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Show Wma .is in Concludes Deal for Purchase of Seventy Feet of Property, on Main Street. WJLL BUJLD BETWEEN DO YD PARK AND AIJERBACH Sixteen-Story Building Is What Well-Known Contractor Is to Erect. t ' Patrick J. Morau will build a sky; scraper on Main street. Tho deal in real estate which brought this about, and the initial movement of which involves in-volves a quart nr-mi Won dollars were perfected on Friday, when Mr. .Mo ran became the owner of sovcuty feet of ground on Main street, between Firet and Second South streets heretofore owned by Samuel 11. Aucrbach."" The properly which passed into the hands of M,r. Mo ran is now occupied by Mehcsy, by the Auerbnch millinery department, de-partment, and tho building formerly occupied oc-cupied by the Utah Savings and Trust company. The frontage is seventy feet and tho depth exceeds 200 feet, so that the rice per front foot exceeds $P.00l), the highest, prico ever paid for Main streot property. The purchase of Mr. Morau adjoins the building recently purchased by Boyd Park, which is to the south of the prop-perfy. prop-perfy. and it extends uonhwnrd to the main store building of Auerbnch brothers. broth-ers. Samuel IT. Auerbnch makes the sale and transfers tho property. Upon this site Mr.l Mornn intends lo erect a sixteen s.tory office building, tho lower floor to bo occupied as store rooms. Work is to be commenced al; as early a date is practicable, and as soon as the terms of tho leases, which arc short, expire. Will Bo Monument. Mr. Mornn could not he seen on Fri- . day, nut i nose in a position io Know say that be will erect a building on the site which ho has purchased that jwill be a greater monument to him than is tho Big Cottonwood conduit. Tf what those inside f ho deal say is true, the structure which Mr. Mornn will erect will eclipse anything that has thus far been coustrucfeil in Salt Lake and the floor spar-o will be enormous. The building which he will erect, will, of course, be of steel and concrete, and it is understood that tjie trimmings will be of terra cotta. f l is said that it will bo tho equal of any- offico building in tho country. This purchase of Main street prop-. prop-. crty tixop- tho -business inar---.inr-.thio street. The magnificent building which former Senator K earns is erecting only eighty feet north of the site of tho Morau purchase, the hofel building, which is under construct ion al South Temple and Main streots: the sixteen-story sixteen-story structure which tho Utah Security and" Trust company propose to build on tho site now occupied by the Utah National Na-tional bank, the new Newhonse hotel on the corner of South Main and Fourth South streots, settle tho question of the map of Main street. Others to Follow. Theso sfrucf uren mean that others will follow, that, within a few years, not moro than live. Main street will bo lined with buildings that will make it look fo tho pedestrian or tho parly in a vehicle as if they were traversing a canyon can-yon in tho mountains. This purchase of Mr. Moran shows fo the pooplo of Salt Lake and (o Utah what iho effect of the recent city election elec-tion means. The victory of the Americans Ameri-cans moans the expenditure of millions of dollars, whereas had theopposition won. if. would havo. meant stagnation and docay. |
