We learn that negotiations for some time pending for the purchase of certain property on the north side of Fayette street, near Eutaw, have been closed and the property secured for the erection, with every modern elegance of an Opera House, suitable for all first-class amusements but especially adapted to musical performances. The lot extends from Fayette to Marion street with a front of eighty three feet and a depth of one hundred and fifty five. The location is accessible from all portions of the city by the City Passenger cars, and it has lolng been thought a desirable point for a place of public amusement. The building will be as large as a proper regard for acoustics and optics will permit, similar to Wallack's New York and Selwyn's, Boston. It is expected to be commenced at the expiration of the leases of the tenants now occupying portions of the property. We learn that Mr. Jefferson will be one of the directors, and that Mr. Ford will have the management. The number of stockholders is limited.