Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-14
Real Estate and
Construction News

Frank Adair and Forrest Adair, Jr.,
sold today to o. H. Jones 23.s feet
frontage of the old Bon Air hotel prop
erty, west side of Peachtree street just
south of Alexander street, for S27.500.
| Ihls lot also fronts 23.9 feet on Alex
ander street, running through from
Peachtree. 1t is vacant, and the pur-
chase was for speculation. The front
foot rate was little more than S1,150.
The old Bon Air property was sold
some time ago by L. ]. Daniel and John
Zuber to the Realty Investments, and
the latter corporation subdivided it.
George T. Rowland, Of New York, and
K. 5. Peale, of the same place, own the
other parcels. The property is just
north of the old home lot of Judge Chas.
5. kingsbery, where stores are now
located, and directly across from the
Peachtree Inn.
Robert Gregg has sold through the
Forrest & George Adair agency a resi-
dence lot on the east side of East Lake
road near the Atlanta Athletic club, to
Grover c. Middlebrooks and Mrs. c. B.
Brown, for $500. This lot is 42S by
300 feet. Several large lots have sold
in this section during the past few
weeks
Wholesale District Planned.
Quiet plans for the development on
an extensive scale of the entire section
of the city south of the Whitehall street
viaduct are well under way and some
big announcements are to be made as
soon as the plans are a little further
along. Two Of the improvements which
will help make the south side a whole
sale district are the regarding and re-
paving of Whitehall street from Mitch
ell to Fair and the construction of a
concrete viaduCt over the railroad
tracks leading into Park street, West
End. There is also some extensive rail-
road development planned, details OF
which will be given out later
The developments under way will
have a strong influence in the way of
making all the south side more or less
Of a wholesale neighborhood, with bust
ness houses of that character situated
either on numerous lines of railway or
between two of the largest terminals in
the South, the Terminal and the Union
stations The tendency will be for the
retail stores to move north across the
viaduct, although 1t may take years,
and leave Whitehall, Garnett, South
Pryor, Mitchell South Forsyth, Hunter
and Peters streets, Trinity and Madison
avenues and other thoroughfares al
most exclusively for the wholesale and
manufacturing business of the city.
This is the opinion of prominent real
estate men who have watched closely
the trend of the times. With the pos
sible exception Of three-b block
stretch of Whitehall street, this sec
ton is going to pass through this rev.
olutionary process. Some of the de-
partment stores and other retail es-
Establishments have long time leases on
Whitehall and will be slow to move
across the viaduct Many Of these
have made extensive Improvements of
late. But the land prophets declare
that it is only a question of time be-
fore it will be unnecessary for shop
pers to go across the viaduct for the
small articles that they have to buy
Another influence which lies suspended
is the prospective plan Of Asa G. Can
dler for the improvement of his Peach
treet property at Ellis street.
Mr.. Gambler has the opportunity OF
his lifetime with his improvements
declared a well known real estate man
and public official today. with a big
department store and community OF
buildings on his properties, he could
turn the entire procession OF retail
business in the city Establishments
will cluster around the Gambler build
ings like the spokes in a wheel around
the hub"
Parcels on Whitehall street are now
held as high as $4,000 front foot.
but on lower Whitehall the wholesale
stores are buying at $500 and $500 a
foot
A committee Of business men is
working on a plan for the viaduct men,
toned above. This Improvement would
serve West End, Fort Mcpherson.
Hapeville, College Park. and all sec
tions to the south, as well as pedes-
trians and the local street car COM
pany.
Real estate activity has already
started in earnest on lower Whitehall.
The DunsOn & Gay agency has sold the
triangular point at the intersection of
Whitehall and Forsyth streets to Otis
& Holiday. for Peter Brown, for sum
which has been withheld. Substantial
Improvements are said to be contem-
plated