Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1915-06-17
New YOrk'S Richest
Young Man Is Not
O. Idle Rich
YOUNG VINCENT AST0R 0UTLAWED
FROM CLUB BECAUSE He is A
BUILDER AND WORKER.
He THROWS OFF CLOAK OF CONSER-
vATISM THAT MARKED The
ASTORS AND BUILDS.

New York. June IL. New York'S rich
"a Young man il not a member of the
Idle Rich Club. lie has been outlasmed
from that too thickly populated club,
for he l. Il worker. Ills name? Vincent
Astor. land owner. builder. developer Of
civ blocks and general business man.
Throwing Oh the cloak of conservatism
- long dominated the AStor policy.
which for over 4 century has controlled.
more real estate in Manhattan than any
other individual. firm or corporation.
Young Aston il striking out in start
ling fashion Ia turn his inherited real
estate into bigger dividend paying prop
uSitionS.
Buildings that are ancient are being
RACED while vacant lots are being devel
oI~d ia a practical way. New structures
~Sprineing M in sites occupied hN old.
ugl, buildings .und every new move ~
the Young real estate owner spells i'm
proycmrut fur the greatest city ~ the
western hemisphere.
The sudden change in the AStor real
estate policy j. reflected u many parts
.uf the city. III This ever changing mctrop
new buildings. high buildings and
beautiful buildings rarely cause com
mcnt. They are almost weekly evcqtS.
But ~ startlingly new has been the char
actcr Of Young AStor'S work that the
improvements he has put into effect are
everywhere evident. And they have
created 4 sensation in real estate cir
clcS.
More than %S3.OO0.0O0 has been set
aside for buildings alone in the past
six months. One Of these - for an
apartment along tn, east side Of Broad
way from - 10 Goth street. to cost 81
10000. Another il the building on
the site Of the old AStor House Ia cost
5000 400. a public market at Broadway
and 95th street. Il thickly populated res
idential district. is being erected ut an
enormous expense.
ANY one of these three gigantic build
ing operations would be- big enough for
builder To handle at one time but
10 New Nork'S Young real estate wizard
they represent only a part Of 2 years
work. For il j. understood that a>
much more money j. 40 hc spent during
1919 on new structures and improve
mcntS. Last wear Vincent A>tnr spent
about S2.0OOOOO ia new construction
work. - even if no more contracts are
lei this wear H. has spent about 5000
UHu IN two wears in improving his home
town. And even ia New York Sj.000.O0O
maxi, Some impression especially when
expended wisely. ~ The A>tDr money has
been.
An r,idcu r TT f.tr,'- artistic taste
.S we'll a> hi~ hi~irn- ,h.iitv l. seen
ia the six story rurrtwDt house he
erected iu Wr~, '-th street. This build
49,. tI Ill .t. 80 l.,-.
won the medal ~ the Architect Iral I.rlg
ne which j. given 10 the best built and
designed house IN tn city each year.
The building j. the Latest thing ~ ono.
two. three or four room apartments
renting from - To- 80 4 month. Mod
clcd after the Georgian type "f con>trur-
ton. il contains oprn courts and covers
\ In foot front plot.
Although Vincent AStor has struck
on the constructive bonds that - long
ruled the old A>tor building operations
h. has sacrificed nothing when II c"mcS
To- the workmanship in his buildings
That explains in part why h. spending
So muhc money on his operations. lie
will not tolerate inferior material or
rhcan workmanship. Everything must
IT, ~ the highest quality. lie - building
not for the moment but for all time
None but architects q. the best rcputa
ton draw the plans. Only contractors
who have proven their tru>tworthincSS
and honesty in construction are employ
.cd on the A>tur properties. And the
result j. something that should make
both the Young man behind the work.
and the city which j. being bcautified
proud.