The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1911-10-16
BIG REALTY DEAL
rs ANNOUNCED
Continues from Page IL

W. G. Paxton became Interested In the
acreage just south of this property. He
purchased large amount of desirable I
property fronting on Holman street. |
and has sold number of two-acre
plots. Next spring he will erect a resi-
dence. on six acres of this property. |
that will cost not less than $4,000 |
Richard winkler and DR.. T. w. Ober-
lin have also purchased acre tracts.
One Deal starts Others.
Fred Humpfer then began to note the |
trend southwark and he sold two tracts. |
one of five acres to P. A. Parry and one |
of two acres to Frank Hammond. Dr. |
William D. Weis also sub-divided his |
| farm into two-acre plots and now has
the lots on the market 1t is expected
| that by next summer there will be
number of fine residences erected south
of the property OF the Hammond g.
Suburban Realty Co., all OF which indi-
Gates the tremendous trend In this d.
| rection of the people of Hammond, who
desire high grade residential property.
| The idea of developing this property
was conceived by Roscoe f. Woods,
who at once secured options on the lots
| and acres from the eight Zachau heirs.
and also from Father II. NJ. Plaster of
st. Joseph's church.
The plan met with the enthusiastic
| approval of number of the most re-
| sponsible business men of the city and
their financial support was enlisted.
| Within a short time enough stock in
the proposed company had been sub
seribed to make it an assured success.
Company Organized.
The new company was incorporated
last Friday by Attorney w. T. Hardy.
Following the Incorporation Roscoe f.
| Woods. Frank Hammond, Lincoln V.
Cravens. Jerry Brennan and Richard
| winkler were elected directors On
Saturday afternoon the directors met
and elected Roscoe F. Woods presi-
dent, l. V. Cravens vice president, and
Frank Hammond secretary treasurer
There are twenty stockholders.
Later on saturday afternoon the
zachau heirs appeared at the Hammond
Savings & Trust company and the deal
was closed II is not expected that the
lots will be put on the market until
next spring.
The laying out of this division
will change the entire map of the south
side of Hammond. Holman street will
be made 81 feet wide throughout the
quarter of mile of the length of the
property, Kenwood avenue will be ex-
tended all of the way through to Calu-
met avenue and will be made so feet
: | wide Zachau avenue will be so feet
wide and there are two north and
south streets and one other east and
west street which have not vet been
named, that will be SIS feet wide. Petit
Itions to the commits sioners for another
least and west street has been passed
y upon favorably. The road past the Wefs
tract is to be vacated.
]. To BE Restricted.
The property will all be sold unde'
!; certain restrictions. Not less than 81
& feet of frontage will be sold to any one
5, person. a building line will be estab
= lished and adhered to, no fats will bt
S. permitted and no house may be erected
in the subdivision that will cost les:
q than $4,000. according to the tentative
o plans of the promoters.
s.; The land In this sub division is 81
feet above the level of the river ant
a is the highest in the city. In some in
0: stances deep cuts will have to be mad
l. for the streets and this will make l
8, possible to have terraced lawns an'
s. will permit Of splendid handling by tn
s, landscape gardener. Part of the land !
@ covered by old orchard
The promoters of this project believ
that the time is now ripe for the open
p ing OF a new residential district tina
will be an improvement on Homework
Homewood is practically sold out and
: | rapidly being built up. The new sub
- division of the Hammond & Suburba
Il Realty company will be the next ste
!, southwark.
Much Interest shown.
- With what little publicity the projec
had been given up to the time the des
was closed there have been many in
ouiries for lots in the new property
The idea seems to be, go south an
=. get more land"
Incidentally with the straightenin
- of Holman street it will be extende
southwark to the Ridge road south {
the river and is expected to become tn
show street of the city. Its great widt
and its splendid pavement make II
beautiful thoroughfare
NJ Considering the location of the prov
RS, erty OF the Hammond e. Suburba
Is, Realty company. the fact that the be-
&c; ter residential district of Hammond hs
'c' always been confined to the territor
between the Monon tracks and the sta'
81 line. the fact that the property of tn
&c. company is to be sub-divided alon
ry exceedingly liberal lines and the grow
nj ing demand for property of this chara
sW ter 1t is expected that the new sui