and Bronx investors have
realized for some months that the city needs many
small tenement houses and great many one and
two family houses. These needs are urgent
Proof of this fact is 10 be found in the quick
ket for dwelling houses and small tenement houses
Scores of Brooklyn and Bronx builders have sold
this season many houses from the plans. In the
central sections of The Bronx small tenement
houses and and two family houses cannot be
proftably built: but in the newer speculative and
investment districts of Brooklyn such structures
can not only be profitably built but put up less
cost and just well in the upper districts of
The Bronx.
The Real Estate Record and Guide" says in
it's last issue in article about the Brooklyn
real estate situation in part follows:
Brooklyn can with reason expect a new era
growth from the opening Of the Battery tunnel
the benefit has been largely anticipated during the
years that the construction work going
The continuous one-fare transit in actual
operation from the office district of Manhattan to
high class residential district heretofore access
lele only al the cost OF much personal discomfort
through the bridge crush IS certain TO start
emigration. The expansion which Brooklyn
i4s haO in the last three four years. in part
anticipatory of this subway extension and
n part attributable 10 general prosperity and
natural growth. has been principally in the sub
urban wards not directly TO be served by this
subway. The Heights and the sections the
stations on the way 10 the terminal at At Atlantic
avenue have been long settled and quite un-
changed Of late years IL their external appear
ance and probably would have the rise
fE y.ai estate values If the tunnel had not been
building. These the districts which will OBJ
tain the largest immediate results from this the
first real consolidation since the enabling act for
greater New York. Great numbers Of persons
already living in Brooklyn Will desire to live on
the line Of the new subway, they viii no longer
have the bridge: and there Will be many
Going business in our financial district 10 whom
residence In the Heights section OF Brooklyn Will
be convenient and desirable under the new
circumstances than their present places of abode
fhis borough No denial can be entered to this,
any than to the fact that there a very
large emigration 10 Brooklyn after the opening Of
the Brooklyn Bridge. in 1888. Ia this connection
Brokers IN issuing a call all civic societies
the North Side "oenounce the Utilities Com
missions neglect Of The BRONX taken
highly significant OF the apprehensiOns entertained
il that quarter, though IL may be. in view of the
recommendation made last week by the commits
sion for an East Side subway that the intentions
Of the body have not been understood. At any
of public utilities and The Bronx Is justified I'm
.aE-a1F ale al