Chicago eagle., 1899-11-04
SOME GREAT REAL ESTATE DEALS

Plans are under way for the purchase
by u syndicate of the made land lying
between Oak aud Pearson streets and
bordering OH the new extension of the
Lake Shore drive. The land embraces
thirty acres and Its valuation Is put IN
the millions. With the completion Of
the roadway between Ohio and Oak
streets this made land IL brought one
step nearer IN advantageous market.
and this fact has been one Of the I'm.
ducements to promoters Ia give the
tract their attention. II IL even limited
that the syndicate, II successful In Its
present attempt. will try to extend Its
operations to the rest Of the north shore
made land as far south as Indiana
street.
Henry y. Cooper. real estate dealer
mt 100 Washington street, IL engineer
ing the deal and y. Il. Lyman, Fresi-
dent of the Chicago Title and Trust
Company, IL one of the others interest.
cd. Mr.. Cooper Il endeayoring to In
tcrcst New York men In the purchase.
and II is said that wealthy Englishmen
may join the syndicate.
All day representatives of the syn
dicate traversed the made land and
examined the improvements made un.
der the direction Of the Park board ut
u cost Of 500 linear foot. 1t was said
they had practically admitted acquired
ownership of the Fitz.Simons. Nc Nells.
tion the purchase of other parcels.
However General Fltz.Simons said
the plans had not yet advanced to II
definite issue.
while there Is nothing definite yet
In this undertaking" said Gen. Fitz-
Simons, lit Is likely the deal will 90
through In time. II the present pro-
InOtcrs do not succeed I suppose some
body else will. know ] want TO sell
and will sell my land for what 1t Is
assessed for, or for less. 1t Is assessed
at 500 Il front foot. That land cost
mo S25OOO and ] want to get some of
my money back
"The other property owners In that
tract are willing TO sell, believe.
There are thirty acres there. ! take
In the rregularly shaped tract north Of
Pearson street and east of Lincoln
Park boulevard
The promoters Of the syndicate now
figuring on the deal are the Chicago
Title and Trust Company. ] under
stand IL Is New York or Eastern capl-
tai they are trying 10 enlist In the nm
dcrtaklng. The purpose of buying the
tract, as | understand, j. 10 make gen
cral and uniform improvements in the
tract and TO make 1t desirable imme-
dlately for residence property. With
such improvements as are planned that
instantly would become the most de-
sirable residence property in Chicago
by reason of It's location. The advan-
iagc Of one owner is why It will be easy
To sell the land to n syndicate"
George Blrkhoff, Jr,, said he repre-
scented the property-owners In the made
land and that he, too, had been ap-
preached by the syndicate. lie said
outside the improvements that syn
dicatc could make, only street car
line was needed To put the tract on its
feet.
~ Oak street and Lake Shore drive
the Lincoln Park Board reserves tri'
angular tract Of five acres for park pur'
posses and 10 the south Of this is half
block owned by the Fitz-Simons, Nc
Nclls. and &. w. Lalng interests. Ad-
joining 10 the south and extending
from Walton place aud Delaware place
to- Chestnut street is the property 10
which the Almindingcr estate holds
title. From Chestnut TO Pearson street
the title il In the name of Fltz-Simons,
McNells. and q. W. Lalng. This Is the
south end Of the thlrty'acre tract now
lnder consideration.