Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-18

street. the Vermont building. the Union
depot and the u. C. NJ. 1. addition on
South Temple street have thrown great
weight Into the scales. With this ac-
tivity on upper Main street and South
Temple street. all kinds of business is
finding sites. a dozen two and three
story buildings have been erected on
west South Temple street. Richards
street has filled up with business.
WEST TEMPLE ACTIVITY.
West Temple street has seen stirring
activity In the last year Three large
warehouses have been erected between
First and Second South streets. one
hotel with business on the ground floor
and another four-story hotel In the
course OF construction. The general
Offices of the Utah Light e Railway
company have brought business on to
the street since the company purchased
TIE ole Tribune building and a great
rYturs is predicted for the street by
real estate men.
RECORD REALTY DEAL.
State street is experiencing consider
able activity at the present time. The
.luerbach estate has purchased the
Knutsford hotel. the Halls hotel dag
onally across the street from it. owns
the Brooks arcade, bought property on
. Third South street vest of the Halls
hotel corner and on State street be-
xween Third and Fourth South streets
at a cost of 81. 900 600 In these two
blocks the Auerbachs have leased con-
siderable property for a long term of
years The intention is to cut these
two blocks In two with streets and
eXpend 600 in buildings.
The wholesale district has come into
its own in Salt Lake City. Like In
every other city. the wholesale district
is found between the arteries of trans
portation and the retail business dis
trict. There is now a big rush for
trackagc property between Fifth West
and Third West streets. In the last
year half a dozen new warehouses have
been completed and spur tracks run
into the property. The Salt Lake Hard
ware company'S warehouse is the larg-
est that has been completed. Ten
commission houses have been built be-
tween First and Second West streets
and Second and Third South streets. All
OF these have been leased and this gives
Salt Lake a well defined commission
house district. Values have Increased
greatly in this district but like In the
business district investments are be-
ing made on a sound basis and not on |
speculation.
APARTMENT HOUSES.
In the residence district there arc two !
conspicuous features-apartmen houses |
and subdivisions. Seven or eight years |
ago the first apartment house was /
built in Salt Lake, The Coyey Flats
on west Third South street were among
tho first to be erected. Apartment
houses were frowned at and il was
doubted If Salt Lake would support
them. The Covey Flats were filled i'm
mcdiately and have been ever since.
When the Bransford apartments were
built little later. there was a feeling
that the building OF apartments had
been ovcrdone The building has proved
TO be first class investment
Since that time apartments and flats
have sprung UP like mushrooms all
over the close residence district They
arc all filled and more are being
planned and constructed. There are
now Sc apartment houses in Salt Lake
completed and under construction, and
the demand for apartments is still good
The building OF apartment houses in
tho close residence district has sent
property values soaring. Property