Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-17

! i'm the near future the Improvement Of
+ his extensive frontage on the west side
/ Of Peachtree. north of Ellis street. i
/ have absolutely no plans. except that l
. don't intend Jo do anything for quite
/ while declared Air Gambler. 1t may
/ be a year or TWO before things are in
/ the proper shape for building
4 umOr that Mr. Gambler had plIr-
/ chased the First Congregational church
| property on the northeast corner Of FL
7 lis street and Carnegie way, was en-
/ phatically denied BIZ Mt Gambler, as
! well as the report that he some time
/ ago took an option. Il haven't tried
/ TO get it and don't want it," asserted
/ Mr. Gambler In fact, / think I have
/ enough land now 10 do all / may want
/ 10 do in future"
! Gimbel Brothers have not approach
4 ed him about a department store. de-
/ ciared Mr.. Gambler and Mr. Woolworth.
] builder Of the highest office building in
4 New York city. hasn't been trying to
| erect an office building next to the gov
| ernor's mansion
Mr. Woolworth Is like a great many
I other people said Mr.. Gambler He
has about enough investments. He has
more money i'm his building than he is
/ ever apt tb get ont Of IT,"
\ rumor that Mr.. Gambler had taken
! over the English home at Peachtree and
o
ments was denied by Forrest Adair.
Mr.. Gambler Is losing enough in inter
est each year 90 pay the salary Of the
president of the United States, yet he
| is in no hurry to proceed.
Some Big Sales.
Announcement of sales during the
past week, aggregating nearly $4,000
was made today by the William A. Yer
noy Real Estate Agency. This agency
sold an undivided half interest in the
tWo-Story brick building at the south
cast corner of Houston street and Pied
mont avenue and two adjoining lots on
Piedmont avenue, for l.. G. Butler Of
Morrow, Ga, to the Phoenix Invest
ment Company for 81. 800; for Mrs
Esther Pierce to John j. Eagan. trus-
tee, "a lot 29SN420 feet on the Gordon
read. for $500 the r. a. Donehoo
place Of a6 acres in AdamsyilIe district
| 10 j. &. Hutchins, for $3.50. the old
Baptist Tabernacle property, southwest
corner Of Iuckie street and Tabernacle
place, FOR Pete Poolos and j. s. Watson,
10 ). ~. Whisenant, for 1872 500; for ]
| {. Hutchins to client, No PIP Waldo
street, one-stOry frame house, for So
100 cash; No. IS Lee street West End
one-story frame house, for John l. Grist
to client, for $1,000. No As Rogers
street, oEc-story frame to L. G. But
80 80 We " DS iNLltt. IOI hE.gUO, NO,
90 Dlli avenue, one story frame. for
same to same for 81 500; No. no May
son avenue, Kirkwood. one story frame.
| Tor same 10 same, for $4,000: 20 Lake
avenue. one-story frame, for same to
| same, for $2,250; and. through Y I
Lochridge for G. D. Gam TO J. H.
Whisenant, 50Xi65-foot lot on Ward
avenue near Highland avenue, for $3.50
To Be Subdivided.
The Baptist Tabernacle property is to
! be subdivided into eight lots bv Mr.
Whisenant and put on the market. This
VIII necessitate the demolition of the
old church. The lot is IO4 feet on
Luckie street and l49 feet on Taber-
nacle place. Mr.. Whisenant refused a
profit OF S2,5OO on it
Or u. G. Jones has bought through
/ W. r thurman, of the Truman. Black &
| calhoun agency from A. S. Harris Of
/ Macon. a lot 10Ox420 feet on the wesf
| side Of Springdale road, near Ponce De-
/ Leon, and VIII erect a handsome home
| on II, The price was $10,25O, or a little
| over 500 a front foot
Lowry Porter has sold through
| George Ware, Of the Ware & Harper
agency, bungalow at 631 North Jack
! son street. to a client for $3.50.
Empire withdrawn.
| The Empire Life building. situated
/ on the triangle at the intersection of
Peachtree and North Broad streets. has
| been withdrawn from the market 1t
/ was announced some months ago. when
/ the company had perfected plans for
| moving its home offices to Augusta, that
/ the building would be offered for sale.
/ Several ilattering offers were made the
| management, one for $500 900, 1t is said.
| but the company has decided to keep
! the property indefinitely for enhance
ment. The president, w. W. Reid made
! this announcement today
| The Empire Life building was bought
| for approximately $780, 900 and is said
| to be worth now about double that
/ amount.
Record Year Indicated.
! Although about $4,000. 900 OF bust
ness done in 1912 by Atlanta real estate
! dealers set a record in sales. figures
| thus far I'm 1918 indicate that that mark
/ viii be left far behind when December
| 81 has arrived. One agency which did
/ last year something more than $1,000
/ 600 worth has already in the first two
! months of the new year put S1,526,116
on its books, and at this rate would
write down over SO 900. 900, nearly three
| times what it did last year, and il the
/ other realty men increased their volume
ot business in proportion, the total
/ business done would be between 500
100000 and S75,OOO.000. The other agen-
NlFS. however. Will not De aOle 10 Keep
up the average, - is believed.
| II was estimated some time ago by a
real estate man who makes about SEQ
GOO a year out Of commissions that the
agencies did an annual business of
$12,000,000 to S14,00O0oO Estimates of
/ individuals OF agencies place the total
at $lS,000.000 to S25,0O0,00O. which is
considered the maximum by the con-
sentative prophets.
Figures for January and February Of
all the real estate dealers are not avail
able, but the Forrest & George Adair
agency has reported 63 sales aggregat-
ing $I526.116. This is an average OF
$24.224 per sale
Few Vacant Stores.
y canvass OF Peachtree street from
I the Aragon hotel at the southeast cor
ner of PsaChtree and Ellis streets 10
Eleventh street shows that out of near
" 100 garage and store establishments
only eleven are vacant. The vacancies
exist almost entirely In the new build
inss which are being held for acceptable
| tenants. Garages erected have cost
about 100000. and stores. which are