OCR Interpretation


The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, November 19, 1910, Image 9

Image and text provided by University of California, Riverside; Riverside, CA

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85066387/1910-11-19/ed-1/seq-9/

What is OCR?


Thumbnail for 9

The San Francisco Call Real Estate and Financial Section
SAN FRANCISCO: "The Only Brand New City on Earth"
FIRE MADE NEW AND
GREATER CITY POSSIBLE
Thoughtful Review and Forecast of Future
By a Well Known Rea(ty Dealer
Perhaps the most careful, hopeful
and th.ougrhtf.ul review of the real es
tate situation in this city that has been
made since the fire is the article writ
ten by Thomas Magee on the effect of
the fire of ISO 6on real estate values
History does c-it record cny disaster in whl<"h
property o* so much value was dej-troy«"d as in
the great Cre of San Francisco in lWfi. It
ku been estimated that the value of builllrics
«»d content* destroyed alone amounted to £S-"A
000.000. This estimate Is ba*ed upon insurance
liabtMry. tlie cencrfil ratio of Insurance to value
(about 70 per cect> and tbc probability that
aooct 5 per cent of itroperty carried no ir.sur
»ac*. A» to the tot^l loss, chesses hsve befit
taefle tbst ma from $500,000,000 to ?!.000,
000.000.
XETW' A\D BETTER CITY
T\*bea the fell ertent of the calamity bo.-ame
knowQ pnSietiOOM were fre<.-ly made that the
city would never recover. Tbe large proportion
of buildings la the business section destroyed,
the shook to burfues* confidence and the oppor
tunity afforded to Saa Francisco's rivals aN'iut
Pujret so-jnd to Kelze a part of fcer trad<» gave
liliuyib'.lity to this opinion. That it was in fact
without foundation, and that a new Psn Ftrti
cisco. better end more full of promise then
th*> old one that -was destroyed. !;ss come into
being. Is now generally admitted. What has
not been so cl^nrly oercejved Is taut tbe San
Francisco disaster affords a unique test of the
jieriEfirience snd stability of urban land vslues.
In the four jcari; before the lire ssU-s of real
p»=tate reachfd' a total of $242.672. 1M5: during
the four yeem succeeding \the fire they amounted
to J233.77fi.fi74. a fallliig off of r.'.K.ut 45 per
cent. But it must be understood that durltiif
the latter period local capitalists needed sll
their money for rebuilding, tlis t they had nr>
n:r>ney ft>r ssiy othor investtH«nts. The asking
price made no' difference. Neither capitalist n«r
sp*culati«r conld oonsldtr proposals to purchase
land. Merchants had no surplus to invest in
BTiythins but new stock. Tlie ff>*:il for 1906
«M V.XYT r,\>o f.-utTen*d l«ecs;ise sales of a total
v«lne or JlO.ono.itfH't made jw-for" the fire were
wujceled. Tten, the pnnle of 1<.»07.l < .»07. which ti«d
up capital in every city in the country, also
limited rosl estate sales for that year.
First, ss wjs expected, there was a decline
In tbe volume of real estate nlea after the
fire, due to the cb-wpllon of ianch of tlie cajil
tt! tost wns avnlliible In buildise oi>er.iliocs.
A« to nrices ;->sid for property after the flre.
there was a redaction, probably of from "10 to
»ri per oont. dej»endinc on the location. Market
«tre*>t. r-ie hPck»K>ne of the city, suffered least.
Before the fire little or no real estate crold
!\u25a0«» boucbt on tbls street. In a flnrr.!">er of case*
land bad been cold s<< bl^h es $10.f»0O a front
foot, or $104 per square foot, with ninny buyers
•otnpptlnjr md verr little property offered. The
ire pro*-Mf><s an <r,>pcrtuo!ty for tienfc>> to pecure
wttrr locgtifjng by purchSFinc cew sitcc od Ssn
?Y«i3Hsco's crrat \u25a0rt«7. TJie purchases made
)y tbw bunks of s-^tae of the >n<t Market
itre*>t eornert! \rer<» at pries cs high an those
wfcleb prevßUed l.efore t!?e fire. For the Market
'treet corners prsrchssei! by bar.ks after the fire
in Brer«gf of fns per squsre foot wes paid.
ADVANTAGES OF STREET
Market street, becsnse of the manner In which
* was oriiriniUy laid or.t, enjoys Barb a tnonop
)ly of trfivel and of trade tbat sales on that
hcroughfare can not be tnke;i cs an exact meas
iw> of Tim gerjeral rise end fall in values for the
\u25bantlre city, eitber before or after the fire.
The depredation of from W to 40 per cent
a»ted but a few tr.nntfcs. 'V\^^e«'n the people
raurht tfce-ir bresth. tlif-y realized that San Fran
•iiico «t!'l L"ld the power cf position, and that
'.*--r plsce on the map was a guarantee of .per
r.Rnecce end erenrual greatness. Within a few
*"efks M«rk»-t street property sold nb^ve the best
former prices: and today the orieinsl shrinkage
it probably 70 per cent has wbol'y disappeared.
In other locations, where the depreciation was as
i!ch as 40 per cent, depending on distance from
-.!d *«t«b'ished centers, the depreciation now
rnrle* from 5 to 25 per cent, not exceeding the
;atter propnrtlon.
Taking the prices nsld for land since the fire
m<l tbe pr!ce« r f all tbe estimaled value of the
ruJlfllncs wliicli stood l>efore the conCagration.
t Is foan-1 that tte averace prW- paid on this
+reet for tte foor years preceding tie fire wss !
HO • Kqn«re foot, aud for the four succeeding
Ie Cre fc-1! n t^nare foot. This comparative
scresse of 25 percent. t>owev«T. can not be
hown 05 ccy other ftrpot. On every street, ex
•rpt Msrktt street, Ihrre bus h«-n and Is a per
•fptible decline. CndacMedly the decline In
>ther Fev-Uoiis will be ooly trmporary. as the
n!vance'd t>rlce in tliP tr,;-.!n tbornucljfare is, <»f
tsetf. pcfficlent to prove tlie confidence of in
estorp in ttte cltr a* a whole.
As property vgJne? in atjy city are estsblislied
;nd generally mesrured by central values. H Is
-.ot putirely nnrc»?«>naWe to qnote the sales on
be ir. \'.:. retfill thoronjehfar"? «s yhowlng.ln a
reneral rray th» rise and fall la values of a
rimle city. Or>e of tt»> first quept'.ons which a
transfer. If be !k» n husine^msT!. asks In visiting
Elegant Home
At a Bargain
'"^^J^^" — '. — iSf.^jr '.-'•' •.*. * • "\u25a0-•Ni^.i
$4,200 — Small amount doxrn and
balance llke'rent- Here Is a brand-
now five room bungalow. Beautiful
exterior, stone chimney,- terrace'
porch built of sandstone, percola
beams and broad bay •windows. Well
arranged interior, fine reception hall.l
larg* living room with open fire-
place and wood cornSce, spacious
diningr room with hig-h panels', plate
rail, beamed ceilings and artistic
buffet, two swell bedrooms, fine
kitchen, laundry, elegantly finished
bathroom, concrete basement and
•wjneroom. 66S Gsth st. bet.. Adeline
and Shattuck. half block east of S. P.
or Key Route, South Berkeley. Ap-
ply to M. S. SHOW, owner, on prem-
ises every day 1 to 4 p. m.
Open all day tjundaj'.
|HOMtSfDRYdyRREIi'T"KJ"
| ; We are tow baildlsg modern 6 roam
1 1 end bath nooses In tbe SUNSET DIS- .
1 1 TEICT, aloof car line. Bent money
[ I terms. . ' - -.:
OSCAR HEYMAN & BROTHER
H IUMOHTGOMEHT STREET
PJo Money Required
It yon own a lot I «rlll build you a home ot?
*nry terms. Expert eatlmatee furnished on alter-
\u25a0tloos. Ebcwlns bow to Increase income. ' % „
FELIX 3IAIICCSE, 153 SutterVst^; /
of San Francisco, which appeared orig
inally in the Political Science quarter
ly, published by Columbia university,
which has attracted widespread -no
tice and created great comment
throughout the east. It Is, in part, as
follows:'
THOMAS MAGEE
n large r\t T i S : '-what is the highest price
ever paid here for real estate?" All that the
world knows of land values in New York is tfce
top price that has ever been paid, and that price
is sivravF compared with the highest figure ob
tained 1n othnr cities. For a gore In Market
street an offer was made this year of $162 per
e'liiare foot. A sa!p wns made In the same
K'rert st the rate of $117 per square foot. The
highest price paid before the fire was $.103 per
square foot.
PRICES PAID XOT HIGH
_I>.nd values were never high In San Fran
<*is(v>. Ten thousand dollars a front foot, or
$IO(i a square foot, in a street which enjoys a
practical monopoly of travel and trade is not
hlph. No city over experienced a more reason
able and healthy growth; It has been consistent
and continuous s!nc<> the "forties." The records
of sales Mnce IS<57 will show that Market
street valnes iiavo never dropped, except In a
f«>w f-alp« made nft«r tlie tsre. Tlie unusual con
ditions then existing naturally made It diffi
cult to raise money, aud n few owners sacrificed
sr.rnA of thHr lots to r«i««» money to improve
thoir other holdings. Aside from these, the rec
ord shows n consistent and continuous advance.
The tire gave San Francisco a great city house
cleaning. All the old. undesirable bulldincs
were swept away: ' four and a linlf square miles
of '•improvements." consietine of old wooden nnd
brick two story shacks and 10 and 13 Rtory class
A structures, were purified by flre. At present
San Francis™ enjoys the unique reputation of be
in? the only brand n«>w olry on esrth. From the
vsntace nrlnt of new and better and more per
manent buildiiiirs. with rents as hich as those
that prevailed before the disaster, the maiority
of property owners now look back on the fire as
a Memlßjt In dlsetiiso. A New York banker vls
iiins: her" recently, said: "Your loss may he
$.W>.r<oo.ooo. bi,t tlio advertising is worth $RiiO.
nno.fiOrt t o San Francisco.'* The eyes of the world
tnrned toward Snn Francisco: its location, its
back country and l!s. prospects wore reviewed:
«nd tlißt of itself was a ere at aid toward giving
pernjsnence and sr.Jidity to values.
In formin? an estimate of values, sales tell an
exact story: but th°y do not tpll a full story of
tlie rise and fall r.f any city th:it may have ex
nerirnced a setback. For the first month sales
could tell no story, for thorp were no sales. The
only thfuieht in th»» mind of the prrn>erty owner
was: "Hf»w can I most expedltiously and most
economicnlly regain my lost income?" lie would
not sacrifice hi* lot. Partly from patriotism and
ciric pride, partly from the memory- of other
days, when his buildinc was h good nnd consist
ent Income pr<v!ueer. his one. desire was to erect
r, better buildln? than the old one. The old
tenants were rea/iv to pay the old rents if the
owner tvouM rebuild In letter fashion. Material
w«s high, Ir-.bor was" high (and one-third less
efficient), cut owners nnd tenants were alike
di»terminf><l upon better structures. The courag
r<vjfi ennfidence of the downtown owners and ten
ants upheld values and imnarted to them firmness
and soundness. Tliere was no alternative. . The
people were bound by their investments, and
thow? investments must be made to produce. So
everybody prtineed Into the work with a will.
Other cities less favorably situated mleht have
felt such a blotr rnc.fe keenly; but San Francisco
had a great deal in her favor and her recovery
was very, rapid.
OVERBUILDING PREVENTED
The money needed for rebnildinz was readily
obtained. The rate of interest was not hiirb.
although, before a quarter of . the • burned dis
trict was restored the stringency of IM7 arrived.
This strlncency. however, was a blessine. for
tight money prevented overbuilding. The flre in
surance co;nnanies and the local banks and cap
ttallsts.. with the aid of eastern life Insurance
companies, provided more than $175,000,000 for
Investment in permanent improvements.
The business of the port- was good andthe
fire sfimulated.it.- Up to the time of the con
flagratfoo • ?20,000.000 had been expended for
seawalls and docks. : Since the flra about
$5,000,000 has been expended for further exten
sions, repairs and Improvements. A bond Issue
for 510.000.000 for permanent . harbor Improver
rtipnts trill b«» submitted to the approval of the
people this fall. All the new piers have been
rebuilt and at the solidity, which marks its re
construction. Those, however, who study "the
situation cease to marvel. Even a cursory ex
amination of table 111, showing San Francisco's
population, bank clearings.- real estate sales,
savings banks deposits and building operations
for the last 13 years indicate* that sneb a
population dolnuFucb a business required the
Buy This Home In Park
Residence Park With Marine Views ;
" A sheltered slope, parked and terraced. ; Extra large lots commanding the most, magnifi-
cent, views of Ocean, Beach and Mountains. "Motor^ out Lake Street, fifteen minutes from
your office. Sutter Street cars (owl service) will take you to -Twenty-second Avenue' and ,
Lake street. Twenty-five minut^ from Market { Slreet. '?» House' open ; for inspection. . ;
Send;fpr.iilustr a ted FoWer ,. . ' '. ' ' .
IT- WILL. - PAY YOU -TO READ
\u25a0 '. .PAGE'; iO,. ; .-/.-.\u25a0
THE SAN FRANCISCO G^S^S^^
New hotel in Bush [street,"" west oohf h PpTpell, which has- just : been [completed..
buiMlDjrs and the macUiuery to continue the con- [
'duct of its affairs. • \u25a0 \u25a0 ' |
\u25a0 The as-srssed vnlustion of land' and buildings j
In San Francisco before and since the fire
shows a shrinkage for the year of' disaster and
records the subsequent restoration of values.
In Ifiio the valuation of- the land " was cnlv
*16,OO0.(iO0 less than in -190.-,; the valuation --of I
improvements • was $-17.000.0(>0 more. Xbe gen- j
ernl correctness of these valuations, both »s re
gards the shrinks.se of 10W5 and the -subsequent
restoration. Is evidenced by the records of.
SBles. - The legitimacy of the. increase In as
sessed valuations -Is also sliown by : the absence
of protests from tax payers.
Tbe taxes on -real estate and improvements
for the fijx-al year 1000-1010 amonnted to over
59.000.<V)0: the delinquency, as reported by the
tax collector, amounts to little more "than
SIOQ.COO. • Foreclosures of mortgages . on \u25a0 San
Francisco real estate have not been more nu
merous ' since the fire than before it; "and with
Improving conditions It is reasonable to believe
that there will be no more than might occur
in the ordinary course of bnMness In any. city.
At the time of the fire Sau .Franclgco. was
solvent. Its credit whs- good: • Its bonded * in
debtedness was the lowest In America, only
$3,500,000 of bonds ;. having. , been - -sold. It's
mortgage Indebtedness was apparently- the low
est of the 1.3 leading cities of tup United States.
amounting to .*.mly 17% per -cent- of the esti
mated value of the land- and impVovements.
MOIR WOPS PARK
V .15. 15 n J lnu J« s fr»m Mill Valler- .Marine WiooSn-'
tain view. Wooded lots. . Sansalito ferry to MUI
t a AcA c : v Ar,^22 k . f or the ; solden. badges at depot. "•
LAPACHET &-CO., i . " 407 Pine st. 4
.. .: . Tel. Douglas 1113.,.- ,r v .'": r l
IRRIGATED LANDS!
y'l 10 AND 20 ACRE TRACTS'
.'\u25a0> *-:'• .-' \u25a0."''\u25a0 Sold' on . ' .'.\u25a0':\u25a0' '\u25a0 -
CROP .PAYMENT PI^AIV
• rCo-OperaUvejCand and. Trust Co. r.- r I
IS, .-\u25a0''. '.VLandi That; Produce .Wealthl" \u25a0 " r " ; \^v !
\u25a0 505 MARKET! ST.,* SAN^FRANCISCO^ I
while the mortfrace indebtedness of other large
yties was as' follows:- ' . ; :
\Nen-'Vork city .'. 1 ... ... ..1 . , . . ." Sf» per cent
Roston 33 per cent
Cleveland 31 per cent
Pittstmrg-. ....'.v. SO percent
Philadelphia .26 percent
Petroit ;..-.-... Y. ......:...- 34 per cent .
Tbc total'authorlzed issue of rannlclpal -lv>qds
Tnr public bulldinßP, ;sch'»ls. sewers, hospitals;
for a water supply and fo r the bnildinE-of a hitrb
pressure- water system for fire, protection amounts
at <he prevent time to $20,2C9,800. The amount
sold 'is ?X«.140.500. ;, . : ,; "
FAVORABLE . SITUATION'
\u25a0'"\u25a0 To appreciate the prospects of San Francisco
its exceptionally favorable situation 1 must be
borne in .mind. The. city, is- backed, by .,an .em
pire rich -in agricultural, and mineral resources.-
The per capita wealth of ' California .Is greater
than that of any otbeE-s*-.tc in the union. • In
19i>0 its total production • was - valued •at $763,
770.000 \u25a0--•I ' -:\u25a0 ' '- > \u25a0 . \u25a0 •'V \u25a0. \u25a0'; • .' \u25a0
.Colonists are arriTlag In jrreat numbers: each
year brinps larger numherc. The great land hold
ings of the . state." controlled" by individuals or
by corporations. . are \u25a0 being ;rapidly subdivided
and settled by, farmers from all over the. world.
• There is reason, therefore, for the city to throb
with Its old life and for "men to .plan a. greater
future, j The; Golden gate-must remain 'open. .- and
no calamity can: close -It. So long as that gate
See Galifornia in a Say
\u25a0By Visiting ' the* Wonderful State' Exhibit ! In ; the
Ferry. Building:'(top- floor): Great display of
i farm . and ' industrial products, • maps \u25a0 and; litera-
ture. -. •'\u25a0:\u25a0':'\u25a0•\u25a0 '.-'.'-\u25a0\u25a0\u25a0" -'^":. - ; \u25a0»\u25a0 . -A-.r-. .;.....»
Stereoptlcon Lectures : Every Afternoon
-<\ Reliable . information - on v all part* of -= Call-
ifornla."; Everything free.,.. Open- 9to 6V - \u25a0' i
CALIFORNIA • DEVELOPMENT BOARD !
r ; Ferry. Building.' Saa'Ranciaoo,*. CaJ.V r Z j
SOL GCTi& SONS"
\u25a0 '' \u25a0' i- \ REAL ESTATE OWNERS f] : Vr J"
. CHRONICLBJ BUILDING - \ ''k\
Richmond,^Sa^setaJad .Oceanside
Lots ori Installments a Specialty;
:. .'->*( Main Of flee— 32B Chonicleßld»."^ : vs
OFFICES. < Branch Of flce-^-Cor. \u25a0 24ta. ay. & H «t.*
? U \u25a0 - I Branch OXfice^Cor. 47th aT. : & H at. i
remains open," San Francisco will live and pros
per beside it. Above everything: else, San Fran
cisco is a seaport.- : Outside ' its ' bay . there are
SO.OC'O.OOO square an lies of ocean, into which
open five great -seas.' The hundreds .of .millions
of. people . living on those shores -.in;, direct -deep
water communication with . San Francisco are
awakening from a sleep of centuries/ China Is
tingling with new .life and new ; ambition?. '.- The
Celestial empire d°es not -want or -social or. po
lltcal \u25a0 or religions \u25a0 institutions,- but \u25a0 It • does want
f our ; products. Tbe ' enormous ; far eastern trade
should fall primarily to-.tbe- states bordering on
the Pacific.-; Von^Sehierbrand- estimates that'the
potential trade 'of : China' alone. Is equal to that
of five. .United- States of America... -were -there
place, for such" commonwealths -between the Pa
cific coast .and .the/Japanese, shores.',':' ,-.:.
—The smoke cloud that darkened the -horizon for.
a short tlmehaslongslnce dissipated. • The hori
zon 'is. now. clear,'- and 'every'sign seems topolnt
to a sure and steady advance of the prosperity of
•the city and the state. • • : • • -
I —What will the future show? jOg^
':H \u25a0\u25a0'•\u25a0\u25a0' They tell us -Pullman- is destined. to be- Park is the very cream of the Pullman' |j|
h| come a city of 10,000 or. 15,000 inhabi- townsite — the real money maker of the **| Wer% !
Hi tants. • .\u25a0= - •\u25a0\u25a0'\u25a0• \u25a0" '• \u25a0-'-'^ • ' -.'-.-'\u25a0; "\u25a0'\u25a0\u25a0- district — the place to invest if you want |.f| lif^rif
B That' other great factories are coming, to make a quick turn or hold for the |J W£S£r\ \|
H' : That it is. to be an. important manu- greater profit. \\ .J&g^pl \
B" rifacturing center— and that ultimately the One "thing is sure — these lots will •|&wMkJBI (\
BB| . Pullman works will be only one of sev- never be worth any less than the price hstvv^^iJ 11
.ma \u25a0 "eral "equally important institutions to you pay. If no one but the factory-hands f § V\V \ ' V
H locate there. i'• , °* tne Pullman plant came here to live, || >vOi 4 »
MR * . If such rumors 1 are^truc, we wouldn't this property would sell at any time at m \ l\
H| : ; venture :' tip - : estimate '"\u25a0: itic; -future, possi-} our opening, sale, quotations. \u25a0 |j| v^a^.l /I
OT, bilities-,ofr % Pullman.-Park.vc ' iWhy-hotfcome over Sunday and in- Ki| \^V^ |l
B| -• In 1900 lots sold" for $400 in Richmond vestigate the proposition? t| \\C\ *
H that are worth $8,000 today, and if pre- \u25a0 m \\
H .dictions icome true, will >be worth $18,000 HOW-TO GET THERE |i W^
;|O. fi^ y t? rS i^tv^lQno in Rirhmmid ' TakeKey^te Ferry, feototMar- M ' •\V
:\u25a0 '-- -Such -property in- 1«X) .in Kichmond- ket street , any time between 9a. m. Jffl \v \
\u25a081 J was' not- as- close; to "the 'center- of ac- and 3- p. m.^ — After crossing the bay ?'l
in Pullman: ' ta^ c pp l e^^ nt '* :» E ,L ectr £i*:. Train and \^
>\u25a0 . ; -j- D'^mnn^ I«t mmn nnnniatlnn S et ofr at 4Oth and San Pablo. rl ' KEH
\u25a0 today. Richmond has IU.UUU population. Then . take the "Richmond" Electric X
\u25a0 V Now, we T don t" claim ; : that- any ; of r our car outvSan Pablo 'Aye... golner North. Un
-^\u25a0' .-'' $600 -Pullman 'Park -lots-; will ever' be and stay on. until you pass the Pullman fi
B BALDWIN & HOWELL I
NEW HOTEL DISTRICT
FINEST IN THE WEST
Latest Additions to Burned District Are Models
Of Architecture and Equipment
That the entire burned district from
Van Ness avenue to Mason street and
from Sutter street to Market will toe
covered eventually with the finest
apartment houses and hotels in any
western city seems certain from the
present construction work in progress
and the new buildings projected for
this district. "
The latest addition to this section is
the large hotel In the south line of
Bush street.. IS3 feet -west of Powell,
which is nearlng completion. The own
er.of the property is Isa&e Grant. It
'will be ready for occupancy the first
of the year.
The hotel will be a six story and
basement brick and steel building, cov
ering: a lot 46x137:6 feet In ,the south
line of Bush street, between Mason and
Powell. Plans for the hotel have been
made by N. TV. Sexton, the architect.
They show an arrangement of the In
terior which is new in this city.
FREXCH HE.\AISSAXCE STYLE
•J. Its'" 'exterior will be in the French
renaissance style, in white and red.
Every room haa an outside ex-
posure.- a dressing room, a pri
vate bathroom, private hall off the
main hotel halls, a largo closet and an
especially designed high disappearing
bed. so that the room may be. used as
a living as well as bed room. There
are 78 of these suites in the building.
Every room will have hardwood
floors, mahogany wall panels with pa
pered friezes and ceilings. . There will
be French windows throughout the
building. Mahogany will be used every
where in the Interior wood finish.! The
bathrooms will be tiled in white and
have shower attachments.
On the main floor wilt be a spacious
lobby, reading room, library and recep
tion room.. The ground floor will have
a billiard room, ladles' cardroom. ban
quet hall, kitchens, pantries, dining
room and lobby. There will be an oil
burning steam heating plant, circulat
ing ice water and refrigerating and
vacuum cleaning plants in the building.
A gymnasium, completely equipped
and ventilated, will be established In
the basement, and in connection with
it will be plunge and shower baths,
lockers and dressing rooms. A glass in
closed roof garden solarium, the first in
this city, will be built on the roof.
The R. N. -Burgess company is the
contractor for this building. .
BRICK APARTMENT HOUSE
A six story brick and steel frame
building for * Dr. . Morris Herzstein on
the southwest corner of Sutter and
Jones streets, with a depth of 122 feet
in Jones, ' and a frontage of 57:6 in
Sutter, Is planned for apartments of
two and three rooms. The top floor Is
to be occupied by Doctor Herzstein for
hla ofßces. and private living apart
ments. This floor will have a separate
entrance and elevator.
The two roomed apartments are equal
to, three rooms, having a small dining
room in connection with the kitchen.
This arrangement applies to the three
roomed apartments also.
• The exterior of the building Is to be
of buff brick and white mat glazed
terra cotta trimmings. The interior is
to-be in eastern gumwood, with vesti
bule and entrance hall of marble. Tha
apartments are to be equipped with all
rr/odern conveniences. The building has
been leased for a: long term of years
through Shalnwald. Buckbee & Co. The
buHdinsr will cost $125,000. J. R. Miller
Is the architect.
STEEI. STRUCTURE DEI*AYED
The St. Francis realty company's nlna
story hotel for the northwest corner of
Turk and Mason streets has been de
layed on account of getlng structural
steeL This material Is now available
and construction work will now pro
ceed rapidly. Excavating for the foun
dations has been going on for several
weeks. When completed In about nine
months It will be one of the handsom
est and largest hotels of the district.
A six story apartment; house Ss to be
erected by the Schmtedell estate com
pany on the southwest corner of Post
and Jones streets. Frederick H. Meyer
Is the architect. The building will be
pressed brick with terra cotta. trim
mings and equipped with passenger and
freight elevators, electric dumb wait
ers and other modern conveniences.
Provision is made for a large lobby
on the first floor and the rooms are
"arranged in apartments of two. threo
and four rooms.
A three story frame hu!ldfnsr will be
erected for Mrs. Ella M. Leigh on the
east line of Scott street, between Hayes
and Fell. Edward L. Young Is the
architect. The building- Is arranged in
12 apartments of three rooms each.
The interior is to be finished in hard
wood and the vestibule in marble.
' From plans prepared by the Home
Planners, work is soon to be com
menced on a six apartment building
for Mrs. C. C. McKenzie. The location
Is" Clay street between Hyde and Lar
kin.
COURT CONFIRiMS AUCTION
OF SUTRO ESTATE LOTS
Judge Coffey confirmed the sales
yesterday to . the various purchasers
of lots "on As'hbury heights sold by
Baldwin & Howell at auction on No
vember 5, 1910. \u0084.-.' -\u25a0\u25a0 .
All of the purchasers were present In
court, also several other parties who
atended the auction, but with the ex
ception of one lot which was raised
from $1,200 to $1,370, bo advance bids
were made. In consequence of which
the purchasers obtained the lots at
the price they offered at the auction.
The sale of the large piece of prop
erty, being a tract of land which Is
capable of subdivision into 46 lots, has
not yet been returned by the execu
trix of the Sutro estate. An offer of
$5,275 was made for It at the sale,
but as the property was recently ap
praised at about $13,000. it Is not ltkely
that the court will confirm the tale
at the price offered by the purchaser.
It la the Intention of the executrix
to return the sale of this piece shortly,
at which time parties desiring to bid
on it can be present in court and sub
mit advance offers.
Some men expect others to agree with
them even when they don't agree with
themselves.. %-'
1)
9

xml | txt