The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-11-14
SALT LAKE REAL
ESTATE BOOMING
City Is Spreading Out and
Much Building Is Being
Done.
IMPROVEMENTS ARE MANY
MANY SUBDIVISIONS ARE BUILD
ING UP FAST.
IMPROVEMENTS ARE MANY

long time to come. Ever since the days
of Father Adam real estate has occu-
pied a premier position in the history
Of all nations. The wealth of nation
was rated to a great extent in the
value of its real estate, that is, of the
bounteous crop-produeing lands.
The naked earth of this city repre-
sents a conservative taxable value OF
over ffty-one and a half million dol
lars. During the past decade, and es-
pecially during the past two years, II
has yielded fortunes the like of which
! were seldom dug on treasure islands
There are a number OF instances of
| where young men have broken away
from positions as clerks and by sheer
pluck and energy succeeded in making
| comfortable fortunes by grasping the
| opportunity in the real estate line. Now,
values have increased to such an ex-
tent that the real estate field is the
| playground of the men with money.
| Options on valuable sites are harder to
| secure than they were several years
! ago. This is especially true OF the bus
/ mess district, where unheard-of prices
with big payments down. have been Of
! fered for choice locations.
Three years ago some of the streets
that are now lined with beautiful
| homes, were almost considered by
paths. People regarded them as being
about as promising for residential dis
tricts as is Werchojansk. Siberia.
There was an idyllic sort of quietude to
the rustic surroundings, a serenity that
seemed sure to stick for a quarter of a
century at least.
City Grows Fast.
What were considered suburbs of the
city several years go are quite proper
ly part of the city now. Indeed, it
would take a hair-splitting discrimina-
ton to tell just where the suburbs of
Salt Lake begin nowadays. Within the
past decade Federal Heights has
emerged from a billy tract, covered
with sagebrush and cut by numerous
guilies, into eastside renown. The path
ways made by boys from the city in
their chase of the fOOthill rabbits have
turned into artistically designed streets.
Today, where once were sagebrush and
stones, are now handsome residences,
either completed or in course of con-
struction.
Sugar Efugses ward was at cnestime'
considered far removed from the city
proper. Now the extending of the
boundaries OF the residence district has
practically filed the breach that here
tofore existed, and il would be hard TO
tell where Salt Lake ends and Sugar
House begins. Handsome residences
are to be found all along the various
street car lines even to. a point south as
far as the state penitentiary. This
community can hardly be classified a
suburb. The hair-raising discrimina-
ton would certainly have to be applied
here. Sugar House. Federal Heights
and other districts resemble a woman's
waist under the fluctuations of last
summers fashion. In those months
some one cleverly remarked a woman
would retire one night with waist
somewhere near the heart, according to
the fashion plates of the hour, and
would learn on awakening the next
morning that it had sunk half way to
the knees. By the next morning it
would have dropped almost down to
the shoe tops.
What is a suburb of this city one
year may be a populous thoroughfare
the next. Districts two and three miles
from the business center of the city are
feeling the thrill of energy that stirs
the downtown section. 1t may there
fore be said advisedly that all phases
of Salt Lake real estate, business, semi
business, residential and suburban, are
vital with development and rapidly en-
HANGING values.
Notable Transactions.
The past week has been character
lied by several notable transactions in
business property. The biggest deal
was the purchase by p. j. Moran of
the S. H. Auerbach property on Main
street, just north of the Boyd Park
building, between First and Second
South streets, for approximately S245,-
Co., The property has a frontage Of
sixty-nine feet eight inches and
depths of 2141a feet, and brought at the
rate of about $500 per front foot. Mr.
Moran contemplates the erection of a
modern skyscTaper on the ground, work
on which is likely to start next sum-
mer. The property sold embraces the
smaller buildings just south of the
main building of F. Auerbach &
Brother.
Among the other deals in Main street
realty was the purchase by A. E. Pom
eroy Of Los Angeles of 1876 feet frontage
between Sixth and Seventh South
streets, from Bertha Jackson, for 500
600. The ground is occupied by two
small houses, which will be kept intact
for the present. Other deals are known
to have been consummated, but infor-
nation is withheld by the persons in
volved in the transactions for trade
reasons. Two of these deals are we'll
into the five figures. In addition 10
buying Main street property, Mr.. Pom
eroy added to his already extensive
holdings in the city by buying of
Georgina B. Olsen. through Cannon &
Cannon, 5X10 rods Of frontage on Third
South street, between Second and Third
East streets, for S21, 900. This purchase
was made for investment purposes.
The property is at present occupied by
four cottages, which bring In a monthly
rental of over $3.50.
In spite of the stormy weather Of the
fore part of the week. there has been
much activity in the sale of lots In the
various subdivisions on the market.
Dealers have been kept busy in showing
prospective purchasers over the
ground. This activity has not been con-
fined to any one section, but all have
shared IN the benefits to be reaped from
the desire of great middle class to ac-
quire home building sites of their own. |
The completion of the Ninth avenue
and Eighth West car lines was source |
OF qualification to the many residents |
of the city living along those streets |
and In streets nearby. Already prop |
erty has been enhanced in value in |
these neighborhoods
Among the subdivisions in which ac-
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