Show IMPORTANT SITE SIT I GRANGES HANDS Jacob Moritz Montz Buys Ninety Ninety- Ninety Five ive Feet on East Second I South i DEAL INVOLVES Purchaser May Build Immense Structure When All the theLe V Le Leases ses Expire 1 A purchase p which It Is claimed will m mean nican the building of an Important business structure In th the heart or of Salt Lake Take within the he next two years ar or orso orso orso so WR was announced ll Saturday by Brothers c rl who in iii behalf hal of Henry have sold to Jacob Moritz l th the flonta frontage p on Fast East Second cond South street between en Commercial 1 street and Plum aile alley Mr Moritz prefers not nol to give sin out th tho ho purchase e price of or the property until until until un un- un- un til all au lI details are orA completed but It Is stated from other oIlier r sources that It is In Iii th the neighborhood of The I property ha has a n. frontage on Second South of or 95 2 1 feet extends 59 feet alon along the Commercial street side and anel lot feet on Plum alley 1 lime he property rl Is at present under underlease underlease underlease lease to the Salt alt Lake City Brewing company compan 0 of which Mr Moritz Is vice Ice pre president treasurer anti and gen general oral rol m manager mon man an- an ager cr which has subleased It to several holders There are arf t q saloons and two restaurants on nn the ground floor noor fronting frontin on Second South and above p al' al are rooming hou houses cs Tho The buildings are old and declared totally Inadequate made made- quate quat to the demands of the locality although It is stated that th they y pay payIn payin In rentals a good return on the price paid Hy by Mr tr Moritz The Thic lease has ham one year to run raid ahl Mr Ir Moritz 1 0 In discussing dIscussing- the thc purchase pur Jur- Jur cha chase e Sa Saturday tn night and antl so therIs there ther Is plenty of U time II In which to determine what shall be b done dono with the property I T hou bought ht it simply as an Investment and I J do 10 not know what I shall do with It I hope to build something on onIt It It but whether an office structure I hotel or 01 theatre the building will wUl be determined de lIe- de- de i only by conditions when th the lease leose has expired Mr MI Moritz l I Inks the locality Is I among the best in the thc elt city off Main laIn street A further advantage ad of oC th the site sHe t I Is pointed out in that It I Is the thc only site In the business J center of Salt Lake where the light can cnn n never r be he shut hut off orr on three o sides The advantages advantages ad ad- vantages of or such a situation are sal said to bo lie equally great whether the tho ground round Is used tired as site for a n hotel or office offic building while the thc theatre theatre- laws in inmost inmost inmost most cities now demand that there shall h be he exits on three sides |