The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-03
THE BUILDING OF FLATS
GREAT DEMAND THEM SHOWS
NO sign OF FAILING.
Generally They Are Rented as Soon
rs the Plans Are
Transfers and Permits.

The building of flats and apartment houses
at desirable and convenient locations prom
ises to be quite extensive this year. The
fear that the erection of this class Of
buildings viii be overdone is not warranted
from the fact that all now in readiness for
occupancy are rented and there is a elamor
for more. When a new apartment or up
to-date fiat building is announced the build
er, II known, is pursued by persons desir-
ing 10 procure quarters and in many in
stances leases are drawn for every suite or
Hat before the work of construction is be-
gun. This is true of the magnificent Lewis
flats under construction on Capitol avenue,
the Grubbs dwellings at st. Clair and East
streets, the Pearson dwellings at St. Joe
and Alabama, and other modern buildings
elsewhere. If there is TO be too many of
these structures it does not appear to be
indicated now, when the city Is slowly
but surely adding daily to its population,
and a demand for attractive and well ap-
pointed apartments is at hand.
The Improvement in real estate values
and business grows and shifts in ndian
apolis as in other cities, but no quarter
or single square of the city has shown
within eighteen months such strides as
that fronting the East Market on Alabama
street north of Market street, unless it
be Massachusetts avenue, where there have
been many recent transfers and IN the
past month sales aggregatlng nearly SlOOs-
600. New buildings are going up and this
avenue from Ohio street to Michigan will
soon have many modern buildings TO in
duce new and larger business Interests. On
A ! - no mo nrWnnF - I'll IfnfRfnf rFAXfnrfZIr
mentioned there have been eleven trans
fers of property and twelve storerooms
built and occupied within the time stated.
The most important transfer of the week
was that from II. a. Wymond and the Glib
son sisters, daughters of Mrs. Tycie Glib
son. from whom they inherited their half
interest, Mr.. Wymond owning the other
half, the sale being the three-story building
on Washington street midway between the
alley running to Market street and Penn
Sylvania street. 1t has a frontage of 20
feet and a depth of 40 feet. The purchasers
are George 1andes and Harry Milllgdn, and
the cost $61, 1912. The lot on which the
building, stands was first owned by Thomas
NJ. Smith, who bought it in 1882 for $500. In
1852 he sold to William Hannaman for So
400 and the latter transferred 1T in 1913 after
q period of twenty-one years to Tycle Glib
son, deceased, Tor 10000 In tWenty-0ne
years the property enhanced in value to
more than double its cash value in 1873.
The building Is leased for one year so that
nothing has been decided I'm regard to i'm
provement or the construction of a mod
ern building. The negotiations were con-
Quoted by Gregory q Appel. The deeds
$4,000; Elnora Johnson nee Gibson, $17, 900;
ii. a. Wymond, guardian Miss Gibson, &c.
1922. This is the highest figure ever paid
for any Washington street property except
that where the Kahn Tailoring Company
is located, corner Washington and Merid-
ian streets, and sold by the Dunlop heirs
10 James Roberts. In early days this block
was known as 'the Beehive corner and
up to recent years was the leading dry
goods store, owned in the early CO.'S by John
Dunlop, whose heirs sold as stated above.
Catherine c. Fletcher decided to James
E. Roberts, of Indianapolis. and Herman
Munk, of Connersville, property on the
northwest corner of Delaware and Mich
igan streets at a consideration of $3.50 O
The land is eighty feet frontage on Mich
igan and 125 on Delaware street. 1t is
the purpose of the purchasers to build a
modern fiat building of three, four, five
and six rooms, q total Of twenty-fOur.
The construction will be of pressed brick,
fire proof in character, with stone finish
irgs and corners. There Will be four en-
frances, three on Delaware street and one
on Michigan, of Italian marble. The suites
will be fitted with china closets, side
boards, refrigerators, tile baths, steel
ranges, supplied with artificial gas. The
building will be heated by steam and
| lighted by electricity. The house which
now adorns the ground was built in 1861
by w. c. Smock at "A cost Of So, 1000 and on
plans furnished by Mr.. Boynton, an archi.
tect of Chicago. 1t was afterward the homo
OF Elijah Fletcher, whose widow has just
transferred the property. The new build
ing will cost 10000.
No better evidence of prosperity can be
~ =. a. 81 -. - ~ -.
OF the year. when the county auditor adj
vertises property for sale that has been
| n~lortgaged for loans from the common and
| congressional funds because payment has
been forfeited, that there is only one piece
of property advertised, when in preceding
years the number averaged from twenty
tC twenty-five. These loans are made under
the law on a basis of . per cent, and tha
county realizes a neat sum from this class
OF business.
The property owned by David Macy Pat
terson and sold to Henry NJ. Talbot is To-
Gated on Massachusetts avenue. just be-
low Michigan street on the site of the
old Patterson homestead. The ground has
a peculiar shape, having a frontage on
| Massachusetts avenue Of 400 feet. The
north line runs northwest forty-nine feet.
then extends due west twenty-nine feet.
men i'm a straight line south for folty-hve
feet, then in a line 15.4 due east, and then
takes a southeasterly turn Of twenty-six
feet TO Massachusetts avenue. The prop
erty IS assessed at $3.125 for ground aud
$4.325 for improvements, but cost Mr.. Tai
bott $4,000. Mr.. Talbot gave I'm trade his
cid house on the west side of Illinois
street. near Walnut. with a frontage o;
forty-twO feet and depth of 1876 feet. for
"A consideration of $500.
| Another sale of more than passing
importance was the transfer of seven lots
by John r. Ellis 70 the Enterprise Foun-
dry and Fence Company. The lots facing
Senate avenue, north of South street. have
a frontage of ninety-three feet and those
facing McGil street have a frontage OF
124 feet. The average per front foot was
S132.25, or $4,000.
Prunetta Mapes transferred to Loren ID.
Hays her house and lot on the west side
OF Broadway, between Nineteenth ana
twentieth streets, for the sum of $500.
Fred Moore sold TO Edgar L.. Crosse 4Giz
| acres in Wayne township for 300. This
| farm is one mile from Clermont. north Of
| Eagle creek. IL is the third transfer m
this townsip I'm the last month. showing a
| demand for productive farming land in
that section.
| Architect 7 g Thurtle has nrenared fho