Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-09
BOTTENF IELDTO
DEVELOP SILVER
LAKE PROPERTY
Beauty Spot Will Be Turned Into
High-CIass Residence District
With IA Miles Of Streets.

snver Lake IS to be developed at
once into hlgh-clasP residence COM
munity by L. P Bottenheld.
A company. the silver Lake Els
tates." which also viii 5e the name
Of the park and community, VIII be
organized with 100000 capital just
az soon as the legal formaliues Of
securing a charter can be complied
with. for the purpose Of buying, de-
veIoping and placing on the market
The Silver Lake property.
This development - to include not
only water, sewers, transportat on.
gas, electricity. telephones and every
essential home convenience, but con-
templates also the building NJ a big
tourist hotel and A yacht club and
casino on the lake
Near Brookhaven Club.
Silver Lake lies in q basin from
which arise beautifully wooded hills.
lust OF Peachtree Road and but
short distance beyond the entrance
10 the Brookhsven club now part
of the Capital City Club.
II IL reached by an SO-foot bouie-
ward parked and cherted from the
Peachtree road entrance and running
1000 feet to an eminence overlooking
the lake, which has been set apart az
a site for a summer and winter
tourist hotel, from which can be seen
Kennesaw and the Blue Ridge TO the
north and Stone Mountain to the
south.
Around the lake are four miles OF
residence frontage, while the total
frontage throughout the park tract
H.
Gently completed 1l3, 500 feet. From
this must be deducted about $4,000
feet Of frontage, and so acres Of
parks. This leaves net residence
frontage OF 1880 feet
Fourteen Miles Of Streets
The seven miles OF streets already
constructed will be improved and
paved wherever needed Approx
mately an additional seven miles Of
streets viii be graded and cherted
these will be from 30 to so feet in
width. and with the four mile lake
drive viii form one Of the special at
fractions of the park.
Modern and up 10 date water and
sewer systems viii be installed, the
water furnished from artesian wells,
while sewage disposal plant win be
constructed below the lake
Silver Lake Estates win assure
adequate transportation service and
gas, electricity. telephone and tele-
graph viii be brought to the doors OF
its residents, public school sites Will
be set apart, and a public school will
There Will be no stores except In
The specially set apart market sec
ton no negro will be allowed TO
own property anywhere near Il.
Plans for the establishment Of tho
aew OFlethorpe University. p revival
OF the OgiSthorpe University OF
ante bellum days. upon an s0-scra
tract Immediately adjoining Silver
Lake Estates win be brought to
head this month This Is projected
20 be a 50 600. coo Institution.
Land Dividend Features.
Mr. Bottenfteld's plan coDtemplates
the ultimate sale or the entire prop
erty AT an average of S25 to $50 per
front foot, or a total Of more than
$4,000 600 an Atlanta real estate
transaction which he considers will
bring the stockholders when tho
property is sold i've times the amount
Of their investment or profit OF 400
per cent.
An entirely new feature Of the plan
as proposed is TO declare land divi-
dend soon after the organization OF
the company which will give each
stakeholder lot IN silver Lake Es-
tstes at the appraised selling value
Of the property. equal to his stock
subscription, in addition 10 which he
retains his stock and interest in all
profits from future sales OF the prop
erty.