Arizona republican., 1908-07-03
KORRICK BUYS MORE
 BUSINESS PROPERTY
He Now Has An Ample Site For His Proposed New Business Block.

Charles Korrick, proprietor of the New York store, yesterday bought what is known as the Yellowstone sa- loon property, of Mrs. Emma M. Pol hemus of Anaheim, Cal. The consid- eration was S15.0O0 and Mir. Korrick has been trying to buy the property for a long time. The price was rather a large one, considering that the lot is only twenty feet wide, but 1t is worth the money to MT. Korrick, whether it would be to anybody else or not. He owns the adjoining lot on the corner of First and Washington streets on which the store of Goldberg Brothers is situated and the two lots will give him a sixty foot frontage on Washington, just the right size for q large and commodious business block, that he intends to build.
 Even granting that the price is rather more than anybody else in town would give for the property at the present time, it would in a short time be worth that much to anybody. and the sale indicates the advancing value of business property. Three years ago when Mir Korrick bought the 40 foot corner lot adjoining he paid $25.000 for it and many critics told him he had paid entirely too much. It is unneces- sary to state that MT. Korrick has not tired of his bargain and would not thank anybody to take 1t off his hands at this time.
 Mrs. Polhemus was a former resi- dent of Phoenix and was represented in the transaction by J. J. Sweeney. MT Sweeney has been in correspond ence with her for some time and is now in Anaheim and will go from there to the gathering of Shriners in St. Paul, with a California excursion. Yesterday he closed up the deal and wired Mir. Korrick.
 Mir Korrick Is not only a leading merchant of the city but is one of the most optimistic business men of the town. He believes in the future of Phoenix as business center and in the coming greatness of the valley. It is not a new conviction with him for he has been shaping his affairs in conformity with that belief for several years. Though he regarded the Gold berg corner as a good speculation when he bought it three years ago. he did not buy 1t for that purpose. but planned then as he does now. to erect a fine building upon 1t for the pur- poses of the New York store. He pro- poses however to be deliberate in the matter and wait until everything is in readiness. Forty feet was scarcely large enough for the building the store will demand a few years hence and he has been waiting until he could secure the adjacent property. This he has had to buy subject to a two years lease held by the Yellowstone pro prietors. Anyhow there is no great hurry as he already has the largest floor space of any drygoods establish ment in the city. even though he is crowded for room. But about two years from now he proposes to begin the erection of a three story structure that will cover the entire lot to the alley. IL will be an up- date struc- ture and equipped with every modern device for the merchandising business, convenient store building and a credit to the city
 Mir. Korrick feels particularly for tunate in the location of the property. It is not only central but will remain so. no matter which direction the growth of the business part of the city extends.