New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-23

IA and 11G adjoining. The parcels make
n plot Of 1900 square feet. loft ana
office building is to be put up there.
Towering sixteen stories above the street
level and occupying a plot opposite Gimbel
Brothers store is to he a $4,000 mercantile
structure So far this is the cOstlcst I'M
rrovement Of it's kind planned for a site
In the zone 3his year. The plot fronts 7olo
fcct both IN 2lst and sgd streets. 2pl3
feet west Of Broadway. It's depth is 1916.
Tho building will be erected by the Cuyicr
F.aIty Company. Of which Lotion II. Siaw-
eon is the head Nj SlawsoR and his aSso-
ciates bought the property several months
ago from the Alliance Realty Company
through y L. Mordecai q Son.
Another notable addition to the district
will be the twelve story loft 10 be erected on
the premises Nos. g 10 Il West 18th
s,rcettby the Hasco BuildinG Co. Of which
IorinsA. Scott IS the president. Tie com
bany' recently bought the site through lurcy
& col from Hugh J.. ORe.lly. Il is said
mat it will De occupied by Catholic book
and supply house. According TO Wei
founded reports, quite a. large number Of
Catholic publishing houses VIII soon have
homes there.
New Retail artery.
Still another big project, which virtually
will be q part Of the great Fifth avenue
retail shopping district. is the twelve story
loft TO occupy the premises Nos - and 4
West sSth street. with a frontage o. %
feet aud depth Of $50 feet. 1t VIII DC
erected bv the Harvard Realty foustruc-
eonl Company Goldberg & Kramer which
Sought the premises late last spring from
Hcilncr & Wolf. Negotiations were prac-
tlcally completed recently for the rcaal" OF
the plot and proposed building 70 Arthur
Frankenstein.
The best proof Of tho really strength Or
any district IS the ready market Tor its
improved properties % investors ana TOT
its old structures and vacant sites TO spec
ulatiyc builders Such a market IS one o.
the features OF Manhattan trading IN
portaut sales and rcsales there have u'eh
i-portcd in every week since the lattci
h. - April Whatever doubt there was
q 20 the region being made quickly salts
hC'orv TO investors has disappeared uclore
Splendid re.ti-r conditions and = firm fan"
rcgarjinc future realty OpcrrASds.
sOac q d., most imr"r'r.t recent trans
actions In the section was the sale by the
puross Company, for tho Thompson estate
10 the Monahan Express Company, OF the
Greenhut- Siegel Cooper Company BUILDING
No. 81 TO .25 West l7th street and extend
ing through the block 10 Nos. ZIG and 2lS
West 18th street, on q plot 5JXlsi feet, to-
gother with the premises NOS 20 and ~
West 18th street. 50xli2 feet adjoining Oh
the west. ON the 18th street side OF tho
property a twelve story loft building will
b. put up
The St. Johns Park Realty Company be-
oime, q few weeks ago the owner Of the
Sluett Building. a modern eleven story
mercantile structure, No. 10 10 q West
Tth street. and extending TO No. % 70 IS
West 18th street on plot s9xlA feet.
Oscar Wilgerodt recently sold the six
story store and loft building No. i55 TO I'D
West nth street. on Let G5:22 feet. be-
tween Sixth and Seventh avenues. William
J. Hosenfeld the buyer. gave IN part pay
rent four lots at t4ie intersection OF l53d
street and ST. Nicholas Place The prop
erues In the transaction are said to be
worth $1,000
4 18th Street Project.
twelve story structure viii soon be
punt on the premises Nos. l5i and l53 West
Fth street, 46x90 feet by tie Tessler Build
ing company. which recently bought the
cite. The construction concern gave In ex-