The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-10
MARKET FOR REAL ESTATE
II Has Been a Week of Big Deals in
Downtown Business Property.
Thus the Aggregate Transactions Are Very
Large-Factory Sites-New and Hand
some Homes to Be Built.

The past week has brought forward sew
eral large real-estate deals. with indications
of more to follow. The week opened with
the sale of the Hubbard Block. the largest
transaction that has been made through q
real-estate agency at any time IN Indian
apolis. The block was owned three-fiiths
by w. S. Hubbard and two-fifths by Simon
Yandes and sold to l.. S. Ayres for see. 200.
The frontage is sixty seven and a half feet
on Washington street and 16Sl5 feet on
Meridian street This deal was made
through the agency of Charles +. Sayles.
An important sale was made through the
Alex. Metzger agency. This was the sale
of the Beatty homestead for Sl4, 500 TO DR..
Painter. who will establish sanitarium.
This appears to be the beginning Of sort
of sanitarium Renaissance" as following
this Col John w. Ray has sold his resi-
dence. No. 249 North Alabama street. to DR..
l.. III. Dunnng for $4,000 The Doctor in
tends to establish hospital for the treat.
ment of q certain class of surgical cases of
women.
Dr. w. b. Fletcher is negotiating for the
purchase of'the Henry Schnuil homestead,
on Alabama street between Ohio and New
York. for use as q sanitarlum.
Some time ago Henry Sehnull gave an
option on the Occidental Hotel TO Chi
cago syndicate. His igure was S2S5. 600.
and the trade Will be closed in day or
two. The local agent for this syndicate
says that hotel ten stories high, faced
with stone, will he erected on the site as
soon 8 the trade is consummated.
The Western Union Block. on South
Meridian street. formerly known as the
Condit Bloch. owned by Michael OConner,
has been sold to w. Ia. Coleman for SIS 0O0
This block fronts fifty-seven feet on
Meridian street and sixty seven and half
feet on Pearl street.
Henry ID. Pierce has sold his interest in
the building at No SO south Meridian
street to Mrs. 81. ii. RuddeIi for 5000.
which Is equivalent TO 1000 q foot front.
A number of small transactions have
been made and the outlook during the
past three or four days has
greatly improved. Mr.. Frenzeps dIspiriting
statement that no further extensions of
street-car lines and no further equipment
of electric lines would be made this year
fell like Wet blanket on all would-be
dealers in earth. The publication III the
Journal that the street railroad would soon
pass INTO other hands has already had u
cheerful effect on the real-estate market
and inquiries for the last three days have
been numerous.
Mention was made in yesterdays Journal
of couple of large land deals in the north
western section of the city. the purchase of
twenty-five acres for the American Can
ming Company and new coffin factory. and
the sale of seventy-two. acres adjoining
Mapleton by Thomas d. Stout to Furman
Stout.
Meridian street is to acquire two moro
costly and artistic homes in the near fut-
IRE. Col. Eli Lilly has purchased the lot
Just south of A. G. Hsrris's new residence
and will erect commodious dwelling.
Charles Mayer Will build q handsome house
on the lot inst south of Seventh street.
Golden Hill park. owned by George But
Ter, located on the canal, due west of Crown
Hill, containing twenty-five acras. has
been bought by }. e.. Shafler, who will
make 1T a suburban home. The amount
paid vas $500. The transaction was made
through the agency or Charles +. Coffin
~ Co.