New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-19
A Section of Vast
Commercial Growth

There are mail chutes. the vacuum
cleaner and other convenences for the
comfort and welfare Of the tenants. Pow
erful electric lights will be found for
| those remaining in their work places az
ter dark.
Strict attention is paid both by the
owners and agents that the service and
maintenance OF their buildings will be of
the highest order character and dignity
/ The 6Sl Fifth avenue is a twelve story
loft and store building which will be
! ready for occupancy February l. The
/ first three floors will be occupied by Z. T.
| DuttOn d Co, publishers. booksellers and
! statoners. The architects are McKim.
Mead d White The building is equipped
with two electric passenger elevators and
/ one large electric freight elevator. The
/ building contains every modern improve
ment and offers all conveniences for its
tenants. This part of Fifth avenue is al
ready recognized as the leading art centre
and many prominent dealers of fine paint
/ inGs. antiques. as well as interior decor
ators and other high class merchants
have established themselves there. In the
I immediate neighborhood, and within easy
access, are many leading hotels and
clubs Pease 4 Gilman are the agents
Of the structure
The Putnam Building. at No. . and
West 45th street, one door from Firth
avenue. is surrounded by banks, hotels
and retail shops Its architectural design
is both impressive and graceful. The
building. which is sixteen stories IN
height Is exceptionally light, having win
, dows on all four sides. Four high-speed
electric elevators are installed, with day
and night service.
The new 42d Street Building occupies a
choice site at the southwest corner OF
4.d street and Madison avenue, directly
I opposite the Grand Central Station. Of
fees have been rented in this structure In
"A very quick monner. The building,
which is twenty-five stories in height. is
one Of the most imposing and d.snihed
in the central zone. The ceilings are high
and the Offices attractive. with abundance
Of light on all sides. The building Is
equipped with all the latest improve
ments.
At the southeasterly edge Of the sec
ton is the Murray Hill zone Few sec
lions Of New York have shown within
the last few years such extraordinary
changes and business improvements as
this district The fashionable residential
quarter is now narrowed down TO a mere
fraction of its former area. The hill eX-
tends from 32d street to 4st street be-
tween Park and Fifth avenues.
At one time the greater part Of it was
occupied by private dwelling houses.
churches clubs and other houses COM
patible with residential exclusivcuess. In
recent years, however. the idea of eN-
clusiveness has been associated mainly
with a short stretch in Madison avenue
from 3Jth street TO 4lst street, whore for
o time The residents prevented intrusion
by payirg handsome prices for such ad-
jaceut sites as happened 10 come upon
the market. Among the many who made
purchases TO protect their own holdings
in this vicinity are J. Pierpont Morgan,
George +. Baker and Frederick w. Van
derbnt.
When the subway was projected heavy
advances in the value of real estate on
Fifth avenue and adjoining streets oc-
Cured and many operators and specu-
Iators in real estate then believed that
prices had reached their highest point.
As a matter OF fact. the actual compile
/ ton Of the subway marked the beginning
| Of the greatest boom I'm uptown real es-
| tate ever experienced, and there are now
predictions that in the next hve years,
when the Pennsylvania. New York Cen
| trail and New Haven Improvements have
| all been finished. the highest prices in the
history of Manhattan Island will be
| reached on Fifth avenue, from 25d 10 18Th
street
/ Naturally. there vii. be great advances
/ I'm values throughout the entire Murray
! Hin district. owing 10 its elevation, fine
/ buildings and close relation 10 the great
! transportation systems.
/ One of the first business enterprises 10
Invade the district and the first TO locate
near the corner Of Madison avenue and
| 10th street was the Anderson Auction
/ COMPANY The fact that New York has
now become the greatest book market in
| the world was conclusively demonstrated
! when this company sold the Robert Hoe
library for nearly S2G0oG-an amount
greater tnan the combined totals Of the
! four greatest Libraries ever sold in Eu-
roDe--and created now records Of values
! for thousands Of individual books and
manuscripts The sale NJ this wonderful
| library. which was attended by the repre-