The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1908-12-03
MANY BUSINESSES
AFFECTED BY DEAL
Young Business Man Secures Five
Year Lease of Arkin Jewelry Store
-Sublets First National Bank
Property, Releases Present Loca-
ton to Brahos Bros. in Addition.

VIII c. Nee has engineered and COM
pIeted n real estate deal whereby ne
comes into possession of the Ben Hayes
property, which has a twenty-five foot
frontage on West state street and ex-
tends back 1877 feet, adjoining the Hoh-
man property. The purchase price was
$4,000, or S400 front foot. This is
the highest figure ever paid In HAM
mond for twenty-five foot property and
is a decidedly new standard for Hoh-
man street property.
Local real estate dealers believe the
investment is good one and that
while this Is a top notch price for
twenty five feet at present. 1t is with
in reason as compared with prices ask
ed for other property in the business
district, especially on Holman street
While the investment is all right as
its stands. it will be materially en-
hanced by the combination that VIII
Nee has planned.
Has Leased Arkin Store.
In addition to purchasing the prop
erty outrigh he has also secured a
f1ve-year lease on the Arkin jewelry
store located in the Holman building.
This store has a twenty five foot
frontage and will be fitted up for a
haberdashery and. cigar and book store.
In this way the proprietors of the
National haberdashery, now situated
in the First National bank building,
and Mee's cigar and book store, located
in the Heinz building, will be concen-
trated in one building.
The further plans of Mr.. Nee include
a new building to occupy the site he
has purchased This building will be
1 rr-fIf 90
| in the neighborhood of 5000 It will
be arranged for bowling alley pur-
poses in connection with a billiard and
poll hall. This building will stand in
dependent of the building already on
the property and now occupied by Carl
Schumacher as a saloon. The saloon
extends back eighty feet. this leaving
| eighty feet for the new build
ing.
VIII Have Three Entrances.
The plans include an entrance to
this building directly from the Hoh-
man street store. 1t may, however, be
reached also by an alley either between
RufT's and Brennan's places or from q
State street passage-way. The alleys
will be paved and properly lighted.
Work on the new building will begir
at once 1t is Mr. Mee's intention tc
occupy the Arkin store by Feb. !, hi!
agreement being with Arkin that tbs
latter vacate after the holidays.
/ The front of the store will be re
modelled, on the line of the Mode
Clothing store. The lease that VIII
Nee and Roscoe Hemstock hold on th'
rooms in the First National Banl
building will be sublet and the poo
room there abandoned Brahos broth
ers have already acquired the unex
pired lease to the Nee store in TIL
Heinz building and will enlarge TIL
Palace of Sweets. Charles Arkin will
remove his stock to his West Stat
/ street store which he built recently.
Friends VIII Move Along.
Friends of Billy" Nee are con
, graduating him upon the deal In tn
. absence of a suitable place where tn
) young men of Hammond could get To
, gether for a social hour, his place ha
! been the only shelter for them and til
boys are always with Billy"