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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