Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-17

~ ALT LAKE Is still building houses
&A in which to live, repairing those
that are already built and eagerly
awaiting the day when certain
large buildings which are now in the
air shall become an actuality-all of
which Is tho best sort of development
n city can have. Although the past
year has not been record breaker in
building operations. the growth has
been stcader, healthier and more pro
nounced than ever before. AS n result
there Is no possible doubt as to the des-
tiny OF Salt Lake. 1t is Il city with an
assured future and nothing can be fore
cast that will check the growth that has
begun.
From village into a city the growth
was slow: the transformation of city
into n large city came all of n sudden
hut now that Salt Lake has reached
that stage, the growth OF Salt Lake
from a large city into great city must
be steady and rapid. There never has
been n time in the history of Salt Lake
when values were in healthier condi-
ton. They are increasing ut II rapid
rate, it Is true, but the city Is growing
even at O faster pace. The advance in
business property has caused some of
the old-timers To gasp but these are
small compared with what Is to come in
future years.
WHY REALTY ROSE.
AS the basis of realty values is popu-
lation and productiveness, there mas
always been Il reason for rise In SAT-
Lake property. The developed country
surrounding salt Lake IS peerless in the
point of productiveness and no other
city of its size in the world has an un-
developed vicinity Of such promise.
salt Lake valley alone Is capable or
supporting IL vast population and Its
fertile reaches have as yet been
scarcely scratched. The foundation
for Il nigh value In Salt Lake real es-
tate IL to be found in the absolute GER
tainty that 1t is destined to be one OF
tho most densely populated areas In
the state, and It's business and manu-
featuring enterprises supported by the
tributary country which surrounds IL.
Frontage almost within stones throw
Of tho city's commercial center can be
bought now for prices which in Il few
years will appear ridiculously small All
this cose-in property VIII be almost
priceless for apartment sites in an
other 10 years.
SLUMP EXPLAINED.
In reviewing the realty market and
building operation for the past tive
years, 1t Is shown that the foundation
has been laid for prosperity unpar-
nleled in the history of Salt Lake. 1t
explains the apparent slump in new
building operations In the business dis
trict and the reason for the record.
breaking growth in the number oi
homes built In Salt Lake during the last
year.
Two years ago the business district
wns congested and rental values were
greatly increased. In order to reliev,
this condition, the business section be-
gan to spread out In every direction
Capital found largo returns in bushes!
property and as result business
blocks We're projected. During the yea
1909, there was upwards of S9,O00,0O
spent in office buildings and stores t
relieve this condition OF the buildings
projected at that time. there remains
the Hotel Utah. the Ncwhouse hotel an,
the Kearns building. three skyscraper
yet to be completed. This tremendous
activity in building operations cuusc(
a slump in business building activity
When all these buildings are com
pleted. 1t will probably remove the con
gestion which WAS so apparent tw
years ago when rentals on Main stree
cost $3.50 n front foot.
NEW ouTPOsTs ESTABLISHED.
This activity established new bound
aries in the business district. The neV