The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-11-23
DAYS REALTY DEALS
REACH THREE-QUARTERS
OF A MILLION DOLLARS
Continued from page /


States, not excepting those in New York
or Philadelphia.
THE Godbe-Pitts Drug company has
a lease on the other store room which
runs for two years yet, but we are in
hopes of completing arrangements with
the drug store people which will allow
US TO take a part of this corner room
and fit it up as cigar store in the near
future.
Employ Salt Lakers.
"In opening our stores here we shall
employ Salt Lake men, who will be I'M
der the direction of a resident manager
who is acquainted with our methods OF
doing business"
Mr.. Wise declined to give any of the
details of the leases which he has taken
on the two buildings He said that no
decision regarding the renewal of the
leases would be reached until the archi-
teets of the company had completed their
plans for remodeling the building.
The Union Pacific and other Hartman
lines, which hold the corner room in the
block, are the oldest tenants in the build
ing, having been in that room for q years.
Oscar Groshell, who has the south store
room in the building in Main street. is
next in seniority. Next month he will
have been a tenant for an even 20 years.
The Hartman lines will try to obtain a
location near their present offices, al
though it is settled that they will have to
give up the corner room on April 80.
Other tenants in the Kenyon hotel are
Rich & Sons, clothiers; Model barber
shop, Bryce Drug company, NJ. H. Des6y,
clOthier; the Felt Lumber company, Pet
ers' barber shop and the Mint saloon. 1t
is believed that most Of these tenants will
be able to gain new leases. Oscar Gro
shell, agent for the National Cash Reg
lister company will move TO his new
building at 249 State street as soon as 1t
is completed.
The Kenyon hotel property is owned by
the Salisbury company, the corporate
name of the o. ]. Salisbury estate. The
Godbe-Pitts building is owned by Mrs.
Karl A. Scheid and Mrs. Flora K. Wood
ruff.
Although the long term lease is the
common method of acquiring property in
cities of the east and middle west, and it
is also common in San Francisco, it is a
new feature in real estate trade in Salt
Lake. The Galloway, Hook & Francis
building, however, is erected on ground
leased for fifty years and on terms where
by the building and Improvements revert
to the owners at the expiration of the
lease. It is believed that in the lease of
the Kenyon hotel property to the United
Cigar Stores company there is a clauls
whereby the skyscraper to be erected by
the company will revert to the owners of
the land in 1895 on payment of an ap-
praised valuation Of the improvements.
Other Big Deals.
Real estate deals involving business
property in Main and First South streets
and a flat site in Brigham street,
the three transactions involving con-
sideratiOns of more than 800 900.
We're completed yesterday. The Main
street property is that occupied
frontage of Il feet on Main street and a
depth of 135 feet. This was bought by C
c. Roberts for $4,000.
Mr.. Roberts sold the property at the
corner Of Broadway and First South
street to the Western Loan & Savings
company for $4,000. This property is on
the east side of Broadway and includes
one-half of the corner building and the
ground. With this sale was the transfer
of a right of way through Broadway.
Wnlch was sold to L. II. and ]. A. Young
of the Young & Young company.
John Lloyd sold a lot 5x10 rods includ-
ing No. 22S to 232 Brigham street 10 Ellen
Stewart, for $4,000. There are two large
houses on this property and Mrs Stew
art plans the erection of an apartment
building on part Of the lot in the near
future. This apartment will probably
cost in the neighborhood of $4,000.
Plans for the finest theatre in the en-
TIRE west are being considered by local
capitalists in connection with the Shu-
bert company, and within a few. days a
decision Will be reached as to the location
Of the new building. 1t is probable that
the site selected Will be on the northeast
corner of Main and Fourth South streets
on the lot just south of the Newhouse
building Plans for this theatre are now
in the hands of a local architect who ad-
mitted that they were being considered
but said that inasmuch as the deal had
not been definitely closed he could make
no statement regarding them.
Another site that is being considered for
the theatre is lot in East Second South
street between State and Second East
streets, owned by a. Fred Wey and w
]. HallOran. 1t is certain that this lot
will be improved in the near future and
in case the theatre goes to lower Main
street, a garage may be erected on the
Second South street lot.
For Apartment House.
Plans for the erection of an apartment
house on Capitol hill. to cost $f25, 900. by
Mrs. Carrie Moore Gray, wife of Lionel
II. Gray, have been completed, and work
will start as soon as the grades have been
established by the city engineer The
from Mrs. Gray to the city council asking
for the establishment of grades on Hill
side avenue and Gray avenue.
Mrs. Gray said last night that the foun-
datiOn will be put in this fall and every
thing made ready to start the building
early next spring. The apartment build7
ing will be erected at the corner of GRAY
avenue and Hillside avenue. These streets
lie between Main and State streets and
First North and Second North streets.
Plans for the erection of the $125.O0f
structure are practically completed. and
contemplate one of the largest flat build
ings in the city It will be about six
stories high and of the most modern type.
This part Of Capitol hill is growing up
fast, and the erection of the apartment
house will add a new impetus to residences
building in this part of the city.