New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-18
In Centres Where Buy ers.
Builders and Agents Meet

modern progress. even IL he has to win
on a foul. and this is something qu'e
typical OF him at his worst
THE modern skyscraper, however
backed by modern subway transpdrtati"n'
has changed all that
To-day the absentee landlords throre
e. topping lis income shrinking. has ten
ants DESERVING him. and his trustees and
agents running about IN a pnnic.
"Absentoc,sm and autocracy no longer
pay. even in crowded New York. for mod
crn methods have been applied in THE
field. as in every other. and nowadays the
landlord must give his tenants genuine
service for rent
What viii be the future OF Foucth
avcuueY That IL question which hun
dreds OF spectators and investors arc
trying 10 answer"
Tho Real Estate Record and Guide
says on this important subject. IN part az
follOws:
The recent erection Of a number 4
large loft buildings on Irving Place sug-
gests that these improvements like the
earlier lofts ere, on Fourth avenue.
near 18th street. are prophetic ~ the fn,-
ure Of Lexington avenue. at least from
go street 10 Gath street. ana this sugges-
ton probably looks In the right dire,-
ton.
yet there are conditions which make
Lexington avenue less available FOR this
class OF Improvement than any avenue be
tween Eighth and Third. sixth avenue
only ~. ted
In the first place, az compared with
Fourth, With. Seventh and Eighth ave
nues. 1t is only eighty instead Of one hnr-
dred ieet wide, and II II were lined
with sixteen story buildings the lower
floors would not be- any too well lighted.
In the second place, as compared with
Madison avenue. which Is only eighty feet
wide, ii has the disadvantage OF trolley
! ears, which would congest traffic and EN-
barrass the loading and unloading OF
trucks The cars on Seventh avenue are
less troublesome, because the width Of
the avenue allows plenty OF room for
/ traffic between tho tracks and the curb.
Another disadvantage from which Lex
ington avenue suffers X that It has no
direct connection on the south with a
thorous hfare that leads all the way down
| town. 1t ends now practically at I'D
street 1t could be extended TO 18th street
by cutting through Creamery Park but
even then 1t would still end In a brick
wall
Eventually It may be cut through to
| Fourth avenue, but this Improvement.
while il has frequently been discussed Is
not likely to b. undertaken In the near
{ future.
such disadvantages will not, Of course,
prevent the eventual Improvement OF Lex
, ington avenue from 23d 10 34th street
| with loft buildings. but they are likely to
: cause some delay, and they will make Lex
iugton avenue rather less valuable for this
class of business than arc the other com
pcting avenues
The real estate fraternity was well rep
resented a week ago last Saturday at the
festiy tiles held at White Plains to com
memorate the formal opening OF the New
York, Wcstchestor & Boston Railroad to
that town.
If you were not there you missed rare
opportunity to inspect in the company OF
experts the added attractlveness Of one OF
the most beautiful suburban sections OF
the metropolis, largely due 10 the building
Of this road
Some oldtime operators who spent the
day IN White Plains said that this
great county seat OF Wsstche9teg' wiz
q pOpulatio OF about lt.OOD, had more
realty vigOr than the majority OF cue
Of similar size. ~ haven't been up thi'
{ way in nine years and | am ainios y
One OF the veteran Manhattan specu-
latOr. There were about 5000 persons
living here then. and now ! am toid the
population is double that NUMBER
builder who has made some profitable
Investments here said TO me rev rao,
ments ago that White Plains Is destined
10 be one of the biggest and most thrnv-
Ing railroad terminals north Or New
York. I CONCUR ] have just seen mps'
of the principal business and nome ave
nues of the town.
"This Is truly a picturesque ana aus
Ting place OF unique STONED hea!tpiuI'
ness. Most OF the little tots saw
looked very rugged, and few OF tue
fathers and mothers looked as ~ they
did not poshess good health,
"The splendid rapid transit INES
which have recently been added To the
al l-steel highways between White Plains
anG New York are. bound to cause q
quick upward trend of values. l nrmly
think that by 1920, or eight years hence
White Plains Will have d population oil
40, 900. The town will then be bigger
than Newburg and many other nearby
cities