Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-07-14
representative Of KresS TO-
Cent Stores Company in
Albuquerque on Important
Real Estate Deal
CONTRACTS DRAWN UP.
TO BE SIGNED TODAY
Owners Of Property, With Two
Exceptions, Reach Salts
factory Agreement Success
Of Plan Almost Certain,

An even dozen fNo-stury buildings
involving u minimum expenditure Oi
Sf00. n0O for IaLor and material. will
he built Ia Albuqucrque, between
Taurth aud filth streets. on the soutil
side Of Central. provided negotiations
beaun yesterday by the :. IL. krcss
4 60. > aud 10 cent stores people OF
New York. through VI. l.. Nest OF
Guthrie. Okla. krc~s real estate rep
fe.enialivc. are brought Ia success
fui termination.
MIR. West arrived here Yesterday
morning aud at once went into u con-
ference with simon stern. I. l.. iioge
and other local business men, follow
ing which personal interviews wcr'
obtained with the owners of the real
estate ON Central avenue between
Fourth and Iifth. y. 4. Mctanna,
who had been In communication with
Mr.. West for many months regarding
tie deal which Mr.. West came per-
sonaIly 10 AlEuqusr rquc 10 look after,
Jeff SUNDAY evening for New York
10 interview the kre-S people.
Contracts Prepared.
As the result of the work done here
by Mr.. McCanna before leaving for
The east, and the working out OF de
tails Yesterday by Mr.. krcss and local
asgucinles, il is practically certain
tnai before noon today, contracts VIII
be signed with penal clauses, provid-
ine for the early construction of a
d,.en buildings on Cchtfu avenue, to
h. erected on the lots which adjoin
Simon sterns buildng at Fourth and
Central avenue. extending to Fith
street
The Kress people own and have
owned for some two years. two lots
between Fourth and Fifth on Cen
trail avenue and for many months
have been contemplating building and
installing in Albuquerque big and
10 cent store. The Kress people are
not desirous Of building alone in the
middle of the block. Because of this
"a plan was suggested ,and is now near
final acceptance by all concerned
whereby every owner of lot on tn,
south side of Central, between Fourth
and Fifth viii build a building.
Keichcr 10 Give Answer.
Up To- 6 O'Clock last night when MIR
West and his associates left off work
for the day, the following lot owners
had agreed to build.
r. =. McCanna and Frank a. Huh
bell, Joint owners Of three lots on
Fifth ana Central
The Kress people, owners OF tWu
lots, adjoining the McCanna- HubbeH
property
Charles Melini, owner of the lot ad-
joining the Kress lots
Thomas f. keleher, Jacobo frl-
sarri and Miss Yrisarri, who own the
other lots in the block, will be inter
viewed by Mr.. West and his com
mittee today. with a view to securlns
their signatures to a contract ealing
for buildings on their property MT
Keeher was Informed as to the prop
osition yesterday and intimated tha'
he was not adverse TO such plan
asking until today TO make definite
answer. Mr. Yrlsarrl was at his rahch
near Alameda yesterday and could
not be reached. An appointment was
made with him for today
\ Golden Opportunity.
Because Of the opportunity to swinl
business to the block between Fourth
and Fifth, and greatly increase the
value Of their property, it is not pe-
fieyed there is chance Tor the doA-
en- buildings" plan to fail.
At the present time, there is not a