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m «• gome of the concert halls along the s- Bowery that have passed out of exist- t] Is tenee within a few years used to pay t] le enormous rentals. I knew of one that ^ ■r. paid $10,000 a year for the ground floor c- alone, and they ranged from that to h of $-1,000 a year. Of course, business houses ?n can afford no such price—that Is business ht houses that could prosper on the Bowery.'s. As the concert halls have been sup- e 2n planted by cheap shops and rents have an fallen away, the value of Bowery prop- ; t- erty- has- correspondingly decreased. A number of agents have bought lots for business firms at a bargain, to hold it he until it is considered advisable to build. I h- believe that when the new east side sub-F- ways are built and the proposed elevated ng road from the Williamsburg Bridge cut he through from the Bowery to the west nd side; in a word, when storekeepers can •a- feel assured that the streets are not going tie to be torn up before their doors, Bowery nd property will go up again with a bound. ?o. Cheap stores will be replaced by fine sen. buildings with stores.on the ground floor it and offices above. The Bowery will become a greater Greene Street, for example, ow The lodging houses will disappear. Purer re- politics and close watchfulness at election Iks times have destroyed their profitableness 1 :he as centres of colonization. I do not be-
Newspaper Details
New York Times
New York, New York, US
Sun, Jul 02, 1905
Page 22
Full Page
Clipped by
Adam W.
NY, USA 04 Dec 2016
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