Salt Lake Tribune | 1915-09-05 | Page 12 | Federal Heights Popular for Homes

FEDERAL HEIGHTS POPULAR FOR HOMES Telluride Realty Company Establishes Record in Residence Building. With the remarkable record of more than $155,000 worth of new homes con-btmeted con-btmeted on Federal Heights this Bummer, Bum-mer, the Telluride Realty company, owner of the district, is now entering ou a fall season that is expected to result re-sult in the sale of virtually every lot in Federal Heights now owned by the company. The iaet that new homes worth, more than $1j5,u00 have been constructed in Federal Heights the past summer, will come, as a surprise even to those who are alread v residents of this beautiful district, tt is a phenomenal building record in many way?, and represents the erection of some beautiful homes in Federal Heights. In addition to this total, the Telluride Realty company announced yesterday i ha t homes representing an investment of $50,000 are under contract to be started before April 1, 191G. A reduction of 50 per cent has been in effect for several months od building build-ing lots owned in Federal Heights by the Telluride Realty company. On September Sep-tember 15 this reduction is c hanged to 40 per cent, and an official of the Telluride Tel-luride Realty company stated yesterday that the reduction is being placed at 40 per cent because of tne heavy amount of building completed in Federal Heights this season. The improvements have increased the value of Federal Heights property so that the present reduction of 50 per cent in the price of lots will not be warranted after Sep tember 15, on which date the reduction becomes 40 per cent. The Telluride Realty company announces an-nounces the sale of lots 37, 2S and 29, in block 8, facing west on Waleott avenue, ave-nue, to C. L. Smith, who will proceed immediately to erect a fine home on this site. James Me (""ask ell has purchased lots 53 and 54, in block 3, facing Butler avenue and Fast First South street, and will erect a home therein. D. F. Brayton has purchased a "beautiful "beauti-ful building site on Butler avenue, facing fac-ing north, and will begin the erection of a home in the immediate future.