Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-24
Comment on TRADING Center.

the opening gun has been fired in
tne local idll real estate trading in
'ne conveyance Of No. 52S Peachtree
street from Jonathan r. Frost In
charles p. Byrd, and real estate deal
ers are predicting that from nov
through spring the market will be
unusually brisk. That they believe
inns genuinely is evidenced by the
Jump in the volume Of real estate
advertising, both daily and Sunday, of
me past two weeks. Signs hung out
Tor prospective buyers. land dealers
believe. Will bring splendid results.
FOR some time there has been much
speculation as to where the trading
centers VIII be. Trading in the past
SIX months has not been confined TO
one locality more than to any other.
Deals involving residence property
ana lots however, have been heavy
enough to make up for the temporary
quiet or central and semi-central
parcels
Now there are several indications
which point to several directions
which trading will take out White
hall street there will be some inter
esting transfers due to regarding of
that thoroughfare, and the same is
true of Ivy and West Peachtree
streets. The exodus of wholesale
whitehall street in particular will
cause activity in lots of medium
price.
The Walker street indus trial de-
vclopment, located as it is in a stones
throw of the Terminal Station and the
headquarters Of the Southern Rail
way, will greatly stimulate trade from
that point through Madison avenue.
West Mitchell and other streets. The
proposed erection of a concrete via
duct from Spring street or Cone
street southwark over the railroad
tracks toward the Terminal Station
VIII cause a good deal of attention to
be turned to the sections affected.
Activity around the postoffice will
continue.
Promised and expected railroad de-
velOpmentS in the shape of passenger
and freight terminals and spur tracks
on the west side of the city will give
added life to Marietta. Walton, Spring.
Cone, James Fairlie, Poplar, Williams,
Luckie and other streets. Improve
ments due to come on Spring and
Williams streets in the direction of
extending these thOroughfares to
BrookWood will cause activity all
along the line
Another influence that will stimu-
late real estate values on the west
Slde is the promised extension of the
retail district from the closely re-
striCted zone in which retail business
has been forced to exist. Most Of the
radiating streets on the west side
come into Peachtree at somewhat of
an angle-the curve IS sufficient to
give a look into PeaChtree that is i'm
possible at right angles, and pioneers
venture forth from the beaten paths
more readily.
An influence which will draw a cor
responding volume OF retail estab-
liShments eastward and especially
along EdgewoOd avenue lies in the eX-
tenSive plans of joel Hurt for a COM
munitv Of buildings with the Hurt
Building as a center. The ease with
which PeaChtree can be reached
through Ivy street will also add to
this trend.
As for PeaChtree. the usual brisk
tail trading is expected to continue.
This is the line of least resistance
which the retail district of the city
has been following, and as each block
is built up with stores and garages,
the property values beyond rise ac-
cordingiy. Last years speculations on
certain Peachtree lots are expected
to give way this year or early in 1914
to plans for many substantial build
ings. II has been the history of most
well-known parcels that after half a
dozen profits have been made on them
a building goes up, if not earlier