The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-17
ORDER is GIVEN TO
START WORK MONDAY
ON PALATIAL HOTEL
continued from Page

D-r-hot,sa power plaht ee,.,,,s1
resr of the Newhouse ouliUil sts,oss Main
viii be bored diagOnShs - the hotel,
$500 nom the power house - Te.t and
stI d III, iso fnnne viii carry the neat anu
power TO the hotel .,ssr,i eonsumma-
ton Of the financing 5si5 last evening;
- ISol,,fe ass1lranee OF the l5ilillS ~ "a
construction of the hotei t' Sdi me /
given. until after the bsd confidence in
fhe successful financing OF lHS T. tilis
but the certainty of sGcessS 49,, 20 come
Afternoon when the cheeks go = e-ernents
in Tho enDuletion OF the ar So ~
- - ;r-7f1s,liate construction OF u ~, IL
tel I believe is one OF the gressS9'
ever ACCOMPLISHED for SAT- Lar 49,, ..or-
Nov that We are ASST '-a S-Iij bend our
e7erg{es to make the building 0us ~
very finest in the country. i, uS - 4, =
plans for the hotel viii be iol4OH ~ he
S1-,ss,o-isI cl3s,gss in the details II bas
not been definitely decided wnelhsf =, -
the hotel viii be eleven or tII ,- iii he
in height. but | rather mum mn Er,-obsbir b.
thirteen The floor plans VIII psooa -.,,;,,95
altered. to what extent viii pc gsiseIi iiiii-U
during the progress Of the ouHui rs, the
81 am very happy TO annOuIicS &c, an
GROUND for the hotel will be ofoheH 'ii
Monday"
Vast Project of Newhouse.
Tho hotel DTOlet - UAtA VI -
big deals. conceived and consum.natItu; 49,. -
Mr. Newhouse during the past III , -
months. II was about that fohs - 81
Mr.. Newhouse first decided 70 $500 ~. 80, -
caDital to other investments thah iillili,'s,,
and to add to his operations rear $50,
purchases and magnificent imptot ellie ~. -
His Judgment was that the business CSl'
ter of Salt Lake was moving soutt3Es. 80
TO the vicinity of the federal building
Acting on this judgment, ne secureu
large amount of property and concelf.eu
the idea Of building a NeWhouse sect,oii
of such magnitude that the BUSINESS JIG
trict must Of necessity come TO that POI =
ton of the city. His first purchases Were
on South Main street. directly opposite the
postoffice He purchased a strip OF prop
erty entirely through the block TO state
street and another piece of property run
ming at right angles TO this properly
through to Fourth South street. Another
purchase was the corner on the west SID
of Main street. on Postoffics place. ana
another was the hotel site at the south
west corner of the intersection OF Fourth
South and Main streets.
Through his property from Main TO
State streets. Nj. NewhOuse cut an ave
nue., to be known as Exchange place, ana
from Fourth South to Exchange place a
street known as Cactus street. These
he has presented to the city Of Salt Lake.
His first big buildings were the twin
skyscrapers. the Newhouse and Boston
buildings. at either corner Of Exchange
place and Main street. Each Of these
buildings is eleven stories high and each
is near completion. the NeWhOuse build
ing being already partially occupied.
To the Commercial club Mr.. NewhOuse
has given a building lot on the corner OF
Exchange place and Cactus street. On
this site the club is now building a beau
tiful six-story club house. to Be occupied
exclusively by the club. Opposite this
building. the Mining Exchange building
which will be the future mining stock
market Of the west. is under construction.
On either side of his two new streets.
Mr.. NeWhOuse is planning the cOnstruC-
ton of imposing office and store build
ings.
Mr.. NewhOuses real estate and building
/ activity is not confined TO business prop
erty. On the foothills to the east of the
city he has purchased large tract of
residence property TO be known as New
house park. This property will be parked
and subdivided and sold as an exclusive
I residence district. On this property Mr.
Newhouse will erect beautiful new res
idenCe for himself