The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-13
CITY'S GROWTH NORTH
WEALTHY MEN BUYING Residence
PROPERTY THERE.
Land Beyond Fall Creek Is Rapidly
increasing In EaIue-Pres-
emit Tendency.

9TH rapidity with which the city is be-
ing extended beyond Fall creek" remarked
a prominent real-estate man, lis one Of
the most interesting features Of the boom
hat is being enjoyed by Indianapolis.
About fifteen years ago the ground in
the lower part of North Meridian street
and extending over to Central avenue was
unstable. 1t belonged to the Schurmann
heirs. and was a white elephant on their
hands. Judge Martindale bought the
greater part Of it and some Of it was sold
to other men and lots were laid out and
streets improved. A high embankment
was erected to prevent the water from
flowing out of Fall creek on to the ground,
and later the city a another embank-
ment further out.
the present time that property is
almost entirely built up and the city is
moving steadily northward. This extension
of the city has been materially aided or
rather stimulated by the erection of the
two new bridges over the creek. The land
of which 1 am speaking has increased in
value from SO a front foot TO sos a front
foot clear out as far as Thirty-eighth
street. which means to Mapleton, or to the
north line of Center township. Proper
ld IA III AAGNO UGH 49,
in all streets from Capitol avenue to Cen
trail avenue.
THE most substantial citizens in Indian
apolis have made investments in that part
Of the city, usually buying acre lots, out
as far as Forty-fourth street, which is the
street that runs south of Meridian Heights.
Some OF these men are V. L. Malott,
George B. Yandes Dr.. Joseph Eastman,
Charles Hahn. Medford B.. Wilson, Andrew
W. Sweeney, Bernard Kaufman and the
Osgood estate.
WEALTHY E BUYIN HOMES.
"Quite a number of wealthy men have
bought ground on Meridian street north
of Fall creek with the intention of erect
ing handsome homes in the near future.
Among these are Louis Levy, William
Brown. Alvin Lockard, Burton E. Per-
rott, Henry Russo and Hugh H. Hanna.
The general belief Is that in ten years
from this time that part OF the city
will be the location Of the homes Of the
most prominent and best business men in
Indianapolis and that 1t will be entirely
changed from its present appearance. as
II will be laid out in large and beautiful
residence sites.
This habit of building fine houses a con-
siderable distance from the business heart
OF the city prevails in other places. For
Instance, in the formation of the new part
or P~ittsburg, the wealthy citizens went
out ten to fifteen miles and built their
homes on large tracts, with nc streets
running through except straight streets
for the street cars and driveways through
the grounds. This is regarded as one OF
the most beautiful residence districts in
the city and the homes are thoroughly
modern and very handsome. This will. in
my opinion, ! e true of Indianapolis and it's
fine residence district Of the future will
be north OF Fail creek. One reason for
my belief is that there are no railroads
for people TO cross in that part of the city,
the ground is high and healthy and the
streets run straight down to the heart Of
the city, forming beautiful drives. In adj
dition, the electric lines will undoubtedly
be extended on Illinois street and Central
avenue TO include this territory, and in
the near future new stone bridges will be
built over Fall creek, opening up Delaware
and Pennsylvania streets.
The growth Of the city in the direction
l have indicated has resulted in such farm
ers as Mr.. Tout, Allen Myers, William
Schofield and others. who nave wisely
held on to their property in this part of
the city. becoming rich"