Show IN lOCAl REAL I Millionaire Mine and Smelter Owner Shows His Faith in ip Utah and Salt Lake Wa ip a Sub Substantial Substantial Way W y Starts Work on Two Magnificent Steel Office Buildings for South Main Street and Will Open Pave and Present to the City Two Fine Business Thoroughfares Thoroughfare THE BIG DEAL AT A GLANCE I Property Purchased Practically the complete lower half of the bl ck between Main Fo Forth rth South and State streets the Lichtenstein Walk Walker er and Rosenfeld corners in Immediate vicinity Purchased By Samuel Newhouse of Salt Lake Consideration Involved to be paid down d wn in cash sixty days Improvements Proposed The construction o cf 01 two sky sk scrapers two new streets and other improvements all to cost The Newhouse Holdings Comprise of a busi bual business business ness street frontage and eleven downtown business corners orners The Proposed Sky Scrapers Ten days has already b been en done on their plans and the he steel superstructure is dered o The most gigantic individual deal in commercial real estate ever attempted In Salt Lake City Cit and one of the most im Ig important Important and significant transactions of t tIts its kind the entire west has known in Inears years ears was consummated here last night when Samuel Newhouse the tue multimillionaire multimillionaire magnate of this city se secured secured Secured cured the final option that gives him con control control control of practically a complete te half haI block of property in the heart of Salt Lakes retail business s district and three big cor eor corners corners ners nen outside the block in its immediate vicinity iu all of a mile mie of business street frontage and eleven downtown business corners comets The Tue deal Involves a consideration of 1 to be paid out In iii cash for the property now no held under tinder option by b Mr Ir Newhouse within the next sixty days das the tue expenditure of or 5 in improving the property including the erection or ot two and the opening up P of oC two new streets and finally the immedi immediate ate acquisition of or more property in the vicinity of ot the half halt block purchased yes yesterday yesterday es esI I I Where Property Lies I This half block is ig the lower halt half of the block bounded by Third South street Main aln Fourth South and State streets The Newhouse options cover coer every picc of property in tile the half halt block but the th cornet comet at Main and Fourth South streets owned own Id by b Mrs Irs Julia Kimball and the foot corner at nt State and Fourth Fisher I three corners rs outside the half hull block blocki i but purchased with it are Ire the th Walker alker corner at Main and Fourth South streets street feet fett opposite St Pauls Episcopal church the M l B Lichtenstein corner I feet at Main and Fourth South i streets opposite the Kimball J corner on I Main street and the Fred A R B Rosen f ld corne corner at Fourth South and State streets street feet opposite the Federa Federation Federation tion of Labor hall hail on Fourth South street What the Move Means From his big office of ice on eu the sixth floor of the Dooly block Samuel Newhouse in hit last two weeks has h s planned directed and anti executed a project that means a profit to himself ot or from to the rehabilitation of the lower section o or of Salt SaIt Lakes Lales retail district and the prop propagating propagating of an activity in tIle the local real es estate estate estate tate market that promises to send Salt lake swinging through the opening doors of progress ss out into the glare of or a anew new m I Turning from front his mines a moment he ho hohas has jumped to a new field with the swift sure of ot a man who plans plan and acts in millions while the men he lunches with the tile men he lie works with spend their thousands He is IJ Pack hack at his ore shafts today tOllay He has spent his million for a half block or orso orso orso so of property hes told his manager to build thereon two office buildings and to open up tip two streets street ts This manager manal tr Lafayette Hanchett has taken the scarce seare sear e eI I uttered littered cue and while his chief tied up i the last few odds and ends of ot corner lots orders order have hae gone rushing eastward for forI I steel for the th superstructures of a twelve I and an building and one of ot i the foremost architectural engineers in InIs America is ten days da 5 along on the plans for these same Ome buildings I Does Big Things With Ease The mining man has released the reins Even Een last night but a moment after his pen had closed the last option In the big bl I deal he was through It was Mr r Han Hanchett HanI chett who met the newspaper men and I told them of or the purchase lIe He of ot nU the I inner office spent the evening at home with his family The rhe Herald called him up tip and asked him for his picture No Xo tired laugh came answering back over ever the wire but a hale and hearty peal that in Its wholesomeness bespoke a aman aman aman man well satisfied with his days day work content for an evening with his family and md new deals tomorrow Great Game of Wits Salt SaIt Lake has never known a harder faster sharper game gamo of or wits and money than the one that for the last two weeks has been waged over the half block of property that this morning stands In Samuel name Tuttle Bros handled the options for the mining man Theres been no office hours for the men Iwho who worked these options Conferences I plans and counter plans bids for prop pro property property erty and actual purchases have followed I each other In Ia quick succession No 0 Im Imperial Imi i penal ruler ever guarded a state secret eert closer than the men back of or the tho New Newhouse j I house project have guarded their th lr move movements i ments menta A single untimely leak meant ruination for a mammoth scheme Time I and again a half halt dozen other agents tried for options on this piece of prop property property erty in inthe half block opposite op the office during the past ten days da s and to tono ton tono II no n avail aall A ip the thai 1 t a n half da 3 hard rd work I 1 y v yn ya n a porter iud jini tt Th Ti Ir a its ils r the news newa of the luj ig Ii iloa This Thi vis cas the nt morning of the sau saI of f 11 fet feet f t of oth the l nil property Tuti i u Fly denied their with the till Salt eh I various arious theories Wt ve e a ali aio as ast I II I li t l tji t 1 of II to toI it Where Came Ca e In IB I The fhe entering nt wedge tl e held heIll fast and siow slow slowly ly l but surely surel Wednesday the details nt ut the big deal were wre unearthed Thursday morning The Herald exclusively an announced announced i the sale salo of ot the R B K F Miller property on State and Fourth streets the thic th up of the QI bI Whit Whittaker i iI taker property on Fourth South between I I Main and arid State streets by iJ option the sale of the Marks property on Main ilan the tip up of or the tha Brown Brawn Br wn Terry Wood Voad Woodruff Woodruff ruff ruf property on State Stute by b options anI ami the probable sale Rale of the tho lot on Main street The he Herald said that Sam Satu Samuel Samuel uel Newhouse was unquestionably the thc thee i e I purchaser of the halt half lock block of ot and that Tuttle Brothers were acting as his agents Principal and aul agent in i frenzy of ot excitement hastily h denIed dented th story To 10 admit it ft might mean a Ios of thousands of dollars perhaps worst worp Then came a n day and night of ot feverish work and the tile million dollars worth of ot wa was secure If It Happens Hut a few tw hours hoars behind the final con consummation consummation summation of the deal The Herald day morning announced exclusive the tile sale of the Lichtenstein corner M t 1 Mr lr The real estate mark markt t twan was wan stirred to Its depth At the Com Corn Commercial Commercial mercial and Alta AHa clubs the tIle big bl deal was vai the sole topic of o conversation Was as it t really r lly Newhouse Was Va it Harriman Or Ir r was it an easterner The Heralds sin stu sr ries were discussed from every eer view vies viewpoint point With the gamp game at Its height and ana Salt SaIt Lake Lalie watching for or every word news at 1 3 i yesterday I the cards were thrown down and und the big sale was vas given ghen to the papers At Latette Hanchett in Mr Ir 0 o ilces lice In the Dooly Doo blod made a R full fun statement of ot the plane plan for the improvement of the tha property purchased d Law Office Building These embrace first the erection st lit once enee at of a story office immediately to 10 the north of the tl n v street to be run rim from Main to tb b Stai StaL l streets t sixty feet south of ot the corner f r the ho block wilt be a effic effi of fk building sixty sint feet wide and 1115 1 ft f t deep The pl of ot dropping the nw i street sixty fe feet fett t south of the center f I the block was deckled upon to give Jie roc roo rooI in I for or the tue law office structure The fhe str t twill twill twill will be feet wide Then from the center of ot this street strett between Mai fi and State a t second new street will b n I constructed running nning ri n south through th renter center of the half block bl ck l u t Fourth South street corresponding to Church street across It ross Fourth South Steel Stcl Building No 2 The Tile second sec office building is s to b be con eon on Main street immediately of ot the tue new street running from rom Main to State streets This will be a ni 31 i office building The t tw twit i buildings are art to tl be constructed of or steel stEPI terra cotta granite and marble Orders i have hat been rushed rushell estby C est At by wire to tf tip th United States Steel corporation for th thy I steel superstructure of th the two new DP buildings building Mr Newhouse t declares they the th thI I will be the finest structures of t their kir kiri kint kintI l lever ever eer erected in a western city In th I law building one of the finest law libra libre rl rles ries s obtainable Is to be installed Th Tb new streets are art to be tunneled for fot a 11 wires sewers and trunk lines Hives The fin and antI furnishing of the two offie buildings will vill be 1 the finest be had These tire are hut details of or the that thatIs Is already on its way wa Fine Gift to The two streets to be constructed wll be and a paved and when ont ontI I finished will be turned over oer tu tv the city gratis These streets have cost coat I Samuel Newhouse Just in cash for forthe forthe forthe the bare land The plans for the building are alread ten tell days along Mr Newhouse refuses i ifor for the thc present to disclose the name t the tile architectural engineer who is plan planning planning ning them but states that he is Ia one e ethe the foremost of ot his life kind in America and has over oer of the finest skyscraper M Min in m the country countr to tu his credit Two Salt SaiL Lake banks have already eon con traded for the tile ground floor floer space in tn the tha two new buildings One of or is tin the l tah National bank le n purchased p d by b AV W S McCornick Mr Ir has but little to sa say o 0 oi i itile the tile gigantic deal he has put through but the statement he has made Is pt pc p 10 to the point What Says I want it understood that thet the purchase of or this property is the direct result of or orthe the tile remarkable in the richness 8 of ot the Cactus mines and anti the tiie Boston Con Consolidated declared Mr tr Nen Newhouse house last evening hI I 1 have hae taken millions from Utah mountains aid I will spend it in the I state 1 I believe bellee In the future of Salt Lake as 1 I believe belle in hi few lew other things in the west I J elleve the mines of Uta will give ghe up tip millions more of ot dollars and 1 beleve that they should be b u us ui ij oj in the tile development of and her cities The rite significance of thesa words mec me rut IS I much to Salt Lake A dozen big deis I II I are today In the tile making in tho the bu section of the city From every eer quarter I comes the cry cr that the retail district i moving southward Main aln street Is to in 1 I paved below Fourth South street to il ii Salt Palace Surely if slowly must corn com the paving of the intersecting t tand I and with thin title the establishment of or big thriving retail stores End Is Not in Sight In all probability Mr lr Newhouse is nut Hilt t done buying downtown property Tutu Bi others intimated as much I when Vh announcing the lit r Phipps Jr son of the east steel 51 el man arrived in the city afternoon and held a long conference wit ti a aMr Mr Newhouse at Tuttle Brothers Broth rs of f flees Both men were enthusiastic over oter the th advancement of Salt Lake and the th lh thI prospects Mr lr Phipps Is here herp look lookIng looking I Ing inc after his fathers real estate interests Interest Theres another side to yesterdays y bu bi deal other than M 1 Newhouse darin and an the profit he has ha already alread made m de in t property It is the profits that hav I bt bu reaped by b the hollers of or the th lots A Newhouse has pur ased It Js Is s und thud stood that the of ot BroWn rown Terry Woodruff on State H street with willi a frontage of approximately y EQ 11 fett Continued on Page 2 z J u t SE INVESTS IN REAL ESTATE Continued from Page 1 brought approximately The Time foot Kimball lot on Main aln street brought 1000 a front foot or 12 The property on Main street went for liO a front foot or property immediately south of the Marks larks lot Jot on Main aln with Its frontage went vent for 0 The Tho feet oi or 0 the property on Fourth Fourt went for fot approximately 1000 R B F E Miller sold his s two lots nt ht ro State Stale and 3 i Fourth South Bouth street for O To the State street property hay hav ha ing a frontage of 33 8 4 feet and the Fourth South street property a n frontage of CG GG feet High Prices for Ground The I Walker alker corner itis an d sold JOld for 1250 10 affront foot or 01 f orner is said to have been leen h n sold BOld for fot close 1150 to so UJ and the Lichtenstein property at Fourth ana anil an Main streets south of the postoffice went I for approximately It is rumored that Mr Lichtenstein ln cleared over l on this piece of ot property in four months time It is probable that some of the property prop sold Mr 11 went for more money mone than has Jr as been announced Mr 11 New said last night I r am going to have the money mone I paid for ev erry ry piece of property named in the time deed d d of that prop erty to me so that Salt Lake people can see exactly what I am paying for the property I 1 buy here A dozen bis bir bl real estate men declared last night after hearing of Mr Ir New houses housos purchase that lie he could sell sen his half block today and realize profit iro fit fiton on hIs liis deal I Salt Lake on a Boom Salt Lakes realty market has started on n a boom that promises to bring pring the city into leto a greater prominence commercially than it has lIas ever enjoyed It is a boom with a sound Rard arll base a boom that will last if the present indications are to be relied upon Harriman Hamman Is here hero with millions to spend Gould is at the tho thresh hold the air is filled with talk of inter and new railroads and the tile New house purchase seems but to have added the crowning stroke Salt Lake is off on ona ona ona a race course of metropolitan advance advancement ment meat and progress far removed from the characteristic of its early mining camp c mp period The Fisher and Kimball corner in his halt half block Mr Ill could not set get et at atan any an price Mr Fisher refused to sell seU and has lies made no promises as to improvements for his corner Mrs airs Kimball however told the time Herald Wednesday Ye that she had considered l plans for Improving her corner and it is very probable an office and store building will willbo willbe be bo erected on |