The sun., 1918-08-18

remove them and erect buildings OF not
more than two stories on the sites. How
extensive Is this movement cannot be
said at this time. but II must be large
judging BY the taE of real estate men
ana from the building plans and pro-
posed alterations which have been
noticed in the last six months
WILDER c. Goodale, president of the
Madison Square Mortgage Company and
large owner Of property throughout
the midtown section and the blocks west
OF that neighborhood. is planning to cut
TWO stories OF the four story building at
zS2 seventh avenue which he bought re-
Gently Mrs. Rosanna Bachelor liz plan
ning TO have three stories taken Off the
hve story house at 20 West Twenty
sixth street and the building prepared
Ter business occupancy. Elmer A.
Darling, proprietor of the old and ia
nous Fifth Avenue Hotel for many
years has similar intentions for the
building he owns on the east side of
Broadway between Tenth and Twelfth
streets. OnGF1fth avenue the Markham
Realty Company. a syndicate OF some
OF the best Informed real estate men In
the city. erected recently two story
building on the site of a five story
building. the Andrew property, at 1872
Fifth avenue. which is just north of
Twenty second street. section which
warrants building OF much greater
height. Up Broadway a few blocks and
on the site of the old Weber Theatre,
which Is just north of Twenty-ninth
street. two story building has been
erected.
The Chesebrough Realty Company
bought an old church on Madison avenue
last year. Instead of building a tall
building on the site. which has width
and depth enough to warrant an inten-
sive Development. the church was made
over, a new front put in and the place
rented for trade.
A walk about the city will disclose
many incidents of recession in our
building policy 1t would seem as II
New York had decided to try building UP
anew and, like a village, has started
with one and two story buildings. to be
Increased later as the needs Of sections
increased.
The seriousness OF such a reversal Is
not difficult to see. 1t would be a men.
ace to the future commercial develop
ment of the city. Concerns would not be
able to locate here for lack Of premises.
because buildings in the business Sec
ton such as those mentioned above
would accommodate not more than two
concerns at the very most instead of
twelve or more The scarcity OF prem
ises would make the incomes from these
properties considerable in proportion to
the investment
What 10 more. practically the entire
income might b. termed % net @ince the
expenses OF operation would be slight.
There would be no need OF steam except
for heat and manufacturing PURPOSES.
and perhaps electricity would meet both
bills. There would be no need of an ele-
vator or porters, Janitors or engineers.
The Fire Department and the Labor Bu.
reau and the other departments which
are so irksome TO the owners of business
buildings would no longer be bugbears
to them. Each tenant would have to
meet the requirements. OF the labor and
fire departments, which would relieve
the owner of the need of living on the
front step OF his building to see that the
multitude Of orders and ordinances cover
ing tall business buildings such as those
through the midtown section are COM
piled with by tenantry which cares
nothing about the troubles which 1t
brings to the owner.
New elements OF safety which are
being developed from time to time need
not worry the owner of the small build
ing. because he Is Just outside the jurls-
diction OF many of the overseeing de-
partments and the new devices which
have been invented since the Triangle
Building fire OF dozen years ago
One man vino has reduced the height
of his building jo village proportions
said yesterday that he was driven to 1t
by the overinspection and lack of con-
sideration of the expense and trouble
which the various departments place on
the shoulders of building owner. Most
OF his buildings are of the five and six
story height. tenemehts and dwellings
which have been made over for trade In
keeping with the changed character OF
the sections I'm which they are located
He claims that the records of the Fire
Department do not contain single in