The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-03

EWill 1t pay to invest In Highland
Park lotsl' is the question many per
sons in Salt Lake City and elsewhere
are asking themselves since this popu-
lar addition was placed on the market.
IT is a question that Kimball g. Rich
ards, land merchants, and owners of the
property, want every prospective pur-
chaser to ask and answer for himself
and herself before putting money into
this property. 1t rs business proposi-
ton, and should be treated IN a busi-
ness like manner.
Kimball & Richards say the answer
TO the question is eyes. -
There are two main reasons:
First: Salt Lake is growing city,
and any wise investment In real estate
in a growing city will pay.
| Second; The tpubhc improvements
being installed on this property by The
owners Of Highland Park must mean
| rapid enhancement of values, par
| ticularly as tho addition is in that sec
| ton Of the city which is growing most
| rapidly of all the residence sections.
STILL ANOTHER REASON.
To these two main reasons might be
added third:
So many purchasers have already
bought in Highland Park. with the in-
tention of improving their property,
that the adjacent lots also must ln'
crease in value.
Kimball G. Richards themselves have
program of Improvements on some OF
the lots in Highland park which Will
mean much TO those who own adjacent
property. They are not making strong
argument of this at present. however,
as they plan first TO complete the gem
eral improvements on the property or
to get them so well under way that
they may be carried through to conf
pletion with comparatively little atten-
| ton.
PRESENTS BUSY SCENE.
A visit TO the tract will reveal an
amount of work under way that cannot
but attract home builders and investors
to the tract-and the moro home build
ers and investors, tho more rapidly the
land viii grow IN value.
Grading has been completed already
on large proportion of the streets on
the property, and is so far advanced
on others that the outlines of each
block are clearly discernible, and an
intending purchaser may pick out a lot
on the tract, then go to the map ana
point TO Vt there This means that the
purchaser may now know Just exactly
what he is getting.
So the purchaser of lois sn Highland
Park buys with the lot graded street
in front He also buys a fve-foot ce-
ment sidewalk in front of his property,
and cement curbs on most of the streets,
and trees TO be planted in front of the
property,
Compare the value Of lots in any
residence section in Salt Lake City that
has graded streets, cement sidewalks
and curbng, and where shade trees are
planted, with the prices asked by Kim
ball & Richards for Highland Park
lots, and you will see why it is that the
owners are confident that prices or
property in Highland Park addition
must advance rapidly.
PROPERTY WELL LAID OUT.
But lots in Highland Park addition
have advantages that appeal strongly
10 the home builder and that are not to
be found in many sections of this city.
The public of Salt Lake City by this
time appreciates the advantages and
the value of having an alley In the rear
OF the lot The great majority of lots
in Highland Park have this feature.
Again. only small proportion Of the
lots in Highland Park addition face
north, and those that do are mostly on
the main street of the property. This
feature adds much to the desirability
of the lots and makes them easily sale.
able
OTHER IMPROVEMENTS COMING.
No mention has been made or the ne
gotiations under way for electric light
service, street car service TO the tract
and city water service. Negotiations for
these are all progressing favorably, but
Kimball & Richards prefer not to hold
these out rs an inducement until the
negotiations are completed. The recon.
mcndation for a six~irch water main
has already been passed by the city
council water works committee, and IS
now before the council for final action.
The outlook OF the negotiations with
the Utah Light and Railway company
is equally promising.
The owners have an Office on the
'ract, and an employee is always on
nd there, ready TO point out the loca
u of lots in the addition. Highland
.rll as an investment is well worth In
;igation. and Kimball & Richards
rdiallv invite intending purchasers to
zee them either at their head Offices, at
IL tr.N