Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-11-13
KNUTSFORD HOTEL
TO Be BIG STORE
Deal Declared to be on Which
Will See Great Transforma-
ton in State Street.
OTHER PROPERTY TO CHANGE
General Activity Designed TO shift
shopping Centers East and South
Thought TO be Planned.

The Knutsford hotel the old land
mark which has sheltered under it's roof
many noted men OF worldwide reputa-
ton. the one hostclry OF Salt Lake In
which every function which bore the
stamp OF that which is was held, is
tottering upon its foundations through
deal made yesterday by which II
passes into other hands. Within a
few years the historic structure Is 10
give up the ghost OF its former great
ness and be converted into business.
it is said, in which another John Wanna
maker, another Stewart. will hold rigid
relns over the cash girls.
An octopus in the form OF syndi-
cate with coffers Of gold behind II has
purchased the Knutsford property as
well az number OF others in tho
neighborhood OF State and Fourth
south. While definite information Is
lacking Il is generally assumed among
the real estate men that the improve
ments to the west that Of the Bosom
and Newhouse buildings, viii be con-
tinued In state street The disposi-
ton OF the hotel property Is under COW
er but from good sources the infor-
nation Is obtained that the old walls
will hold, when the balmy summer
breezes come. a department store Of
colossal design and d. tensions
The present lessee OF the Knutsford,
G. S. Holmes. has possession Tor two
years yet. but II Is thought that this
win he taken up by tho syndicate ana
the change made as soon as practica-
BILE Mr. Holmes would say nothing
in regard 20 this, but II Is evident that
a deal OF this character h on hand.
With the erection Of two new and mag
nihcent hotels In the city, the Knuts-
ford. would rapidly be nelegated 10 the
past And Il Is probable that Mr..
Holmes win seize the opportunity 10
retire gracefully from the arena which
he has occupied so long.
ACQUIRES OTHER PROPERTY.
From present indications It seems ~
| II the vicinity Third South and State.
viii la the near future become a prom
inont shopping district OF the city. The
same syndicate which has acquired tho
knutsford property has also. II Is said,
become the possessor OF the corner
| diagonally across the street, now 0ccu-
pied BY the Halls hotel From those
! 90 lts future has brought the response
| that there viii be- something doing In
/ the department store line also. The
men behind the financial guns have
! evidently entered into campaign
which tends 10 pull the shopping dis
trict OF the city further south ana
| east.
All through the past few months the
shadows on the Investment wall have
been leaning toward this district The
| Boston and the NeWhouse buildings. the
/ Newhousr hotel, the DAILY building the
| New Commercial club and the now
mining exchange, all have acted as
| l0dcat0nef in the matter of attracting
capita 90 this section of the city. In
ycstors ARE chary of the wcst-of- Main
street bargains and everything has been
going toward the rising sun. The con-
sequence has been thai an OF the big
deals which have been made aud which
are even nov under consideration. have
focused about this neighborhood
The improvement of State street has
| h-ttn sfadualA gathering force ln View
~ the fact that all 81 the property on
both sides Of south Main has been
gobbled up and IL held al prohibitivs
| prices, Not 90 50 too Ear south the In