Arizona republican., 1913-08-28
Gardiner Investment Com pany Will Today File Ar ticles of Incorporation With Skyscraper Business Structure Real Object
OCCUPY NEARLY
 ALL CITY SQUARE
Will Be of Reinforced Con crete and Work Will Be gin as Soon as Provision is Made to Secure Prop erty from Tenants

Phoenix is to have a skyscraping 1 business block rising twelve stories l above Washington street and occu- 1 pEing an entire city block with the 1 exception of one corner 75 feet by : 13412 feet. It is to be located upon 1 the block bounded by Second and Third streets and Washington and Adams streets It will replace the structures now occupied by the New York store. the Capitol Hotel, the Pettid Bakery, the George Hageman plumbing shop, two garages and sev- eral smaller frame structures The material to be used will be reinforced concrete and the. cost will be consid- erably more than a half million dol lars.
 In the office of the Arizona cor poration commission will be filed this morning articles of incorporation for the Gardiner Investment company, $l,000,000 corporation, which while in dicating that it's purpose is to "ae- quire by purchase and otherwise real. personal and mixed property in the city of Phoenix, Maricopa county, and elsewhere in the state of Arizona: and to sell and otherwise dispose of mortgage and otherwise cucumber. and rent, occupy and otherwise use and enjoy such property, and to erect and construct buildings, struc- lures and other improvements on the lands of the corporation, and alter repair and maintain the same" really as for it's purpose the financing and carrying out of the most gigantic building project in the history of the southwest.
 Plans for the proposed structure have already been drafted by Scott, Mcdonald X Hitchcock, local archi- tects, and these call for one of the handsomest structures possible to create from concrete, steel and brains These plans also call for the em- ployment of the Aiken system of concrete construction.
 Any attempt to describe the pro- posed structure al this time would be premature as the plans, while giving good idea of the structure as now projected, are far from complete and are subject to change at any time. The five named as the board of di- rectors pending the first annual meeting in April are unanimous i'll favoring the structure just as pro- posed by the architects but as other stockholders are admitted to the
 
 changes may be suggested and adopted.
 Practically the entire block bound ed as above described is available for the erection of the handsome struc- ture. There is the single strip of seyenty-five feet frontage on Wash ingtOn street. owned by w B. Lufty and occupied by the New Dennis building, the property of MT. Lufty. All but the Lufty holding was in cluded in the original Gardiner es- tate, of which Mrs. Laurabel Gardiner Hageman was the principal heir. Were it not for the fact that the New Dennis building has but recent ly been rebuilt and leased for an eX- tended period, efforts would be made to acquire title to that portion of the square and make of the building one solid block of concrete masonry.
 It is now believed that by the time the Korrick block is completed and the New York store has been moved to its new quarters, the new corpora tiOn will have progressed to that eX- tent that it will be able to begin some of the actual work. There are. of course, other tenants to be con sidered and it may be two or three years before the entire structure will be actually well under way. With site already available and small portion of the necessary funds all ready in sight. there seems. accord ing to the promoters, little or nothing in the way of the successful carry ing out of the project.
 According to the articles of incor- poration the amount of the author ized capital stock of this corporation is one million dollars. divided into ten thousand shares of one hundred
 Continued on Page Six)