New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-09

,;,veefOeDts in the great West size
~ 5sth street and south OF old Man
n.onvllle have been features OF the trad
";, the local market IN the last SIX
ncnths' ., ........o. g.. .roof
tive that renting conditions are excel
and that the majority Of modern
-.,,ment houses and hotels there are eX-
'Yctsd 70 return in the near future a larger
70 IN their owners OF course this
Ems higher rentals. as operating eN-
'..s cannot be reduced in order 10 IN
Sc profits without imrairing the ser
,o. given by experienced employees re
o,sibIe for the care Of the properties n
80, such employees, who are better paid
.v than they We're few wears ago.
s,on likely to demand and receive
,,rher wages ..... ............
whatever saving in maintenance charges
=. made will he mainly due. Il is thought
;, improved construction and more skill in
.,,.nsins floor plans and also by putting
:, houses with greater plot area.
yverywhere in the district land values
-. soaring. and as construction work is
.,.,lier rentals will have TO be advanced II
A.. drawing power OF the zone 10 investors
IA speculative builders and operators Is
:, he main tanned. That there will he no
,,v.r,ng OF realty vigor there is a GER
liny.
To thousands of investors the region is
rore enticing than any other section OF
m. greater city. They and large num-
yr OF other persons hold firmly to the opin-
the section in the last decade Will be
,,ipsed by the construction work to he
done there In the next twenty years.
This beautiful residential zone. which
contains more valuable. more modern and
hrger apartment hotels and houses than
sny other similar district in this country.
r,llsoon be tigeer and more attractive "a
home centre.
In upper Riverside Drive six big plots
lave been sold this year to spectators.
vho have either filed plans for erecting
large modern apartment houses on their
sites or will soon Go so.
More than twenty parcels in other parts
q, the district have also been sold since
January 10 individuals or building COM
t,nies. which propose to place OF the prem
,s, high class apartment houses.
From sherman Square 10 Cathedral
Parkway many bis builders are row busy.
and others will he active there before the
fell sessou.
For 8th street three apartment projects
have been planned.
Two OF the most important operations o.
the wear will he IN Central Park West.
tl,o
First Church Of Christ Scientist. Bing &
Ring bought some weeks ago a plot for
immediate improvement, and Al the north
corner of alst street and Central Park
West. 4 similar improvement is to DC made
By Edgar \. Levy.
Cost OF Houses Planned.
The total cost OF apartment houses for
which plans have already been filed IS
SsHHn One plan calls for the erection Of
Two houses in Riverside Drive. 225 feet
south of llath street. Zach house viii be
twelve stories, the total expenditure Tor
building being placed at $4,000. Those
houses will be put M by r. Crystal 6
Sons from plans by George ard Edward
Blum. architects.
\ SSp,pp investment III Inc ulSlil'l - "
be made by Charles +. McManus. He has
had plans fled for twelve story house.
10 be built At the southeast corner OF
9Th street and West End avenue. The
plans were drawn by Neville & Basge,
architects
Edwin s. Brickncr. Adam Goodman,
julius 7ichman. Jacobs Construction Com
psny. Harry Scbiff. Code & Cohen. Adolph
Hrshield. A J.. Mordecai & Son and
Brown Brothers arc also prominent IN this
work OF charging the apartment house
ard hotel area.
Some Of the BIG apartment hcnse prop
critics on the West Side from 5sth to 10Th
street sold in the last six months arc as
follows:
Roosevelt Court six stories, Nos. 225 10
2es West seth street, ScNlOo.5 feet TO Hora-
TO s. Wisner.
The Lafayette, six stories, on pot
Mllxe5 feet, at the southeast corner OF
nnh stree: and Manhattan avenue. TO
client Of Henry NJ Fitch. II was held at
$4,000.
The Cayuga, seven stories. NOS. 322 and
~ West SD street, TO Mary II. Lord. of
Pasadena. Cal She took II in part pay
ment for the seven story loft building Nos.