Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
Dispose Of Downtown Parcels at
Good Profit and Build
Farther Out,
SOME RECENT EXAMPLES
First Presbyterian Has $4,000
Assets, and EreCts $4,000
Edifice-SurpIus in Hand,

Local churches are reapns "a gol-
4 den harvest OF dollars In the en-
. hancement that IS coming TO their
{ property through the steady advance
. ~ business. Formerly the churches
: found It a problem TO raise among
I, the congregations enough money TO
4 build edinces OF any kind. Now
= this problem Of hy-gone days has
+ been solved in large measure by sell
(, itg or close-in property at the pre-
" willing market price and moving
Fl farther out into the residential dis
Y ttIcts.
Il "a number Of instances have occur
II reG I'm which societies whose religi-
II ohs homes were In what IS now the
\ heart Of the business section have
sod their lots tor sums sufficiently
flarge 10 enable them TO buy larger
Z parcels and erect moro commodious
K churches. without "A penny of indeht-
lbeaness. In fact q few churches have
\. marked up considerable sums on the
!. ctrdit size Of the ledger after de
ihdhcting incidental expenses and
'NCtlntiug I'm a. house of worship iniin-
'ihttly superior 10 the old
III frhe First Presbyterian church Is
ia fair example. Located on the
south side Of Marietta Street between
sfNrth Forsyth and Spring Streets.
.l3tfis In "A position 10 sell its Marietta
.iEtrcct frontage around $lAo.ooo. or.
bad the rate of 1000 front foot.
t1his lot was given the church many
Hk ban ago bv the late William Lowry.
4f#hyr uf Col Robert J Lowry, and
.bt the late W. A. Moore. and Gen
4 A8stoll donated $1,000 toward the
QbuldInE on condition that the bell
3bk LEFT off The church paid only
H. cough for the lot To make the trans
nf4f legal
III kAlong pame business and made
lthtf riCtta street property highly dCsi
1FAblc. The Brown Randolph Build
'hur the Third National Bank and
FNnpire Buildings Went up East of
ID church property and then the
tfkconheld and Silvcy Buildings, the
tHEphcum Thcatcr and other substan-
tAEl structures 10 the West OF it, III
kkB lly the Churchmon decided that
Akhe commercial atmosphere was too
HTpuCh, and they bought lot AT the
flkrthwes, corner of Peachtrcc and
klH fifteenth Streets, where they will
kWHuu break ground FOR their new
F.fsO0.000 church and their $4,000
ltnanse
1stThe lot on Peachtree Is about COOK
llftl feet and ~ cost approximately
flkA7000. The total investment there
ilfHre. VIII be $4,000. Although the
llfAarietta Street frontage OF about
tIlt feet Is not yet sold, the Presby-
itkrians are holding Il for what they
lHbnsider its value. and will go ahead
INV III their new church whether the
i1et Is sold or not
II Paying less than $4,000 for their
Han shaped lot al the northeast cor
HER Of Peachtrec and Fifteenth
lIEtreets, entrance to Ansley Park, the
Ikhristian Scientists have refused
Ih350OO and could doubtless get much
lhnpe They sold their Baker street
WhtrCh az a considerable profit and
kr4 now erecting "A church TO cost.
.ahS5 600
Nv The First Methodist Church for
kFnerly located on the site of the Cand-
MCr Building, bought its lot years
lh so for "a song. and finally sold 10
Asa g. Gambler for "A figure around
Ia 600 a front foot. and moved away
mo the northwest corner Of Peach
|Hree and Porter Place II the Caud-
Der Building property could be
bought now. it would bring about
$4,000 a front foot. and the church
. fractures iu Atlanta. made OF Geor-
gia granite
& Examples of other churches which
Shave prospered iu business are St
1.ules, On PeaChtrcc az the foot of
Alexander Street. ST. Marks az tho
southeast corner of Pcachtrce and
Fifth Streets. the Sacred Heart
Church az Ivy and PeaChtree. All
Saints al the northwest corner Of
H.a
ishe North Avenue Presbyterian at
lzhe southeast corner OF Pe8Chtree
land North Avenue. the First Baptist
tGhrCh AT the southeast corner of
lPeachtree and Cain Streets. the
thirst congregational northeast corner
lpf Ellis Street and Carnegie Way.
lane Unitarian Church. which has
lFust bought on West Peachtrce be
ltwten kimbau and Third Streets and
Trinity az the southwest corner Of
Washington Street ana Trinity Ave
lnut.
III 4 church usually buys low and al
ways sells high. on account u tile
lprominencc OF it's members. A few
ipf the churches consider that their
IBraatest influence can be eNerted
IElofe 10 the center of town. and for
ftlis reason they cling 90 close-in par
ltels
II Local churches built several years
lHgQ are worth much more to-day. be-
icause Of the advance in building ma
iferials The Atlanta Tabernacle is
ttle most expensive church in the
lcty having been built az a cost Of
1870 900. Next is the First Baptist.
Ia $4,000. Wesley Memorial cost
BIS 600. 81 LuheS. So GOO. the
tifi1st Methodist. SIS COO. Trinity.
ls65u0u. All Saints. $4,000 The
MARKS $4,000. the First Christian
Church. on South Pryor. $4,000 and
tie Jewish Temple also on South
Pryor SG3.000