The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-01
REALTY MARKET
IS LOOKING UP
Sales Arc Slightly Affected,
However, by Interest in
the Election.
WORK BEING PUSHED
IN ALL DIRECTIONS
Generally Speaking, Conditions
as Good as Could Be
Expected.

ACCoTQfDg 70 real eSldIc lueu, luos'
OF the effect on the market caused by
the excitement Of the presidential cam
paign has been shown in the slight
diminution OF activity on the part OF
certain commission men. The builders
and those who have large interests in
different sections OF the city report
progress unaffected by any transient
matters that may occur. .....,..
The organization of a real estate
company with capital of $500.000 for
the purchase and exploitation of bust
ness property in this city. was reported
Saturday, showing that large undertak-
ines are under consideration and that
ne wondedui progress that has been
started in building and in the develop
ment OF the business section OF the city
is not only to be continued, but to be
undertaken in a still larger manner.
Work on Federal Heights is being
carried forward az a rapid rate, aud
during the past week more than $4,000
worth of building lots was sold. E.
o. Lee and Mr.. Ho-seley OF this city
and will proceed as rapidly as possible
with the erection of handsome resi-
dences. Mai Cooper Anderson also
purchased number of lots for invest.
mcut purposes. The great system of
improvement which has been undertak.
sn in this section is now in a fairly
complete state, and the roads which
scheme, and with the nse of oil to pre-
vent the accumulation of dust, arc
practically finished. Already several
BUILDINGS have been COMPLETED here.
and within another year il is expected
that the place VIII be well occupied by
houses.
At Newhouse Park.
The bcautifving of Newhousc park
has also been progressing satisfactorily.
The plating or the entire southern
portion OF the tract has been completed
aud within short time il will be posi-.
hle to start the locatina of building
lots. The Utah Light aud Railway
company has already begun the laying
OF rails Tor the new line through tho
park. and by next spring service
through the pace to Fort Douglas VIII
ne conducted regularly.
The engineers are now working on
he northern part of the tract This
portion includes the reservoir. the svI-
van dell and many of the other beau.
1ltul features which will make this 10.
cabty one OF the most attractive resi-.
dence districts IN Salt Lake CITY. Tho
extensive system of improvements
which has been laid out here will take
2 long time TO carry out, and il is not
intended 10 complete the place all at
once. but improve the southeastern cor.
uer as soon as possible and gradually
extend the changes until the whole
tract has been brought under won.
deTfnl plan which has been laid out by
the landscape architects.
About the city generally real estate
dealers report great activity of all
kinds. Hoffman Bros. are building
three fourroom brick cottages on
Fourth East. between Ninth and Tenth
South. and two five,room brick cot
ages will also be started Immediately
N the same locality. This concern IS
also making arrangements 10 erect 100
new. houses in the southeastern aud
southwestern sections of the city. Du.
Iing the past six months there have
been constructed by this one firm aIone
fourteen new houses. on Ninth West.
near Seventh South, and on Fourth
East Many other deals are also pend.
ing, and the outlook is said TO be ex.
cellent.
Reports OF Sales.