Evening journal., 1913-04-19
INCREASE In
VALUE OF UP
TOWN REALTY
Dupont Building Proves
Splendid Investment to
Many Interests
TALK OF THIRD
ADDITION TO PROPERLY

Never before IN the history of the 4
city have property values increased in
so short a time as they have in the
vicinity of Tenth and Market streets
Beginning with the construction OF
the DUPONT Building, several years
ago, property values there have been |
on steady increase, and In the last
year, have gone up In leaps and |
bounds. At the time of the erection |
OF the dupont Building there were
many people In the city who laughed |
at the project and said that Il would |
never pay. Since then two additions |
have been added to it, and the build
ing Is now crowded to the limit of it's
capacity with part Of the new hotel
also being used for Offices. With the |
building Of the hotel some people |
were even more skeptical about il |
than they were of the success Of the |
Office building project, but it has
proven a grand success IN every way, |
and Is on a paying basis Real estate |
men say that this building increased !
the property values in that vicinity
fully sixty per cent Now comes the |
play house company, of the duPonts, |
with its Sl50,000 theatre, and the larg-
est stage outside OF New York City !
the new city and county building, |
costing s1,5O0,0O0, and this week the
announcement that the Wilmington |
Institute Library intends to erect a
building costing from $150,O00 to !
$200,000 In the same vicinity
What is to come next? II was
learned today that the new theatre
which will be very plain on the ex-
terror, will be constructed so that an
Office building similar to the present
dupont office building. also may be
erected on the property. The office
building will simply be built all
around and over the theatre, which
will not interfere with it in the least.
II will simply be a feature of the Of
flee building, the same as the ball
room was of the old building before
the hotel was constructed. OF
course, no plans have been drawn for
such a building, and IL will be several
years before they will be, but in
building the theatre such a building
will be kept in view.
II Is now almost impossible TO pur-
chase property in this vicinity, a fact
that was clearly shown in the effort
to purchase the Ford building and
the adjoining building last week. A
sum startling In its proportions was
offered for the properties. but was
not accepted IL was rumored that
the party negotiating for the sale of
the property intended to erect large
office building on IL that would rival
the dupont Building
Many real estate men are advising
the purchase OF property on Ninth
street for investment purposes and
In the last few weeks have been
negotiating for property on this
street.
Henry Hopes has purchased the
property at No. 917 Orange street
from the estate of Elizabeth Davis
for S4,350.
Gibbons and Moore purchased for
another party last week the three
story brick residence at No 211o
Market street for $3.50. Another re-
sidence OF the same style at No 2201
Market street, which was owned by
the estate, was sold to Joseph Walsh
for $3.50. The sale was held by j.
Jackson Peirce the well known real
estate dealer. Harry Stidham was the
auctioneer.
Bids have been received by Roscoe
c. Tindall for a unique residence to
be built for ]. Shaw on the Philadel-
phia Turnpike north OF the toll gate
in the vicinity of Claymont The re-
sidence is an old farm house, but it
is beautifully situated among trees
and shrubery and is an ideal location
for a home. Mr.. Shaw has planned
to take the house and remodel it into
very handsome residence Of stone
and frame and with it's surroundings
it will be one OF the most beautiful
small places in this vicinity The
house will be of stone with half stone
and frame wings. Il will be of col
onial design, with nine rooms and
two baths. The interior will be fin
isehd in hard wood and will be beau
tiful decorated. The bidders and their
, bids were W. d. Haddock & Co., 81,
79S; Charles II. Tindall G. Son Co.,
! S7,640; William II. Jones Co, S757S;
! Eghert Nutter, $7,432: H. P. Carlon.
) S7,OS3; William S. Bird, S70S3; AL
> fred S. Downward, $6,943.
] Mr. Tindall also received bids yes
D terday on another residence, to be
erected for Mr. Shaw on the same
] property. This house will be &c by
40 feet, Of hollow tile and stucco with
= a red asbestos shingle roof. II will
= contain eight rooms, bath, and will
, be finished in hardwood, similar to
the larger. residence. The house will
probably cost about $4,000. The
names of the bidders were not made
+ public.
w. H. Jones and Sons will start
work Monday on two seven-room
houses, at Twenty-sixth and Washing
ton streets. Mr. Jones is erecting
. the houses for sale. They will cost
about $4,000 each.
W. ID. Haddock and Company is
bidding on a double house for Joseph
9 Baton. at No 113 South Franklin
street Il will be of brick and will
: contain IA rooms and two baths.
. The cornerstone for the First
J. Church of Christ Scientists will ar.
rive some time next week. and will be
! laid with impressive ceremonies in
o about a month. w ID. Haddock and
= Company is erecting the church.