The San Francisco call., 1909-11-27
OWNERS REALIZE
VALUE OF REALTY
improvements in Area Bounded
by California, Montgomery,
Vallejo, and Water Front


next three years in the Improvement
Of realty in the region bounded by
California street on the south. Mont
somery street on the west. the water
front on the east and Vallejo street on
on the north. Into that area money is
already being spent in 4 way that sur
prises even the holders OF improved
realty. Structures that run with large
frontage on one street all the way
through TO a frontage on the street next
north or south are in the process OF
ureation. Plans are prepared involving
hundreds OF thousands Of dollars. ac-
cording to architects. for large build
ings to be placed on corners
IN the wedge shaped area of land
which is described by the boundaries
Just mentioned particular advantages
for commercial purposes are conoen-
trated. Never in the life of those Of
the present generation has this part of
the city ever been favored for homes.
The future VIII not change its charac-
ter from that Of an almost exclusively
business district.
In this description reference is made
only 10 that part of Montgomery street
which is comparatively level Beyond
tho point where Montgomery street
rises in a steep grade Sansome street
serves as the eastern side of the wedge.
The curvature of the water front from
East street toward the west makes the
sharp angle necessary TO describe the
wedge form. Along the water front
runs the belt railway, which, more than
frae~ ~fr4.f~ ~
10 the water and the level streets per-
hitting teaming, has contributed to
business development
with the certainty of the near at
hand expenditure Of millions of dollars
for mprovements-and the estimate at
the beginning Of this article is liable
10 be too small rather than too great
The district naturally is attracting keen
scrutiny Of owners OF realty, Of brokers
in realty and the seekers Of sites for
manufactures. for great warehouses,
FOR wholesale or retail business, Tor
agencies of manufactures carrying
large stocks of goods and the like.
NOT WITH EASY MONEY
The period Of easy money. that is.
the money that was derived from insur-
auce companies TO an extent largely
more than S2o0, 100000, and nearer
$500. 100000, has finally ended. San
Francisco is through the first stage Of
reha bilitation, which was facilitated,
and. indeed made possible by the funds
supplied by the underwriters, and is
now reconstrueting on its own resources
or upon borrowed money. which large
concerns, with consideration for the
future and an appreciation of the bust
ness certainties of the future, are sup
plying In other words. the real test
of San Francisco's enterprise in recov-
ering from the great disaster in this
district is in hand.
In the district north of California
street east of Montgomery street and
between these two streets and the
curved line of the bay there are many
temporary buildings that have been
doomed TO destruction or removal by
the supervisors within a specified time.
Notices have been served right and
left upon the owners OF properties that
carry only temporary construction, and
on az sides acquiescence in the decree
of the supervisors is shown by plans
for immediate Improvement
SUPERIOR NEW BUILDINGS
The remark has been made so often
that il has become trite TO the effect
erected in this section of the city they
are so superior on the whole to those
Of the older time that the infrequent
visitor 70 the region would hardly rec
ognize it. This marked Improvement.
which is wholly changing the district,
viii be even more marked in the next
three years. There are more temporary
structures on the ragged and unseemly
western line of East street, in cases
where only wooden construction has
been provided 10 date, than IL all the
rest OF the district. but there are
many others of similar sort that are
under the ban OF condemnation.
region Immediately adjacent to rhe belt
RAILROAD under the new order of things.
That section was segregated for de-
scription from the other streets solely
for the reason that ii alone required as
much space as ordinarily can be allot-
ted to any single article; but all the
streets east of Montgomery street and
north OF California are naturally al
lied and each one adds TO the import
ance and availability of all the others.
They are a commercial connection of
streets. every one of which is near
enough TO the water front, the most
prominent source OF San Francisco $
enduring prosperity. TO feel the inn
pulses Of rapidly growing commerce
when the period of really rapid growth
arrives. more than any other part OF
San Francisco. with the exception pos
sibiy of Market. Howard and Mission
and some other streets Immediately
adjacent to the water front along the
southeastern line OF the city.
AN INTERESTING CHAPTER
Considering these circumstances a
description of existing conditions in the
area under immediate consideration,
constitutes one of the most interest
ing chapters that the city affords from
2 realty point of view. The heart of
the district is in the neighborhood of
the custom house. and the appraisers
building, the latter at the northeast
corner OF Washington and Sansome
streets The location of these two
great structures secures the close proS-
Unity Of consular and brokers offices,
Of warehouses Of high cost, Of manu-
featuring establishments that use ma
teriais OF which a considerable proper
ton is imported from foreign countries
and in many lines of business which are
more or less related to shipping and to
various enterprises connected with the
oriental trade.
Among the manufacturing establish
Tnents naturally are associated those
that are engaged in producing articles
that are exported by sea, and also some
that are fed by the interior counties
Of California, the products OF which
are moved 10 industrial plants in this
city by means OF the Lombard street
ferry and the belt railroad.