The San Francisco call., 1910-02-26
INQUIRY IMPROVES
FOR REAL ESTATE
Oakland Dealers Predict That
Business for Year Will Be
Unprecedented

OAKLAND. Feb 25.-EXperts IN
realty predict that oaklands building
and investment record for 1910 viii far
exceed the most optimistic calculations.
That a genuinely healthy demand for
property is under way can not be ques-
toned if the ac,ual transfers on record
are a criterion. One of the interesting
features Of the market is the constant
inquiry for business sites and the
steadiness with which investors an
nounce their plans for important i'm
provements- Not a day passes without
word being given out of large trans
actions, which carry with them the
development Of big projects.
For the time being Clay street and
Fourteenth street are receiving no little
attention. The latest deals in that
vicinity include plans for the expen-
diture Of hundreds Of thousands of dol
lars in new business structures. Fol
lowing the publicity given to the con-
templated investment by II. c. Capwell
OF 100000 in modern business block
on the Toursine hotel site is the news
that Charles J. Heeseman viii erect
100000 class a building on his L lot
in Clay street. north Of the Oakland
gas. light and heat company's structure
al Clay and Thirteenth streets. The lot
has 10 feet frontage in Clay street,
with 100 feet depth. and so foot 'front.'
sc in Thirteenth street.
PLANS FOR IMPROVEMENTS
Heeseman has obtained Q permit from
the board of public works TO improve
The building al the southwest corner OF
Thirteenth and Washington streets,
which he has leased and viii include as
par. Of his big business in Washing
Ion street.
The gas company is completing
large addition 10 its main building in
Clay street. which will double its facil-
ities for tr6nsa ction Of business.
Much of this activity west Of Broad
way is due 10 the projected opening Of
Washington and jefferson streets to
san Pablo avenue
These streets have been dead ends for
many years. one stopping at Four
teenth. the other at Seventeenth street.
Now. as the time approaches for open
ins, the district affected is beginning to
feel the beneht.
Property owners are paving more at
ienuon 10 z general Improvement OF
L4lclA lltL0ll4ES III lle business section
than for many years past. They have
been touched by the stimulus OF new
public spirit. created and quickened by
one Of the most progressive municipal
administrations which any city ever
was given. The result has been that
Oakland has gained place among the
leading cities Of the country in the
matter Of public improvements.
Where q few years ago were stag
: rlr - hes rr faT
acres are now the beginnings of a mag
nificent park system. which is rapidly
being shaped into a beautiful vista. A
year Of work has shown what are the
potential possibilities.
The city IS not only growing rapidly
in population, but il is taking on the
air OF q busy metropolitan center.
WORK OF COMMERCITL BODIES
This new spirit dominates the city /
and finds concrete expression in the /
many projects Of Importance which /
are in hand
Organizations like the chamber of !
commerce and the Merchants ex- 1
change are accomplishing great results !
along the line Of promotion and pub I
iicity. And all Of this counts.
The board OF directors Of the Oak |
land hotel company which will erect /
a modern hostelry on the block bound 1
Cd BY Thirteenth, Fourteenth and 1
Harrison and Alice streets. issued q I
statement this week covering in detail 4
the plans for the new edif1ce. The /
total Of capital stock subscribed is |
$3.50. 600. An additional issue OF $780, /
Geo will be presented soon for popular /
The amount already ex- I
pended for the purchase of the block /
bounded by Thirteenth, Fourteenth. |
Harrison and Alice streets, including I
the cost Of excavation. laying founda-
: frra L 4, ,f,,ser
approXimstes 100000.
The financial status Of the enterprise !
is therefore as follows:
Already expended. approximately. S3O0. 600 !
c ost % building. including architects
fees ---.-....---..-.-.. 100000 !
Furniture .......--.........--..-... 100000 [
Total investment. ent...................S 81 5OO. 600 |
Stock ..--....-..-.-..-........ 10000 /
Bonds --.---.--.-..--.--....--. 100000 /
Total .....-...............-.... s1.5Oo.ooo |
The Oakland hotel company has been
popularity known as the Bankers hotel /
company but this is a misnomer. as the
stock Of the corporation as il now ex-
lists is held by people interested in com
mercial and other business interests in
Oakland as well banking: and in
the issuing and selling in the near fu-
ture the new stock. amounting TO $780,
GOO by popular subscription it is ex-
pected 10 make the enterprise more of
p community affair than it is at pres
ent.
Oakland lodge No. III of EIks holds
an option Of $15O000 to purchase the
Athenean club property at the north
west corner OF Fourteenth and Frank
lin streets. adjoining the Elks' present
quarters. A committee has charge of /
the plans for acquiring the property.
INQUIRY FOR RESIDENCE LOTS
Brokers generally report active and
steady inquiry for residence property
Among recent important moves in that
line is the opening of a new tract by A
J. Snyder, who has occupied his COM
modious new quarters in the Jurgens
block, Broadway near Thirteenth street
Speaking of business, Snyder said:
T can not remember when the realty
market in Oakland was in healthier
condition or held more promise for the
future than IL does today"
Snyder has reorganized and aug
nented HIS staff, has enlarged all his
business facilities and has plans under
way TO reopen the sale of Piedmont
Terrace by the Lake" j. V. Jefferis.
who was for many years with the
Home realty company, has taken charge
II the subdivision department and will
isndle the Piedmont terrace properties