New-York tribune., 1922-12-17
FeO of Many Properties Which Figured Weeks Buying Movement
Congestion
Is Changing
Map ofCity
s.,oIsHOn and Traffic Have
Il 'Forced Revaluation; Peo-
nle Retreating Along Sub
rsy. in Advance Of Trade
u.E A. MacDOugsl

.,s.,t Of Greensboro Corporation
,,,r,.sing congestion Of pop
~ IA traffic New York has been
rlsn'1 -u,py - radical changes. New
rns.'so s,,s.r, have been developed,
s'sH. natural consequences. there
sno' r.-,S a marked and clearly de-
, "a '. 's,s,lss q population. Tho build
hneo -.-a, AZ he city since the war
ms - n. forss that are bringing
ino's.~ 49,, shanges, with their ct
i.'s.,. ~, drrisesns results.
.,.@.ion OF hotels, shops, loft
-, buildings during the last ten
eno e' sjt.feeu t,freeu Twenty-third and Fifty
yys.ss streets represents the greatest
i.-.evsment IN local real estate his
80 80 THIS development Of an active
frs,,ses section IN the midtown area
- N turn set IN motion forces which
~, produced a movement OF the resi-
1--tsi populatlon 70 the outlying dis
sssts of New York. This movement as
, rsttsr Of course has followed along
~ lines Of transit constructed during
y last ten years.
Too Much Business Here
A the business section has de-
Wiped traffic congestion, both transit
"a vehicular, has increased; this
hs further driven home 20 those re-
fing In this area the necessity Of
v,kng elsewhere for living quarters.
fhe abnormal increase Of rent for
hrsing accommodation has been an
Sksr important factor in stimulating
as exodus from Manhattan. Swollen
rrss finally resulted IN the enactment
4 Che so-ealled rent laws. which in
tru slowed down Manhattan constr1e-
Zen and confined IL largely to housing
q low priced land.
lia significant 20 note that the lafg-
ii Increase in housing In the last
drse years has been in Brooklyn and
oussns, showing that II is 20 these bor-
surhs that this shifting population Is
aiming for homes. The chief reason
lsr thIb choice Is the accessibility OF
Asms eenters In these boroughs TO
ul1town and downtown Manhattan,
"a the lower costs there found.
New York 10 fortunate In having
sonvenlent 20 tho congested sections
Al the city a marked increase In the
PRODUCTION Of housing facilities. Dur
hg tie last seven months plans have
keen hled In Queens and Brooklyn
tlons for moderate price apartments
and email houses 70 cost $3.50, 100000.
ina Brooklyn Heights district op-
ptsile downtown Manhattan gradually
!, changing from a section Of private
hone, 4, one Of apartments.
In the district directly east Of the
csntr, part u Manhattan thsre has
been dsFeloted the restricted eommu-
aitg y fsrden- apartment homes at
Iacktcn Heights. Here, where more
tksn 100000 900 has been Invested In
The construction Of garden apartments,
pprcximately one Thousand families
have purchased apartments under the
Iisfs0n Heights plan Of tenant-owner-
Ikip
Revolt Against Old Types
The garden apartment homes at
iaskson Heights mark 9 radical de-
prture from the standard type Of
ipinment building normally found In
lrrican cities. The construction Of
Ai buildings around large parked
egfts, affording a maximum Of sun,
hght and air, Is a principle adopted
wiginally from Europe, but still In It's
infancy in this country.
The growth Of Jackson Heights has
pntinued steadily along systematic
Ines. As apartments are sold, the con-
nruetion Of new blocks Of garden
ipartments proceeds.
Nearing completion are two new
boeks Of apartments, one by the
Dwight p Robinson Company, Of which
tbout 80 per cent already have been
pld, and the second by the ]. G.
White Engineering Corporation, sew
S1l buildings Of which will be ready
fsf occupancy within the next thirty
days A third group, comprising
mother entire block, Is under con
Lzuetion by the Stone & Webster
Company and will be ready about Feb
nary J.
By building on such a large scale
and by continuing sales throughout
Ne entire year II Is possible to obtain
nportant economies, and thus 20 at
hlrt an ever-increasing number Of
sntnt owners; these economies are
NJ possible where building operations
ne not concentrated. or are upon a
sallleE scale.
Jackson Heights has long since
passed the real estate development"
1ase. Il has assumed the proportions
a fair sized town. 1t 10 thriving,
eispendent community having its own
1its, clubs and churches. Two
nnth banks are under construction,
"stl As a public school.