The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-10
TIRE REAL ESTATE MARKET
IT>> ~ TLBING ~ WINHlT-
TtN LlNT MONTH.
P,,r. Fned Tor aI5.0aO.0OO Nsgth
~ I~OsiruriiSn Work. ~ Against
s1s, O0O. OB0 . Sear AGO CSSie Ne
,I.ISa % sOo0 Explains the FIgares.

,s Csn.irurtisH Work. ~ Agalase
as. OSO. OD0 . Sear AGE Cedr Ne.
,I.lSa % 5000 Explains the FIgares.
Ruld,ns Superintendent Rudolph r
W,Ilsr = quarterly report of the building
,rsr..,on- IN Manhattan reveals the fart
"a, uhile tho total nov construction
,c,. planned - far behind the pbenome-
a. record Of last year. made during the
,g'ation over the building code revision
~ the earlier months of iNa. all tho
daaa-tment cla~~iHcation-. other than tho
.,.p~rnent house. schedule. exceed both
m the number Of buildings planned and
W the capital Investment involved the
al cr~ditsd 10 such general cOnztr,Ic-
no, work in IeOs. The figures ara Sl7.-
SO appropriated for lea new build
ms othar than tenement hoOse~ this
ysar. a. compared 9th Sls. 3ol .7sO -at
.s,de for tho ia b,iidings embraced In
,ha general schedule ~ nov construction
-ork in Isoo. Q gain OF o. 10 so TO the credit
n 1870
N. quarters statistics. a. tabuIated
~ lanes " Spencer. stati-i ician 20 the
s-artnent. show that the total new con-
.,rriction Of alt Kinds during the three
r.cnths jurt closed amounted tn see.-
-, 81. representing 20 new building.
a. .r,pa-rd with SCI i9l. T50 the e=ti-
ra ID cost 90 the a25 ncw buildings for
shf.H rlans wsr~ filad in the first quarter
~ 1919 a decrease of 81. Hi2. $40 II capital
ana oG III IN the number of buildings
., ,r.s~ntcd.
WI VI the total investment in now CON
.,-Ic'irn creditsd 10 1912 rnore than half.
y 70 nc, nj. was represrntsd hy th" great
4 -. a al
o. tho memorable building code agitation
--i,rr~d 20 A very large percentage Vt
these pIanS werr avowed'y nut On r~corh
~ Trrr s,al possible legislation prnhih''-
mr. the av story -ami-Hreproot tvps It
rrrlti "a uilv house
Tho t~nswent allotment for the first
~ ter ~ this year. when fear ot code
-, sion has h."n eliminated. - given Ivy
~..'i~tt~isn Spenccr - 80. palosS Tor ="
different building tho greater renc"ntac"
Of which ~ all - erected " ith rea-ona-
tle promptne~s, representing a. they q"
PROJECTED high olaS- inrroN enent- fn-
tho upper West Side Z" accommodate
che rapid development Of the Washing
ton Weights. RiVer-ide Drive and adjacent
trSts
Inc rnporr NOTE a very decided gain
w the now construction projected hy the
,,v. rlans being fil"d this year for four
ruhli- building- to cost 81 7Ss."oo, gain
oggs.O.OOO over the hr-t quarter nt ISa
.hen cnly a single public building project
~as recorded at the department, the coat
NJ whi'h was sIsS.t'i.
The capital invested this year N mis-
retlaneous new construction. not claSSi-
fed. ~ also largely IN excess NJ last year =
miscellaneous investment. the figures
icing S7t5.l $50. representing twenty six
buildings. an compared with the twenty
sH for which SIS Isl were Apr opriated
IN the first quarter ~ leOo
The statistics for March. which Stats
tiCian Spencer incorpoI ates an SPECIAL
schedule in the quarterly table. show gains
l1 several Classihcations which partly
Offset the decrease IN projected tens-
r,ant houFa construction. while the store
and loft COnst rViction work maintained a
conservative activity. though less IN
volume than in the preceding March.
The grand total NJ new work for the
month N x ven a. SI3.32s.27O. represent
inR iO7 new buiidlngs. a dscreaz" ot
BII7 80 in capital investment a. com
rar~6 with last year and twenty nv"
his decreaEe. the report notes. - more
than covered, howeve- by the falling
~ ia tenement construction. the ngurer
w the latter classification being thirty
month. and eighty buildings costing
sIosg 80 n ivOe. q decrease IN th's
yeaf's showing 81 G.3s1OnO Investment
and fort --trree IN number Of buildings.
The r,table new construction work
~ March included the twenty story
skvrcTaTar for the Gerrnania Life
CGmpsnv a. the northeast corner Of
Fourth avenue and Seventeenth street.
q nansa -dad edifce in the style 81 the
French Renaissance. 70 cost 81 .m0.nO
and 20 ftand Jus' south ~ the new t'lar-
"rdcn skvscraper on the same @id" Of
'rc avenue and "A second costly Fourth
avenue IMPROVEMENT ~ the fourteen
.r.ry Nills A Gibb dry goods warehouse
- the Twenty-.ecbnd street corner. On
'-e si'e ~ Or Howard Cro-by's ODD
Preshvterian church. the new twelve
story bUSinsss building az ~ and " East
Thirty fourth street in the German
Gothic Ftvls, modified. to ~ buit for
August belmont and replacing his old
s'v rcsidNnc~ and the twelve story
ronmerc al building for the q. =. Potter
Trust owner of the Empire Building az
= Broadway n the southeast corner
~ Broad way and Aston place. adloin-
lrr the original uptown Potter ONCE
birding on the old Lafayette place
Cp'ner
The alteration work IN March included
.syaral improvements Of interest. among
an the conversion ~ two Old fashioned
cvpling- N East i03d street into the
harlem headquarters for the workTnen
- ouZnE 10 the Educational Alliances
80 CONFORMATION ~ the old Baptist
Temple on iisth stree. west Of f1th
"np-. INTO . moving picture theatre.
arm NE building % freproof roof play
round for the youthful guests OF the
Bovr Hotel NJ the Children's Aid Society