The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-18
bAMBERGER CORNER
CHANGES CONTROL
Passes Into the Hands of the
Walkers, Who VIII Build
Skyscraper.
GREAT IMPROVEMENT
FOR SOUTH MAIN STREET
Transaction in Salt Lake Real
Estate in Which Half Million
Is Involved.

Another big transaction in South
Main street real estate occurred on
Thursday. when the property known as
the Bamberger corner, Oh by 165 feet,
opposite the Federal building, and with
streets and alleys upon three sides,
passed into the hands of the Western
Investment and Trust COMPANY, the
decd conveying the property coming
from the Newhouse Realty company.
aud thc consideration, as stated i'll the
deed, being 100000 This deed was en-
tered of record.
Later IN the day. another deed was
entered Of record, by which the West
em Investment aud Trust company
transferred the same corner 10 j. r.
Charles y. and George \. Walker, the
stated consideration in the instrument
belng. $40. and other good and valuable
considerations. lnasmuch .as the West
ern Investment and Trust company *
IN investment corporation and not in
business for fun, the natural Inference
is that the transfer TO Messrs Walker
WAS tor larger sum than the 5000 900
winch Tue investment company paid for
the property.
At the same time, a deed was also
entered of record from j. r aud Charles
a. Walker transferring to the Western
investment and Trust company tract
of ground with n frontage on Main
street OF fifty feet and extending back
to Carson street with like frontage
upon that street. the consideration be
ing $40 and other valuable considers
mons: Ihls piece of property Is seventy
SIX feet south Of the new Newhouse
hotel, and real estate men estimate It's
worth ut $1,000 to $500 front foot,
which would max the property worth
$4,000 The amount therefore In.
yolved in the deals would aggregate
almost halfmillion dollars
What Is Indicated.
The transfers i'll these transactions
lnvoiye a great deal moro Than the
consideration for the ground alone The
Messrs Walker own the Walker Dry
Goods company and the Mercantile
block, IN which that store is Iocatcd
which IS on the corntr above the Ban-
berger corner. which they now own.
only recently there was printed in Tho
Tribune story which disclosed the
lIlns OF The NeSsrs. Walker on South
Main street and Fourth South street.
These plans which arc 10 be carried
out, and which open up new thorough
fares m the old Walker property also
mean the expenditure bv the Nessrs
Walker of half Il million dollars in
buildings upon the ground owned nv
them on Fourth South street and Main
street. and architects are now at work
upon The plans for buildings Which are
10 be erected and which VIII give more
ground floor space for tenants than in
any other block of buildings 10 the city.
INC Bamoergcr cOrneT-s which on
Thursday passed 70 the MessrS. Walker.
IS 90 be improved, aud work is 20 com,
ncnce as soon as the tenants now oc
cupylng the buildings on the site can
remove. Notice will bc served upnp
these tenants today 10 vacate at once.
as they occupy the buildings with
the understanding that they csn be
moved upon thirty days notice being
gwen. This would mean, therefore
that by the first of February next wear
the work Of razlng the buildings upon
the site will begin.
Another Skyscraper.
The character of the building
which tho Messrs, Walker will erect
upon the site has NOT been stated. hui
IN view OF the proposed structures
Of the new Newhouse hotel il goes
without saving that the improvement
VIII be in keeping with that OF Mr.
Newhousc and the Salisbury estate,
across the street; the Judge building.
corner Main and Third South street;
Inc NouueItldl cIUp, InS Mining eN-
change, and the magnificent NewhouSe
hotel ON The corner OF Fourth South and
Main street. As said the kind of q
building which VIII he erected has not
been made public, bur from remark
made by the architects who have1 the
matter IN hand another skyscrapcr may
rear It's head upon the northwest cor
ncr of Main street and Postoffice
place
The property transferred 10 the West.
orn Investment and Trust company on
Main street gives that company an
ownership Of ninety feet ON that street
and inins tho property upon which they
intend 10 erect j handsome building
The deal Is big one, and, coming
IN soon after the great deal OF The
Auerbachs and OF the improvements
which the Walkers viii make upon
Fourth South and Main streets. means
that there are 10 be several new can.
yons added TO the business district Of
Salt Lake City. This is Just 4 fore
runner of what the new year Of 1910
viii bring forth. Greater Salt Lake is
now here. Before 1912 Zion viii have
Il Quurtcrmilliou population.