New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-11-01

A GOOD BUILDING RECORD
There may be dull sections Of the city TO ollo-
ers and other persons identified with the real es-
tate market, but the midtown zone certainly GOES
not show that it declined either in attractive
ness or realty vgor. All things considered the
activity in the midtown zones this year compares
favora bly, with that In which the realty conoluohs
were more favorable for large building proJectS
This year the real estate market has emerged from
2 long period in which it was chiefly busy III
s+renrrhening the weak places For some months
succeeding the financial depression the realty
market experienced considerable difficulty In Cd
tanning satisfactory loans for in most OF the great
moneyed channels of the city high premiums were
paid for the use of money for short terms Nhen-
ever there are unfavorab1e money channels for the
realty market there is usually Widespread lessen
ing OF building operations, and that is ofttlnes
followed by the hasty departure OF scores or DIG
operators and investors from the realty field for
the time being It is true that the financial dis
t,rbarces Of 1917 checked for short period realty
progress. but the activity of builders and invest
ors now clearly indicates that the market has in
q large measure recovered from the setback II then
received. and is formulating plans for continue
ton Of its great work OF housing the thousands OF
persons who yearly to this city to make
their homes here. in finding more modern buildings
for the rapidly charging retail and wholesale con-
Germs and IN creation Of greater theatrical and
many other centres
REALTY STABILITY THOROUGHLY TESTED
estate market of the city has been thoroughly
tested in the last twelve months and in that time
the number OF persons who have been overtaken
by failure in the realty field could be QUICKLY
counted. whereas in many other business spheres
the failures have been many. Most OF the firms
and individuals who encountered disaster in the
realty market were responsible for their own down
fall of them operated on large scale with
too little money. II expected by some shrewd
realty leaders that at least score of high class
find heir Uay
market as result OF the financial disturbance of
1907. If many such properties were sacrificed, the
details of many sacrifices Of this type have not
been made public. 1t is the consensus OF opinion
in realty circles that the majority properties which
changed hands in the trying days in the market in
the last twelve months not A No invest
uents Values throughout the majority OF districts
to-day, especially in the midtown zones are much
greater than they were just before the memorable
days OF October 1907, and thus values have risen
instead OF decreased in spite of all the obstacles
which realty have had to surnount to prove
the stability OF the foundations on which rest the
great realty market Of this city.
FUTURE OF CENTRAL SECTIONS BRIGHT.
The building activity throughout the midtown
zone plainly shows how bright is the future Of
that region fact. the realty records do not
veal over one-half OF the business which has been
transacted there since the fall OF 1907 An idea Of
| how busy builders and building syndicates are in
the region may be had from the building plans filed
projects have been carried out there, and large
number of plans o. similar magnitude Yet to
| be brought 10 q successful conclusion
In 18th street two large loft and Office buildings
are being built One is being erected on the PREM
| ises No Sc West 18th street, which has q front
ege OF p feet and depth of sS9 feet 1t is being
/ built by Edward 2 Caldwell from plans by Nc
| Kim, Mead & White It will cost $1,000 On the
| premises Nos Is and Il West 18th street twelve
story lott building cost S20000 is being built by
H.
Schwartz & Gross architects. The size of the plot
| is 50xs2 feet
MANY LOFT STRUCTURES PLANNED
| Plans were fled some months ago for a s225 600
loft building occupy the premises Nc. III to Us
West 18th street by the Domestic Realty Company,
| The plans were drawn by Dtr1ars & Bright The
| Washington Arch Realty Company filed plans for a
$4,000 loft building for the premises Nos 1S8 and
10 West 18th street The plot has frontage of
| 1E22x85 fest. The plans were drawn by Sonaerfeld
| & Stecker.
Another nth street project for which plans were
filed months provided for the erection Of
| sixteen story loft building the parcel Nc.
2 East 18th street. for Clarence Wadsworth from
| plans by Hoppin & Koen. & cost of 100000,
Between 18th and I'D streets there has been little
building activity this year. In 23d street the prin
? cpal construction work is the Office and store
| building being put up the site of the old Fifth
| Avenue Hotel, which occupied the westerly block
front in Broadway between I'D and 24th streets.
The plan for that structure fled last year and
therefore this plan included in the operations
perfected this year It viii represent an invest
ment Of about IS eo,GrO.
BUILDING IN EAST PATH STREET.
In Path street the plans recorded this year pro
| vide for one seven story brick hotel and for one
eleven story brick and stone loft building The
seven story hotel Is being built the premises
No 125 East oath street, 22xSo feet. at cost of
$500. for Mrs. George Oddie from plans by
/ -ah hn 81 SD hlJiJd
is being put up Nos. 49 and 81 West oath street
45xS310 feet Edmund Coffin is the owner OF the
site, and Hill & Stout the architects Of the
! building. They placed the cost at $4,000.
! Other projects for which plans were filed for tbs
improving OF the midtown sites this year were as
| follows:
twelve story brick sore studio building for tn.
s595o69 BY the 1ss West 57 - copany al fh piaPs
| were orawn by Pollard & stenam
.s pTenises Nos PIC and III West zeth ST. 2s fee
by Townsend sten ME t Easkea ors..
84ta St and Madison ave % 1885 feet at cost oi
$4,000 Tor Margaret S. e Cameron. from plans b.
sp sf h Bqssss x a s5 5R .Se sa
5000 Properly S41- Eoldins
9F store and oft Dpis siR on "a FL: 90
q IN ave. at cost q 5000 for L & 4 PinsDs
seven story dwelling garage for the premises
o, t 34S East SD ST. on pi9t 50TSlt feet az cost
Isl ave x1Oo feet a. Of $4,000 for the Oriental
Van and Express from plans by George Lutz
twelve story loft and Office building for the PREMISE
10. Of $4,000,
Livingston Construction Company. from pia rs
! by Neville < PagSe.
six stable and carriage hoUse 20 occupy pot
s. 6x9S feet norherlv side 9th ST. 25 feet
| West eth 500, 600, D. Dryer
! from plans by John g Watson
story loft building, the premises
No. 563 Sd % 6x5o feet cost Of $4,000. fol
Mar A E. Wendell from plans by J B 6nookss Sons
No 55 si sS q 5000 5es for TiHs Fs.
/ naond plans by Charles r Berge.
six stor. and loft building. for the premises