Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-01-17
TIMELY REAL ESTATE GOSSIP
Office Building Situation in Omaha
is Favorable, with the Large
Buildings Well Filled.
so SAYS EDWARD o. HAMILTON

so SAYS EDWARD 0. HAMILTON
On retiring from office January y.
1915 President Edward O. Hamilton of
the Building owners and Managers as
ISOLATION gave an address in which he
ably reviewed the office building situation
in the city and the various problems
that go with il, together with the build
ing situation in the city in general. His
address was in part as follows'
Tho year just closed has seen but one
office building completed, namely.
the Saunders-Hennedy This building
contains 1856 offices and seven stores The
owners are satisfied with the way the
offices are being taken, and increased de-
mand for these offices will be had with
the opening of the Fontenelle hotel, which
is promised in March.
Two of our newest office and store
buildings are being well taken viz: The
Baird and State Bank building The
owners OF the latter being well pleased to
report the offices over So per cent rented
with only one more store to rent
"other office buildings are well rented,
viz
The woodmen OF the World building
reports nearly 100 per cent.
The City National reports full at 100
per cent.
The Omaha National reports full at 100
per cent.
The Brandeis buildings report fun at
100 per cent.
The Bee building reports 95 per cent
The other office buildings are fairly
well taken.
Promises for 1918.
The coming year promises more office
buildings with stores on the ground
floor than has been completed for some
years. The larger one. the Omaha Grain
exchange at Nineteenth and Harvey
streets, will contain go offices and floor
space of 10000 square feet with large ex-
change room Of some 5000 square feet
floor space, also seven store rooms. The
offices in this building viii all be taken
by members OF the exchange. Excavation
Is now being made and the contract will
be let by early spring.
THE World-Herald building at FIT.
teenth and Farnam will be 66x182, eight
stories and basement Besides occupying
the basement part, first. all of second anc
third floors, there will be several stores
and ninety.five offices for rent, with of.
The other building promised is that a.
Sixteenth and Farnam on the Myers
Dillon corner. This building viii be S6x1S2
four stories and basement The first foo
will contain several stores The second
floor will have the large plato show win
dows and will contain shop and larg,
offices to be divided as required by thu
tenants. The third and fourth storie
will be divided into about forty-eight Of
fees with 1900 square feet Of floor space
The three buildings will make, therefore
practically 400 ordinary sized offices witt
floor area of 5000 square feet
About Apartment Houses.
I'm the number of apartment house
and rooms completed there appears t
have been about the usual number. N
definite figures are obtainable from tn
building inspectors office Enous
apartments were built. however, TO sup
ply the demand
Omaha is one Of the detached hous
towns of the United States and it will re
quire a number Of years to educate II
people to occupy the Same percentage G
apartments per population as othe
cities do.
Information as TO the number of apart
is difficult TO obtain, prospective builder
being held back on account of the cond
ton Of the money markets
"Ieal estate loan agents report tha
some loans are being made. and there is
prospect Of somewhat easier and cheape
money within sixty or ninety days
Many New Dwellings.
In the neighborhood of 800 dwelling
were constructed in this city during I'll
last year. This, together with the doubl
house flats and apartments, will approx
mate 1900 dwelling places, which will tai
care of an additional population Of SS
people.
Omaha received quite a lot OF favol
able advertising at the National CONVEX
ton of Building Owners and Manager
which met in Duluth last July. tt
Omaha delegates presented her advan
ages for the 1916 national convention an
was listened to with marked intefes
which, like the proverbis1 bread bein
cast upon the water, will return aft
many days. In other words. the prom
inence gained in Duluth will do us mue
good when we go after the national col
vention IN the near future.
LOOMS Secretary.
at this national convention. our NJ
Howard LOOMS had the honor of beiT
elected as executive Secretary Of Il
. convention, and month later WI
appointed National Secretary OF Il
Building Owners and Managers associ
ton. This. honor was well deserved,
there Is not more capable and efficie
man in our whole national associate
TO nj this or any office within the 81
OF the association.
About two weeks after the conve
tion at Duluth. Mr.. Louis DAILY, repr
senting the Equitable building Of Ne
York. was entertained by our assoei
ton. he being on a tour Of inspection al
gathering information on the Off
buildings, planning space. and manas
ment In the principal cities OF the eon
try lie paid high compliment 70 I
class OF office building in Omaha, as W
as the efficient management
Il personally. with several Oma
members, visited a number Of off
buildings in ST. Paul and Minneapo
asst July and found at least five of o
Omaha buildings for more modern a
in advance Of any buildings IN arranl
uient and ma nagement In the above mt