Wednesday, March 12, 2014

On This Date in Minnesota History: March 12

March 12, 1901 - George Draper Dayton of Worthington, Minn., who has already proved his faith in Minneapolis real estate as an investment, added his testimony again today by purchasing fifty-two feet on Nicollet Avenue, Nos. 911-13-15 for $30,000 cash. The deal was made through the Lane & Conrad agency. The former owner of the property was L. B. Richardson of Grand Forks, ND. As a result of this purchase, Mr. Dayton now owns the entire Sea-Curtis block running from Ninth St. up to the alley and 110 feet deep. Last May, Mr. Dayton bought 70 feet on the corner, in December he acquired the adjoining 35 feet and now he adds 52 feet, which makes a stretch of 157 feet.

This property has been purchased as an investment. No special plans have been made for the improvement of the corner. Mr. Dayton said today: “I think the turn has come on real estate and we shall see things move from now on.”

It will be remembered that the recent big deal for the Dayton block between Mr. Dayton and John S. Pillsbury precipitated a movement in real estate, which was simply waiting for some large transaction between responsible parties.

Minneapolis Journal; “Dayton Buys Again; Pays $30,000 for Fifty-two Feet on Upper Nicollet. Things Will Move, says Dayton.“; March 12, 1901; p. 1.

George Draper Dayton

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