New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-22
In THE ACTIVE
REALTY CENTRES
Apartment Colony Likely
To Be Erected Soon in
Wall Street District.
By ARTHUR T. NICHOLSON.

l24 Pearl st., facing Hanover Square
and extending TO Water St, are likely
TO be built in the near future. The
Pearl st. apartment will be the first
of its kind ever built in the Wall
Street section.
The site was sold last week through
the Noyes Company. for William D..
Fitzpatrick and James H. Cruikshank to
the Lower New York Realty Com
pany. From the upper floors of the
proposed apartment house, COM
handing view of the East River and
Lower Bay will be had. The building
will be erected especia ly 10 serve the
interests of the busy Wall Street men
who desire apartments near their
Offices.
The new headquarters Of Henry Holt
& Company, book publishers, will be
on the entire 18th floor Of the sixteen
story Berkeley Building, at 10 to %
West 44th st. The term is ten years
and the rental for period about $780,
900. The present home of the publish
ing house is in the Builders Exchange
Building, at 80 TO "a West 33d st. Com
mission to Brett & Goode Co.
Maison Maurice will move to its new
quarters In the Maison Maurice Build
ing, at Sol and 663 Fifth av., about
December l, when alterations and i'm
provements to the building will be fin
ished. Negotiations have just been
completed for the sub-letting Of the
present quarters Of Maison Maurice at
the northwest corner Of AID st. and
Fourth av. to Hsnan & Son, shoe mer-
chants, for the unexpired term Of the
lease.
One popular and convenient way Of
getting larger quarters Is to be fol-
lowed by Hickson, ladies' tailor, who
occupies a number of lofts at the
northeast corner OF SD st. and Fifth
av. He has leased the seventh and
eighth lofts in the Maison Maurice
Building, at Col and 663 Fifth av., ad-
joining. These lofts are to be con-
nected with his present quarters. This
lease is for seven years, at a total
rental of about s125,000. s. d. Cooper
negotiated this transaction.
All England has got the chewing gum
habit. This fact was commented on in
recent editorial in this paper. The
leading English manufacturers have
figures to show that their monthly
sales in half year have risen from
100000 to 10000 900 bars, and gum is
now issued as an army ration. Through
their London correspondent, Nicholson
& Co. have provided a factory in Lon
don for the American Chicle Company.
The factory is working night and day
to supply the demand, especially for
the British soldiers.
Nelson, Lee & Green have leased for
Samuel X. Jacobs space in the building
1607-89 Broadway, southwest corner Of
Broadway and 48th ST., to the National
Vaudeville Artists, Inc, Eddie Leonard,
president, and Henry Chesterfield. Sec
rotary. The space leased is the entire
third floor Of the premises, having 4
frontage Of 81 feet on Broadway by a
depth Of 140 feet on 4sth ST., and is TO
be used by the National Vaudeville
Artists as executive Offices and club
rooms after completion of alterations,
which are estimated to cost $4,000.
The lease is for term of eight years.
The same brokers recently leased the
corner store in this building TO Messrs.
Cronin & Parker for a cafe and an in
side store surrounding the corner to
the Vogue Restaurant. The combined
rental for these three leases is $4,000
year.
Pease & Gilman have leased for a
term of years for the estate Of c. q.
Emery, which was represented by Henry
G.. Schackno, as attorney, the dwelling
at "A West 9th ST., to La Petite Mai
son. now at $50 Fifth av.. dealers in
gowns. Several weeks ago Pease & FL
liman leased similar house at 80
Klein, of Paris.
Douglas Robinson, Charles S. Brown
Company have sold for the Hemenway
trustees. of Boston, the bulkhead prop
erty at Pier I. North River. The pur-
chaser is the Pennsylvania Railroad.
The property is sold subject to lease
to the Camden & Amboy Railroad,
which lease still has 949 years more
TO run, having originally been made for
999 years, fifty years of which has al
ready expired. The Camden & Amboy
Railroad is now one of the subsidiary
companies of the Pennsylvania Rail
road. The bulkhead is assessed for 1915
at $4,000.
New York Title and Mortgage Com
panv has made a building loan Of $751;
900 TO the Charlemont Building Cor
poration on plot S7.6X95 on the south
side of l88th ST., 90 feet east of Audi
bon av. The building is expected to be
ready for occupancy in the early spring.
The two buildings at 10 and Is Beck
man ST., destroyed by fire last spring,
will be replaced by two modern six
story freproof structures. They have
been rented to Henry Lindenmeyr &
Sons for a long term of years at an
aggregate rental of over $4,000. The
brokers in the transaction were Cam
man. Voorhees, & Floyd, representing
the owners OF 16 Beekman St, and tire
Rutland & Whiting Company, repre-
senting the owners of Is Beekman st.
These new buildings will be decided
to Beekman ST., the first
block of which has been for many
years a paper section, and the housing
OF such a concern as the Lindenmeyr
Company in a freproof building will
be an Incentive 10 other owners on
this block 70 follow suit. This Will
insure, it is thought, the retention Of
the paper trade in this section.
VI. E L. Hess have placed for the
Mortgage Associates, Inc, owners Of
15l-l53 West 10Th ST., twelve story
building. a first mortgage
loan OF 100000 at per cent, for five
years, and for the Regain Realty Cor
poration, owners of 545S Lexington
av., being the southwest corner Of
Lexington av. and 25th ST.. seven
story and basement business building,
a first mortgage loan of Sl07,500, at D
per cent. for five years.