New-York tribune., 1922-01-15

SC|e/VGN OF GTCHL/Ij7H q III
Millions and mjsions Of dollars viii
90 into ncw buildings this year Homes.
apartment houses hotels, Office build
'ngs. factories and garages py tne score
are now being planned or about ~ he
started in various sections OF thc
greater city. Holes arc now being dae
for foundations which will be started
just so soon as the weather viii make
such work feasible. In fact, builders
are not waiting fer what has been
termed IN the past seasonablc weather.
The urgency Of certain buildings has
forced contractors to find ways to over
come the weather conditions. with the
result that building may become an all
Yea:-round occupation instead Of a sea-
sonablc industry as in the past.
The promise of tax exemption is the
alluremcnt that has forced home and
apartment house builders to forget that
winter IS here and that it has been the
custom to stop work during this time.
The offer of cut OF $4,000 suite in
the tax value of y house if under way
before April. hxs spurrcd them to great
a,,nco ~ .bo 'a~O"' ',,, N'vS "a. ~"
ohsr,sv.d ''''' -
h'g rear IN h"''olhg
There is every reason to believe that
this Will be great building year. Con
Struction is being talked of on every
hand Architects saw that they have a
large amount of work on their boards
in various STAGES of completion and are
preparing to take ON more. Most OF
the work on the boards and that seen
in nrosnoc+ Is NOT of me hind tb.t vii,
bring iov into the hearts Of folks who
expected thaf this voar vonld see +hc
rcsumptjon og chean housn con;st,n,c.
zion and the end Of thc shortagc 'Thnrc
is a larcn ,monnt or residnnfi,i con-
struction in nrosnoct and now unIe,
,vav bnt IL T.. nf ~ o"lti,. l;md "' ,l..,
j. anartmcnt ha,sno r,b;cb ,,.;ll h.,.o
70 rant fn,. so5 ,.oo,,, .,,d ,,'are .''d
sr,all b,,,so fo 0'." i'.'o 4''. 'u0, ia'''
,vbich n,,,St ha ynid far s,-ona
$4,000 and more if .hn hnildors ar~
70 make money. Building prices and
labor wage schedules prevent the pro
dNc.lon o. houses that can be rented
for less than SD room, which is the
Great need of the city.
There lis an abundance of LARGO
uro locts about 10 be started or IN The
planning STAGE. It would seem tl,at
there arc not enough builders in the
metroOoiitan district for the amount
of work that is being considered for
spring launching.
The accommodating illustrations arc
of some Of the nrnieris o,bic} b"'.o
been announced recently and which
builders are determined 10 ret under
way soon. Some Of THESE are monu-
mental ami VIII involve large capital
ana large amount of building Skill
ana labor.
Inc cotton Exchange is to get It's
new exchange building under way Nav
l. When. 1t VIII razc the old exchange ,
puilclng on Hanover Square A. i. I
leIcourt says that he viii sta'- thes
,.; cons, ruc'ion OF several additional /
uG,lurusS III 'Ne garment trace district (
".'''n a Ie" months. IN the Union /
"qu"'e u's,iic' several structural pro-
VIZ pe wei Vhder construction
"i"'s weeks nave passed.
Construction in Central Zone
In the Grand Central zone cons.ruc.
tion of the Pershing Sonar h,,ild;no,
and the skvscraDer branch Of thn Do,,7
cry Savings Bank on the old Cr.,,,d
Union Hotel site have been star,ad
An Office building for the use of law
yers Is planned for early construction
neNt to the Bar Association. extending
through the block from Forty-third to
orty fourth Street. AT the northeast
corner OF Eighth Avenue and Forty
tnlrd street hotel that will cost per
~, nai '-'ooV'oVo was started within the ,
x" &c" Gays.
NeVcral apartment houses arc pro
1ec'e" Tor W est and East side locations.
1a'4Is l.. Zee mas taken the site lost
oy the international Sporting Club the
s;gbth S+'aat ree%'"s sson ANehVe ana fo4ty-
inc apartment honsc Tbn 1nnat;om gm :;
which the Princeton Clnh asn";rod 'V';ro
several Years ago as a site for t1a.s enciai
headquarters, the northeast co'ney 90'a ar
ark Avenue and Fifty-cjol,tb S4,on,
las been secured for nm an.r,,,,o,t
lousc that viii be under constrnrt;or '''ti.,'
before the summer has arrived eovn s,V"
al smaller ones have been startad or
re about to be started II tbis ,inn Tas+
side residential section.
On Seventy-first Street. hctwccr Co. !
umbus Avenue and Broadv-sv tbo
rection of apartment homes for sixtv-