The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1910-09-24
STIMULUS GIVEN
TO REAL ESTATE
Southern Pacific TO Commence
Work on Vast Scheme of
General Development

OAKLAND. Sept. 23.-Real estate
men see many prospects for favor
bic fail and winter season. Big pro-
jects are under way. 1t seems certain
now that the Southern Pacific company
will go ahead rapidly with its gigantic
plans for water front and railroad de-
velopment on this side of the bay The
controversy over the water front lease
franchise appears TO be settled. Litiga-
ton i'm the courts has ended. There
is general Impression among those
who have closely studied the situation
that Oakland has been q big winner in
the negotiations, which have ended in
z solution Of the water front problem.
Insiders are. of the opinion that no
time viii he lost now in pushing the
Improvements forward. Among those
which the Southern Pacific company
has in hand is the expenditure Of
S2.000.000 10 100000 on the south side
Of Oakland mole, the erection of
modern passenger station at Sixteenth
street. the construction of modern
electric line connecting West Oakland
on loop with the Fourteenth and
Franklin street Alameda mole system,
the slectrizing Of its entire east side
ferry and suburban service, and in
cidentauy the construction of large
power plants and the like as part OF
equipment.
FRANCHISE DELAYS
Much of this important work has
been held up pending the final action
OF the municipality in the matter of
the water front franchise. The COM
pany has indicated that the settlement
there viii enable il TO clear the decks
and 60 ahead. This viii unquestion
ably have an important bearing not
only upon the future of the city. but
upon the immediate development Of
better conditions in the realty market.
II is only one aspect OF the general
trend that gives dealers assurance of
z widening of the city's sphere of
influence. That Oakland is TO hold
great share in the benefits from the
Panama canal no one doubts. Its geo
graphical location as the continental
terminus for railroading, its harbor
facilities, which will be on a modern
basis before the canal is opened; its
splendid attractions as a city of homes,
its manifest superior climate, these
and many other advantag es place
Oakland in the forefront of Pacific
coast cities.
CAPITAL INTERESTED
That capital is not overlooking the
city is evidenced by the large number
Of inquiries which daily reach the
chamber of commerce from all parts
Of the United States and from foreign
lands. Secretary a a. Denison. in
spea king Of this. said:
The arrival Of the first transcontinen-
tai passenger train on the new West
ern Pacific railroad was one of the
biggest occurrences in the history Of
Oakland We have been ebombarded
with inc uiries ever since the news went
out TO the world that Oakland had
been established for the fourth time
in its history as the terminus of a
transconunental railway system. We
now have entering our gates the old
Central Pacific. the Southern Pacific
the Santa Fe and the Western Pacific.
The end is not in sight. We have room
Tor many more railroads and they are
bound TO come. for this city is the
natural terminus. Oakland has much
10 look forward to, and 1 am convinced
that we are upon the breaking of new
conditions that will cause our fair city
TO leap ahead with great strides in the
next few years"
BIG BUILDINGS GROWING
Construction Of the steel work on
the Oakland hotel at Harrison and
Thirteenth street is progressing salts
factorily.
II. c. Capwel, president of the Sc
curity bank and trust company. an
nounced this week that the modern
steel edihce for the bank that is
70 be erected at the northeast corner of
Eleventh street and Broadway. would
be under way by March l, 1911. Ten
ants Of the shacks now occupying the
property have been notified to move.
Following is a summary of building
permits applied for at the board of
puoIlc works for the week, as compiled
by James W Nelson. the secre+s,-I ~.