The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
Dealers Report a Number Of
Large Deals Pending, With
Brisk Demand.
HOMES ARE IN DEMAND
Promoters of Subdivisions
Prepare Plans for Expendi-
ture of Vast Sums.

Real estate is now entering into the
period of carly revival in all lines that
has been the hope and expectation OF
small and big dealers alike for several
months. A number Of large deals in
close-in property are pending and In
ouirv in all branches Of the trade have
not been so numerous in many months,
according to dealers. Continued mild
weather and promise Of au early spring
have brought nearly all dealers to their
feet with a decision TO ''call of'' the
winter spell and renew the carrying out
Of vast improvements planned on all
sides. One large firm announced that
during the past week it bad cXper-
fenced better business in all depart
ments than during the last four months.
The movement to expand the. retail
district to the vicinity Of State and
Third South streets continued to be
stimulus in real estate circles and
those firms dealing in central property
were busy with inquiries and PROPOSE
tions of prospective buyers and invest
ors. Values on State street showed
tendency to adjust themselves in bet"
ter proportion to the prices that have
long prevailed along Main street. and
the promise of an expansion OF the
business center has imbued merchants
and real estate men Of all classes with
new hope and optimism.
Two Big Deals.
During the week the j r. Walker es-
tate disposed Of its property at the
corner of Main and Third South streets
TO the Walker Bros. Dry Goods COM
panv for consideration Of 1915, 200,
The dry goods firm has for many years
occupied the premises under leases run
ming from year 10 year. The Taylor
Armstrong Lumber company, which dis
continued business, also sold It's prop
erty on West South Temple TO David
Eccles, Theodore Nystrom and Isabella
s. Armstrong, in three equal parts, for
considerations of about $4,000 each,
While these were the largest transfers
recorded. number Of other large deals
are pending. and are expected to be
cousummated within the next few days.
While these changes have been go
ing on in the central district. forecast
ing future Of development and
growth. home building, land sales and
vast improvement plans have been ma
terializing in the residence sections FAR
tber out. Aside from record brea king
list Of inquiries, many lots have been
sold within the last week and actual
work on the erection of q number OF
fine new residences was begun. Almost
without exception those dealers pro
noting big residence additions are
planning carly commencement Of work
last summer, and many new plans Tor
wider development are taking form.
Brisk in Subdivisions.
In Highland Park alone the total
amount represented in improvements
begun and planned for this year at this
date will aggregate 100000. OF this
sum- 100000 is represented IN five
foot cement walks Street grading will
be done TO the extent of $4,000. As
curbing and guttcring progress, the
plan of the klmball s. Richards com
pany to plant 1000 shade trees will be
carried out, Most OF these trees have
already been set out, and an up-to-
date nursery has been maintained to
provide other trees to replace those
that had no successful growth during
the winter. Many new lots have been
sold in this addition, and four new
houses of modern type are going up.
The Hubbard Investment company
Douglas Park, are about to resume the
grading OF streets and curbing and
guttering in that section. Shade trees
will be planted and city water mains
will be laid. The Fifteenth East street
car line is now completed to Ninth
South on Thirteenth East Work will
continue until the line reaches its ter
South, by way of Douglas Park The
survey for the car line over She ap
proach 80 Highland Park has also been
completed.