Show Phenomenal Growth o of tie the City Cit of f Salt Sa Salt Lake m 11 the lost Int Ia t years jears real estate In n Silt Slit Like City CIl has hns Increased e on an nn averI e ot of often otten atten ten fold fol folda a growth sro th which has hoa hoax roar x m nong In hi equal strides es with a n rap rapIdly Idly Idl increasing po and the thede dc de Ii of ot contributory country In Iii Inthe the development of or ery city certain natural laws are recognized bj by b I Investors In tors add a 1 financiers thet the t world over 0 1 A glance backward bc ward over oel Iw J a n of years jears ear shows that these the axioms have followed In the of Salt Satt Lake Lilo PUT Ct to where It U stands st ln S 1 j these jas y tars ars the population has J increased d three times limes and simultaneously c the country surrounding Silt Lake In lilac been tilling rilling up This Inflow of or it oh ha gone Into the rich agri agricultural cultural and mining within a i ar ar ir r diu of or a I hundred miles Salt Lake t lag has l been stimulated d by this develop development de lol ment and casing having the thC same effect upon it as ted a mutton motion until now note no it it I Iti developing In ill and ami bounds boun s The fhe i rapidity with v lii i blocks block have been laid out hi bult t up In ht the thc list last few fW years ems Is nn z inc hit tn c There fhIl Phi u have hac keen Icon l whispery whispers l of a aI ab aI I b out a boom which leaves Ica In Its Us wake alo aloa a v slump plump But the tho optimistic policy 1011 C of ot 1 upholding the thc groat pie present and pros pios values au s of or property Is III not nol one ot or I Illel alto tho real estate dealers s say a abUl u but bUl a i look loul Into tho th future of the hub hubof l of a l country whore commerce und Ind tri tr trade le IC will 1 center at Its doors lit Jit thes these e years jears only the expected ex has hns happened business men and Investors Fay raj Fa A foundation foun atlon of a magnificent m me me was laid years ago ado by b the tho pill pie pioneers and the fruits of thell judgment judgments K II s now no being reaped bj by b the tho he healthy and steady growth of Salt Lake Lkc Tho The des destiny destiny tin tiny of Salt Suit Lake Lako cannot be bo mistaken For Tor within the tho last two cars ealS more thus II has been expended In Int t tie u t l instruction construction of or buildings In the Business district and ami In rest resi residence dence dences df ml There Is an nn opportunity here for foi expansion and It Il Is coming rapidly N W Now Neo outposts have Ine nc been established est In n the business district m to tho the last year and nd various enterprises have hac been as a aItI ItI thir Influence to business In this direction and that direction A birds binI q eM eye vIr w of the business district shout the thc union depot In the tho northwest corner orner the Utah hotel building site and Z 7 C M II I addition In the northeast corner tho the Lynch building at Second Soult and nn Second East Fast In ht the east cast the tho hotel at Fourth South and State auto streets In tho the southeast southeast corner y tin house m ihas tillI t th the Itle Hlo Grande Western depot In tho southwest south et corner and a ti row ot or 10 com commission mission ml molt houses on ou the west Within thin this area business activity Is isal at nt Its height On every block small buildings are being supplanted by b sub sab substantial sabI I and graceful structures In a afew afew afew few years cars It Is safe safo to say Sl that those Chase blocks will be congested with business houses because trade follows tho the lines of Iea least kat t resistance It Is predicted pre bj by b m man many real leal estate m mn n that the district center centor will not be radically changed but gradually rear rearrange r rearrange r range ron Itself Tho The warehouses with will no doubt be ultimately reassembled In a j juell asell sell uell defined district between the two great depots extending from Sixth West to Third West cst streets where o can bo r t The rhe commission houses nn and wholesaler wholesale r houses houss will probably bi find a permanent J d home on Second West cst First I West Yest and West AVos t Temple streets lj lying Ing between South Temple and Third South streets str ts Th fh fin retail district will no doubt 1 lh remain on mu Main street State Stale street and anel the cross streets as far south as South So street HOW I ARI nn MADE ILDE In ng out the comparative value alue of or real property rt in business districts experts say sa that It depends upon Ullon the tho number of or people w who ho p pass iss the property ty during business hours and tile late section of t tho the city elt from which It draws draw a It Is found that shoppers tax fix their mind on ona ona ona a central shopping d which nat mt naturally becomes the center cell tor of or observation observation i tion Where this property ty Is the greatest values alues are found amt anil tho the highest rents aro uro paid It becomes the tho main artery Into which the principal streets from fromI the resident nt districts district converge conver e When I brut become l connes excessive for foi the tho amount al t of or business that can bo done one on oi u n basis basin 1 of population the tho business district 5 t stretches out In n all directions the i c smaller enterprises moving out farther fattier Into the district and the larger ones taking their places In Ill the centrally lo ho loco s co trai blocks According to iea real 1001 estate ciliate dealers and business men that tint Is lz J Just what Is hap happening happening j pening In to Salt Sall Lake now The present plesent dl district has become too congested for forthe tho the amount If business according to tho population and It Is s seeking i a i larger territory to operate in RENTALS PER PEn SQUARE TOOT FOOT FOOn n rt Is 15 figured out that the tho rental value alua or of a square squire foot oat on the ground floor of at ofa atI j I a II scraper In New Yorks r i business center 1 I iy SG 95 5 a year exclusive of operating expenses For Tor the tho second floor a net Income of ot 37 and an above aboy That lat a general average of oC 2 50 a square root is 15 k off art as the rental Seattle winch is three or four tour times aa uJ lar large larce e a ai as i 1 Salt I Lako iko IH is the tho only city in hl tho west where this Information has been tabulated A corner on Second avenue Improved with a fireproof concrete structure brings a ground floor rental of 2 8 Ua a n square foot Coot the second floor 1100 and above nn r average of oC 1 71 1 a 0 square foot toot In Salt 61 It Lake Luke City tho taw ground floor ot of tho the fireproof addition a to tho lute nick building brings 1 a square foot Tho Tile second hoer floor brings bring about aboul 65 cr cents t 1 a 0 square foot Local music Illume dealers have haxo rented the basement the iho ground floor I al 7 J J i ii iI itt Cf i 4 I IL r i I tt i L ii tl I ft 1 zt I o S I i t f I II IFT f ft fi I 4 FT r l i it i ti tit t 1 t f I i TI I II I I 1 y I r r rI I lr t t k fl r r rk rI I w wL 1 L J r L S 4 t s i ri t r Lt F 1 W Pt Pta a t tt M r t 3 4 J JS I w S J Photo by b Utah Materials Co Cor CoF r F SALT ISAL T LAKES NEW WALL W A L STREET I I I Clubs New Monte Homo In n the Left With VUlt tho the New Minina In Rl Right ht hand Corner Immediately Beyond Aro Arc tho the and Boston Blocks With the Fed Federal oral eral Building In the BacU round Some Seine people F might affirm that this picture Is an exaggeration exa sc allon If It one examines tho the photograph closely ho will realize that the tho Mining exchange the Commercial club and a board fence have hac ben been n moved m d As I an example of ot trick photography photograph It is interesting and tho the first of ot Its kind to bo be printed In tho the columns of at a n daily dalI paper in n this Intermountain region The work Is that thal of at Martin Marlin Daniels a reformed New Nevi York newspaper and represents somo some 20 30 exposures of or negatives r J rind and tho the second floor of at this tills building on a cars lease The firm pays pa s a a month a year CI or for forth tile tho th 10 cais The Tho company says that the tho rent of or this ground floor is a month the basement S 50 O a u month and tho the second econ Moor floor a n month mon tho Tho ground floor is 1517 17 feet by feet f ct or 11 2217 square feet foot For Tor Fo the ground of the south side Ido of or the McIntyre ro building which adjoins the thc building the tho owner asks ask askS S O a month which is feet by 10 feet fet 01 or 30 square feet teet Tills This figures out about a n square foot root for u a ayears years rental Tho Tile leaseholder l says that now TIOW his rent 18 le probably a t little muo high for the tho tho population of or tho city but that before his ills 10 years jears arli lease leal o expires his rent will be lower loel than other firms who come in fl 11 J yeans years from Cram now SMALLER S AILEn FIRMS FIRIS MOVE roYE OUT The Tho rental values show the tho congestion of at business and that only anI the most firms can pa pay the price As iii Asa a n result the smaller establishments on Maui Main street are arc moving m n out and tho the thoI I lal arr et I interests aro are taking up the tho leases Tho The enterprises are finding locations on the outer edge of oC the lac new new district that Is I now well de defined defined fined fin fined d with ith the tho excellent nt In all qu quartets quarte Two years ago CITO tho the congestion eon of oC office of or office fice fico buildings ago well Known mown but tho thu situation his has ht been bean somewhat by b the completion c of or the Judge Ju go and tho the buildings Before these structures structures structures I tures were occupied It was wal a n hard har mat matter matter ter tel to get G t suitable offices In the tho city ell In operating big 1 I buildings In eastern clUes cities the tho owners owner figure 10 por pcr cent vacancy A tour of or the tine lar large o business office In Salt Lako Jako shows that there thero la Is not more than titan 4 d t or r 0 5 j per cent vacancy a n nC cj cy C Under the present conditions Salt SaiL Lake will be able ablo to fill All all nU tho office I n n n n nn I Comparative Statement of 01 Real Estate Values During tho of 1887 and an 18 the business district of Salt Loko was filled with activity ty and many of ot the thc principal corners were sold A giving the values of at the real r al estate cst tu follows folloS showing the price paid then thon and aid tho the estimated values alues now r 1887 1909 Daniel II H Wells Tells Corner Templeton site I t Bishop t i s ld residence Build Building B t ail c 1 ing site bite r G h Bank Blush Corner COlner Masonic Temple 1 old building Judge Building Corner Boston Building Site Knutsford Hotel corner Halls Hans Hotel copier comer 1 St Paul Episcopal church corner jp Brooks Arcade building Jl corner Peery ery Building Blinding b site 1 Northwest corner colue r Third rn rh l rd 1 d So 5 o l 1st 1 st W St 1601 13 2 3 Southeast earner corner 3rd Sq State Streets pOO Pro Progress ness Building rb r site 46 1 r 2200 Market larket liet corner 1st st So W V T r Street x Dooly Block Bloch coiner corner Southeast comer col ael 1 l 3rd So State Streets Walkers Dry Goods store corner cor er Continental Hotel corner t Galena Block corner 0 35 00 I buildings building that are aTe now no under construe construction construction tion Hon and und contemplated without going above 10 per cent vacancy margin In making tanking a n tour of or tho the hotels tho the thoS some same S IDO conditions are ure found Tho The hotels aro generally filled filed up and lodgings hao hoo to be bo sought In rooming houses hi In l 1 r p out of or tho tune way streets Tho The real estate men say sa that by the time the Utah Ulah Ho Hotel Hotel Hotel tel and tho the hotel aro are com completed Salt Lake will be bo able to talco care of at both beth of or them 1 In fixing the tho value of at real propertY in n tho the district here tho im m aro not taken talton Into consid consideration oration As 9 an Instance to Illustrate the thc increase in un the value aluc of ot real estate take the old Dabiel Da H Wells ells corner do Gho site of ot tho tie Templeton building and the tho Standard Stan Furniture I store Tills This corner with a n foot Coot t r frontage on Main street and feet feel I on 01 South T street was sold for in 1878 In 1587 It sold old for 03 and now H IF I could not be touched foi tor I less than On the same somo block bloc the Bishop Hunter property where the gc building stands sold for S In 1580 It has hasa a n front frontage igo of oC IG feet and feet in ind ind d and sold sol In 1687 for Now Nowa I a it t Is I held h ld at The Tile I bank corner with a frontage fronta c of ot 32 33 3 feet feel on Main Mahn street and feet on FIrst I South street was bought In 1857 for 32 3 Its present value is estimated I at S1 On the ground round whore th Boston building bull stands CO jO feet el frontage on Main street by feet teet In hi depth sold In 1657 for 1000 Samuel New Newhouse house paid for tor it three years jears ears ago At Atthe Atthe the tho samo time he ate paid pal l rf for tor 50 60 feet fet of of ot real property Ir pert Just south of or It and 12 for 1 1 feeL feet from tram Mrs Irs Kimball on which the Now house building bull stands EARLY GROWTH History shows chow that in ht every city In Inthe Inh the h beginning b a center center was wan found Coun and around this center tho the city grows Tho The temple block titan was desi designated as tho the center of or Salt Lako Lake In 1817 17 when whon Pros Pios Ident Bri Young and tho pioneers arrived In Salt Lake Lako valley alley and located lo loell located ed ell tho the city Since Sinco that time tho thil templo square has tho of ot the business center It was on this square that Iho 1110 first transit was set Iet up ap between n the Iho Mis Missouri sour river and the Pacific coast The first survey surcy was made by Olson Oison 01 Pratt Patt and 13 blocks o or of 10 acres each cacti were cro crola laid la out The Tho plat was bounded by Third East Ninth South Fifth North and Fifth Firth West Vest streets Main lain was laid out as tho principal t and was tho artery through which most of at tho the pioneers and early curl settlers reached the tho templo grounds rounds l n On account of or the topography of or th Eli 3 city ell most of or the pioneers lived to t U i I I south of oC the Temple square As a i r I suit the tho first move moe that hat business made was to meet the people peo le and the tho block i between South Temple and find First South street was made the home homo of at the first i stores Z C M tr of I was established o on i Its his present site In unit und was as largest store In the city In the cours C JUI of a few fete years earl the th east side of Main Mala street was wn filled wIth one story star bi sl I Iness ness U s concerns and then the west side sl of Main street was occupied bj by b busi busl business business ness EARLY BUILDINGS n After fter the first block on south Main street was Willi occupied the business dis dig district district spilled over oer Into the block on Main street between First and Second See nI South streets The Thc Drug Drugstore Dru Drugstore store corner Wits was erected In 1868 and the tha th Jennings building now occupied by tho the Utah National bank in 1561 Here the progress southward was wal arrested for tor a t short hoit time The Deseret National Nation U bank bani building was wall erected In 1870 1570 and then the Uw Z C M al 1 I 1 store stole was remodeled and completed to its present height In 1 1575 In the HIP mil ultimo bettor better erected or building bUIl ln J a remodeled on this block FIRST SKY I The fhe HunK Bank building v wms erected live lieu stories lories In |