Newark evening star and Newark advertiser., 1912-07-06

4 Newark stands second TO none IN III
A study of the question easily ex
plains the phenomenal growth OF TN
CITY during the period specified. F'irs
and foremost Newark has been *
easily within the zone of metropolitan
development that along with its many
other advantages it has naturally oc
cupied a strategic position in the rea
estate field of this vicinity. Funda'
mentally. of course, the city has beer
prosperous through the activity OF ltS
Industrial and business interests. A
normal development may at all times
be anticipated under like conditions
But Newark's wonderful real estate
growth goes deeper than that.
A fortuitous combination of circum-
stances, backed up by industrial ell
cheney and business progressiveness. Is
Responsible for the situation. No sim
gle element could possibly have
created SO wide and far-reaching an
effect as is observed in the cftys
growth as a real estate investment
+ centre.
~ 1t is automatic that an increase OF
population increases land values.
b Men with capital who watch the ad-
vancement of communities saw clear
<<.1F a quarter of a century ago that
Newark was destined to be one OF
the great leaders among progressive
Eastern cities. This was at time
when it was so overshadowed by the
potency of the great metropolis that
the majority of its citizens gave but
little thought to the day when con-
ditions would be radically changed.
The keen minds of the ten, fifteen
and twenty years ago read Alright the
signs and symbols that pointed un-
: erringly to Newark's increasing i'm
portance. They saw that ultimately
the masses of New York city and
Brooklyn would discover the extraor-
binary possibilities of Newark and
its surrounding territory. They saw
that the population of the metropolis
was increasing at a greater ratio than
the means for distribution to the out
lying sections were being provided
In due time the advance guard of
those seeking pleasant homes at mod
crate cost made itself strongly felt
hereabout, and the migration began
that has been one of the prime fac
tors in making Newark known not
only as a manufacturing city, but as
one of the leading residence centres
in the United States.
An advantage that has been en-
1oyed by Newark and which has had
q large share in attracting attention
to it is its fine transportation facil-
aties. f
We Americans are nothing if not
travellers. Newark had always of
Rered until the New York subway
was built infinitely better means of
transit for those living in Newark
and doing business in downtown
Manhattan than New York afforded
to its own residents who desired to
live away from the hurly-burly OF
the business world.
And in the development of the out.
lying sections of Newark due credit
must always be extended to the
great railroads, which have by their
enterprise and liberality done so
much to make easy the journey be-
tween home and office, and thus
strengthened the demand for residen-
tial properties, with their consequent
enhancement in value.
Today one of the chief reasons for
the continuous increase in value of
practically all realty within the city
boundaries is the comparatively small
area yet undeveloped. Too much
emphasis cannot be laid upon this fact
bv those who are interested in buy
ing real estate. In Western cities,
for instance, and in many Eastern
ones. also, enormous tracts of unde-
yeloped land lay both within and
without their boundaries, furnishing
q constant supply of cheap land for
all purposes.
The very reverse is the case hereN
Not only is land growing scarce with
in the city limits, but much of it
3ust outside is preempted for various
objects in the growing municipalities
that surround Newark. 1t can be said
without a shadow Of exaggeration
that real estate will never at any
future period find equal opportunities
for judicious real estate investment
as is offered under present conditions,
Another factor having a direct bear
ing upon property values is that so
large part of one section of the city
is meadow land. Nor must it be for
gotten that parks and Fairgrounds
are large and numerous and this land
being taken out of the market has a
naturally accelerating effect upon the
values of others
Newarlz's real estate development is
to large extent peculiar in another
way. Most large cities increase their
population and area from time to
- tn
nicipalities Newark has pushed itself
out until it has reached on all sides,
with the sole exception Of the
meadow-land section, the limit of ex-
tension within its confines.
The next step will certainly have to
be the Incorporation of a greater
Newark In the meantime, however,
the immense internal development of
the city will proceed cumulatively.
Small investors by judicious manipu-
lation of the facilities offered for real
estate development will be able to
make good profits; home buyers will
find ideal security in the investment
Of their savings; capitalists looking
for adequate returns on large sums
safely invested will be tempted by the
possibilities inherent in downtown
business property and at the points
in different sections of the city where
new bushes centres are being Gre
ated: builders and architec'6 will reap
natural harvest through the con-
tinuous increase in population and
consequent need for more housing and
business accommodations.
These are the more general facts in
the real estate development of New
ark. They shed light ON part of the