The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-24
GREAT BUILDING PROJECTS.
An Imposing Block with an Arcade To
BE Erected on South Illinois Street.
of Preparations for Other Exten-
sive Improvements in the Vicinity Of
the New Union Depot Site.

Ever since the new Union Depot project be-
came certainty and its location assured, there
has been strong feeling in real estate circles in
that quarter Of the city. Money seeking invest
ment of this kind has turned 10 Illinois street
not for speculative purposes, but for permanent
income. This was apparent in the early sum-
mer, but 1t is only lately that plans have taken
definite shape. Some are in progress of full
fillment, others are still matters of considera-
ton, and many more are in contemplation. If
all that have taken shape, and others that will
probably develop during the next twelve
months, are carried out the South nlinos-street
improvements within square and a half of the
new depot will equal in value that great invest
ment
Running from the alley Immediately north of
the new Union Depot site to the north line OF
the lot on which the Weddell House stands are
several lots owned by V. T. Malott, Simon Yam
des, VIM. Fl. English and John Faehr.. The
houses on these lots are old wooden shells, util-
lied by small eating houses, stores and cigar
stands. The occupants have been notified to
cate them about the first week in October After
that the buildings will be torn down and exca-
vations made for An imposing business block.
The plan has not been adopted but it is contem-
plated to get the foundation in this fall 30 work
on the building can begin in early spring. 1t
is proposed to make this one of the
finest ornamental business structures in the
country. On the south of it the alley will be
widened to fifty feet, giving the block an impos-
ing frontage to the new depot. 1t is an idea en-
tertained By Messrs. Malott Yandes and Faehr
to have an arcade leading from this frontage to
another running from Illinois street to the alley,
extending north and SOUTH which shall also be
made a fftyfo street It Is thought Mr..
English will adopt this plan. This plan. how
ever, Is only talked about It may be changed,
but the arcade strikes the fancy of all the gen.
tiemen interested II it is carried out the
cade will be modelled after those of Paris and
Milan.
Not long ago Mr. Faehr, who has in progress
elegant improvements at the Spencer House,
bought two lots on the west side of South ILL
nois street for round sum. Yesterday he be-
gan to tear away the old buildings. to make
room for handsome three story brick business
house. There will be two fine store rooms on the
ground floor. and the second and third will be
arranged for Offices All modern improvements
are to be used in elevators, plumbing and ar
ranaement. Fine hard woods are to be used for
the interior finish, while the front will present
handsome ornamentation in pressed brick and
terra Gotta. The cost Mr. Faehr did not feel in
cined to give. but it will be 500. 900. if more.
A few days since he purchased the block on Me-
ridian street. occupied by Gordon, Kurtz & Co.,
for $50. 600.
Mr.. Malott expects daily the revised plans of
the Union Depot. It is the purpose to have the
foundation for the main building laid before
winter sets in and in the meantime the vladuct
and tunnel improvements will be pushed forward
to early completion. Another enterprise that is
certain to take form before long is the building
OF an extensive freight clearing house. The
property south OF the present Union Depot, ex-
tending from McNab street to South, and from
Illinois to Meridian, is to be secured for this
purpose. 1t is understood that g great part of
the ground is now owned by gentlemen interest
n a 10 mil to
is proposed to have all the freight in the city de-
livered to and from this house