Show SAMUEL NEWHOUSE PREPARES TO ERECT A f BUSINESS BLOCK IN NEW NEWYORK YORK Special to The Herald Denver Colo Cole Nov W Samu l New Newhouse Newhouse Newhouse house the millionaire mine owner of Colorado and Utah is planning to build one of the most mo t imposing business blocks I in the city ity of f New York It will be situated on R II piece of ot prop property property property erty that Mr Newhouse acquire about of oC Bd Bad Badway two years ago at the junction way war Fifth avenue and street treet directly opposite o te the Fifth Avenue A hotel hotl The block will be bP fifteen stories high and will cost coat The rhe land upon which the building will be erected i is considered one on of o the most valuable pI tracts in the world wor If it were covered over with l a gold pieces such a carpet would be scarcely eno enough b to pay for the land The building will have a frontage of feet on roadway J and teet meet on 00 avenue venue a coming almost to a point at street There will be a abasement abasement basement and subbasement that will wUl ex extend extend extend tend under the streets at either side aide giving pv lv lvin ing in a ml width of nearly sixty feet under uner underground ground greeter greater ler than thad th that t above Already there then have been several applications for space apace in the new building the plans of which architects are art working on |