Salt Lake Tribune | 1910-05-08 | Page 22 | Sites Are Now in Big Demand

TbiKd Warehouse Facilities Are Being Applied for on the West Side. BIG EASTERN CONCERNS WANT TO COME HERE Property Along Railroad Tracks Is Rapidly Increasing in Price. Real estate men 6ay that one of the best indications of the rapid growth of tho city is tho ever-increasing demand de-mand for warehouse sites. Propcrtj' along the tracks of the Oregon Short Line, Denver & Rio Grande and the Salt Lake route that could have, been purchased fivo years ago for comparatively compara-tively low prices is now commanding big figures, with the prospect that tho steady increase in values will be continued. con-tinued. "Big oaatorn concorns have como to a realization of the importance of Salt Lake City as a distributing center for tho iniermounf ain region." said a local lo-cal dealer Saturday. "This is evidenced evi-denced by the fact that sovoral largo packing companies have secured sites on tho tracks which will be improved with cold storage plants to be used in supplying tho western country. Not far from the tracks of the Oregon Short Lino a local ice and cold storage com- Sany is erecting a plant, in addition to lie ono it now has near the Denver & Rio Grande, which will havo a capacity of 100 tons of ice daily. Packing Plant to T3o Up. "Near the eid of tho North Salt Lake car lino there is to bo built a largo packing plant by a "Utah company. com-pany. This plant, like all the others to be established, will furnish employment employ-ment for a large number of men, and the monev paid out will find its way into tho local channels of trade. "It hasn't been bo long ago since feople living along the tracks wero ac-ually ac-ually of tho opinion that their property prop-erty was depreciated in valne by the nearness of tho railroads. Now, an entirety en-tirety different opinion exists. They know that they are possessors of valuable val-uable property, which fact can easily bo demonstrated Ijy asking them "how much they will take for it. It will be found that they are not eager to sell. They have learned that several pieces of property lately have changed nands at a substantial profit and are lying back waiting for still greater increase in tirice. Tendency to Move. "There is a marked tendency at the present time toward the centralizing of the wholesale and warohouso districts dis-tricts near tho railroad tracks. Tho retail trade can properly lay claim to the uptown district, but the wholc-6alo wholc-6alo trade, to properly handlo its business busi-ness with dispatch and at the least expense, ex-pense, must go near tho tracks. "Tho demand for warehouse and trackage property is, of course, duo to tho fact that Salt Lake Citv is bo-coining bo-coining tho groat jobbing and distributing distribut-ing center of tho west. The wealth of the orchard and the field, of tho mine and of tho range in the1 intermountain' west, almost of necessity, flow through tho channels of trade in this city,, and this is bound to result in a greatly expanded ex-panded warehouse and trackage district in the near future.' '