New-York tribune., 1909-11-05
BIG HOTEL PLANNED
WILL BE BUTT By SPECUL4TORS IN nth
STREET NEAR BRO4DWAY.
Vest eth Street.

Realty trading yesterday was almost en-
sireiy within the districts which have been
noted for activity this year. That there ls
q good demand Cor more loft structures IN
central localities. for more apartment
houses OF the best type in the northwest
sections and for apartment hotels near the
Times Square section was indicated by the
volume OF business done. Such building
operations help largely 20 strengthen the
foundations on which rests stability Of
values
In the last few weeks there have been
many sisns or a reaN akening Of interest in
the great Fifth avenue retail shopping cen
ire among investors. II was this section
which yesterday furnished the most impor-
tsnt item OF realty news. The cruikshank
Company leased 20 W. & J. Sloane for a
long term Of years the northerly half of
the Windsor Arcade property. on the east
siee of FIFTH avenue. from seth 10 9th
street The lessees viii erect on the site
building exclusively for their own oocu-
psncy.
Opposite the Hotel Flanders. in West
s7th street. I. d ~ Pincus are going 20
erect a twelve story apartment hotel The
proposed building VIII occupy the premises
Nos LIS ana lS0. S7.6xl00s feet They
bought the property yesterday from the
COdington estate through the II NJ Wen
Company Rn6 Finney & Matthews.
In the upper districts one OF the leading
transactions was a resale % six lots on
the north side Of s9th street, $50 feet east
OF Riverside Drive. 10 Jacob Axelrod, who
win improve the site with two eight story
apartment haUses. The plot Is part OF the
Furniss estate block front recently bought
by BENJAMIN Mordeoai. Goodwin r. Davis
other important transaction IN this zone
was the sale by SlaWson & Hobbs Cor
Paterno Brothers OF the Westerflelo a new
ten story apartment house, no. SIC West
al6th street. on q plot 5oxl00u feet, 70
Mrs. Madeline L. Ottmann. Three similar
high class houses built by Paterno Brothers
on the south side OF u6th street were re-
gently sold by the same brokers 20 mem
bers OF the Ortmann family.
In the midtown loft district several fine
parcels changed hands. N g. /. Hess sold
tbs premises Nos. Us ana 10 West 27tn
street. 87.ex9ss feet, 20 the Realty Holding
Company. and no. lls West 27th street, 20x
nSs feet 70 Otto Wagner
Plans have been fled for a new twelve
ttory Office building with ground hCor
stores. 20 be built from designs by Clinton
a. Russell. architects. on the plot owned
by the Reformed Protestant Dutch Church
st No Is 20 lSS William street, replacing
several old New York business houses.
The building Is 20 be OF brick and line
stone, with terra Gotta trimmings, having
q frontage of 1904 feet and g depth ot s5-ita
feet. and win cost $685. 900. il is bUnt for
the Collegiate Realty Company. holder %
a long term lease from the Church officers.
Plans have also been filed for two twelve
story a. arITnent houses 20 be built on Ca
thedrdl Parkway, 100 feet west of Amster-
dam avenue. for the Carlyle Realty Com
pany. and for two six story apartments on
s67th street. east Of Broadway. for the 1E.th
Street Realty Company, both pairs of
buildings being from designs by Schwartz
& Gross. Architects, md costing t809. 600
and Sl6o050, respectively.
Plans have also been 1le5 for charging
the han OF the Automatic Vaudeville 81
Nos. IL Gni sc East l4th street which
was originally THESIS AlEio IIar. by
adding q rear extension t5ia feet deep TO
be fitted as G stage extension ana dressing
rooms. the Improvements being made for
s schinasi, as owner, from designs by s.
e. Sugar, at q cost Of t5o.o0O