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Show HEWHOUSE llTH III 21 I . r Acres of Ground in of Salt Lake -.City. ND FIVE i IN IMPROVEMENT i ' Iteel Sky-Scrapers 'pnstructed: Great ile to Salt Lake. f house yesterday consum-cbaso-of over $1,000,000 estate the largest inli-j inli-j of real estate ever made improvements which he cost $5,000,000 more. His tclude the following pieces m, " e:- Ssouth half of the block fcTain, State, Third and Jstreets, except the prop- ich stands the Federation II' and the old Kimball J f ' I c corner of Fourth South ojs. M !eet square at thcouth-rstate thcouth-rstate and FourthSouth R. "Walker corner, with a LSI feet on Main street gpn Fourth South street. IfoEnormous Buildiug3. jjjfijiloek. between Main and HpMr. Walker will erect lVy steel building and an lip Scl - building. The hitter arsvycrs' building," and in jKac proposes to install a ftr tho benefit of his tcn-i7Rer tcn-i7Rer building will be de-I de-I al business and ofiice pur- use will open a street 06 jjn- m front of the Fed-flf'ou Fed-flf'ou Main street to State "Street he will sidewalk and jsdedicates it to the city, hich will be devoted to RMr. Ncwhousc $J5S,000, jwcmcnls which he will jjre dedicating it to the iSTi another $00,000. SSst", Out at Last. MSalt Lake people have yj'as to the ideutity of fijof tho real estate in this gjjcity. Humors that JS. Jwas the purchaser havo Wfit :has also 'been claimed Jflferiv.m, the Goldfield fiuau-purehaser. 3ay Mr. Xewhouse ac-imsclf'tho ac-imsclf'tho purchaser, and mi that part of the for-tniassed for-tniassed in Utah mines is fin a big Snlt Lake realty biggest in the hi'stor3' of llghnounccment of the iden-jjffirchosor, iden-jjffirchosor, and his treinen-.ure treinen-.ure tho Bensation of tho gporld. jA&of the Purchase, sreal estate deal recontly JfSd consummated by Sam-Jttfiavolres Sam-Jttfiavolres about seven (7) Mlral business property-. Releven corners and three IWh mile of frontages. It gjwf the south half of the jbetwen Main and State tithe corner where stands fill? oC La,)0r building and goall corner, at Main nnd streets. Mr. Newhonse Jd the corner opposite the PjZt Labor building on the -mncr of State and Fourth Recovering nn urea of K35 lijgso the J. R. Walker eor-Eon eor-Eon rain street by 1(35 ith South street, eat Steel Buildings, fjgft block purchased a street jRViII bo cut through from ptroet, opposite the Fed-I.A Fed-I.A building with a front-Scot front-Scot on the now street and jjjlaiu street, twelve stories JMc erectod. Tt will bo a graper," constructed of HRorra-ootta and marble, icing north, immediately opposite the twelve-story building, will bo constructed of the samo material, and will bo 66 feet frontage on Main street by 150 feet front ou the now street, and will bo eight stories high, designed especially for the use of lawyers law-yers and will contain a fine law library for the uso of legal tenant's, the convenience conve-nience to courts being the object of putting the oftices in the building to this use. These two buildings will bo connected con-nected by tunnel, heated and lighted by a private plant, and tho very best service ser-vice may always be relied upon. The latest idea of refrigerating machinery for cooling the interior of tho buildings will be introduced, a pneumatic tube system will connect the buildings with the postofficc, and the lotters dropped into the tubes will forthwith scoot to the postofficc. Before turning over title to the city of the street, Mr. 2sTcwhouse will construct con-struct sidew.alks and pave the street. Underneath these streets will be a system sys-tem of tunnels, carrying electric light, telephone and telegraph wires. Tho streets will be lighted by the most modern mod-ern lighting system, that will make it the best lighted district in tho city. Great Gift to -City. Mr. Newhouse will have paid in cash $15S,000 for the ground that he will devote to streets and $50,000 more for the improvements of the same. It is i his intention to make this the business center of tho city on account of the structures which he will erect on tho eleven corners under his control, all being within a block of the city and county building. By making these now streets he will also control three-quarters of a mile of frontage, and no building will go up on this property that will not conform in beauty and style of architecture to the great steel buildings. A National bank will occupy tho ground floor in ono of the buildings, and a trust company, equipped with a high-class, high-class, modern safety deposit vault, will occupy the ground floor in the other building. One of the principal broker-ago broker-ago houses of the city will also have quarters on the ground floor of one of the buildings. A prominent New York architect is now engaged on. the plans and will be here in a few days to consider local conditions. This architect has erected over one hundred "sky-scrapers" aud therefore brings to bear ripe experience in such constructions. Immense Sum Involved. The purchase of this property, involving involv-ing a cash outlay of over $1,000,000, has been made by Mr. Newhouso individually. indi-vidually. The two buildings will also be his individual propcrt'. A new hotel ho-tel and opera-house combined is to bo erected on the Walker .purchase, corner Fourth South and Main streets. The syndicate for the erection of this hotel is already well advanced. Mr. Lawrence Townscnd, who recently recent-ly joined Mr. Newhouso 's staff, for the purpose of especially caring for tho real estate enterprises, has rcceutl' received in a quiet way applications for space in the new .buildings by the large corporations cor-porations operating iu the valley. A Philadelphia syndicate, that conducts con-ducts large department stores in the large cities, has been for some time looking for au entrance into Salt Lake. On receipt of a telegram from Mr. New-house, New-house, explaining this big enterprise of his, they replied asking an option on one of the corners for their store. Shows Faith in Zion. It is because of his great faith in the natural resources of Utah, and because be-cause he has made his money here' he should spend it here, that has led him to make this tremendous investment. The wonderful development of the Cactus Cac-tus mind and the health' condition of the Boston mines make him fccltniore than justified in plunging into Salt Lake realty. Mr. Newiiouse for the past six months has known that Salt Lake was on the eve of such heavy advances and such great growth that there could be but one result follow, and that is a doubling in value of choice inside property, in less time than has ever been known in xthc history of the West. No man Iiob over made so courageous a purchase iu city real estate, involving in one deal seven acres of property, three-quarters of a mile frontage, and eleven splendid corners. Tho impetus given to Salt Lake City bj- such tremendous investment cannot hplp attracting the attention of investors inves-tors of other cities, and their entrance into tho business life of Salt Lake will send Salt Lake whirling ahead during 1007 at an unprecedented pace. |