The evening world. [volume] (New York, N.Y.) 1887-1931, 1909-02-27
BUILDERS WILL.
MAKE 1909 THEIR
BANNER YEAR
Outlay in Entire Metropolitan
District Is Estimated at
s3OO,o00,000.
1T MEANS LOW RENTS.
Conditions Favor Discounting
Several Years of Future
Requirements.
IT MEANS LOW RENTS.

Builders are planning to make 1909 the
leader OF high records.
Conditions Of all kinds favor huge
volume OF construction, according to
those who know. Money can be had IN
almost any quantity At low rates.
Prices Of structural steel have fallen
sharply. and those Of other materials
are expected to follow. Even labor to
some extent may become l..tlo
cheaper, although q boom "a building
would tend to hold up wages as a re.
suit OF widespread demand.
Above all. New York Is at the start OF
a new era in transit. and II Is eager to
readjust both its home centres and Its
business districts to the new situation.
There is need OF larger structures in
the old busy central localities, and the
great expanse Of cheap lands opened In
the suburbs by new rapid transit roads
offers an almost limitless field for small
home builders
$1o5,ooo.ooo Planned Already.
These facts are not alone In suggest.
ing great building activity for the com.
ing year. More than 315,0Oo,o0o OF work
has been projected already In Manhat-
tan and over $0,0OO.oo0 in the suburbs.
1t has been waiting for the most favor.
able time. The trend Of development
seems to Indicate, according to the best
judges, that the proper time Is near at
hand.
In the entire metropolitan district
more than s3U,00O.00o Is the estimated
total OF the coming years work This
will be fully 100000 above the record
breaking totals OF 1905 and 1906. The
totals for both 1907 and 1908 fell back
below $4,000, 600
In distribution the years outlay Is ex-
pected to be divided equally between
Manhattan and the suburbs. That Man
haitian will spend $4,000 900 this year.
barring accidents. Is considered certain.
Fully sloo,o0o,000 will go into business
construction south OF Central Park, b.
far the larger part into Office buildings
south OF Thirty-fourth street. Down.
town centres will take nearly ", zoo, 900
alone.
For Masses Of New Flats.
Plans are being filed in great volume
for large apartment.houses on Wash.
lngton Heights, and SIS, (0O,0C0 is the es-
t!mated outlay for the years construc-
ton there The Bronx Is hurrying
plans almost as enthusiastically as are
the Heights builders. Veteran oper.
ators filed plans this week for one
Bronx house which Is to cost 500, OOO
Other equally radical projects are to be
advanced in that section.
In fact. fathouse building In all the
suburbs promises to be q striking fea-
ture Of the year. Flat builders are Sc
curing sites along all the new rapid
transit lines in the Bronx. Brooklyn.
Queens and New Jersey. Their work
during the last two years was designed
solely to supply current population de-
mands, but conditions are becoming so
favorable that they are figuring now on
d!scounting several years OF the future
They believe that they will not be able
TO get money. land, materials and labor
at such reasonable rates one or two
years hence. They look for good specu-
latiye profits from houses started this
year.
Flat builders In Brooklyn. the Bronx,
Queens and Richmond spent s25.535, 600 on
construction alone last year. Their out
lay for 1909 is estimated above $5O,OV0, 600.
Md builders Of one-family and two
family dwellings, in the suburbs are re-
lied on to exceed all former records.