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Show QUIET WEEK FOR THEJAin MEN Visitors to Conference and Fair, Howeyer, Make Many Inquiries. SEEDS SOON THAT WILL RESULT IN RICH HARVEST Demand Still Firm for Business Busi-ness and Residential Property. The wock in the real estate market, as far as completed deals aro concerned, con-cerned, has been a quiet one. The conference con-ference and fair havo brought many inquiries in-quiries and many bona fide purchasers to tho city, but no deals of any great magnitude have been recorded. Tho demand for business and residential resi-dential locations has had the effect of creating a greater value for properties all over the citj'. A As previously stated, many out-of-town business men who desiro lo locate lo-cate here, havo found it absolutely impossible im-possible to find a suitablo location, or any location at all. for that mattor, and in 'view of this situation, the property owners arc awakening to tho fact that tho business section must expand, which, in the course of evolution, means that the residential district must go farther out. As this situation is becoming more widely known, the demand for suburban subur-ban properly is becoming greater, with a consequent increase in the price o that class of property. Instances of property in Salt Lake City increasing in value to the extent' of 1000 per cent aro not uncommon. Tho condemnation proceedings recently re-cently brought b- the government to acquire a plot of ground near tho federal fed-eral building is an instance, and for which the owners asked $1500 per front foot. At a foreclosure sale in lSDo, Aaron Keyser bid in a portion of this property .'it $100 a front foot, and that was considered a gool price. Tu IDOfi he sold it for $175 per front fool, and had receivod other returns during the oleven years that he owned it, that meant many thousands of dollars. Tn 100S the property again sold, this time for $1000 a front foot, and now it is held at $1500 per front foot, and even at that priop it is as low as what Mr. Newhouse paid a year ago for Main street proportj-, and onlv half of what Main street. is now rated at. Sales Aro Reported. Building all over the city goes on apaco. and gives direct evidence of Salt Lake's growth. Several sales have been reported this week, among them being the residential property on East Boulevard known as lots l.'l iind 14. in block 1: lots ,19 and 50. block H. Fast Waterloo, nea'r tho Cutler property: two lots in Marion Park; lots -15 and 40. in Oakdale; lots 15. 10. 17, block 3-1. Oakley Park lots -10 and -11. in Oakley, Oak-ley, all of which are reported by the i Hubbard Investment company. Tho Halloran-Jndge compnnv reports the following: W. II. Barnes to Mrs. C. Robinson, for $2000. the proportv at S5G Fourth East: Fred Raddon to James Stevens, the propevtv at 132 Eighth avenue, for $1700; F. TI. Crager to Charles Chrislensen. the proportv at 723 Windsor avenue, for $2100. Thcv also report many inquiries and several deals that will be complolcd ihc first of tho present "week. Operations on the new buildings under un-der construction were dclaved bv tho stormy period during the former week, but since the return" of good weather, work has been resumed with renewed vigor. The excavations for the new Doolv warehouse is being done with a steam shove by Kalciuh & Harmon, who nl-'o have a force of men at work on the Exchange Place sifo of the new homo for the Commercial club, and as soon ns the work on tho Dnoh- site is completed, com-pleted, the steam shovel will be removed re-moved to the Commercial club site. Good work has been done on the new Auerbaeh theater on Third South, between Main and Slate streets, and it is expected that thf houso will be completed on schedule time. November 1. At present, the walls arc up and ready for the roof. Work on tho other theater on State is progressing rapidlv. The work of laying the foundation for the Thirteenth ward meeting house was begun this week, and it. is the intention in-tention to push the -n-ork ns far into tho winter ns possible, in the hope of complet ing I he building by soring. Ready for Superstructure. On the new John J. Dalv hotel building, build-ing, tho outer walls of the foundation are completed, tho piers in the center, all of reinforced concrete, are about completed, and everything in readiness to begin work on the superstructure. The laying of the foundation of the new Jennings-Worthington warehouso is to be started at once, as tho excavation exca-vation is completed. This will bo one of the largest warehouses in the city, when completed. It is located between tho Paris millinery branch nnd tho Strevrll Paterson hardware building, on West Temple street, and its w.iIIb will join those of both of theso structures. struct-ures. It will have a deep basement and two floors, and will bo equipped with powerful elevators. Plans aro not yet completed for tho new h. ID. S. college gvinnasium, or for tho new church building at tho head of Richards street. |
