The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-12


coming scheme for the reason that II
Will stabilize values and Indicate the
class of construction that the law will
permit In every block. which saves ths
builder from guessing wrong. a matter
; which often means ruin.
We favor coming and restricting not
only of the central section Of the city
but every section remarked another
builder. and | Will not stand in Tho
way OF IL even though have buildings
In the central section tcuIutcd 10y firms
which viii probably leave for other Sec
lions. But their places Will bc taker
by others of a class which will please
Interests of the retail zone as well as
myself. | 10 not think that builder:
will he affected greatly by the crusad.
against wholesalers in the section"
Several builders admitted that whole
salcrs were not in their proper plac,
and hat they thought that the whole.
salcrs would profit 10y removing to other
sections which would allow for II reduc.
ton in overhead charges without i'm
pairing the efficiency Of their plants
The buildings IN the section are all wei
constructed - that they may he used
for showrooms and the like In place oi
s~w,ltShopS.
No builder is more favorable TO the
saving of tie Fifth avenue section aud
for the restricting of trades and the
limiting of building heights than Gcorg.
Backcr. one of the most active builders
In the city. MIR. lacker has erected
about twenty-five buildings through tn.
central section Of the city in the las,
ten years. The pIstricting and Restrict.
ing Commission cannot get its report be-
fore the Roar OF Estimate amy toe
soon Tot Mr.. hacker. who claims lie.
lay means an increase Of the pending
I ;rpuhlcS lie says values IN the crntraI
section and all trctious VIII Toe placed
ON a solid basis by tn" distri,ting sys-
tom. q bass wui,h cannot be- undermined
by harmful elements which have often
( been used purpuSrly with that object in
& view.
Mr. Backsr said that h." has not built
a factory building north OF foity-sccoud
s,vt It for the reason that lee could not
| get himself to believe hat mat section
was the proper plac" for wholesalers
81 am not only NOW but FOR many years
have been in favor Of the restricting 81
wholesalers. whether garment makes @
anything else. to the district south NJ
. Thl:ty-fourtA street. ! have had many
! attractive offer, t. build north OF that
! line. hut have never felt justified IN at-
crptluS any of them for ms reason.
am lot only t,oIouGa'' In accord WIZ
; the r,stI.,'Irs of this district bus i0'ht
tla, me city la general should h" lad
on, u zur,~ or districts, wh"r" dlNv|'i1'
I classes ot business clu -. located
riu planning au apartment the SPACE
/ is divided according - IL" uses II - tt
bc put 70. I THINK the sam" should hold
good I'm planning d.~IrIcis ioI the actiNi'
tics Of the population Of this city. v
there : iu every manufacturing concern
a division 81 lau,r. 20 a division Of space
I should II, made 'ur the various h.uds OF
! Industries.
'"T.r manufacturers OF heavy arti,le'
.I.. ,4 machinery viii. / believe. event.
uallv be- %co'npellcl to move to the out
j living Districts. lighter manufac'urtug
should be- cor'in'd bc,o% Thirty -trnrt,
street. from Thirty fourth Ia f"i'y-S'c
ora street tive largo department S'ore'
and general retail hus ness ihov' Forty
second street H thu u'lEhhorAp"h o.
Fi',u avenue" hgu ,tsS speciality shops
from Forty-S,cuud stree, along Broad
W., 70 uot.'~, theatres ana other place
~ amusement Ahu'" FlttN 'ul.'n Sli'''
4, dwelling houses, with, of course, tn
necessary retail stores 80 supply mouse
hold wants
II thiuh this .dea should .. i'rii''
I developed 80 that the Hr''l'r' ''''l '''
tgros "t % |N.sirls, w'Iid Ne li' "'"' "''
harmonious
'l;,ll estate values Al" uustihl" fol
lng r,is,u uu. ,tunu, @for"s'c the 'rtnf
Of a district \ urighhur : N pa. nj
au u"m-Ighllv structure or l"rhut b
bufldIug "a %" truaUtod b. "nl"'l"i'
able trade, and Niluts ON the BLOCK are
,,prc..atcd For ia, Same ",1spn ~
v%c~t"Is hesitate 20 put n"ney ~ f"i'
estate unless lin" immediate" f"iull'
are large. This not only applies - 3
burcnus,r nu' to lending companies.
The present state of thu r.Hi estate
market. iu when Improvements IA "n'
Of the sections Of th" city, usually 'ul
I thor uulown. uuscttlo a love" district
deriving buildings of ,cntut> ana d"
prcc,ating values, benefit np ole
whereas If districts for re Nrrinu'
branches Of business We're rr'Hul'shc'
every one would benefit. TbH owner f"
uuinpruNod properly would u" more Va
hlc ~ improve his property. rs ih'''
would he lces Likelihood or speculative
prouts
"Ir stah.ht, OF sections prevailed ;
builder planning an Improvements "oulC
Slimatc accurately his loans. which II
turn Would serve rs investment guido
To- hu,crs Tnc lender on bond an,
mortgage would also he better ahio Il
iudg" Of tn" value of a pho" of prep
crty and could lend a la'Gi" amour
At a lower rate than at rrcscn,, au'
the real estate investor would y" williif
to tak" - smaller return on his capital
because such "a return would u" mucl
more certain for "A longer period Il
time,
'"Thc tenant, being assured of the char
actor of tine u"i.hhorhood in which III
was tu locate, would take a longer lease
thus bcUrntiug All concerned,
"Busiu"ss men and real estate own
crs Of the ri'y should combine and us'
their influence To- force speedy action h,
the Board OF Estimate that realty value
might he stabilized as soon as possible
"lf lenders on bond and mortgag,
would refuse 10 loan on buildings 90
cupird by business out of their respcc
tive districts; large purchasers of mer
chandisc refuse to buy from manufac
turrrs who did business outside OF theiI
districts II banks and other financia
institutions would refuse credit TO suci
concerns, 1t would soon fore" eurh busi
ness into it, proper district 10 rh,
great bcnet, OF all concerned"
Mr.. Backcr claims that five storie.
would he the best height for Fifth ave
nue.