The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-03-27
OUTSIDE CONCERNS
SEEK SITES HERE
Warehouse and Factory LoCa-
tons Are in Good Demand
by Eastern Firms.
BIG DEALS ON THE TAPIS
MANY HANG FIRE, BUT TRANS
ACTIONS ARE IN BIG SUMS.

With a number OF big deals hanging
fire and others equally as important in
the making OF the prospect for BUSH
ness in the real estate market during
the next few weeks is good. A resume
of the business done during the past
week shows that only a fair amount
of business has been done by the vari-
Gus dealers. The term fair" however,
is only relative. for the deals eonsum-
mated would have constituted big busi-
ness If made five years ago.
One Of the important transfers of the
week was that of Mrs. r. Boviere to
the Utah Ice g. Storage company OF a
valuable piece of property on Second
North, between Third West and Fourth
West streets. for $27,500. On this prop
erty, which is 10x2O rods, the company
will erect in the near future an ice
plant to cost approximately 100000
This plant viii have capacity Of 200
tons daily and will be one OF the larg-
est in the west. Machinery has already
been ordered and will be ready to be
installed when the plant is completed.
Activity in su bdivision and addition
property continues strong. Dealers re-
Pert the sale of many lots In the varl-
Gus tracts and they promise that these
of modern cottages
Many inquiries for suitable trackage
property are reported by dealers. East
ern firms are DESTROYS OF getting good
warehouse sites along the Denver &
Rio Grande and the Oregon Short Line
tracks. In speaking of the demand for
trackage property a local dealer said
yesterday:
Identical Demands.
The Wholesale houses and the fac
tories are almost Identical in their re-
Quirements as to land. The lighter
Wholesale business and the lighter fac
tories, where convenience to traffic is
more important than the cheap hand
ling of merchandise, locate close In TO
the business center. The heavy whole
salers and the big factories come as
close to the center as they can and
still enjoy trackage. Factories differ
from wholesale houses in one respect
in that the larger factories have 10
have big areas of room and go out TO
the suburbs, where they can enjoy
tTackage and cheap land. Location OF
such factories develop small sub urban
business and residence communities.
THE residence land values are also
based upon the principle OF selling to
the highest bidder, but in a somewhat
different way than business and ware
house values" continued the dealer.
In dealing with business property the
bidder figures entirely from stand
pGint of dollars and cents. In figuring
residence property the social element is
most important and there Is therefore
less stability to values and OFTEN more
violent fluctuatton.
Dealing with the general question OF
residence values, the rich select first
the place in which they will build their
homes, others in more moderate cir
cumstances go as close as they can TO
this location or to the conditions mat
approximate this location, and from
there the scale ranges on down in pro-
portion to financial ability untn the
small houses in the suburbs or the old
houses in the vicinity Of railroads and
factories are reached.
Sold Under Restrictions.
The chief of these requirements is
elevation above the remainder Of the
city, nearness to parks and bouleVards
and freedom from nu1sanceS or any
thing else that will tend to interfere
with the enjoyment Of home life. Th'
first OF these requirements is one thai
is established by nature, but the Others
are largely the creation OF man, anc
because OF the ability or man 10 con
troll them, practically all high-clas'
residence property in large cities is nov
being sold under restrictions that guar
antee. as far as possible. the freedom
of such districts from nuisances. Thest
restrictions provide against undesirabl,
tenancies OF all kinds, usually establish
6 limit as to the cost Of the building
prescribe the distance from the stree
that the residence can be erected and
designate the height of the fence tha
can be built around them"
Activity in building was most marked
during the past week. The steel frame
work OF the Utah hotel Is now up 4
the fifth story on the southwest cor
ner of the building and work is beinl
pushed with q view OF having the en-
tire steel superstruoture up within 81
DAYS. Considerable progress is also be
ing made on the NewhoHse hotel, cor
ner Fourth South and Main streets. !
large Jumbo crane has been installed
at the site OF the Kearns office build
ing and during the coming week worl
will be started In putting the heav.
steel girders in place
The spirit OF Improvement seems Z
he In the air. Alterations TO the Chf
building, corner Third South and Mail
streets. which are now being made, vii
soon result in q greatly improved ap
nearance Improvements are also be
ing made in the GOdbe-Pitts drug stor
corner. at First South and Main streets
In many places in the business distric
the Old fronts OF business houses ar
feing taken out and new ones put II
THESE improvements viii give the bust
ness district a much more pleasing ap
pearance.