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Show NEW WHOLESALE IS DISTRICT TO IE I , ESTABLISHED 1 !$i Project Calls for Con- p struction of Immense iijij Blocks of Warehouses jj ijj: of Modern Design at jf Cost of Half MUlidn Dollars: Large Tract r.vli Facing Third West ;ii iJ Street Acquired. jj! H; ifPp ONE OF BIGGEST Mil DEALS OF YEAR C. N. Strevell, James H. j j Paterson and Their As- P j ;$ sociates Successfully p i Close Negotiations for ' Great Enterprise; Ore- ! gon Short Line Builds tjljjij: Spur Tracks to Facilij tate Transportation. j m 1 Bit! AIT IDEAL new wholesale ware- It l'f ; : houso district for Salt Lake, j C'lff to be established and operated J ; along lines similar to those- f jjt. now adopted in nearly all tho largest cities of the country, is contemplated j? IV in ono of the biggest real estate ilealB plilijil of tho year, successfully consummated f fjjj yesterday by C. T. Strevell, James 10'(fi!i! H. Patcrsou and their associates. 1's ' Tho interosted porsone, after ucgo-tialions ucgo-tialions covering several months, havo acquired a strip of property about .100 rfPi feet wide, running cast and west through tho middle of the entire block ' ik' bounded by South Tcmplo and Piret lftf South streets aud Second West and .'Mi Third Wc3t streets, its western front- jj Hj- ago facing tho Ilarriinau passenger S'(.'P station, !lf Costs Half Million. Mr. Strovcll and Mr. Paterson yes- j I'jfhi tcrday said that the cntiro project G 1! would easily represent an investment pstl.iv of between $100,000 and $500,000, ,j j.j tj about half of which is represented in cash paid for the property. v h ijpt Runuing cast and west through the I'tl1' middle of tho property is a street jig ,';Ji sixty feet wide, now owned by tho fc'trc- j Bijif's vell-Paterson project. Tho Third West Sjp '!';' street fronlago to tho north of Urn rij-(;L street is feet,, and tho frontage R',; to the south is Jlo feet, representing f! jf jjj ono side of a square pioco of property j'. ' included in tho wholo tract acquirod. i . $ Tho property north of th0 street runs tj tH'i 000 feet through tho oiUro block to j Up i Second West street. South of the tj j street, from Second West street to tho jj jj f. middle of the block, is another piece ' tyjjj of properjvj JH3 by 330 feet in dinien- v?'!'4i sious- iifclii Lay Railroad Tracks. ' pfl'B Por some time, tho Oregon Short Line j K;Htj railroad company has been busy laying h s3m a spur track from its old industrial j Wftfl line iu Third West btroct through tho j fir 51 south sido of tho property, and withiu a few week another spur track will i j I H be begun, running through the middle I M of the property acquired along Iho W f north side of th0 street .through tho H-jtJ block. Both tracks will rna through the cntiro block from Second West to jfc Third West, connecting with tho old industrial line. rjHKj Tho spur track now boiug laid is be- yjjfjf. iug hnanced by a newly formed com- t RlJtl puny, the Salt Lake Trackago & Ware- jf: uWBi house couipau' of which Gcorgo M. h Cannon is president, and in which Air. 1 jjvlf Strevell. Mr. Paterson and their asso- a JHftC ciatcs have purchased au interest. Tho p iiy&m Oregon Short Lino company is con- ' fjjll structing the spur for this corporation. jjj Trackage Convenient. ' "Jj-Il Tho second spur track will bo con- S fniWl blructcd and llnanccd entirely by tho S liiRflj intorests headed bv Air. Strevell ami r iM' Mr. Paterson, who will incorporate 5 L - their project ut the curliest convon- jj 'jJ5H icucc. Both spurs will provido a total & ?;t)r! trnckngo of i!(H0 foot for tho Strovoll- f ) ";' Paterson undertaking, by far tho great- f: . j,',, (Continued on Pag Two,) 4 fH'-'f i'1 ZION TO BE B : WHOLESALE DISTRICT (Continued from Pago Ono.) est; trackage for warehouse purposca in this section at tho present tunc. On tho property acquired it is planned lo construct n great warehouse "block in sections, each of which will be leased or rented to wholesale and ware-houso ware-houso concerns. Tho proposed now district dis-trict is surrounded by paved streets and the uvonue through tho middle of the property will also bo paved as tho project proj-ect is worked out, thus furnishing whnt it. is declared will bo tho most desirable trackage- location in tho city. The property lies practically in tho up-town heart, at tho very door of tho principal business thoroughfares, aud is easily accessible. Modern Warehouses. I Tho property comprises tho former holdings of tho Taylor-Armstrong Lumber Lum-ber company, tho Siorra Novada Lumber Lum-ber compauy, tho Commercial Mill i-Building i-Building companv. the property owned by the Avery intorcsls of Colorado and a number of smaller tracts formerly owned by privato individuals here. Tho proposed modorn warehouses will be built for concerns requiring a combination com-bination of businoss and trackage facilities, facil-ities, and will be constructed according to tho latest practical desijrns for importing, im-porting, exporting and distributing morchandiso and wares of ever description. de-scription. To tho south of the norncrt' now acquired ac-quired bv the Strcvcll-PaterKon interests, inter-ests, strotch several blocks ideally located lo-cated for wholesale and warehouse purposes, pur-poses, and it is believed that with the preieut project once tnoroughly Inunchcd. tho development of the new district will bo in that direction. The hitr deal was necotiated throuch Theodore Theo-dore Xvstrom, formerly with tho Taylor-Armstrong Lumber company. |