The San Francisco call., 1910-12-24
CAPITALISTS LOOK
TOWARD OAKLAND
Municipal Improvements and
Construction Work At
tract Investors

OAKLAND. Dec. 23.-The holiday
week has had some effect on the realty
market but despite the many other
interests which occupied the public a
large number Of transactions were re-
ported The investors both in Oak
land and outside points are realizing
he great Importance Of the municipal
Improvements being made and of the
construction work Of the railway lines.
notably the Southern Pacific and the
Oakland traction company The trac-
tion company viii soon vote for addi-
tional bonds OF s25O.OOO for the pur-
chase OF more rolling stock to be used
on the extensions built and being built
into the suburbs
The chamber Of commerce has begun
agitation for a central union station,
the site favored being at Fourteenth
and Webster streets, the Webster street
station Of the Southern Pacific The
station would aid materially in the
building up Of the property in that
vicinity.
With the future Of the Oakland har-
por assured a contract for the con-
struction Of a rock retaining wall be-
tween the Southern Pacific mole and
the Key Route being recently let by
the board Of public works. and SAP
600 being at the disposal of the city
for the deepening Of the estuary, sites
are being sought by wholesalers in all
lines Of business who heretofore have
refused 70 come in because Oakland
could not offer the shipping facilities
San Francisco had to give Under
present conditions they have not been
able 10 compete with the San Fran
cisco wholesalers, but with the new
harbor advantages il is almost GER
tain that the number of wholesale
houses on the east side Of the bay will
be largely increased.
ACTIVITY GREATER
Because Of the municipal water front
improvements. the activity in real es-
tate in that part of the southern dis
trict lying west Of Broadway and in
West Oakland has been greater the
last month than for a long time past
other water front property is also
rising IN value and many choice sites
are being bought
Work on the new block to be occu-
pied by the H. c. CapWeu company
VIII begin next month. In order to
make way for this modern building.
10 be erected at a cost Of $500, 600, the
Hotel Touraine and other frame struc-
lures in that block will be razed. Work
VIII also begin early In the new year
on the new building at the northeast
corner Of Eleventh street and Broad
way TO be occupied by the Security
bank and trust company and the seven
story r. A Perry building to be erected
at the north side Of Thirteenth street
The actual construction on these build
ings and on the new city hall, the Oak
land hotel and the Realty Syndicate
building involves an aggregate invest
ment Of s3,O00O0
$4,000 building is to be erected at
the southwest corner Of Ninth and
Franklin streets on a lot having a
frontage OF 100 feet in Franklin street
and q frontage Of rs feet in Ninth
street. The owners are Irving C. Lewis
Of the Grsyson-Owens co npany and
John NJ Lewis. his brother. an attor-
hey Of San Francisco. Walter D. Reed
IS the architect It viii be a three
btory basement brick building. Ground
VIII be broken within the next 80 days.
ETEEL WORK COMPLETE
The steel work on the Realty Syndi-
Gates new building in Broadway has
been completed and the molds for the
reinforced concrete freproofing are be-
Ing erected. This 10 story block, when
finished. will represent an investment
of from 100000 to 100000 and viii
be one OF the handsomest class A fire.
proof buildings in the state.
The exterior walls will be cream
colored terra Gotta brick and the gen
ersl plan is for an artistic structure
The property occupied has a frontage
Of 124 feet IN the east side of Broad
way and depth Of 800 feet extending
through the block into Franklin street
The building viii be occupied by all
the interests IN which F. NJ Smith is
concerned The structure Will probably
be ready in May, 1911.
The steel framework Of the new Oak
land hotel has been completed and the
other work on this million dollar build
ing. which will be one Of the finest
hotels in the country. will be steadily
carried on
The building permits for the week
number eS. calling for a total expendi-
ture Of s6s,169.50.
The summary for the week follows: