Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-30
RALIY BUSINESS
KEEPS PACE WITH
POPULATION GAIN
Suburban Sections, Once Ise.
: lated, Now Bear Testimony
= to Expansion of Home Dis
: 1rictS

estate business and that II has grown
IL lttested by facts and figures. The
growth. however, has not been
through an increase in area, for 1t
had reached its present limits pre-
vious 20 1919, but by the acquisition
OF land within the limits and the
building OF homes upon this land by
the great influx Of new corners Of
the last five years. According 70 IN
official figures the population Of
Honolulu today is nearly twice that
OF 1910 and naturally a large per.
centage Of these persons purchased
land.
There are two principal features
which stand out strongly in the
growth Of the real estate business in
Honolulu since 1872, according 70 real
estate men, and which indicates
clearly that Honolulu is fast chang
Ing frC m q town to full fledged mod
ern city.
One, and probably the most import
ant. Is that practically every vacant
lot In the city proper, or that part
inside Of the subdivisions, has been
taken up, and In the case of large lots
many have been cut up into small
building lots. The other is that the
business section Of the city itself is
constantly creeping out in all direc-
tons and usurping the sections which
formerly were considered entirely
residential.
Honolulu 10 spread out over q large
area but the limits we're fixed before
1912 and the growth has been entirely
Urban except in few isolated cases.
At the beginning OF 1912 kaimulSi,
College park IN Manoa valley, Kapio-
l1ni tract In Kalihi, Alewa heights,
Beach Walk district, Royal Grove and
Pacific Heights and many smaller
sections nearer TO the business cen
Ger had already been sub-diyided by
real estate men ana on the map.
New Sections Built Up
These sections, however, were
Eparsely populated and il remained
Tor The past five years TO see a large
proportion Of all Of them built up
which ID another important feature in
the growth OF the city. Particularly
IS this true Of Kaimuki and the Beach
Walk district. H.. So
Before 1912 the business section OF
the city was practically confined III
the district bounded by Alakea, Bere7
tania, Liiiha and the waterfront.
Since then the business houses have
crept waikiki to AIapa1 and On King
street even further and eva 70 the
Palma tire station.
The only two new residential sec.
tionb which have been opened up
diner 1912 and have increased the
Populated area OF the city are the
DoNsett tract and the Mclnerny tract,
the lots Of which are also finding |
ready buyers.
in the last two years there have
been number Of valuable pieces OF |
property IN the business district
which have changed hands, but dur.
ing the three years previous the
demand was slight. i
Hotsnt Land Sales
The most important Of the recent |
purchases Of business property was
The Mahuka site, which was sold BY
Tie federal government at public auc. |
ton 20 Castle q Cooke for s475,000, |
the largest amount ever paid for q
eiDilsf AREA. Other recent sales are |
the Levers & Cooke building and |
property 70 the Wilcox interests, the |
purchase by the Theo. II. Davies
= Company Of the land makai OF Mer-
chnnt street between Bishop and Ala |
kt4. the Irwin site at the corner OF |
King and Richards to the federal gov
ernment, the Mott-Smith property at |
ne corner Of Fort and Hotel, to A. w.
Lomes: another site TO q Dem
Eef cattleman, and several pieces In /
me Oriental section OF the city. |
n the residential section some OF /
Tie more recent sales OF land for i
large figures are the old SpreckelsI
home property on Punahou street, the /
Iones estate on Nuuanu street, the
NcCully tract on South King street
md the Hustace property. on Kalaka.
na avenue.
price IN Honolulu Is evident from the
prices which most OF the property
named above brought and the one
hing which has probably done more
% hiring it about than any other direct I
,au1e. except the natural Increase due
% the growth Of the city, is the front.
= TAX law. Real estate men agree
- this. ~ =. l.
Many oDctions Of the city which had
|LU6ined practically Inactive sudden.
II came 70 life when q paved street
I1e put through even though the
'Itberty WIS not directly on the, I'm.
'I0Iod thoroughfare. Waikiki is an
ample Of this and the PunchbowlI
'|I|I|ct q another.
mother interesting feature OF the
|I1uth of the city, especially I'm re.
.1.I years. IL the steady flow OF
&.DIe from the other islands who
.@I1 come here to buy and settle in
I|1r 20 take advantage OF city life.
I1nco Along Artistic Lines II
Illustrating the advance along arts.
IS . well a. practical lines In the |
.|| estate business. the development
I'd beautffication Of residence tracts
..1rres special mention. Il Is no
q. @tr POSSIBLE merely % put tract
I. |he market with no facilities such
4. |,reets. sidewalks and preparations
- Ike Installation 81 utilities.
III