The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1916-02-23
99-YEAR-LEASE
NEGOTIATING ON
BIC PROPERTIES

That the od-tlme rivalry In develop.
mcni between Main street and Broadway
Sun exists ls made manifest by current
events M realty circles
" recently was announced that mr.
rAngeWtnts were making fpr heavy build.
Ing operations ON West Main street aud
1t now develops that some hIg move
tn"nts IN the same lin" are negotiating IN
North Broadway II IL said that three
long-term lease propositions arr under
consideration although the owner Of one
OF the properties entered flat denial
when questioned relative TO the negotla
tions by The Times
II. W Pcntecost, vice preSldent of the
/ state Exchange bank IL said 10 be the
one who has been negotiating for a
ninety -nine-ycar lease on the Bassett
property RI the northeast corner Of Naln
and broadway
While 1t was asserted that eastern
parties were hnck of this move. there IL
r STrniso that the hank above named IL
contemplating the erection of bank and
office building on that corner Il salts
factory lease arrangements can hc of-
fr.tcd
Another elu Lease Pending.
Unidentified parties are back of tho
negotiations now IN progress for the sc-
curing ~ q ninety nine year lease On the
property at the soutnwest corner ot
Broadway and First aNreet. diagonally
across from the Skirvn hotel They are
said to be- negotiating through f. VI.
pirtlc. who could not bc located this
morning
II was rumorcd on the street Tuesday
that large eastern dry goods concern
was negotiating FOR the Nolf~ property.
having about scvcnty-fvc feet of front
ngc. a short distance north of the India
Temple building n Woln, owner NJ
the property, when quered relative 10
the rumor insisted there were no ncgo-
tiations whatever under way
II was understood yesterday that the
union depot question would be definitely
decided hy the state corporation commits
sion within the next ten days lndica-
tions are that the decision viii be favor
able 10 the Frisco Rock Island proposi-
tlou. which contcmpRtos depot and
office building on the Frisco property
Immediately west Of Hudson on First
street
Is Generally Approved
This proposition meets with almost
general approval Tor the reason that II
viii mean practically immediate CON
strurtion. whereas II ia known that II a
union depot Tor all the railroads were
insisted upon II would take the matter
through the gamut Of the courts and
likely would not be finally settled within
ten years Many NJ those who have N.
sisted ON the latter arrangement are
coming to realize that half loaf IN the
hand IL worth whole loaf ot indefinite
delivery
Il may be said with dennitcness that
the moment the depot question is def
nitely settled there will be one Of tho
biggest building hooms along West Main
street that thoroughiare has ever eN-
perienccd
In a number of Instances plans already
have been drawn and the order for con
struction Is held up awaiting develop
ments IN the depot matter In the last
ten days there has been much inquiry
on the part Of speculative buyers In that
district and others have been negotlat-
ing with properties with view TO de-
vclopment In the event the big depot "
located In that section