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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 21, 1908)
rl .A. A - I C - A i I I j "V V .A ys. - V t t, ; V V. - T - - - v' ' r"T VS ' . V- VN I ' TEH PAGES SECTION SIX JT I j , in. ,vN:iJ s - K V mm REALTY- f.MR KEIJ S: Past Two Weeks' Buildimr Record Exceeds All Ex-, ; pectations of Operators. . HEAVY SALES .OF . r BUSINESS PROPERTY Summer Activity In Construction Assured- Transfers Reach High fig nres .Little Effect . of Fanlo Re mains to Be Seen. ' . With. the building- record Of the past two . weeks far, beyond the - most ' aan- : rulne expectations and the demand for real estate considerably improved, as is Shown by three sales of business prop erty Jn the past 10 days, each of which Involved a consideration closs' to' $50. 000. dealers in realty are confidently ' predicting- ? active-... market t, conditions throughout the summer month's,;.. ,,,, ; Not Only la tract property changing - hands rapidly, but ths demand for. in- . aids sites, both residential and business. Is much stronger than for several months. V This condition ot the market bears out the forecast mads soma weeks ago by several of the more prominent brokers and dealers 4 In local 'realty. Locsllyj there exists very reason for a continued activity in all classes of busl- . ness, and especially is, this tru In the ,. real : aetata market, - "V y.; y::t, u , In no city on the Paciflo"coast art there so. many large building ' enter prises under waj aa In Portland. - The huge packing plant that Is being erected , on the peninsula Is alone' of sufficient , Importance to give considerable Ufa to real estate operations. - The approach ing completion of the . steel bridges spanning the Columbia and Willamette rivers, that will let the north bank road into the city,: Is bound to. exert a pow erful Influence on the .local-realty mar- , ket. , - :, 1 - ..-,1 . .-,;'" , , TPaalo .Had: Uttlo , "Not a single enterprise of any eonse Ouence that was projected for JPortland before the money flurry of last October has been abandoned on that . account . On the contrary, Several large building Improvements that were conceived since the flret of October of last year are un der construction, and It Is known that work will begin this summer on several large structures that were not even : under consideration until some months after the October panic. ' - - - i. All of this goes to prove that the ' Trend of affairs in Portland was not se riously retarded by the trouble that was so generally hurtful.: .i-ros'-.:--';-. -Rules during the past week have been both numerous and Important. But it Is with especial reference to transfers of property in the central east elde district that this article Is concerned. The remark was recently made' by a Teal estate operator, .- who makes a spe cial tyr of handling east side - property, thatf at. least 8 S per cent of all city rropsry trnsfers filed for record In this county . represented sales In the -great residence section of Portland, extending from Walnut Park to Sellwood on the . east side of the river.' An 'examination of the daily record of transfers will in all probability prove, this statement to no true. Residence property on-the west side has become far too valuable - for the average home-buyer, with the result that a very large majority of buy ers select a lot in some one of the doi ens of desirable eaat aide residence ad ditions. ' - '. ' ' i- ..' , i AetlTlty ia AU Bsotloaa. . . : ' It would be difficult to select any one . of the east side residence sections that Is more popular -with prospective home builders than any of the others.- The whole district Is a district of homes. In time to come, and at no very distant t date either, all that broad, elevated tract extending from the Willamette river out - to and beyond Rose City Park will con tain the many- thousands of homes of throbbing, busy Portland. - - Four days' transfers recently (lied show that out of 231 sales of strictly residence property, 171 were east, side . sites ranging In value from a few hun dred dollars to $5,000., the latter a choice corner In -central East Portland. A large portion of these purchases means the early - construction -of . d welling houses. ." ' ' ;. --, ;" ,. - . r - ' Out or IS permnts issued Tuesday Of last week for the erection of residences 7 "I r " :W.' Vis .ilSlBOTSStissli itxmar X..:-MWk. STRONG II FESIPECB OF-. G. F3vlEV7A.LD: SCttU STLBK, cST. n IS BUILT Oil : Fill RAIICII Terrace Park Tlaftedj Year ' Ago Only 100 Lots . 4 ' Remain' Unsold. What was one of the -finest fruit ranches In the vicinity of Portland was purchased from, Mrs. II. J. Mansfield, April 15, 1907, by the Bpanton company. who platted it into 483 lots and Intro duced It aa Terrace Park on May 12 in less than one month. The Spanton peo ple are groat believers In printer's Ink, So wisely did they plan an advertising campaign that they sold 110 lots on the opening day. This company has great faith in the far east side, and from the fact that only about 100 lots are now left In Terrace Park It can tie seen that their-judgment was good. They made many Improvements, Including graded streets anS water, which la in front of every! lot . In the' whole tract. ; Many homes now grace . this - comparatively new east end addition, and nine are now under construction. Good, live, progres sive men go. a long way in the advance ment of any city. It is not by good In tentions alone . that progress Is - made, but rather by- actualities It la sucn progressive-men ss these that develop a city and who are giving the east slue such, an Impetus, and who make It pos sible for people of small means to enjoy the comiorts oi city me at a nominal expense. ' SIGHTLY VIEW FROM r COL0NUL HEIGHTS - One of the most convenient and de sirable additions on the east side Co lonial Heights on Hawthorns avenue just esst of Ladd's tract, affords advan tages to those who desire to live dose In. Only 10 minutes' ride from the business section of the city It is pre ferred by many whose business or pro fession requires their close proximity. Cement walks, sewer, gas and water and building restrictions, coupled with a eommanding. vlew, Insure It aa a select residence district. Sengstake & Lyman have handled -Colonial Heights exclu sively, wlllch comprises 144 lots. . 11 called for the building of houses on ths other side of the river.. Many of the residences now going up In that direc tion are of a substantial character and handsome design. , Within the -past two or three years houses have been erect ed In Irvington, central East- Portland and In the Hawthorne avenue district that cost $16,000 and even as high as $26,000. ,:P!edmont"hd -Walnut Park are both filling up ;: with : attractive homes. In all of these- districts a rigid building restriction ia maintained. In suring that at no time will the hand some surroundings of those who have put up expensive homes - be marred by cheap, - unattractive types -of houses. Far--out in - Irvington, on Hancock, Schuyler,: Broadway - and ; Tillamook streets, scores of expensive, ; luxurious homes have been erected during the past two years, and not one cheap, unattrac tive house, has gone up In the district . . East ;de;BnlIUag.?t: .:.'' Jn all sections of the central east aids property - lias increased enormously In value, - There is scarcely a holding that has' not at least doubled In value In the past three - years. - Hawthorne avenue lots mat could have been purchased In 1908 for $600 to $800, now readily bring $1,200 to $1,500. irvington inside lots that sold two years ago for $750' are now worth, $1,600. -The same thing is true- of Walnut Park , and Piedmont property; -all ef which has doubled In value within two years past. Highland, Highland Park and Vernon have experi enced a phenomenal growth, while the value of property In those districts baa greatly enhanced.. - . : Coming nearer to the center, In the territory embraced ; In the district be tween East Ankeny street and v Haw thorne avenue, and extending from East Tenth to East Fortieth streets, the gain lft property. values has been even more remarkable. . Hundreds of - handsome residences 1 have been erected In this territory In the past two years, while a large number are now under construc tion.. In that part of the territory be tween East Tenth and East Twentieth streets,-a - large number - of flats and four-series apartment-houses have been erected. Quarter blocks la this district that sold, for $1,600 three years ago have changed hands recently at from $3,600 to $4,000.! . . t it Is the activity In" east side prop erty that ishavlng the effeot of hold ing up the Portland realty market. 11 "Xf. 5 i ' i 1 III Li - r-j 'ZZi'' i -.- jie-sx-.:AMk.al-Kv:.v ' -v. - v-vft.-''- - - - PORTLAND, OREGON, SUNDAY MORNING, JUNE 21, ' 1908. HUGE FILLS .. One The making of the central east side, or more properly speaking, the east side business i. and warehouse) district. de pends upon the continuance of the fll work jwhlch was started three years ago when the first carload of earth was dumped in the ' slough under Grand avenue. Six montns aiier mis worn was begun,! the Grand avenue fill, the first and most expensive piece ot street filling yet atempted on the east side, wan ft lirnA l. lnvel street, and the old elevated plank roadway that aerved for so many years to connect m iwu uum nesB district in. old: Kast- Portland- had passed out of existence. . The successful completion of - this undertaking seemed to inspire east side residents and property holdera w4th a desire to do away with all the elevated roadways that served as streets over nearly all of that part of the east side known as the business and warehouse district. The next fill contract to be let was the East Oak street . fill and a sliort fill on. Union avenue,' between East Stark and East Oak streets. Fol lowing that was the Ull on East Stark street. What Is known as the Belmont street nil, on mat -part or teimont street;' between East Ninth , and . East Tenth :! streets, . la nearly completed. HEAVY STREET WORK Large Improvements Under Way in All 'Sections'" of District. Ths largest and most complete dis trict street Improvement ever undertaken In Portland is now under way In that portion of Irvington which was .used for years as the race track. Sewer, gas and water mains .have been laid, and 40 teams and over SOu men are now em ployed grading,, laying; cement. ' walks and asphalt pavements,. The Portland Railway, Light & Power company have applied" for a franchise permitting the extension of the Irvington ear Una -on mMtaMwstsaessjMsasj Tl, Section Where Thousands of Tons ot Work of ' filling' East Morrison street, east of East Seventh street will begin In a few days, . ."' . Comtnct fo'Bl'm.-;'... The Pacific Bridge Company has con tracted to fill a large part of theter rltorv south, of East Morrison street and between Union r avenue and'' the river. Not only are the streets to-be filled to grade, but the blocks are to be brouaht to basement leveL The street fills are to be made with earth hauled on trolley cars from the vicinity of the Oaka and Mnntavllla. and tFTe blocks will be with gravel pumped, by powerful dredges from the bottom of ' the Wil lamette river,. just as. the property on either side of East Morrison street was filled and made available for building purposes two years ago. . It will probably take five years to displace -all of the elevated - wooden roadways in tne central east siue dis trict with earth fills; but that It will be done in that time no one doubts who realizes - the immense advantage to be gained from such Improvement. . W V Property owners who three years ago opposed . making these fills, declaring that the cost, would be so great as to result in confiscating the adjacent property, are now loudest in their de mands that, the whole, system of tres tied roadways be done away with. W. A. SPANTON. Mr!5' SprtntOn has- done a great "deal of development work, having platted Terrace Park, Villa Hill.' Evan ston, Spanton's addition and Alder Springs. ' Eaa't Fifteenth: street. 'and this will add materially, to, the streetcar aervlce. . . The owners of the property have bad many . appUcatlons; for,, lota, , but , liave declined te offer any of them for aale mini uiv iircrv worn wxi rsp nrkiirn advanced to give intending buyers an Intilllgent Idea of the improvements. They now believe that work Is far enough advanced for them to offer lots for sale, and a limited number of lots will be offered at moderate prices, and on easy terms. Rountree & Diamond have ths lots for sale, and full Information can be ob tained rrom them at their office. No. til Starkr street, rnm,. nnA their branch office cornar j-.t d.v.nth and orris streeta. In Irvington. ACTIVE DEMAND IN MENEFEE ADDITION t - k ill -i ,y rV,- rV, The Portland Truat sctlvlty In-Menefee addition which was platted last summer but not put on the market until January. .Already about one third of the entire tract is sold out This is only another Instance of how the east side is growing. Menefee addition has gradod streets, cement walks and curba and Bull Run water In front of each lot. Four houses have been erect ed this spring and two more will be started next-week. . ' , One That -Xever Tarns. ' " - From Harper's Weekly. Teacher (to class) dm von Vm. children, that the beautiful silk dresses worn Dy ladies come rrom little wormsT Bessie (excitedly) Yes'm. That's our papas...' , . v- RAM . - . . t . i , t !t - - Gravel Have Been Used to Make Roadways. 'Three "years ago lots fronting on these trestle streets, except in a few favored locations, were selling for but a small fraction of what the same prop erty is now worth since the completion or the street nils., On other . streets, where - no fills have been made, but where It is known that the trestleways are 4 o give way to fills, .the fronting property has enormously increased in value. Prior to the beginning ot this fill work, ouarter - blocks. In tle east side warehouse district were a drug on the market at $6,000. while during the past 18 months a dosen such, holdings reaawy orougnt sze.eve. ;, ., v v - . It Is in this low ground district that the biggest Increases In value have been scored since the heavy, movement In Portland real estate set In three years ago. One estate that had considerable holdings in tnis territory, ngures that It ia better off by $200,000 because of the Inauguration - of this ' system of street improvement ana tot ruling. "Tearing out these old elevated road ways ana replacing tnem with earth fills has fcroven the salvation of a Inm and now valuable section of the east side," said Joseph Buchtet, the pioneer east .- aide real estate broker. "It has made immensely Valuable a large dis trict that formerly had little . value. There is scarcely a property owner in this warehouse district that is not anx PLAT-TRACT HEAR : : COUNTRY CLUB Graded Streets and Other ' Improvements Mark the . New Addition. ' Van W. Anderson, Lumber Exchange, has an Important announcement about the new tract Country Club addition In this Issue. This addition adjoins the Country club, where thousands of dol lars' worth of' Improvements are being made.':. .The tract will have Improve ments,' such as graded streets, cement walks, graded and narked streets. Bull Run -water, etc Throughout the addi tion choice shade trees will be left standing. Before -the addition was put on the market many lots were sold by observant people, who noted the de sirable location. Being on the Rose City Park car line the service Is good. There are only about '60 lots In the Country Club addition, and it Is expect ed that .theywlll sell rapidly at the prices now prevailing. The opening of such tracts Is rapidly 'developing the whole eastern part of the city. jThe First Requisite. From the Somervllle Journal. Tom -Why : don't you get a spring sultt-- - Dick I can't find a new tailor. new U lt-1 i- - ilerldlaa. IMii.n, l innii fi,,.iirii.iili ohm II i ii i -w-.r -n Miiwe 11 f . - 7rrJi-2; ' ' W . . v, . t .-... I . .., T.,., , ,, '! .:.., j- I.,.,,,. . : .. r , i, - riK r" ' n - , wom ::S!.::.;::: r ious to have the work continue until the laat of the old rickety trestled Streets disappear. -. , . - . Backed, . TJp Movement. - . 'Whitney I Rolse, president of the Associated , Eaat - Side ' Improvement clubs, had more to do with lnaugurat- lng this. movement to displace the' ele vated roadways with earth flits than any other one ,man. .- Three years ago, when. there was but one push club on the east side, the East Side ItnDrove- ment association, of which Mr. Boise was the head, the proposition to make these fills first came up. . It met with determined opposition,, on account -of tne expense. Many memoers or tne club declared that the property fronting on tne mis couia not ds soia tor enouga to pay lor mamng tne.jni. ., . "We had quite a struggle to get street fill work started," said Mr. Boise, "but I doubt if a property holder In' the whole mi district can ne round now who Is not heartily In favtor of con tinuing the work until all the streets in the low district are soua eann road ways. I may safely go further and esy that practically every owner or a lot in the low district Is ready to have his property filled to basement level. . "The Question of cost, is no longer considered, so much more in value than the cost Is added to the property." JOfiESfilORE GAINS Pretty Addition on Monta villa Line Proves Attract ive to Home Builders. One of the prettiest additions on the east side Jonesmore was platted In November, 1907, only the south half of 160 lots being placed on ; the market Building restrictions, sidewalks,- Bull Run water. ' graded streets and other Improvements in addition to the' desir able situation of Jonesmore have at tracted many, to that section. No bouse under a cost of $1,600 can be erected, and residences must be built 20 feet back from the lot Una. Eight houses have been erected . or are under con struction. Jonesmore is desirably lo cated, 1 being on Villa avenue or East Gtisan street ou the north slope of Mount Tabor, having an altitude of 200 feet. Over 160 homes have been erected in Montavllla and district inside 12 months. . There are about 4,600 people In the locality now. and It Is develop ing rapidly. George 3D. 8chalk, who is handling Jonesmore. predicts sreat ad. vancement in values in that section of East Portland which-is warranted from) the expansion during the last year. !:-- r 'f -' Avenue, with.. Terrace Park la tie RESIDENTS RAPIDLY 1 'I ! I IRVINGTON TRAGI IDEAL U SHE Street Improvements Alone in District Have Cost Over $200,000. . ELEVATION 'GIVES , SIGHTLY PAN0EAJIA Over Half Million Worth of Ilom Built Since January Many Ccl ,, : ly and Unique Structures Grace Iu -Streeta. . Since Portland became a city It has had one peculiar and much -talked about feature which has reflected anything but credit on its builders. Ityhaa had no uniformly high grade residence sec tion, where the houses, streets and gen eral layout were arranged according to a carefully laid out plan; and where that menace of all residence districts, the "shack." was handed its quietus. It is a common thing today in any of Portland's oldest residence additions to see a 510.00(1 house Doraereu in on en sides with unsightly ramshackles that are not fit to serve as stables for the elegant private homes they surround. Irving-ton Differs. When the first tract of Irvington property was placed upon, tne marKei the subdlvlders had within their knowl edge a very valuable lesson which vs paid for by h earlier owners 'In ths older sections, and the result of this lesson is. the Irvington today, which Is conceded to be one of the Ideal residence sections of ihe whole city and one of the most beautiful home districts In ths United Statea To begin with, nature has favored Irvington in making it high, alghtly and Ideal for health, while every other detail necessary to complete the picture has been added. ... Few people realixe that over $200,000 has been spent In Irvington in street Improvements alone, out it is j and a very conservative fact, too, and street" Improvements have not ceased at this figure, nor will they come to an end lor some lime to come. , Anuiuri fact which has not et comexhorre to residents In other part of the Rosa Citv is that close to a half million dol lars" worth of homes have: been built or are In the course of erection since ths first of January of this, year. . , " , Keavy Orowtb. " Though Irvington has always been smong the most important considera tions of the street railways, much more Is being done and ' will continue to be done In this community of unmarred beauty and comfort. Two car lines are at the present 'time being extended In order to keep up with the phenomenal growth; In s very short time the .Broad day line will be completed north on Twenty-second to Stanton street and the Fifteenth street line north to Siskiyou ''"The future of Irvington Is best told by the -resent In the form of massive and expensive residences, extending for to-do people and beautified to the fullest Ttnnt vlth Irvlnaton's matchless foil- age and complete system of highly im- firoved streets. The men who pinned heir faith to Irvington in the-past ar, mnerouslv renaid bv an advance in val ues whose stability Is certified by the enormous development. The man who buys wisely now will (ret In the way of the continued development in this locality and his money will be placed beyond even the suggestion of specula tion. - . , - - - - The Pioneers in Irvington took sil the chances. , They bought : and built In Irvington believing that some dar It -would be the best part of Portland resident lally and that others would sea Its. distinctive advantages the same as they. . Time and : development have proved that the first Irvlngtoniana were right and little Judgment Is re quired at this time to see the wl,v7om of becoming a part of and another worker for Irvington at - the earliest possible moment. Ideal Xonts Bite. While Irvington Is a hlgh-clnse resi dence quarter in every' respect It Is also the economical man's natural des tiny, for while the elevation is from 150 to 170 feet, thereby . satisfying every wish for view, pure air and health, the lay of the property is bo nearly levfl that much excavating, grading, etc., which are necessary in so many othf" parts are unnecessary - here. A ninn who comes to the very serious conclu sion of choosing a home site without looking over Irvington and comparln r prices with those of other sections la not fair to himself, for transportation facilities, social advantages, school-, economy and sightliness place this oil established district far In the fore ground It will always be Irvington the beautiful. , . . Asphalt In Syria. Asphaltto layers have been found H Syria, near Kferle village, about is nilies northeast of the port of Lat.ikl.i along the road leading toward Alep') wnicn nave Deen declared ry compel. i t.r mlnlnv .na-1neera in h nnf r.r,l -. . . In asnhalt, but also practically inox- haustible. ForCfiroaaJL 3
