St. Louis Post-Dispatch from St. Louis, Missouri on April 14, 1929 · Page 75
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St. Louis Post-Dispatch from St. Louis, Missouri · Page 75

St. Louis, Missouri
Issue Date:
Sunday, April 14, 1929
Page 75
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Real Estats gST. LOUIS POST-DISPATCH For Sales PART NINE. HIHIAN CLUB EHLATS1 75,000 JSnfcM of Columbus Pur chase Property for Which $280,000 Was Expected Two Years Ago. SITE FIRST COST CLUB $150 AFOOT More Offers Said to Have Been Made on Downtown Corners Office Structure to Start Soon. By Berry Moore. Concensus of opinion in real ca ttle circles is that the Knights of Columbus drove a bargain in the jarchae for $175,000 of the prop erty of the "Columbian Club on the aorth side of Lindcll boulevard. Itpproximatc-ly 100 feet -west of Vandeventer avenue. These fig-ures trcluue the entire furnishings of e club. Eugene J. Altheimer. president of the firm of Eugene AUhtimer, Williams & Calmer, handled the negotiations in this transaction, wnicti naa Decn nang- g fire for several months. The property has a frontage of s7 feet on Lindell and runs trough to Mel'herson, its maxi- arn dr-pth being 131 feet. The ub building of buff brick is four feorics high and cf a distinctive pc. The second frontage on Mc-herson gives the site a noteworthy fctitential value not reflected in the Purchase price. "When the prop erty v.-as placed on the market floss than two years ago the mem bers said they expected to realize CS0.OOO from its sale in view of '.he possibilities of the club build- ins and the strategic advantages the site. Club Paid $150 a I'oot. The Columbian Club purchased ft site for the present building j years ago ior aruuim mo foot for the Lindell boulevard iron tape, after having refused to bay $S0O a foot for the adjoining kreund. a 100 foot strip, including Lhe northwest corner of Lindell and Jvandeventt r and the southwest Vmer, aceordinar to a veteran feember. The double t rentage on :ae site adds materially to its in-rinsic value, real estate men de- The adjoining strip now is owned 7 the Automobile Gasoline Co., pinch recently refused an unprece dented price for it, according to fcal estate men. The Gasoline fcrm occupies the strip as a filling lYiion wnti approacnes iioiu wui Umrl.-ll ,r,i lcT'hTson. It nur- W., . -. . . raasca tnis strip several years a;o, Before prices on Lindell began to ar. The triple frontage of the Wte gives a unique value tor commercial purposes. The Knights of Columbus have Jhon their prowess before in this ection of the real estate market. a October, 1913, they purchased northeast corner of Lindell and laOxSOS feet, -with plans for tie erection of a 10-story club to t ll.;0,000. The price Involved fcrthe site was $31,000. or approp riately $;o6 a foot for the Lindell uievard frontage of 150 feet. Takl profit S40.000. Two years later, the Knights of volunibus resold this site for 571.- W- approximately $473 a foot, fig- V"tl on the basis of Lindell bou- rfl frontage, or at a. profit of .000. As exemplified In recent ."iL Bascs' Pces of ground on Lm- TT-' boulevard .r tncen flra n r! anr! E?shighway have doubled in vnl-in some instances since that " mie exact figures are not "Pliable, a record nrieo was rai,I the aoulheast corner of Lindcll Sarah, as th. site of a 7-story irtnient, known as 4066 LindHi alevard. This structure wsm ected and is now owned by Aler d F. J. Corn well of the F. J. ell Ileal iretoto of Columbus v ill ft, ui hits v.ulUiiiLia:i Building in September and. fording to State Deputy Thomas Meen, pian to spend about JSSO.-m u ItnProvn?nts. Additions j" be. built to the t .l e building. B?id . Itanium. 'tnir p,, t,0wJtn- alley and tion facilities will be in-Jt- Contemplated is a com- t)la, . . ..... ........ wjm . ' lvr noys ciud, w men 1 thtt t- : . . ... -n-Jiigrns. i.ietatis concern- f thesp imrv.. ... J?! V... ked out at a dater date, and a .hold title to th property and -Mae ror its operation. Take Crr of rio?-.1 Oult itmbu8 have bad in mind the hasc of a building m which viiO!3 could be made for a boys' inasmuch as tov work is one ' the HID BARGAIN I " rmM j LL ; y J Thirteen-story Penney warehouse Spruce streets, nearing completion Thirteen-story Penney warehouse atFourteenth and Residence of Mrs. C. J. Curby, No. 4 Washington terrace, recently purchased by Mrs. John E. McKinney. The Mercantile Trust Company and the Bush-Burns Realty Company made the sale. purpose. The main entrance to the present club is on Lindell, but in all probability, an entrance to the boys' club will, in addition, be constructed on the McFherson avenue side. The present Columbian Club building, which was built for club purposes, is admirably adapted 1o the needs of the Knights of Columbus. The first floor contains a large lobby, ladies' parlor, billiard and pool rooms, gentlemen's lounge, dining room and offices for the manager. The second floor has an assembly room 60x116 feet, which may be divided by folding doors into thro" rooms. There are kitchen, smoking and committee rooms. The third floor comprises a large ball room with a 2 4-fooC ceiling and a stage with dressing rooms and waiting rooms for ladies and gentleman. A balcony overlooks the ball room. Off the balcony is a sis-room apartment for use of the manager. Plans fr disposal of the present Knights of Columbus building on Olive street east of Grand boulevard have been discussed for some time, but nothing definite has been decide-d. Offer, for iKiwntown Corners. A number of offers were reported last week involving holdings in the business district, especially on Olive and on Locust. These included several Olive street corners west of Twelfth boulevard suitable for large building projects. Locust street corners between Eighth street and Twelfth boulevard are attracting decided attention, in view of the re-awakened interest in this section of the thoroughfare". 35-STORY BUILDING TO START BY MAY 15 Construction work is expected to bejrin by May 1j on the 35-story office building planned for the west side of Twelfth boulevard, on the block between Olive and Fine streets, adjoiaing Memorial plaza. This announcement, which is in line with the first a nncuncement of the plans a month ago. was made yesterday by K. W. St. Louis Is Growing industrially and commercially. This growth is sure to maintain and appreciate real estate values. An investment now is wise. We have several attractive investments, large and small, that we would be pleased to submit to you. GIRALD1N BROS. R. E. CO. Established 1890 : Residences Recently ' - l- ' ' Walbridge, boug ht by I f"-'-- Warne Niedringhaus. Al- -. w, JUSfe " iAX i bert Terry & Company f 117'' 'AO died the negotiations. !C O 'AD PI: Recently completed residence of ,George A. Capps, at 556 Warren avenue, University Hills. Edwin B. Kelly, architect. president of the Builders' Investment Co.. in charge of the enterprise. Banister said financial at-rangements had been completed for the project. The prospect of speedy construction of this splendid modern structure, 35. stories in height, has stimulated interest in realty throughout the entire Flaza district. Its nearest neighbors are the new Missouri Pacific and Olive-Plaza buildings. W. H. Bixby and W". J. Holbrook are vice-president of the company directing the enterprise, and the other officers and dire-ctors are W. J. Knight, H. J Campbell, G. R. Bartling, J. Gates Williams and Lon W. Harlow. The architects are Manske & Bartling. The site for the project was assembled by the Holbrook-Blackwclder, and Henry Weisels. Inc. AUTOMATIC MERCHANDISING CORPORATION OPENS BRANCH The Consolidated Automatic I Merchandising Corporation has es tablished a. branch office at 1918 Washington avenue. The companies combined in the recent merger are the General Vending Corporation, F.emington Service Machines, Inc.; Peerless Weighing Machine Co.. Sanitary postage Service Corporation, the Schermack Corporation of America. Automatic Ticket Register Corporation, Hoff Vending Corporation of Amerior. send the Automatic Merchandising Corporation of America. The Mercantile Trust Co. represented tti lessee and Vranciscus Realty Co. the lessor. ST. LOUIS, SUNDAY MORNING, APRIL 14, 1929. Sold and a New ;0wrsMzMy CX 35r" --, - .. - H. A. O'ROURKE'S SALES TOTAL FOR MARCH $201,000 II. A. O'Rourke reports real estate transactions totaling $201,000 for March. Included in the month's transactions were: CS-4 Hancock, brick bungalow, from H. Wilken to Fred Schreck; 3706 Sa-lena, single flat, from A. "Will to a client: 2641 Minnesota, double flat, for Fred Schreck: 4"65 Humphrey, cottage, for Adolph Fritsch to Henry Wilken: Minnesota for E. M. Hegwood to F. Hediger Jr.; 34 39 Halliday, brick residence, for C. F. I'rante to B. G. Voges; 376" Blow street, for Bargara Kegler to a client: 7009 Tholozan. from Robert Sparling to John Thiel; 4031 Botanical for a client to Robert Sparling; 2219 South Jefferson for H. Stempel; 1740-42 Pennsylvania, double flat, for Arthur Krueger; 2234 Missouri avenue, from Joseph Peter to George K. Mueller; 4320 Michigan, from Louis Xicolay to H. Stempel; 2002 Victor from Joseph Blacky to Fred J. Kertz. and S 23-25 Fillmore, for Rosa Wirth to AVilliam Poppen. rengel-WebeOealty firm reports six recent sales The Rengel-Weber Realty Co. reports the following recent sales: New five-room bungalow, 5245 Wiesehan, for a client to Philip Geil; 4055( Utah, five-room bungalow, for a client to Thomas C. Ga1p: 3003 Fidnr-y. four-four fiat. 10 SJlf ri ATTENTION! BUILDING INDUSTRIES A limited space is yet available for exhibit purposes in the permanent exhibit of Building Materials and Equipment, established in the Arcade Building for the convenience of architects, engineers, contractors and the public. Announcement of opening will be made this month. Ths Building Industries Exhibit Bureau, Inc. M .rra Bids. ffcaa tElrl 5tS. Wm. F. Wischmeyer. Pres. Geo. R. Bartling, V. P. Edward Lantz, Treas. James Riordan, Secy. 13-Story Warehouse . . - - 4r -V 1 (TWO BUILDINGS SOLD l! UN UtLMAK BLVD. Three-Story Structure at 6307-09 and Four Stores at 5614-20 in Deals. Two sales of property on Lel-mar boulevard were features of the w est end real estate market last week. Henry R. Weisels, Inc., announced the sale of 6307-t9 Delmar, and Weinberg & Weinberg, 5614-20 Delmar, adjoining the Uelmonte Hotel, the reported considerations of the two properties aggregating $150,000. The "Weisels deal involved the sale of a 3-story building, for Margaret B. Tracy, to Leah Ru-benstein. The property is in University City opposite the Tivoli Theater. The building contains two stores, four apartments and six garages. The annual rental is approximately $8500. Miss Ru-benstein recently opened a dress shop in the east store, and purchased the building to enlarge her shop. The Weinberg &. "Weinberg Realty Co. through its president. David I. Weinberg, and the Jack Rosenblatt Realty Co. handled the sale of 5614-20 Delmar. comprising four stores. The property is between the Delrnonte Hotel and the new apartment and store structure now being erected at the southeast corner of 1) Balivitre and Delmar. The property was sold for Philip Jackman to V. Viviaoo. The Weinberg & Weinberg firm repprts this sale to le the third on Do Balivbre or De-lmar within the past SO days, each being valued at approximately $75,000. ror William "Wild to Fred J. Schmidt; 5it'9 Hartford, new 5-room bungalow for a client 1o Treavy Olson; a lot on the south side of Hartford for a client, to Jean Rockwell, and a six-family flat at 1011-13 Allen avetrue for Marcarft Knoll to Annie Fmith. sr.',.-:''. w The Ladd residence at 41 Washington terrace," purchased by Arthur A. Blu-meyer, President "of the Board of Education. Albert T. Terry & Company handled the transaction. ARENA NEAR PARK TO BE READY JUNE 8 St. Louis Exposition Will Open in. National Dairy Show's Permanent Home. The Arena, which is being built by the National Exhibition Co.. at 5700 Oakland avenue, west of Forest Park Highlands, is nearing completion, and will be in readiness for the St. Louis Exposition opening there on June S. The exposition, of course, will be the first use ''of the new building. The cost of the Arena will exceed SI, 500, 000. It is being erected principally as a permanent home for the National Dairy Show, which will hold an exhibition their each year in October. This shear's dairy show- is scheduled for October 12 to 10. In addition to the two events mentioned, Ben G. Brinkman. president of the National Exhibition Co., is negotiating with Jack Dcmpsey, the former heavyweight champion, who has turned boxing promoter, in an effort to stage a 10-round championship fight in the Arena on July 4. The building would furnish seating accommodations for 19,500 persons, and, according the management, each seat holder's view would be unobstructed. The board of directors of the St. Louis Iteal Estate Exchange and the Furniture Board of Trade of St. Louis approved the enterprise last week. Arrangements have been made for members of the Junior Chamber of Commerce and the Salesmanagers' Bureau of the Chamber of Commerce to make an inspection trip through the Arena. A loan of $750,000 has be;en negotiated by the National Exhibition Co. from the Lafayette-South Side Bank, secured by a deed of trust on the Arena property. The deed j is for 10 years, at pt rent. TRELLIS TEA ROOM 4.vt n Vie Will kcree AH Tiia Week Chicken or Steak SPECIAL DINNER $1.00 Kundaj IManrr yj wva tm r. M We make a n- tfiKs ' -it ui w ana !n t lie cty. AH ho?xe-voked fewj Open 7 A. St. to 9 P. 31. tiaiij and Sunday Fin n8C-vaiKn Cali CAb. 2021 IOE301 n O D 9 ) IP in - fc, Laclede Bond & Mortgage Co. 714 Chestnut St. 15 CHestnut 6910 ST. LOUIS AREA NEW INDUSTRIES IN MARCH Nine Existing Concerns Expand Contracts Let for Natural Gas Line Building Permits Decrease 19.91 Pet. Establishment of eight new industries ana expansions of nine existing ones in the St- Louis In dustrial District was announced yesterday in the monthly report of the Industrial Bureau, of which George C Smith is director. To accommodate this industrial activity, five new factory buildings embracing 227,320 square feet, and the absorption of 13 0,100 additional square feet of old factory spaco, will be required. Added industrial investments aggregate $2,653,000. and employment will be created for 1644 additional factory workers. "The outstanding announcement of the month," states .the report, "is the completion of the third unit ol the Wood River tannery of the International Shoe Co., making this the largest side-leath. er tannery in America. Organiza.. tion of the Paramount Shoe Manu facturing Co. and expansion of the Valley Shoe Co. also are of in terest. Natural Gas Line Contracts. "Since publication of the last monthly report the "Wright Aero nautical Corporation has completed negotiations for its St. Louis plant, having leased property of the Aluminum Good Manufacturing Co. at McKissoek street and Adelaide avenue. The new plant will go in production in July. "Contracts have been awarded for the natural gas line from Monroe, La., to St. Louis. Ford. Bacon &. Davis, New Tork. will supervise laying the 55 4 miles of line. Three hundred and twenty-four miles of 22-inch pipe will be manufactured by the A. O. Smith Corporation, Milwaukee: the remainder of the large size and 40,- THREE VANDEVENTER FLATS SOLD BY MULL1N-WALTERS Mullin-Walters Itealty Co. reports the sale of three four-family apartment stx-le flats located at 170S-12-16 Sc'Jtht Vandeventer avenue for the account of a client of their office, to Arthur C. Carlson, president of the Independent Paper Stock Co. Carlson pur-cnased these flats as an investment. Both parties in this trans-tion were represented by Mullin-Malters Realty Co. Mullin-Walters Realty Co. also reports having concluded a long term lease on the northwest corner of Jefferson avenue and Pesta-loozzi street, to Donald Huffmann, who. after alterations have been made will occupy this store as a drug store Huffmann has for the last few years had a store at Twenty-ninth street and - Shenandoah avenue. This lease was made for the account of Missouri Mortgage Security Corporation, and both parties in this transaction were GfJTTEfWJG and SPOUTING . SHEET METAL WORK OF ALL KINDS TI10S. UcIlEUnY SOU TINKERS CO. ESTABLISHED 1M2 Lindell 3244 Rlvrid 6679 interest return S IMF aWZ-TT REAL ESTATE LOANS We make building loans or loans on completed dwellings, apartments and business properties at current interest rates with a very moderate charge for the service. PAGES i 18B GOT EIGHT 000 tons of feeder line will be supplied by the National Tube Co. "Principal busiress barometer for the month of March, 1929, as compared w-ith March. 1S2S, may be summarized as follows: Building permits decreased 19.91 per cent; bank clearings decreased l.SG per cent; debits to individual accounts increased 3.2 2 per centr industrial failures (liabilities) decreased 9 8.07 pr cent; barge line, tonnage increased .35 per cent: post office receipts decreased 1.75 per cent; water consumption increased 2.05 per cent; loaded freight cars handled by the Terminal Railroad Association increased 4.04 per cent. More Gas rid Power IVd. "For the month of February. 1929. compared with February, 1925: telephone calls decreased 2.98 per cent; revenue street car and bus passengers decreased S.53 per cent on lines of the St. Louis Public SerUce Co.; bus revenue passengers increased 2.79 per cent on line of the Teople'e Motorbus Co.: industrial gas consumption increased 5.31 per cent and industrial electricity increased 4.4 5 per cent. "Building contracts awarded In St. Louis during March, according to the F. "W. Dodge Corporation, were $7,517,000 as compared with $3,720,000 for March, 1928. a decrease of 22.73 per cent." St. Louis building rermits i-t sued last month, the report continues, show a valuation of $!.-119,515, as compared with $3,835,-080 for March. 1P28. "Construction resulting from permits issued during March will accommodate 851 families, while 768 families were accommodated by construction of March. 1928." represented Realty Co. by Mullin-W'alters Completes Houne at lilt Augusta. J. Charles Mueller & Son. builders. 352 8 Hebert slreet, reports completing for Mr. and Mrs. Albert Buschcr a new seven-room residence at 7411 Augusta avenue, in Normandy Grove. FOR ADDITIONAL' REAL" ESTATE NEWS SEE NEXT PAGE RAIN, RAIN AND MORE RAlN Is your basement wet and damp? We C Make It Perfeetl I-y bf I lnt HYDRO-PROOF The f.rrt-' w Btrnwrnflng Material Kbmwb. All Hrh atirartr7 r ray Fitcr Resurfacinf t Waterpraafing Zi. 99 . frrrmd t M. I Aula, Mo. Fhonc (Hettaat 493ft 6 Gold Notes Secured by first mortgages on good, high class improved St. Louis Real Estate. Denominations $250, $500 and Si 000. Maturities x, a, 3. 4 or 5 years. ANDERSON-STOCKE-3UERMANN MAi 4593 MS Cbaataut St. I0C301 CHettnut C313 Prty Is iUvaily fcituatcd for lhit IOE30I

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