The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-16
A new SKYSCRAPER
BROUGHTON AND BULL STREET
CORNER TO BE THE SITE.
JOHNSTON PROPERTY SOLD,
j. S. COLLINS THE PURCHASER FOR
ABOUT $4,000.

Lot Occupies Northwest Corner of
Bull and BroughtOn. Fronting 30
Feet on the Former ThOroughfare
and go Feet on the Latter-S1O in
Cash and the Assumption of Mort
Cages AggreEatinE $4,000 the
Consideration Office Building
Nine or Ten stories in Hight VIII
Be Ereeted-wOrk to BE Begun
First of Year-Purchaser Unawed
by Pending Litigation.
Savannah is to have another sky
scraper. The piece of property at the
northwest corner of Broughton and
Ball streets has been bought by Jacob
S. Collins and on this site Mr.. Col
Inns will shortly erect an office build
ing certainly eight stories In hight,
and probably more.
The property was bought by Mr..
Collins from Mrs. Lula f. Johnston of
San Antonio Tex. The deed was
signed by Mrs. Johnston, at her home
in Texas, several days ago, and yes
terday was filed for record in the Of
flee of the clerk of the Superior Court
The consideration for the property is
$40 in cash and the assumption by the
purchaser of the indebtedness now
outstanding against it. This indebted
ness is represented by two mortgage
deeds of trust. the first executed to
the United States Mortgage and Trust
Company, on May 4, 1901, which Sc
cures a loan of $4,000, and the second
to the Oglethorpe Savings and Trust
Company, on April 25, 1902, to secure a
loan of $4,000. The principal and in
terest of these loans the purchaser
agrees to pay.
As Skyscraper Site.
The property is known on the map
of the city as lot No. 6, Frederick
Tything, Derby ward. Situated on the
northwest corner of Broughton and
Bull streets, in the very heart of the
most desirable business section of the
CITY, it fronts sixty feet on Broughton
street and ninety feet on Bull street
The buildings now located on the lot
consist of three-story wooden struc-
ture on the corner of Bull and Brough-
ton, one-story building on Bull street
ana tWo-story building on the cor
ner or Bull street and Congress lane
The present tenants includesA S. Mich
OILS, boots and shoes; A. w. Masterson
cigars and tobacco; estate of E. NJ.
Connor, books and stationery; |. M.
SchWab, optician; William Estil news
depot; A. l.. Desbouillons, jewellery
and M Ed Wilson, Photographic
studio.
The deed to the pror 4rty transfers to
the purchasers, the bonds to
reconVey made to Mrs. john
Ston by tbs mortgages, the
United states Mortgage and Trust
Company and the Oglethorpe Savings
and Trust Company, to Mr.. Collins and
1lrects that when the mortgage in
uebtedness is paid by him the mort
Sagees shall convey to him the inter-
est they now hold.
building Handsome ms Any.
Mr.. Collins said yesterday that his
plans for the Improvement of the prop
erty had not been perfected. but that
generally they contemplated the erec-
uon OF handsome office building.
ground for which will be broken prob
ably about the first of the year.
AS to the style and other features
OF the building" said Mr.. Collins INV
ideas are still somewhat vague II is
no small matter with which | am deal
ing and you Will understand it re-
CURES time This, however you NAV
say Inc building will be as hand
some and las large as any now in Sa-
Vannah or any that it is proposed to
erect within any reasonable period of
time: 1t will certainly be eight stories
IN night. / think it will be more"
MI Collins said he has no partners
or associates in the enterprise. and
tnat the investment is his alone.
The suit now pending in the Citv
Court, in which W. E. Wimpy is seek.
ing TO enforce against Mrs. Johnston
an alleged contract of sale made Nv
her' does not seem greatly to have an
noyed Mr. Collins. In this suit Mr.
Wllnpy charges that Mrs. Johnston
sso eoo TO sell him the property for
$4,000 and he is seeking the enforce
ment of this cnntront ~