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Show REAL ESTATE NEWS AND THE1 1 CITY'S BU8LDSNG OPERATIONS 9 Only one largo real cstato doal of prominenco was reported during tho past week, tho purchase of the Hooper-Eld Hooper-Eld rodgo block on Main street by the A shton-Jenkins company, William R. Walhico and E. L. Sheets, for $210,-000. $210,-000. Tho proporty has a frontage of 127 feet on the main thoroughfaro of the city and iB throe stories in heiti-. The deal has been ponding for several weoks, and its consummation is likoly to affect greatly tho layout of business busi-ness locations in the block between South Temple and First South, it is understood that tho lower portion of tho building will be remodeled and that the two upper stories will bo used for Europoan hotel purposes. As there is a great demand for property of this kind in tho city at the present time, the move by the new owners is regarded as a good one. Activo work has boen started on tho new building just east of tho Colonial thoator on the propcrt' recently purchased pur-chased by J. P. Megeath of tho Salt Lake Stamp company. Tho building is designed by Architect Hamilton aud will cost $30,000. A portion of tho lowor floor will bo used as a thoator, and two companies are now understood to be figuring on the proposition. The two upper stories will bo utilized for a European hotel. It is understood under-stood that as soon as the building is completed the Salt Lake Stamp works wiil move its offices to tho new location, loca-tion, and tho rest of tho spaco "will bo used for stores. Tho location is regarded regard-ed as an unusually good ono by business busi-ness men and is in line with the general movement of many business concerns to Third South street and vicinitv. u u Tho Salt Lake Security and Tiust company reports considerable activity in the building of now housos. The sixteen six-teen now structures on State street and Sixth South arc boing rapidly Tushcd to completion, and tho construction of ' ton other houses is boing rushed on tho ! north bench. New houses aro sold fluicklj', it is said; rentals arc excellent, and there appears to bo a strong demand de-mand for good proporty, with littlo indications in-dications of a boom. As an illustration illustra-tion of tho mannor in "which good business busi-ness locations are looked for, it vas reported during the week that the Mc-Intyro Mc-Intyro building, now in courso of construction, con-struction, had ronted at tho rate of $1000 per month. Meeks & McCartney report tho sale of a tract 10x10 rods in size, at tho corner of Twelfth avenue and, K streot, to O. A. Palmer. Tho purchaso was made for investment purposes, although it is possible that extensive improvements improve-ments iuav be made thero in the future. The property lies'high up on the north bench, and tho purchaso calls attention to the activity in real cstato in tho vicinity vi-cinity of the "Highlino" boulevard. m n The Peterson Boal Estate Investment company reported tho sale of a lot on Douglas aveniio by Mr. -Raybould to Mr. Robinson. A tract 10x20 rods on Eleventh Elev-enth avenuo was also purchased through their office, the transaction being made for investment purposes. Tho purchaso pur-chaso of a forty-acro farm in the southeastern south-eastern part of the city on the bench and under tho shadow of tho mountains moun-tains was also reported. The property contains "orchards, farm buildings, a handsome residence aud other improvements. improve-ments. f Something of tho demand for building build-ing lots is gained from roports given out by many real estate firms, which indicate great activity among homeseek-ers homeseek-ers in this class of propcrtj-. The Hubbard Investment company reported re-ported tho sale, through their agents of eighteen building lots during tho past week, as follows: Lots 25 to 2S, block 5; lots 45 to 1S, block 9; lots 40 to 48, block G; and lots 36 aud 37, block 9, all in Lake Broczo addition, bc-tweon bc-tweon First and Sccoud South, just wost of the Jordan river. Lots 1 and 2, block 27; lots 1 and 2, block 21, and Tots 34 to 37jbIock 17, in Oakley, wcro i.bjo sold to Hclcrvi parties.. Attention in called by this company to tho fact that the sale of business property along Main street, valued at $500,000, has been advertised in The Tribune during the past week, and numerous sales havo been made. Many of the small deals wore made by telegraph to outsido parties. General real ostnto business is reported re-ported excellent, although so early in tho season, with numerous calls for investments in-vestments and indications for an activo season unusually good. Tlio abovo deals, all consummated during tho past week, amount to more than $8000. and throo other largo deals aro reported pending. Chandler & Soulcs report the sale of six building lots in Laurolhurst during tho week to William Ames, Mrs. TTnrV.,. AT-,. T7ii r a j -r.. -aio, uiiii, :uig, ;iiuu2 auu -U-i 3. Boot. M .T. K. Smith has sold twenty acros at tho corner of Fourteenth South nnd Tenth ISast, tho consideration being $9000. Plans for handsome cottages are also being considered on the north bench in the vicinity of Tenth and Eleventh Elev-enth avenues. The contract for tlio orection of tho new Bristol cafo was let to the Art Metal and Chandelier company. com-pany. Tho new cafe, which will be controlled by Hay & Harvey, will bo unusually attractive, will accommodate 100 poople, and will be finished in fumed quarter-oak with hammered brass panels. ! Paul Armstrong, who has been identified, iden-tified, with newspaper work in this city for thf past three years, will become a member of tho firm of J. M. Sottlo & Co.. dealers in real estate and insurance. insur-ance. This firm reports great .activity j ir. tho homo-building market, and -oin-mcnts on the excellent, outlook for a prosperous season this 3'ear. |
