Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-04-25
FUTURE OF WASHINGTON ST.
Prosperous Phoenix Mer-
chant Already Under His
Own Roof Invests In An
other Business Property
on Washington Street.

Now that agitation has given way to
business activity, The Republican is
enabled to announce one Of the largest
transactions Of recent years in Wash
ington street. inside, business proper
ty. p A Tharaldson has bought the
Thibodo block, on the south side Of
Washington street, adjoining the POr-
ter block, which corners on the street
intersection marking the geographical
center as well as the business center
of Phoenix. The purchase price as
near as could be ascertained approx
mated $4,000. The property was
bought Of Mr.. Tharaldson of Mrs.
Lewis. an heir of the late o. ]. Thi-
bodo, who erected the building a num-
Der of years ago.
The building is a two-story brick
structure. the two stOrerOOms on the
ground floor being occupied by the
French Kitchen and the Washington
bar. and the second floor being devoted
to the purposes of a lodging house Mr..
Tharaldson was asked if the change
in ownership meant any immediate
change in occupancy or remodel.ng. He
replied that it did not, at least for the
time being as the building is under
lease to satisfactory tenants at good
rentals. The purchase was made sole
ly as an Investment by one of the city's
most successful business men, whose
faith in the future Of Phoenix in
creaSes with each passing day and
whose faith in the future of Washing
ton street as the permanent principal
business street Of the city is mistaken.
As to future Improvement of his new
property. Mr. TharaldsOn is now now
prepared to state anything. as any
plans he has are yet hazy and indefin-
ite. He hopes that eventually the deal
will lead to the erection of fine block
that will perhaps involve neighboring
property also, but those are matters
for later consideration. The present
building is a good one and a : an in
vestment appeals strongly to Mr..
Tharaldson. who is willing to let the
future take care of itself.
These are not the idle words of
mere booster. but Of a man Who has
been identified with the business in
terests of Phoenix for many years and
who has quietly acquired all the Phoe-
nix property ne could get hold Of and
whose faith in the future grows with
each passing day. 1t is indicated by
his own quiet investments rather than
by his public utteranees. Some three
or four years ago ne bought what is
now known as the Hub building. which
houses his own store and which is
two story brick structure on the north
side of Washington street, almost Op-
posite the ThibOdO building Mr.
is also interested with DR.
Win Wylie in the ownership of some
three or four blocks on East Washing
ton street that is not yet business
but they have faith that it
will be ere many years have passed.
All that Mr. Tharaldson is sorry
about is that ne is not able to buy
three or four more big brick buildings
in the business center. He has con-
fidence enough to buy the town, but ii
takes some cash along with = and he
has done pretty well as il is. 1t has not
been so many years since he occupied
a small rented storeroOm a block west
of his present location, and though that
was in the dull days of the valleys
drOuth he has kept hammering away
at the Phoenix game all the time and
very effectively. 1t looks better to him
now than it ever did, even if it does
take more money to get in. hr
realizes that he can't buy
the whole town. or even Washington
street. or more than a small part of it.
While pinning his faith to Washington
street as the permanent business cen
ter however. he knows that business
will not be confined to that thorough
fare and advises the man with money
to buy in the next best place if he
can't buy on Washington, for Phoenix
is going to grow and will spread in all