New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-03

The real estate market was enlivened oy
two important sales yesterday. The VIC
toria Hotel property. comprising the "hole
block front I'm 9th street between Broao-
way and Fifth avenue, was sold. On the
site is to be erected a twenty story once
building. The sale and the proposed ne"
structure. which are told about more 1u'iy
in another column, will involve about
$4,000.
The heirs of Trenor w. Park have sold
the property at the north end OF Columbus
Circle, lust back Of the Columbus Mohu-
ment which has remained In an unpro-
ductive condition since the structure on IL
was DESTROYED by fire about ten years ago
The property has frontage OF 1864 feet
In Broadway. ls5 feet in 6lst street lio'o
feet in Central Park West or Eighth ave-
nue. and 37.ll feet facing the Circle. Inc
estate 4. r.presented by Frederick b. Jen-
ninss, OF the law firm OF Stetson. jennings
e. Russell ard while no Information was
given out as to who was the buyer, "a re-
mort had II that 1t was THE New YORK
Herald" This report. however, was ne-
MED.
The block was originally improved with
thre. story building. for use as concert
enterprise did not pay. and the building
va. renoodeIlsd into skating rink, and
that. too, being a poor venture, was sunse-
ou.ntIv taken by the Durland Riding
Academy. which continued until about ten
wears ago. when the removal OF tne
acsdomy WAS enforced by reason OF hre.
which practically Quilted the building Hi"ce
that time the block has been fenced IN ana
Yielding no revenue. except from auFer'i'
ing privileges.
The Park heirs have had no hgure OF
their land. but an idea OF its worth can oe
had from the values placed upon the o'och
hv The cjtv's experts Last year the as
sessed valuation vas sl60'oo. and the ne"
FUN value assessment for this year places
the value at Sl,sooccl
Plans for the business building improve
nents on tho site Of the old Langham
Hotel. Fifth avenue. northeast corner OF
s9d street opposite the Nanderoilt dWellms
houses. arc being prepared by John H.
Duncan. who has been retained as aren't
tect by the combined interests now holding
tho property M fee and leasehold.
The corner plot. J0xli5 feet. owned by
client Of Albert 6. Milbank. who took utis
recently. will he the site Of an eight story
once building 10 be erected for the Lease
holders and Investors Association. repre-
scented bv Robert T.. Bowling, which mas
obtained = twenty-One years lease, with
privilege Of two renewals for similar Terms.
The remaining section of the Langham
site comprising 2 frontage OF Cos feet on
fifth avenue. with i5-foot outlet in 52d
street. and depth If 150 feet, owned by
tho Henry Philips estate. will be improved
from plans by he same architects with an
cisht story loft structure
The remainder Of the block front 10 sd
street is owned by Edward Holbrook. OF
the Gorham COMPANY. He has also had
plsns completed by g. II. p. Gilbert for an
eleven story structure. designed for high
class lofts and offices for tenants who de
sire To- get away from the swestshop district.
Nj. Holbrook hac appointed Albert f. Ash
forth agent Tor the proposed structure,
which will be ready for occupancy carly
next spring
Plans have been filed for making over the
four story private dwelling house at No.
a, East 18th street into a hospital for ST.
Andrews Convalescent Hospital at cost
of $500 r. Auchmuty Van Houtcn Is thc
architect
Plans have also been filed for remodeling
'he main entrance With artificial brown
tone # the i've story private dwelling
house ol Mis-. Benjamin Brewster. at No.
'a5 r'if;h avenue. 1t cost of $1,000. ste
Ihcnson & Wheeler are the architects.