Tacoma's Biggest Real Estate Deal in Months: Bennett Sells Prime Corner for New Commercial Block
Nelson Bennett sells the southeast corner of Eleventh and Pacific to the Peoples Store Company, paving the way for a three-story brick and glass building.
Tacoma, May 27. — Special: A deal has been closed by which Nelson Bennett sells to the Peoples Store Company the southeast corner of Eleventh street and Pacific avenue, one of the most prominent in the city. The property faces 100 feet on the avenue and is 120 feet deep. A three-story brick and glass plate structure will be erected, construction to begin about July 1. The building will have 270 feet of display windows on the avenue, street and court. This is the biggest real estate deal in many months.
“This is the biggest real estate deal in many months.”
In 1895, Tacoma was in the midst of a growth spurt, and this sale signaled confidence in its commercial future. Today, the corner of 11th and Pacific remains a busy part of downtown Tacoma, a reminder of the speculative fever that built the city.
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