The San Francisco call., 1909-11-27
MORE HOTHSTOBE
BUILT DOWN TOWN
Both City and Suburban Realty
and Improvements in Sound
est of Conditions

buildings in the lower part Of Market
street and vicinity. concerning which
mention has previously been made,
is actually in progress. Within a
space OF three blocks two steel frame
buildings are going up. One has
reached the height OF two stories The
lot in the other instance is ready for
foundations Farther out Market
street large class A building is in
construction IN the south line of the
street, just west Of Mason street
The sales which recently have been
reported show a strong tendency to
invest in business localities and the
construction in Market street un-
mistskably indicates the belief of capi-
talists that conditions warrant the in
Vestment OF money in steel, stone and
brick structures calculated TO become
income payers
The eleventh month OF the year be-
ing close TO an end. much interest is
devoted to the figures of building con-
struction. OF loans and especially those
relating to the purchase of central
the prices paid in business centers for
building sites is a sure guide to public
opinion concerning values in general.
TWO MILLIONS IN MONTH
The month of October shows trans
actions in the sale market that ag-
gregated more than 100000. The
present month opened with deals Of
good size and the records viii be
swelled by the inclusion of transac-
tions which were the subject Of litiga-
ton. but which have been confirmed
by court decisions
An indication Of the present condi-
tion OF the market and Of its general
improvement is supplied by the report
OF one brokerage house, which shows
four sales just effected ranging from
$4,000 TO $4,000 in the prices paid for
eligible realty. The properties in
VOWED are ali comparatively central
the loca ions being in Dupont, oFar-
rell, Drumm. Washington and Taylor
nd BeavenwOrth and Clay streets
Ipon these holdings handsome struc-
lures VIII be erected with little delay.
he total showing Of realty transac-
tionS for November viii be reassuring
eleven months OF 1909, relating to
sales, loans. building and the like. will
be available next week
SUBURBAN REALTY STRONG
Dealers in suburban property antici-
pate a great revival in the spring
Agents for properties on the peninsula
Of san Francisco especially are conf
dent that the lapse of a very few
months viii show decidedly better
conditions. The Southern Pacific is
continually at work in the matter of
preparing to run trains across the bay
Of San Francisco by means OF the Dunn
barton cutoff. The day is drawing
near when the peninsula viii be served
its entire length by an electric rail-
way, which VIII carry passengers
from san Francisco to Los Gatos. in
connection with existing lines, and
possibly farther AS ali the peninsula Of
san Francisco is the immediate trade
territory Of this city. the outlook for
the increase of local business and the
consequent Improvement IN local realty
values is continually bettering
Wherever there are vacant lots in the
central and retail sections Of the city
the gaps are being steadily filled. The
majority OF the central streets have
already taken on the appearance OF
being permanently and solidly i'm
proved. To lease" signs are much less
common on business property than they
were few months ago. notwithstand-
ing that business buildings are contin-
ually in process Of construction. The
period OF experiment is past and GER
1ainty as 10 the advisability of inn
proving high priced lots is established.
CAN ADD TO BUILDINGS
Property owners who showed some
caution by the erection OF two or three
on - do
suficientlv strong to carry class 4
structures. two or three times the
height or the original building may
safely look forward to the time at q
rot far distant future when they will
feel justified in building more stories
A marked feature Of recent construc-
tion has been the preparation Of
plans and the actual beginning of
work on quite q number of large ho-
tells and apartment houses. which may
be taken as indicative of increasing
growch in the citys population.
simultaneously with such construction
the erection Of residences has pro-
ceeded.
In the Western addition especially
buildings Of good size and well situ-
ated have been found inadequate by
their owners, and in number of in
stances existing structures have been
torn down to make way for something
more modern, more ample in size and
generally up TO date. 1t is conspicu-
Gus fact that there are very few ito
rent" signs in the better improved
parts of San Francisco, this applying
particularly to residences.
HOTELS ARE GOING UP
The building of more hotels of from
FIVE to six stories in height carries the
impression that San Francisco will soon
be able to accommodate many more
than 10000 guests at a time. That
limit viii be increased by some thou
sands.
Nothing can detract from the impor-
lance OF the opening of the new Palace
hotel. By reason OF it's location and the
liberal scale upon which that great
public house has been constructed, the
Palace is unique and will remain unique
for a long time. Il is extremely prob
able that Montgomery street may soon
resume it's Importance as hotel sec
ton and that the Palace hotel viii
hasten that day For the present there
IS probably sufficient office construction
down town to serve immediate needs
and IL is but natural 10 suppose that
lie great unoccupied site OF the old
accidental hotel viii be again used for
: rurr1ose Hnflar 10 the former one.