Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-04-23
A MILLION SPENT IN
NORTH BENCH HOMES
Nearly 100 New Buildings Have Gone
Up I'm That section of
salt Lake.

over $1,000. OOO according 10 some OF
the best informed realty men Of this
city. has been expended I'm residences
on the north bench during the last y
months In that time it IS estimated
that between 800 and 900 new buildings
have been erected In that part Of the
city. and these buildings range In
price from 5000 up to as high as SiO,-
OOO
I'm 1897. a few years after the boom,
prices Of property in that quarter OF
the city dropped almost out Of sight:
there was no demand and the property
lay as n dead. and the reaction has
been disappointingly slow up 10 within
three or four years ago, when there
came "a change. and the prices have
gone upwards IN leaps and bounds.
During the last year they have adj
vanced probably not more than 20 per
cent and yet the prices Of lots up there
are considered stu low as compared
with those Of residence property in
other parts Of the city. The elevated
site, out Of the smoke and away from
the noise Of the city, and yet enjoying
all city comforts and conveniences, such
as city water. electric lights, streetcar
service and store delivery, make Of the
north bench a particularly desirable
part Of the city In which 20 spend half
ones time every "A hours OF the day
Lots can still be had up there for as
low as $500, these being the less de
slrable. far up on the hill, with north
frontage. But lots on the north bench
do not mean 25 feet. but 40 TO Az feet
frontage With south frontage, prob
ably none can be had even as far north
as Thirteenth for less than 500 to $500.
West and cast fronts are sought after
almost as eagerly as south fronts.
The south view up there, especially at
night. is unique. with its double firma-
ment as Il were, the thousands OF
starry electric lights stretching out at
the foot Of the hin like a second heaven.
LIMITED SUPPLY OF LOTS.
Another feature which will aid ma
terialy In the advancement Of the
north bench Is the building of the pro-
posed 100000 public schoolhouse near
Tenth avenue and + street This big
modern school will induce many fami-
lies with children TO locate in the vi
clnity. The operation Of the streetcars
on Ninth avenue gave the north bench
another boost this spring.
one more reason why lots command
higher prices UP there Is on account Of
the limited area, which is not more
than half a mile in width by mile IN
length. This limited supply OF a neces-
sity follows the old law OF supply and
demand, a short supply invariably
causing a rise I'm price. The intrinsic
value Of the lots may be not a whit
better than IN other quarters. but ths
fact that the limited supply doubles OF
trebles the number Of buyers ever has
an upward tendency. and yet present
prices are said by conservatives 10 be
cheap compared with what they will be
by fall Today there are not less than
40 new houses in course OF construction
north Of Eighth avenue. and a great
many more are in contemplation. Dur
ing the past year one firm alone, the
Salt Lake Security & Trust company
has erected over 40 buildings In that
part Of the city That means an in
vestment in buildings alone Of 100000
or over The Goddard Investment COM
pany has built a large number Of resi-
dences on the north bench. also Both
OF these firms have numerous build
ings now partly constructed, and many
more about TO be built.
At present the Goddard company Is
building a $1,000 home on Ninth avenue.
between F and G streets; two 81, 900
bungalows on Ninth avenue near X.
Gray and Grosh Of the Modern Home
Building company are now constructing
at a cost Of near $4,000 FIVE modern
houses near J and Ninth. Mr. Guio Il
erecting $1,000 home on Tenth. be-
tween II and / streets. At cost OF
near $4,000 tho Goddard Investment
company Is erecting three residences
near II and Eleventh. and IL opening
up a new tract on Twelfth avenue. be
tween / and j. They have a definite
promise that the electric lights will DO
carried north Of Tenth avenue present
ly. the city water already being up
there. This same company IS building
a modern home on the corner OF G and
Eleventh, To cost a. 600 Mr. Bailey. on
ID street. between Eleventh and Tenth.
IS building a 5000 house. on the cor
ner OF ID and Tenth. Mr.. Colt Is also
doing some building, 10 cost about 81
900. In the old mission style. a store rs
now In course OF erection on tho cor
ner OF X street and Ninth avenue,
which Will be much IN demand In that
rapidly populating part Of the city. l..
Snow and l.. Snow, Jr.. are building on
Ninth, between X and L. and two
houses on X street between Eighth and
Ninth. each 10 cost about 800 Way
up on Thirteenth avenue. near u.
where there Is 5000 building restric-
ton. the Goddard people last fail built
one handsome residence. and now have
two more on the way.
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