New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-12
FIFTH AVE. SITES IN DEMAND
4zRGE NUMBER OF INVESTORS SEEKING CENTRALLY
LOCATED PROPERTIES
1se Trading the Upper Residential Zoues-Buding Ope
atoms IN the Dyckman District

'-e PROJECT Tor the widening Of Fifth avenue by
He 'elnoVaI OF stoops and street vaults TO conform
10 me orders Of the city. Mr. Levy decided To ac-
- '4e Dio OF $4,000 Thus he will be rid of the
'3sA o. heiping TO carry out the changes in that
PAT OF me avenue as planned by the bureau OF
highways. The proposed alterations to the build
ing via not represent very large outlay Of money
OUT IL may mean considerable work and time for
tle owner There Is not the slightest doubt that
the improved business conditions would be con-
slderaoy more reflected this high class shopping
district by many other transactions il the Fifth
avenue widening project thing of the past.
Inc central Fifth section is without ques-
ton one OF the busiest thoroUghfares OF its kind
Jils country, il in the world and an undertake
ms Of magnitude and Importance to relieve traffic
congestion there is child's task. There are
interests to conserve, ana the tearing up OF the
streets in any old style might seriously affect
the volume Of retail trading carried there dur
ing the work Of making the proposed changes.
The plans for widening the under the
supervision CT George ". Tnotsoa. chief engineer
CT the bureau Of highways and he has assured
the property owners in the section that he will
DO everything possible TO have the proposed
changes made go as 20 inconvenience retail shop
owners as little as possible. At meeting at the
Holland House last Monday Nr. TIlotson made
public in detail how ne would try to accomplish
his aim He showed that he had planned 70 have
the work done in piecemeal. in other words,
about hale block at a time, and by working
along these lines he thought there would at no
time he any great interference with the rights Of
pedestrians in the thoroyghfare
Of course. the cost OF doing this work viii have
70 be met by property owners, because OF the fact
that their stoop lines and building vaults encroach
upon city property and are in large measure
responsible fo- part Of the congestion existing
il the thoroUghfare. Some property owners still
hold 10 the opinion that the city has 10 legal
right 10 place such cost upon them or to move
encroa chnlents which have continued q long
period Of years. In fact, some owners have as
sun7ed & belgerent attitude. and have practically
notified the city authorities that they viii not join
in this movement TO bring about the proposed
changes as quickly possible and without any
great fricticn between the property owners and
the city officials. They likely To change their
attitude On this matter about the time the city
gives them formal orders to enter into the work
Of expending the task Of helping along the project
If they do not decide to have the work done by
private contractors, under the supervision of the
bureau Of highways, that city department has the
power 10 have the work done by contractors hired
by the city. and the cost of the work VIII become
a lien the property
There were many rumors in the week Of the