The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-11-14
CHANGES SKYLINE
OF STATE STREET
Many Fine Buildings Going Up
There Makes Alteration
in Appearance.

With the completion of a number of fine
buildings on State street recently the sky
line has been changed so that one who
had been away from the city for year
would hardly recognize the thOroughfare.
The street is enjoying an activity such as
never experienced before. More trans
fers of realty are being marked up to its
credit than in Main street, due 70 the
fact that owners of property on Main
street are holding on to that property
with a tenacity, the grip of which can
not be lOOsened even by flatter1ng OFFERS
Owners of property on State street
have been freer TO part with their mold
ings, being satisfied with from % to 90
per cent on their investments. It is
said by several big dealers that good
things are IN store for this street. A
deal Is on which means the cutting OF
two new streets through block just off
State street, and the expenditure of
probably half a million dollars.
The largest among the new buildings
now being completed is the Holmes hO-
tel at the corner of Second South and
State streets. This is a pretentious
structure and lends dignity and beauty to
a corner which for many years was the
site of old tumble-down structures. Work
is being rushed on the Groshel building,
between Second and Third South streets,
and the Moyle building, between First
and Second South streets. Excavations
for both buildings are practically COM
pleted
More improvements Yet,
A number Of improvements are SEIZED
uled for State street which are bound to
bring it still more prominently before the
eyes of the investing public. The street
is to be paved from Ninth South street
TO the city limits with asphaltum. Among
the other improvements contemplated are
the removal of all trees from the park
ways on either side of the street, the
removal of poles from the center of the
street and the lighting of the street from
the KnutsfOrd hotel to Tenth South with
a fine system
Capitalists are looking with favor on
this street as a safe place in which to
invest money. It is pointed out that the
business district is rapidly extending its
boundaries and that State street will nat
urally fall heir to a large part Of the
business to be done. Salt Lake has out
grown the one business street stage, said
a dealer yesterday, and the time is not
far distant when there will be several
business thoroughfares almost equal in
Importance to Main street.
Some time ago property in the vicinity
of the KnutsfOrd hotel on State street
sold for about $500 a foot. 1t is said
South streets is now bringing better than
81 600 a front foot. Between Fourth and
Fifth South $500 is the prevailing price,
and $3.50 to $500 per front foot is asked
for property between Fifth and Sixth
South streets. Prices range from SI75 to
$3.50 per front foot between Sixth and
Seventh South streets.
The most prominent holders of State
street realty are Gus Holmes, Thomas
KeaTns, Houston Real Estate Investment
NJ. B. Lichtenstein, Freeman
Morningstar, Peter Haach, J, G. Lynch,
Spitz Brothers, John Dern Hewlett
Brothers, Oliver HOdgson, Samuel New
hoirsa n Swan and I TaEv