New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-14

An interesting announcement of the re-
| sale OF property along the line of the new
Lexington avenue subway was made yester-
day The property sold comprises the two
| four story buildings on a plot 5Ox9S9 rect
at Nos 12S and 100 East 2Sd street 20 feet
| west Of Lexington avenue. where there is TO
be a station of the new subway. The parcel
has been held at $3.50, 1000.
The site was sold by Charles Lane. VINO
acquired IL from Cornelia Prime last March.
The brokers In the transaction were Z. ii.
Ludlow g. Co.
Directly opposite at the northwest cor
rer of Lexington avenue and 23d street.
there is being erected by Charles Kaye a
sixteen story structure. the lower part OF
which is to be occupied by the Fifth Ma
tional Bank, now at Third avenue and Z3d
street Another building operation Is IN
progress TO the west, on the same block. AL
Nos. 115 and III, where Mrs. Dora Wheeler
Keith will erect twelve story store ana
loft building, on plot 56x110 feet.
twenty year lease, with two renewal
privileges. Of the Aston properties al Nos.
q to 81 West ed street has been obtained by
Edward Margolies. The lease covers three
five story buildings. each 25X9Ss rect, on
the north side Of $50 street adjoining Aston
Court and opposite the Builders Exchange
These properties. together with the $50
street half of the Waldorf-Astoria, were
transferred several months ago by William
Waldorf Astor to- the Farmers Loan and
Trust Company in trust for his son Wal
dorf Mr. Margolies said yesterday that he
contemplates no immediate change IN the
buildings on the plot.
The Bradley Construction Company. which
is building the Lexington avenue subway. is
reported to have purchased two dwelling
houses on the east side OF Lexington ave-
hue. between 69th and 10th streets. from
James McCabe 1t is said that the company
paid $40 900 for the parcel
Plans have been filed for the construc-
ton OF the new atlantic Theatre TO take
the place OF the historic Atlantic Garden,
for many years landmark Of the old Bow
cry The structure will be on the west side
OF the Bowery. fifty feet south Of Canal
street. extending through 70 Elizabeth
street. 1t will have frontage Of 100 feet
ard a depth Of 200.3l2 feet. An Office build
ing will be erected in conjunction with the
theatre and Will be eight stories high and
through which will be the entrance 70 the
theatre proper, which will be four stories
high The facade will be Of brick, limestone
and terra Gotta. ornamented with carvings
IN the stone over the entrance arch and the
copings. The seating capacity will be 734
in the orchestra. 445 in the balcony. 495 in
the gallery and 90 in the boxes. making
total seating capacity of 1,770. The stage
Will be sc feet wide by 50 feet deep. The
buildings will be freproof and w. II. Nc
Elfatrick, the architect, has estimated the
cost at S325.000
Plans have been fled for removing the
encroachments and setting back the show
windows of the Albemarle Hotel at the
northwest corner of Broadway and oath
street for the Francis s. Kinney estate at a
cost OF $4,000. w. T. Hemstreet is the
architect, and for making the same kind Of
changes TO the Stanley restaurant at Nos.
1904 TO 1910 Broadway 10 allow for the
widening of Broadway II will cost Edith
L, Schley. the owner. $500.