The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-04-14
BON MARCHE
BUYSABOVE
PINE STREET
City's Retail District Is
Spreading Out; Many
Great Building Projects
Announced.

Announcement OF the proposed re
moval Of the Ron Narche north OF
pine st. and the construction OF a
building 10 cost si.Go0,o0o on the
block fronting on Fourth aN and
bounded hy Stewart aud Pine SITS.
Is today the subject OF koenest eN.
element among real estate ana
financial men in the city.
The move. besides creating real
estate furry unegualed for the past
six or seven years, is particularly
slqnlflean, because Il means BODY
blow 20 the landlords trust OF Sec
cnd av.
II means that the retail district OF
Seattle is moving north and spreaa'
Ina out. and will free Itself OF the
aouelnq rentals Of Second aV.' which
have been netting the landloras
combine about s25 per front foot
per month.
The Bon Marche people Intend to
begin work on their new building
within a few months. Six separate
purchases were negotiated for the
seven lots on block Sc OF 4 \. Den
uy's addition. the total running up
close to $3.50 GOO.
TWO Companies Active
Already the BON Marche plans
have resulted in large realty deals
on Fourth av. and a number OF IN
yestors have reaped handsome Tor
tunes during the past two week'.
The Bon Marche also purchased SO
feet OF frontage on Third aV. TO
give IL an entrance on that street.
John Davis 4 Co and Henry Rro-
derrick Co. Inc. negotiated most OF
the deals the former company alone
effeeting the exchange OF slso0O.ooV
worth OF property. The Frederick
company Is said TO have negotiated
realty deals amounting 20 SooO'ooV
Besides outright purchases. .
great number OF options on Fourth
az. and Third ay property have
been obtained The Metropolitan
building Co. announces the erection
Of a hnlf-milliou dollar theatre al
Fourth av. and University. To oe
leased 20 J. King for 20 years ne
theatre. which has been financed by
Alaskans. will be a strictly uPto-
date moving picture house. TWO
stories high. and equipped with
roof garden. ,
The stone G Webster interests al
so announce the erection OF new
depot for the Everett interurban, 70
te located in the vicinity OF sixth
az. and Olive St
Big Railroad improvements
ouite spart from the real estate
furry on Fourth av. comes the FUR
4hsr boom in the realty market
through the announcement that the
Chicago. Milwaukee & St faul
intends to make Seattle It's western
terminus and plans improvements
on its Lake Union property.
branches to the Olympic peninsula
and other extensions that will
amount to millions OF dollars. The
improvements contemplated VII IN
elude docks. freight sheds. YARDS,
storage houses, etc.
Officials Of the company are max
ing their annual inspection In Seat
tie today. The party arrived sun
day and includes President ~ J.
Farllng OF Chicago. Percy A. Rocke-
TELLER. New York. chairman OF the
executive committee; John D. Ryan
Of the Amalgamated Copper Co..
NJ. Hebgen OF Butte. president OF the
Montana Power Co: S. F. Pryor OF
ST. Louis. Ray Harris OF New YORK,
lawrence Fitch OF Milwaukee and
DIR. James c. Greenway OF New
York
A new transcontinental train VIII
be put on after May /. making the
third on the Milwaukee line. TO take
care OF the increased business In
the Seattle district.