From the years 1894 to 1904, the land and buildings on each side of State Street gained over ten million dollars in value, jumping from $13,577,600 to $23,773,700. Over a dozen skyscrapers erected within this time frame and State Street was becoming more and more of a dominant road in the eyes of the financial district. A quote from the Boston Daily Globe in 1906 states, “It can truthfully be stated that no city in the United States has made such strides in development of real estate in its business section as Boston. Within a decade for instance the property values have nearly doubled on State Street.” A main reason for the increase in value not only has to do with new buildings being constructed, but also State Streets close quarters to the Long Wharf dock (just passed this parcel specifically). “The water front is being gradually improved by making the dock deeper, and extending the areas of the harbor and land commissions line, by building new pile with the best material, and making solid and substantial improvements in other ways that cannot fall to bring increased incomes to the owners.” The Long Wharf dock located at the end of this parcel was so important for the growth in business along State Street. By deepening the dock and creating a better area for boats to come in, it allowed all traders and travelers to have easy access on to the street. The long wharf property was a very desired space for investors as there was limited water front space in Boston at the time.