New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-09-13

ssrsnps rroiected for the older business sections.
Many of the larger commercial houses, with offices
scattered throughout the city few years ago. Will
now be found with all their various departments
GROUPED together under roof. The Offices which
they vacated for the newer structures have been
ssken hy smaller concerns which are expanding
Snd which likely to one day occupy high
pIsce In the industrial world.
The chief work Of the great leaders of the real
sstate market is TO create better housing for the
vast uuititudes who live desire to live in this
CITY shape the business centres SO that there
will not cnly be sufficient space for mercantile
tou.es but also suitable accommodations for the
carrying of their business under the best con:
s6itone The most successful real estate operators
and developers are persons who can toresee the
4rend Of residential and business growth and whose
knowledge OF transit and other matters affecting
sxhe upoulding Of the city is thorough The realty
headers pave the way, TO use trite expression
Aend the public follow in their steps. Naturally one
of the principal demands Of the public is for better
sebousdns The poorly constructed apartment house
tsnsy be q fairly good paying investment the first
Irvesr but after that it becomes most hazardous
iFisk 10 the most experienced in realty walks Ihe
fld typs of Office structures probably satlshed the
4enants who occupied them, but the business men
sof the present demand greater light and air ana
sr.rfeot sanitary surroundings. They are well able
10 paw the extra cost of working under such i'm
E0roved conditions
Not only has the city grown larger in its residen-
lsasI and business centres IN q remarkable manner
r., TIE last ten or fifteen years but the art OF con-
Ex4r,cttns has vastly improved. In fact the upward
strides IN the construction 1eds have been big
Issntor the enlargement Of the various zones OF
Che greater city. twenty-story office building
"a, h. erected now in three more months.
isrhercas It took in most over year 10 tear
down 81 old building and replace il with a sky
iecraper which only lowered ten OF twelve stores
ssSot only has time been saved in the work OF re-
k.rsnsforrnfng great of land but the cost OF
ro,etrution work Notwithstanding that much
roafS
3,1Iflsins material is costlier, has been greatly
f,essened For that reason the twenty-story oulo-
tng or the skyscraper Of record height is more
.,-o1tahe investment than the old type buiiolnS OF
ten or twelve stories, covering an equal area Oh
rror,nd Some experts construction work holo
contrary views on this important subject Ihere
are hundreds OF great skyscrapers erected IN 'he
last ten years which not for sale ana are not
l;telv 70 be in the market for years II they
were not profitable investments there "oulo uii-
eoubtedIy many such structures LOT SAFE
AS REGARDS NEW sKYSCRAPERs-
The older business zones Of the city may De
slightly overbuilt ard may not be the scenes OF
.-r.s+ activity for over a year, but according 10
the heads of big construction companies me oe
rraand will in about year be equal 10 tle supply
And when the supply is less than the demand there
&c lfkelv TO be large OF money aVaiable TOT
-x-.ne ont the enlargement OF the zones on
more profitable basis than at the present tine
when the real market is recovering from tne
great burden of maximum interest rates ior oullo-
sne ana mortgage loans realty legacy from the
last financial disturbance
Tbsre are some business zones south Of 5sth st.
sn which many big investors and operators have
heer busy as buyers and not as developers in the
Vast few years One Of those districts is the zone
known the Pennsylvania tunnel. OF "hlch $50
:, and 9TH ave forms the centre II is that dis
,rs,- which is likely 70 be the principal scene Of
activity this fall and early next spring. The work
- rebuilding there has only just begun and the