New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-10
ACTIVITY AT COURT
And JORALEMON SITS.
Marked Changes from a
Business and Residential
Point of View.
CITY IMPROVEMENT
WILL BENEFIT ZONE
High Glass Office, Store and
Apartment Houses Being Built
In the Section.

BY Howard c. Pyle, Head OF Howard
c. Pyle & Co., One OF the Leading
Real Estate Brokerage Firms OF
Brooklyn.
mon SITS, Brooklyn. and in the nearby To-
cation very marked change, from both
IS taking place. II is bound TO make this
section one OF the most important civic
and residential centres in Brooklyn.
1t matters not whether the proposed
Municipal Building or the Court House
is built on Murphy Park. in Joralemon
st, and on the adjoining property at the
southeast corner OF Court and Joralemon
SITS, the improvement will add very ma
teriary TO the strength OF this location
from a business standpoint. Although the
projects have been discussed for the last
few years they have not yet assumed
definite form. However. I have grea;
hopes that one OF the Improvements will
be planned for the premises in question in
the very near future.
y I thoroughly believe that this imn1e-
: dlate neighborhood, especially west OF
( Court st. is destined to be a very strong
{ location for high class apartments. Bing
( & Bing. foremost apartment house build-
ers OF Manhattan. have realized this fact
land are erecting two beautiful apartment
houses one in Livingston st. and the
: other in Scherrlerhorn ST.. between Court
and Clinton SITS. Each house will be with
i'm about two minutes walk of the Bor-
oueh Hall subway station. firmly be-
,lieve that this is only the beginning Of an
extensive apartment house building OF
this character
This location is in the heart Of the bank
ing and financial centre Of Brooklyn. anG
unouestioaaliy VIII be for many years to
/, come
The recently completed terminal build
ing at the southwest corner OF Court and
Joralemon SITS, also the building of the
Brooklyn Union Gas Company in Remsen
St. Just west Of Court St, and the OCon-
nell Building, in Remsen st, west Of
NCourt st, are potent evidences Of the
growing strength and character OF this
centre.
When we realize that the section is only
FIVE minutes 10y the subway to Wall ST il
is almost as il it were in the centre Of
the financial district of Manhattan.
The demand for good Offices in this loca-
ton is growing steadily. and the i'm
provements and growth which have taken
place in the last five or six years are
significant evidence of what its future
will be.
There is a good steady demand for
ground floor stores and Offices in this
location. Store rents are materially
higher than they were four or five years
ago.
The block in Remsen ST.. between Court
and Clinton SITS. is rapidly becoming
strong business block, and there are very
few of the buildings that are still re-
tanned for private residence purposes ana
in very short time there Will likely be
no residential houses at all in this block
They will all be absorbed for business.
The block in Joralemon St, between
Court and Clinton SITS, is somewhat re-
faTQeO as q DuSlHtSS pAobSSiNiNif To- 80
from the fact that the Packer Institute
grounds occupy the major portion OF the
southerly side of the street running
through to Livingston St While the IN
stitute is a very charming neighbor anu
affords a very slightly little breathing spot
in this congested location. it is not con
ducive TO business coming into this block
believe that i'm the very near future we
will see a number OF dwelling houses IN
Joralemon 81. and Livingston ST. razeu
and high class apartment houses erected
The block in Montague St, between
Court and Clinton SITS, took on new HE
when the old Academy Of Music building
was destroyed by fire. about ten years
ago. and the character Of II has changed
constantly for the better since that time.
believe that this section OF Brooklyn
will hold It's own as financial centre for
many years TO come
Brooklyn at large is the greatest resi-
Dental and manufacturing centre in the
entire country. and some of its best bust
ness centres. such as at the intersection
Of Court and Joralemon SITS. together
with the nearby locations, compare very
favorably with some of the best centres