The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-25
DEMAND FOR REAL ESTATE
Outside Capitalists Inquiring for Prop
erty in the City or Suburbs.
Great Activity Is Shown Among Builders
Who Have More Contracts than During Any
Preceding SeasOn-Costly improvements.

The very sudden return OF wintry we&ther
the past week had depressing effect on the real
estate market, but still very satisfactory bust
ness was done. While there was quite falling
of in the number Of sales recorded. the dealers
say they have not had a buster week this year
! in answering inquiries and showing property.
| Quite number of inquiries have come to them
| during the week from capitalists of Cincinnati
Pittsburg and other places, and some St.
Louis men who have money to invect have writ.
ten for information concerning the outlook. In
some quarters there 10 tendency to advance
prices account of the introduction of natural
gas. but such movements are discouraged by all
who desire to sea the most good come from
steady. reliable market. The bulk of the
demand is still for unimproSed property, bat
there is very strong demand for reasonably
priced residence property. All the dealers are
having an encouraging demand for residence
lots near the city limits, and the indications are
that the number VINO will this spring quit pay
ing rent and occupy handsome or cozy dwellings
OF their own will be greater than during any
preceding season, and that the call for perma-
nent hcmes-good modern houses. desrably To-
cated-will be more brisk as the warm weather
comes.
During the week seventy-aight deeds were re-
corded, representing property valued at s104.-
907.79 While the business lie not as great as
that done the two weeks previous, il shows a
handsome increase over the business for the
corresponding week OF last year. Haughville
and West Indianapolis have profted most by the
sales during the week Several plats of lots
laid out only few weeks ago have been, to a
large extent, disposed of, and thelandowners in
the vicinity Of the suburbs are preparing to
lay out more lots for the market The enthusi-
astic citizens of the suburban towns believe that
the rapidly growing towns viii meet each other
at Washington street within 1wo years and form
. city west of the river Of NO mean proportions.
During the week eighteen lots were sold in
Brightwood, for 81, 500. Broad Ripple property
is also on the boom, at greatly advanced prices,
and 3 subdivision to the village is now being
staked of
There were not many sales of note during the
week Henry L. Wallace sold to Lewis Wallace
the block on the corner OF Massachusetts ave.
nue. and New Jersey street, known as s'Crown
Point" for $4,000 The heirs of Elizabeth
Smither sold TO Chauncey L. Turner the
block on the corner Of New York
street and Indiana avenue for $8, 600.
and Rezin FL. Hammond transferred to Isabella
D. rainier the block on the corner of Massachu-
sets avenue and Vermont street for Sic, 200.
Inc building BOOM which has been fairly in
auRurated promises to be unprecedented. The
only thing that is worrying the contractors now
Is now they will De able to get through with all
TIE work that Is offered them. Already arrange
ments have been made for the erection of more
business blocks this spring than have been put
up In several previous years. Some half dozen
costly 6iocks are now under way of construc-
ton and work on the others will begin shortly.
Among the finest buildings to be put up will be
tnat oy the Mccormack Reaper Company. to be
erected on the southeast corner of Pennsyl-
vania and Maryland streets. The plans for the
new building arrived from Chicago yesterday
ana indianapolis contractors ere to be given an
opportunity to BID on the work. Work on the
new business block of Mckee & Branham, on
the southwest corner of Meridian and Georgia
streets will begin this week. The building will
face thirty-6ve feet on Meridian street and on
hundred on Georgia. It will be Ave stories high
and will cost $37 600. The remainder of the
lot south of Mckee 8 BranhaIn, owned by the
Berkshire Life Insurance Company, is for SALE
and the agent says that unless one is m ade soon
the company will erect handsome building on
1t. The next lot adjoining on the south is
owned by v. T. Malott. and he announces that
he will put mp fine structure there sometime
the lot next to Mr.. Malotts says be
will soon begin theron bust
ness block, with all the modern
west side of the street. On the east side Geo.
w. Stout already has his new block under way. |
and the lot formerly occupied by D. P. Erwin s. |
Several gentlemen are contemplating purchasing |
and placing upon 1t good building The pro- |
posed addition TO Fletchers bank viii be COM
menced In few days. The building and new |
vault to be put in will cost $4,000 Mr.. W. B. |
Burford 10 talking OF erecting a large block on |
the north west corner of Illinois and Maryland |
streets. His business has outgrown the quar- |
tiers he occupies at present and he is compelled |
to seek new quarters. The building, if he con- |
cludes to erect it, will pc six stories |
high. As many more handsome blocks |
under contemplation, and it is certain that |
nearly all of them will be built
During the week hfty-two permits were is |
sued, calling for an outlay of over $75, 900.
Among the more important permits issued /
are the following: Henry Suefed, two-story |
brick house on corner of Ray and Meickle |
streets q, 900; Martha j. Watson, four frame
800 each; Patrick Csnlen, frame dwelling on
Woodlawn avenue. Rude street, 81, 200;
Patrick Cenlen, frame residence Woodlawn
avenue, near South West street. 81, 500: Thomas
A. Jeffery, two-story frame dwelling on
Broadway street, near Lincoln avenue,
So 000 Philip Renihan, frame cottage on corner
Ohio and Noble streets, SO, 500; Mary E.
Laycock, frame cottage on Bates street. near
Dillon, 81, $50; Scatter & Evans Brothers, frame
store room and dwelling McCarty street,
near McGinnis, 81. 800; w. s. Cannon, frame
cottage on New Jersey street, near Home
nue., 81, 300; A. j. Lyon, frame railroad Office en-
Seventh street, near Railroad, 81. 900; F. Raus-
near North, 50, 600 each; John JONES' on behalf
of South Calvary Baptist Church, frame church
on Maple street, near Morris, 81, 900; Amelia |
Talge two-story frame dwelling Lamberth
street, near Clifford avenue, 81 800; David King,
three frame cottages Hurt avenue, near
Linden street, 81, 900 each; Mrs Rowland. two
ssory brick store-room corner OF Mississippi |
and Third streets, s., $780,
wTY1