The evening world. [volume] (New York, N.Y.) 1887-1931, 1921-02-26
S28,4O9,5OO FOR
TWO MONTHS OF
CITY BUILDING
Housing Projects Increase as
Flats Spread Through Rapid
Transit Suburbs.
ENCOURAGING FEATURE.
Further Deflation of Labor and
Materials Still ConSid-
cred Necessary.

filed plans for total Outlays Of $685.
4oo, 500 during the first two months Of
the year.
This Is only a little more than half
the record for the corresponding
period last year. which was t52.3S6.-
100, but an encouraging feature IL the
strong proportion OF residential pro-
iects-from a quarter TO a third Of
the entire volume.
Flats and apartments, a negligible
feature of last years operations, are
oreasing-especialy structures for
moderate rentals. sites and ready
builders are waiting In all parts OF
the city for reasonable loans, but the
main obstacle still Ia lack Of money.
Builders As yet cannot see their way
clear Tor investing more than 10 TO
80 per cent. in their projects, seeking
loans 20 cover the balance, while lend
ers refuse as a rule TO advance more
than so or 90 per cent. This leaves
an untitled abyss OF 10 to 20 per cent
between the two essential factors for
general building campaign, and
both sides seem 10 be convinced that
II can be bridged only by further
drastic deflation Of both labor and
materials.
This condition applies mainly 70
large city operations in apartments.
Through suourban districts builders
OF private dwellings are going ahead
almost at normal pace. And many
projectors OF apartments are moving
out into the same sections az the most
available means for bridging the
chasm between inflated costa and
shrunken loans, the cheaper outlying
land going far toward counterbalanc-
ing the too high costs OF labor and
materials. Steadily improving rapid
transit is Offering much help for this
SUBURBAN expansion OF nat builders.
CHEAP SUBURBAN AND GOOD
TRANSIT WINNING.
In fact. cheap land and rapid tran
sit are establishing Brooklyn, tho
Bronx and Queens as logical fields for
housing the masses, Manhattan being
reserved chiefly for those who can af-
ford high rentals. This was Illus
trated during the past week In plans
for two typical projects by the Brook
lyn architects, ShRmpan a Shampan
100000 apartments to he built by
Charles ;loell Construction Company
~ the southwest corner of Albany
Avenue and Carroll Street in that
borough, and 100000 apartments, to
house thirty-siN families, on AlBop
Street near Shelton Avenue, in ia
Inaica, for Thrift Home Providing
Company. In the Bronx the week
recorded such projects as sSbo,oOO
fiAts for Frank Begrisch on the LOOK
1861 southwest corner of Burnside
and Crestnn Avenues. and 100000
hats for George +. Johnson estate on
the west side OF Southern Boulevard.
AGO feet south OF Longwood Avenue.
In Manhattan, the character OF the
residential building revival was reg1E-
tered In terms OF units we'll above
the $1,000, 900 class. The largest oper-
alton was the sale OF thirty lots on
Riverside Drive. 1920 to 1880 Street
BY Harris g. Maurice MRndelbaum
Fisher g. Irving Levine. TO a syndi-
cate that viii build five siX-story
structures calling for $1,000, 00--thS
most pretentious project OF the year
thus far and conducted by operators
who have put up twenty-five BIS
APARTMENT houses in the same district
on the old Loyal l.. Smith tract oi
MO lots, financed mainly by Metro.
politan Life Insurance Company
lo1ns.
Another syndicate bought Ia Sail,
Institute on 5Sth and 69th Streets
facing Central Park, as site fol
$4,000, 900 skyscraper apartments. 4
Douglas L. Gilman & Co. syndicat,
was formed 20 build fourteen-s tor!
cooperative apartments on tn,
southeast corner OF Park Avenue an,
SD Street, held under long lease b,
samuel Augenblick. at a cost o
81, $50, 900. Henry Claman flled plan
for a fourteen story hotel 20 cos
$1,000, 900 on the northeast corne
Of Eighth Avenue and 43d Street tn
entire operation 10 call for f2,250,OOl
And to show that even old district
are coming in for extensive recon
struction the Edward Corning Com
pany was awarded contracts 70
apartments designed by Goodwin
Bullard g. Woolsey. architects. at M
~ Commerce Street and Nos. 7G-s
Bedford Street.
$4,000. 900 IN TWO MONTHS MAN
HAITIAN BUILDING.
Greater City records since the Il
Of the year show Manhattan buildir
plans filed for $4,000, 900. OF whiC
So 100, 0cO Is for alterations OF o.
structures, the rest for new building
This compares with 1872. SOC, 900 for Il
corresponding period last year. VIII,
81. $50 900 went for alterations.
Brooklyn's total, al0,420, 200. lnclud
N,4i0. 600 alterations. II stands again
The 1870 record OF S9,500.000 wi
81 200. 900 alterations.
The Bronx scores sS,9i5,00O, ne
buildings taking 1914, 900 in oompal
son with S3.750,O0O for new work al
el5l, 400 for alterations last year
Queens shows tS,4l5 900. Of Will
$500 goes for alterations A ye
ago new work took 1915, 900 al
$3.50 900 went for alterations.
Richmond has filed plans for $780,
new buildings and S29.l alteration
against the 1920 record Of S225 900 n,
buildings and sl4750 alterations.
rhrnighoIr the metropolitan a
trict building and enRinec ring oper
lions reported by +. w. Dodge Coz
pany for an average current we
call for t9.Gf5.500 on plans for
projects and S5.4O5, 900 on contra,
actually awarded for l59 projects
I've 8f3 plans prepared, 2lO were re
genital al S8.ii7i00. or the i59 co
rrnafn a ma r1rn az uera rogidenf