The San Francisco call., 1910-07-23
INQUIRY STRONG
FOR Home SITES
Oakland Real Estate Market
Reported in Good Condition
During Summer Season

market owing to the demand for mod
ern residences and building lots, the
beginning Of construction work on nu
merous projects in the business section
municipal improvements and railroad
enterprises. has been well sustained
during the week by the sale of many
inside business properties, a move
ment 10 remodel old business blocks
and the steady development of the
section surrounding Fourteenth and
Fifteenth streets at Clay and Jefferson
as 4 retail center
The contract for the erection of the
II. c. Capwell company's magnificent
new four story, class A building in the
east side Of Clay street, extending the
fun length of the block from Four
teenth to Fifteenth, at a cost of $780,
600 or more was let Thursday TO Percy
J. Walker. The plan of the new
building was drawn by Architect C.
W. Dickey. Wrecking work on the
Hotel Touraine and other buildings oc-
cupying the property Whereupon the
new structure is TO be erected will be-
gin January ], 1911. and the Capwell
company expects to hold grand open
ing November II. The new building
will have four frontages, one in Clay
street one in Fourteenth, the third in
Fifteenth and the fourth in the new
way that will be opened from Four
teenth TO Fifteenth west of the new
city hail. which viii be erected stimuli
taneously.
BIG SALE MADE
One of the largest transactions of
the week was that through which the
Realty bonds and finance company, in
cooperation with the Laymance real
estate company, effected the sale of the
northeast corner of Fourteenth and
Castro streets TO II. c. Morris and F.
A. Muller. With the erection of a
modern four story brick building for
stores and apartments, contempla ted
by Norris & Muller, the transaction
viii involve considera bly, over 100000
L. Redding has sold his property at
the southeast corner of Fourteenth
and West streets to c. Toffiez for SI6,-
600 and two other sales. one in Brush
street near Eleventh, the other at the
southwest corner of Telegraph avenue
and Twenty street, have been
made by the Laymance company to C.
J. Nash and c. H. Boardman respect
lively at a like figure.
The block east of Broadway. between
Eleventh and Twelfth streets, which
formerly housed the Hook furniture
company, has been remodeled and will
hereafter be known as the Oakland
market The new market viii front
on both Eleventh and Twelfth streets
The building formerly occupied by the
w. P Fuller company, on the north side
of Twelfth street. adjoining the Oak
land bank of savings, is also being re-
modelled for the Graiey-Grote furniture
company. A number of other remodel
ing schemes are under way.
The first consignment of structural
steel for the frame of the new Oakland
(BankersD hotel arrived Thursday from
Panama, and the erection of the splen-
did edifce viii be commenced a week
from Monday, by which time the force
of so men now at work on the concrete
foundation viii have completed prepa-
rations FOR the rise of the big steel
frame. Contracts TO the amount of
s5S5000 have been let up to date. The
total cost Of the building, with addi-
tional furnishings, will be more than
sl,10O 600.
ELABORATE DESIGN
The new hotel will rival anything of
its kind on the Pacific coast. 1t will
be built IN seven Stories with vaulted
ceilings and immense rooms. The plans
and specifications call for nearly a
thousand apartments, including suites,
single rooms, drawing rooms, lobbies,
courts, banquet halls, ballroom, modern
equipped kitchens and every possible
commodity that goes to make a COM
plete. up to date hotel structure, equal
10 any from coast to coast. More than
$4,000 viii be expended in marble and
ornamental grille work for interior fin
ishings.
According to the records of the board
of public works, nearly $4,000, 900 has
been expended in Oakland for build
ing improvements during the last four
years. Experts rate the figure as being
far too small because of realty improve
ments in the recently annexed territory,
records of which were not kept by the
board up until the time of annexation.
The figure representing four years of
active growth has been estimated upon
d conservative basis even as high as
$50 900, 600.
Building permits issued during the
week a again show substantial increase.
Following is the summary of permits
applied for at the board of public
works, as compiled by Secretary Wal
ter B. Fawcett, for the week ending
July 20: