The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-24
HEALTHY OUTLOOK
IN REAL ESTATE
Noticeable Revival of Exten-
sive Building Activities in
Heart of City.
LOTS CHANGE HANDS
Improvements on Streets and
in Subdivisions Provide
Much Work.
LOTS CHANGE HANDS

With local inquiry somewhat
stronger than usual, outside demand
quite up to the standard and increased
transactions either consummated or in
sight the real estate dealers Of Salt
Lake report that the past week S busl-
ness has evidenced more than healthy
outlook, although the market was with
out exceptional features.
The apparent stimulation is said to
be due to a number of causes. chief
among which are easier money, in
creased circulation, low mortgage rates,
absence of speculative undertakings, a
partial revival of extensive building
activities and an active renewal OF
both public and private Improvement
projects
For the most part the different deal
ers of the city report sales lists
above normal. both as regard money in
volved and the number of transactions.
These lists include the names Of many
local people who have purchased lots or
properties for home building purposes
in the more popular residential dis
trcts of the city. Outside inquiry has
also been more promising than usual,
resulting in a number of deals.
A visible renewal of building opera
tions on such structures as the New
house hotel, the Auerbach building and
many other close-in buildings, also the
carrying out of municipal building
projects. individual improvements and
spirited undertakings launched by real
estate firms. are said to have estab-
Hshed better feeling among repre-.
sentative buyers and investors, who are
beginning to hold that values will not
remain steadfast at their presnt figure
forever. and who show a tendency to
take advantage of present opportunl-
ties.
Work on Douglas Park.
The firm of Meeks & Mccartney has
lust placed with the city Il $4,000 bond
for the faithful performance of the
S30,000 contract recently let to the
Gill1erson Construction company for the
curbing, guttering and establishment
of paved sidewalks throughout Douglas
Park, in the southeast section Of the
city. 1t is announced that this work
will start Tuesday morning. when q
force of 100 men Will be put to work
TO complete the project. On Monday
morning Raleigh & Harmon will put
fifty teams at work on Fifteenth East
street, below Douglas Park, to do the
grading and preparatory work neccs-
sary for the Fifteenth East street car
line, which is being rapidly con
structed
The rails Of this new line are now
laid to Thirteenth East street on
Seventh South while the big steam
shovel is at work preparing the course
along Thirteenth East street 20 Ninth
South. This work is now nearly com.
pleted, and the line will extend east
through Douglas Park to Fifteenth
East street on Ninth South, and thence
south to Twelfth South street.
Monday morning an additional %
teams will be put to work by Reed &
Mckay to finish the grading on the
seventeenth East boulevard, This will
complete the preparatory work for the
curbing, guttering and cstablis hment of
sidewalks in Douglas park.
Long Stretch Of Paving.
p. j. Moran, contractor, is now fin.
ishing the paving Of Ninth East street
from its prevent paved terminus to
Twelfth South, which will make Ninth
East street the longest single stretch
of paving connecting with the business
center. The dirt and gravel taken from
Ninth East street is being used to fill
in the bed of the old Parleys creek at
Twelfth South and Eleventh East
streets, which will complete and widen
the Twelfth South boulevard. En-
ployees of the city surveyor office are
also commencing work on sidewalk ex-
tension No. 15T, from the Sugar House
corner to Highland park. where the
Kimball & Richards company is about
sidewalks of that popular addition.
The excavation for the basement OF
the new high school building has now
been completed as also the attractive
campus site, Work on the construction
is 10 begin al once, and will be stead.
lily maintained until completion, Further
out on the east bench the Fort Douglas
and military reservation improvements
| including the proposed long drive
through parked surroundings now seem
assured.
On the northeast bench, residents arc
anticipating the erection of the next
new public school building at Tenth
avenue and d street, by improving
their properties and frontages in diver:
ways. Along Tenth avenue from {
| street to ID. property owners are park
| tifying the thoroughfare.
Improving Subdivisions.
In such subdivisions as Progress.
heights, Liberty heights, Poppertor
place, Federal heights. Westminster
nelgnrs, MofHlnpslte audltlOR ana olheI
residence tracts, important improve
ments are either under way or contem
plated. In the city Office space is fill
| ing up, inquiry for factory sites and
building corners has been felt. while
the approaching erection of the Walker
skyscraper leads in the list of building
activities in view in the business cen
| ter.
With these conditions existing, Ia
which many municipal, private and cor
porate enterprises may he added, the
real estate world OF Salt Lake appears
/ 10 be more than active. Dealers de
clare that the pessimistic view of cover
building has become thing of the