New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-03
Site Chosen Supei bly, Located
North of Brick Church
Transaction Followed
by Speculative Buy
ing in the Section.

The leasing Of the Burton property In
Fifth avenue last week by the drygoods
house OF Lord & Taylor was not only one
OF the most important transactions OF this
wear. but in the history OF New YORK.
| For the development OF this great depart
ment store from little shop at No. a
! Catherine street, which was opened by
! Samuel Lord aud George Washington
TAYLOR in 1896. forms a, record In the
annals OF mercantile growth in Manhattan
OF which every person IL proud
The details OF the leasing OF the Burton
property were printed In The Tribune
last Tuesday The site chosen by Lord g
TAYLOR for it's new home is on the west
, erly side OF Fifth avenue between SSth
and 29th streets.
ON Wednesday. the day following the
announcement Of the plans OF the dry
| goods house there was a volume or spec
Native buying I'm 3sth ard 3eth streets
lust west Of Fifth avenue. 1t was the
largest in that section in years.
These SPECTATORS know that scores OF
owners OF high class little shops will
want 10 be as near to Lord & Taylor's as
posslble. and resales Of their sites for
such purposes will net the realty traders
1 large sums.
More similar sales were reported on
Thursday and many more are expected
I'm this section i'm the near future.
I, was learned on Thursday also that a
station Of the Sixth avenue IL" is likely
10 he built at 3Sth street, and the McAdoo
ctr nd Ep1lrt n
avenue will have a station I'm Sth street,
too
The plot on which the new home for
Lord & TAYLOR will be built has total
area Of g. 600 square feet. II has 'front.'
age of 80 feet on Fifth avenue, 2tO feet
on 18th street and 100 feet on seth street.
Frank V Burton and John Howes Bur-
ton. the owners OF the land are of the
well known drygoods firm Of Burton
Brothers. at No. 3A Broadway.
II is rather singular that the oldest
retail drygoods firm in America should
find It's landlord one Of the Oldest whole
sale drygoods firms, from whom it has
purchased goods for many years. and
Furthermore, that the Messrs. Burton
should have been stockholders in the cor
poratlon Of Lord & Taylor for some time.
Burton Brothers Innings have been pop
ular for many years. Their business in
other drygoods lines has grown rapidly
In the last decade.
Lord Il Taylor will il the building can
| be completed early next fall, take pos
! session at that time. The drygoods
house. however. has every expectation in
| any event Of opening the year 1914 In the
new building.
! The structure will be, as previously re-
ported. ten stories above street grade,
with basement and sub-basement.
| 4 special entrance IL planned 20 bring
men customers directly into the depart
ments in which they will be interested.
The building, neiless to say, will be
| drcproof Floor coverings will be as near
| ~ dreproof as possible Moreover, they
will not tire the feet of customers who
wish TO spend many hours in shopping
\ vcntilating system is proposed which
will change the entire cubical contents
of air every fifteen minutes. Special eff
forts will be taken To make this store
proof against dust. etc. Consequently
some novel features are in contemplation.