New-York tribune., 1909-04-18

overlooked until recently by many big speculative
builders and mercantile houses looking for sites
in we'll located central sections for Improvement,
with buildings to sell, or for their use. About
years ago. when the central Fifth avenue
shopping district being enlarged by the addi
ton of many blocks with modern Office and store
buildings. # the consensus Of opinion in real
estate circles that the values there which had
reached records. would create great demand
for nearby sizes. especially in this part of Fourth
avenue. Some well known retail business houses
have already decided have home for them
selves in Fourth avenue and here and there along
the avenue are being put up modern loft build
ings.
FOURTH AVENUE VALUES HIGHER
The long expected movement of great ma gni-
tude in the avenue. however. is not Yet feature
Of the trading there. Nevertheless values in
creasng at quick rate and il is not likely that
the future will hold many opportunities 10 buy
at present prices TO he found there to-day.
One Of the principal recent transactions affecting
q site in the avenue was the purchase by Dodd
Mead & Co. through Horace s, Ely & Co. of the
premises No Ar to AZ Fourth avenue and No. lG3
East 3oth street. forming the northeast corner of
these thoroughfares. The plot contains about !, 81
square feet and is almost opposite the site which.
it IS said. the New Haven Railroad Will one day
use for terminal purposes on Manhattan Island.
Dodd. Mead & Co. have been for years located a.
the northwest corner of 35th street and Fifth ave
and their old site. together with large parcel
adjoining. is now controlled by Best & Co. and
will be improved by the clothing house with a
building for its exclusive On the Fourth
site Dodd. Mead & Co viii build structure
for their use.
In the section of this midtown loft centre ne
tween 18th and 10th streets there has been
tensive buying Of sites for immediate Improvement
and quick market has also been found for the
product of some OF the big construction companies
active In the district. 4. D. Juilliard recently
bought investment No. 50 3e West 18th
street. twelve story store and loft building.
plot 95xs2 feet. from Frederick Southack and Alwyn
Ball. jr. That OF the leading investment
deals in the midtown loft centre this year
60x100 feet the West Twenty-hfth street Company
is going twelve story and basement loft
building. to he ready for occupancy in the early
fall II will have side light from the store floor 10
the TOP floor. This site was recently bought bv the
West TwSnty-ffth Street Company from the Realty
Holding Company through ". & L. Hess and s NJ
Bier on the site Nos. 2S and 30 West 3Sth street a
twelve story office and loft building is erected
A market also found this year for the Mar
mac Building. Al Nos. 100 and III West 9th street
eleven story structure. On plot 40X100 feet II
sold by $. 3. Goodale * Son TO Harry Good
kind investment The building is under a
long lease 10 the Rker Drug Company. II is the
intention of the Marnac company erect a
similar structure i'll the street. Joseph Solo
recently sold the two four story dwelling
houses Nos 80 and - West 9th street 5jx9S9 feet
between Broadway and Sixth avenue. through NJ
& L. Hess 10 the Realty Holding Company. On the
site will be put up loft and store structure.
In tne midtown hotel gone is 20 he erected in the
Of which John Hays Hammond is president. It has