Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-10-14
SOUTH BROAD STREET
PROPERTY VALUES
SLOW IN GROWTH
Few Sales of Importance or
Significance in Recent
Years and Variation in
Price a Puzzle.

The South Broad street section from
Pine street to South has been a dull
proposition for a decade. 1t will be re-
membered that July 8, 1908, the north
east corner of Broad and South streets
was transferred by Philippus w. Miller.
an attorney, to Jacob G. Kahn. At the
time 1t was assessed at 10000 and the
price at which It was sold was $4,000.
The lost was 6o15h feet on Broad street
by depth of II feet along South street
and was numbered 527-29-3t. The corner
was rebuilt and new front was put in
property to north After this sale the
dullness became extreme.
On December /, 1909. sale was made of
premises 5W South Broad street this
property had been offered for sale by
Barnes & Lofand April 16, 1907, but was
not sold) and the estate of James Dun
das Lippincott made transfer OF the
same to Thomas NJ. DAILY, president of
tho Continental-Eduitable Trust Com
pany. lot 3Ox142. and assessed at $4,000
for $1,000, or only $1,000 a front foot This
was remarkable price when one con-
siders that the Wetherill property at the
corner of Broad and Walnut streets, only
FIVE squares to tho north, brought Sl3,75O
q front foot on Walnut street, or Sll5
square foot.
In 1909 Col Edward deV. Morrell had
acquired 500 South Broad street paying
$4,000, and now, by the death of Barton
Willing, his residence, Oil South Broad
street, is for sale. This property was
built by John Penn Brock, who sold it
to Mrs. Edward Willing in the early
SOS. At that time and for a good many
years 1t was a residence locality and the
scene of much entertaining. all of which
Nsa~.11 11W~ NF.WuF
passed. giving way to commercial needs.
The recent death of T. H. Darley will
bring his residence, $40 South Broad
street, upon the market 1t Is a hand
some piece of real estate, which more
than likely will find a buyer who can
alter it into an apartment house The
market is in better condition at this
time, as the Willing lot, so long a drag
upon the market, at the northwest cor
ner OF Broad and South streets, is being
improved, and adjoins the Darley holding |
to the south.
On May 8, 1914, the Pennsylvania Com |
pany for Insurances on Lives and Grant |
ing Annuities, executor of the estate Of |
Barton Willing, sold the former residence |
Of DR.. John Rhea Barton. at the north !
west corner of Broad and South streets, |
to r. and F. p. Jacobs, trading as Jacobs |
Brothers. with q frontage OF 122 feet on |
Broad street and a depth along South !
street Oh 1oo leel, anu ubSeSSeu lOF SliO,VJO,
for Sl65,0O0, or at the rate of 1880 q front |
foot on Broad street. The property had |
been held for a good many years at
$500. co., A large building is now going |
up with six stores on Broad street and |
u on South street, the front, of New Jer-
sey sand cement brick, presenting a very
fine appearance. These occupy the first
floor, the rest of the building will be
occupied by the Jacobs Brothers as a
The southeast corner of Broad
and Lombard streets is being improved
with new front and four stores on Lom-
bard street.
COLLEGE CONSIDERED SITE.
1t is well known that at one time this
site was considered by the College of
Physicians for their new building.
finally 22d and Ludlow streets
was chosen. It IS for the college. per-
naps. a better site.
The future of this section is even yet
not settled. unless it is to he for busl-
ness needs 1t offers inducements along ,
wholesale and retail manufacturing lines,
apartment houses. institutions. or schools | ,
1t is remarkable thing that Broad ! !
street, north and south has not caught |
IN, long ago, to a most substantial adj
'ance. There Is no street in the world |
If it's width and fine appearance for
uch length reaching from Government
venue on the south. with League Island
Park and Parkway, to Cheltenham ave- q
iue on the north with beautiful Logan '
md the York road section a distance of I
'ver eleven miles. i
1t is also possible that the Broad street I
subway idea has broken the spell Men )
ook ahead in such matters, and unless [
he market is anticipated prices will get
lway from buyers. When the day Is set
% begin construction 1t win be found big
advances will be necessary to buy any I
hing. '
NOTES OF THE STREET. I
The record of mortgages on Monday
vas a very respectable list. Out Of SO
eparate ones placed on the record, 20 }
we're furnished by building societies. }
Monday being a legal holiday, realty Il
matters were neglected. The courts were
oweVer, in session, and number OF
and damage cases were heard. prlnci-
ally appeals.
The market is likely to be duh until n
fter election, as the loan item comes up
or public approval, II the vote Is afHrm- 2
tive, and it certainly will be unless !,
oters are careless. public improvements NJ
I'LL go ahead These affect real estate ! \
nd will tend to better feeling. 4
Mortgage money Is needed. but II Is =
OF being furnished freely. Rates are II
nchanged. LESSOR. \
FREIGHTS AND CHARTERS :