The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-22
Real Estate Conditions;
Board of Trade Building Plans

The new Board OF Trade building. to cost
corner OF Capitol and Kentucky avenues
and Maryland street. instead of on the pres
ent site of the old building at the southeast
corner.
Negotiations for the purchase of the
Board OF Trade building by st. Johns
Academy are in progress. The property IS
held for $4,000. II the Catholic institution
take the Old building and site of the
Board OF Trades hands then the new build
ing will be built across the street.
st. Johns Academy. which is located just
east OF the Board OF Trade. owns all the
quarter block in which the Board of Trade
Is located. save the Board of Trades prop
erty. The institution Is ayerse to having q
tall business building constructed at the
side Of its building and has made PROPOSE
ton to the Board OF Trade looking to the
purchase OF this property.
Albert Metzger, acting for the Board Of
Trade. has secured options on the two lots
at the northwest corner Of Capitol ano
Kentucky avenues and Maryland street,
and If the st. Johns Academy buys the
old property the new building Will De QUILT
on the opposite corner
The two lots at the northwest corner OF
Capitol and Kentucky avenues and Mary
land street on which the Board or Trade
has options are owned by Jacob {. Yuncker
and G. Monninger.
Albert Metzger says the majority of the
members OF the Board Of Trade who are
taking an active interest in the new build
ing project favor selling the old property
and putting the building up on the oppo-
site corner II the new building ,,i Is erected
advantages OF location over new building
on the present site.
Within the next five years the district
lying southwest Of the corner OF Washing
ton and Illinois streets will be converted
into a wholesale district, which in time will
rival in popularity the wholesale district OF
South Meridian street between Washington
and South streets. according to leading
real-estate men.
The era Of building operations which will
convert the Kentucky avenue and Mary
land-street district into wholesale district
will begin next spring. Buildings to cost
from s75o 600 to 100000 VIII be built on Mary
land street within a few blocks OF the inter
section Of Illinois and Washington streets
nsas ysa5 by the seSn Gap sIe
grocers. Joseph Gardner. the tin and iron
manufacturer, and by Charles {. Perry.
president of the Board of Trade.
The Van Camp Hardware and Iron COM
pany will put UP building to cost 100000
or nearly that amount. at the southwest
corner OF Maryland and Missouri streets
Schnull & Co.'S new building will be To-
Gated at the southeast corner of Maryland
and Missouri streets. The Gardner building
will be located on the north side of Mary
land street, between Senate and Capitol
avenues. Mr.. Perry will build large build
ing on Kentucky avenue, running through
to Maryland street, in the block just south
OF Washington street. The building will be
occupied by a theater The construction OF
ell OF these buildings will be begun early
next spring.
Within the last six months property ir
the district southwest OF the Claypool Ho
tel, and intersected by Maryland street and
Kentucky avenue, has advanced 25 per cent
In value according to prominent real-estatt
brokers'
This district is bound to become a popu
lar building place for wholesale merchants
said prominent real-estate man yesterday
",rhe buildings to be put up on Maryland
street next year by the Van Camp Hard
ware and Iron Company, Schnull & Co.
Joseph Gardner and Charles C.. Perry VII
be the beginning Of building era which