New-York tribune., 1909-07-08
BIG LOFT PROJECT
cost WILL BE $500 '000'
c.-,,,tyre to Front about @'5 f'e'
in Wcst eth Street.
e.,,o-,sss formed the larger pa

.,--.z.s formed the larger part
pssls sfe Today in the real estate mo-
g TIE "o. ye-a more prominent ll' -,
ket bD',..+ Conditions are expected 10
where - -. near future than lH
pfo'.,,o., is not so faNoIa''7- - ,.,,,cb
Ire -,etr,1ction work, the '''o' -,
Kew oo'-7'. o1f, YESTERDAY by the films "i pans,
va that the summer Ssa9e., ,,,,s
incca'eo -. # many big building concerns
ihe a''i'--. ,f- and store building j. TO be erect
twelve - r,- clinton and Russell aFchile''S'
&c froi" -, corner Of Broadway and +th street
a. ue =. of brick finished with Jlrl'll"SS ol
i i nd limestone. with tall piias'erS an"
E-sns s.sr,eptsl cornce. Il viii front So Iee' On
sIs' ard g-57 feet in the street Inc o"Hei
B'o'.se se1 B-oadway Company, Of when george L.
IL i nresident The cost of me 'u'i''"S VIII
be aa6N ..-..-.,,-,,- t4onr,- Smith.
AZ : z-f5ete fled plans for a shelter house
lheo'-e-. ami children in the new Chelsea Park.
10 y trocE from Ninth To Tenth avenue. 18th TO
o. %, .-ss- II IS 10 be l62 feet long and q feet
g. -. n granite ashar. Il viii be erected south
:. pr,ric School s. which IS the only building in
ark At present The shelter is the first Of the
,,,r-ovemeuts for the park Il NJ" nave a co'h-
s,-- station in the basement
=, vrVicksr-C5aIIlsrd Realty Company sold for
,.t- :. scbeier HIS lease of the seven i've story
,.r5,1s Al the northeast corner Of seventh ave-
-. and 5st street. comprising a plot Of about
- vr Scheier took a long lease of this prop
- sbort two years ago through the same brokers.
- fer extensive alterations 10 the buildings
..ns MS lease at a substantial figure.
? Wood & Co sold for Jgdson Lawson No.
,n FIFTH avenue. southwest corner Of l26th street,
.,r- story dwelling house on a LOT 2oxS feet
! Greenberge- and Froehlich & Rosenblatt
,,15 tr- Isaac Roth No so Madison avenue. a six
,,-r sathouse. on a lot 25x10o feet. Also sold for
s.rgsl c Baum Nos 4oa'. 4n12 and 4oo4 Third ave
ne th-ee four story double farhouses. on a plot
7srg9fest.
William Il ChesebrouEh. vice-presdent OF the
rr-s5 States Realty and Improvement Company.
s5 Yesterday -n regard To the building situation:
Building figures 10 this city. Tor the period from
Tsrus-g 10 june !. show activity iu this field
which IS far ahead of the same period Of last
year and which En- fact has not been. eQGalled I'm
ss.s-al years. Plans which have been filed I'm the
t-ldng departments Of Manhattan. The Bronx
snG Brooklyn show total Of .644 projected build
isg 20 cost Sls= fl4 s6s, against 2.-45 plans OF
projected buildings rerreseutinE an investment of
yEUa7@ fer rhe same period IN 1908 This shows
sn increase in The number of buildings projected
Of ever g per cent and an increase in cost Of
over q per cent Considering the total number
Z permits granted. the Borough of Brooklyn leads
rfth lss. the Borough Of The Bronx is second
18th Isl Nhile The Borough OF Manhattan shows
total Of -, falling behITd in the number Of per
Llas but exceeding The combined cost Of the other
tao BY &2s.25e6-
In the congested districts of the Borough Of
Manhattan whore ground space is Al premium.
tie buildings are naturally constructed skyward.
Vaich condition much less noticeable in the other
,ro borOughs This is also an important contribut-
ns cause 10 the big increase in cost Of construc-
ton Tie majority Of new buildings in Brooklyn
and The Bronx are tenement and dwelling houses,
snd are usually built a. the lowest possible cost.
The number OF large buildings. by which IL
mani those Of ten stories or over. is confined ex-
GasiFeiy TO Manhattan. with the exception Of
sagie instance in BROOKLYN which is barely within
LIE limit The total number Is seventy-one and
teE value is estimated At sl3.J95,oo. as against
tEsHiy-are large buildings At q cost OF 5l&22'""}
uectsj in abe first five months OF 1905