New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-18

ding If the overt,lres to purchase MaGi-
-, square Garden. The cost OF the pro-
$50 gigantic mercantile structure when
4. ~ rsplsce the historic building and the
81. will represent, it is said. an outlay or
c,,sssr,blv more than S2c0o.ooo. A tran
.,.so- involving so many millions ranks
=, o,s Of the most stupendous ever maze
a Cd Manhattan Island.
fno1estionably the largest SPECTATORS
ARE no doubts at all as 20 the future OF
4. ,sv-s~ and rapidly growing wholesale
s,s retail business bailiwicks OF old New
vo-k The outlook. according 10 them'
vas never brighter.
one sale which will mean an initial IN
r.s,r,snt Tor land and building Of a little
more than one-third Of the Madison Square
--o,ect was made last week. Tne trahSdC-
i'm was the purchase by a syndicate VI
10 Marshall estate property at the hortu-
~ corner Of S7th street and seventh ave
-s,as a site for twenty-four story no.
+ THE land sold for 81 $4,000 Thehosc
.-v VIII cost about s4.OC0.eo0. prominent
ar man has leased the structure from
No Mans for eighty-four years at a total
-sntaI for the term Of about SSo'co'ooo
II was long ago prophesied that this sec
I'm ~ seventh avenue would re one Oh
=. mos, popular transient hosiery dis
,,,.,. ~ the city. and ever since the open
NJ az the Pennsylvania station al 'ou
street and Seventh avenue. real estate
.brokers and many other persons idenuHeu
With the Manhattan market have Deen eA-
noting the launching Of big hotel proJec's
!, the zone.
There are already in the district num-
s-cs we'll managed and popular modern
bc.-,- Two or three years hence they VIII
,robsblv be only a small part OF an up
,ods,a hotel centre at that point
Broadway. from Greeley Square TO Times
s1.are Is 10 De almost entirely occupied
br d-vroods stores, according 10 experts
Therefore. this proposed greater hotei CEN
TIE will be bordered by the leading re'alI
t,ygoods and amusement sections, ana VIII
Be within a short distance or the ne"
Fourth avenue loft and wholesale and re-
I'll business bailwick. A few blocks south
a {, Is The PENNSYLVANIA station and a
siort distance east is the greater Orano
QniTal Station.
Popular investment Zone
ors NJ the most enhancing investment
districts is the central Fourth avenue.
lss, week the new Clarendon BUILDING
Gtae southwest corner of 18th street and
Yt1rth avenue. hgured IN a $4,000 trans
s-0n.
he Clarendon. a twenty story structure
ss1ed by Henry Corn, was oousht oy
AaNNs
Fzncls L. Leland. president or the Ne"
TEX County National Bank. as an invest
sri FOR his sisters. Miss Eufrasia Leland
az Mrs. Charles II Wessson.
IN part payment Mr.. Leland gave inc
sqthwest corner Of 21st street and Broad
ry, six story building, which was oc-
ciried by Park & Tilford previous 70 their
removal N Fifth avenue. This property
has a frontage OF H.3 feet in Broadway l2s
isst IN nst street, with a rear line OF ~
lset running within 81 feet Of Fifth avenue
y comprises a plot Of about 5000 square
feet
VI. Corn will erect on that site a twenty
story Office building from plans by NAY
neks & FRANKIE. The Clarendon was heiu
~ I,Jco0. and the Broadway ana <s'
''tst property was placed in the sale at
s'olt 100000. II is said.
N the central Fifth avenue zone Breariey
osaool sold the property az Nos. ID ana "
"es' 9th street. with a 5o-foot frontage
ne Douglas Robinson. Charles :. bro""
Oompany was the broker IN the sale
TIE property. which IS Us feet ives
mn avenue and adjoins the Berkeley IL
.4n on the east. has been held at aoou'
$40 The property will be Improved
We site is one OF the few reHalnihs
p9cels available for Improvement IN 4tth
'uers Club block" on this hloch' oe-
Ssen Fifth and Sixth avenues. are the
aares Of the Yale. the Harvard. the New
VIZ Yacht and the City clubs ana 'he
ne Association.
tne brearley School bought the propsiy
'o Several months ago the schooi pui-
=, new site consisting or Pho. 'sA
nset at the southwest corner OK FsrA
''ehus and slst street.
Overtures for Hoas Site.
81. was also learned last week that neso-
~'rs are well advanced for a SAFE u
,,' s property Nos. 9 and East 43d street
leet east Of Fifth avenue owned by
n Hosg and others. IL CONSISTS %
eve I'VE story buildings. occupying pio'
n. Feet diagonany opposite the Tenn
d, Esnanu-El.
a.. ''chard T. Wilson estate OWNS ''lo
AZ a southeast corner Of Fifth aVehue
4, ., street. with frontages of GIL Ae.'
Do, avenue and l5s feet in the street
ns,, opposite the Hoag property IL Inv
Usher. VI " Schirnis''
Tn.-. ~ Goldlns leased for Henry p'
s,sn.. frank Brothers, Of No. 22i rli'h
-, a4 kLoperty- No 6Ss Eth ayenue.