Norwich bulletin., 1913-02-06
|WEsTE THREE STORY
 BLOCK TO BE REMoDELEp.
Max Novigrosky Plans Extensive chanass-Ersctins Twelve Two Tenement Houses in Park Place.
Especial to The Bulletin.)

Westerly, Feb. 5--Max Noyigroslky. owner of the three-story brick buiId- ing in West Broad street, occupied as a store on the first floor with an office and tenements in the second and third stories, is to enlarge and re- model the building into business block, with a theatre building in addi- ton. The present oper space between the Noyigrosky ana isaxitt buildings and owned by Noyig1xfssy will be butt upon and all the front s-l21 nearly all the rest of the property witi 5e covered by the enlarged building. The prop erty has a frontage cf hfty-nve feet on West Broad street and is about two hundred feet in destn. Mir. Nasi- grosky has owned the property fer five years and the rentals barely paid the interest on the money invested and the other expenses and was there for an unprofitable investment Now he proposes to make the property bring him some revenues, saying T am not acquainted with Steve Brodie, but I have heard 1t said that Steve took 3. chance and was successful and now I'm going to do likewise. I have faith in the industrial growth of this sec tion and I expect to get good interest on the money I'm going to invest in this practically new building.
 Developing Park Place.
 Charles P. Ecclestone recently pur- chased that section of property in Westerly sometimes called Park place and has extended Spruce street from Park avenue through to Dixon street He has laid out street of legal width, graded same and it has been accepted by the town. It is destined to be one of the best laid out thofoughfares in the town as MT. Eeclestone has been generous in the matter of property for the public use, which at the same time has enhanced the value of his proper ty. He has plans for the erection of twelve high grade two tenement houses, three of which have alredy been built others in course of construction and others to be started with the least possible delay. MT. Ecclestone is a building contractor as well as investor in real estate and claims he has the advantage of erecting the houses at first cost to himself and therefore reaps better profit than if he had the houses built by other builders. Just at the present time he has a large force of his men at work at Bradford constructing seven double tenement houses for the Bradford DyeinS association. and just as soon as that is finished his entire force will rush the work on the buildings in the Spruce street extension,
 The greater part of this property was formerly owned by Rev. Edwin w. Babcock and some years ago he offered the place to the town of West S4At A9z u b0GlAE RzAEkAy AASAANS bAAC nsIsae Park Place. There was a string to the offer which carried with it the exemption of taxation of all other property tE the town owned by the reverend gentleman. The generous offer was not accepted.
 Rev. MT. Babcock was the former owner of the property in Broad street between the Episcopal church and upon which was located the Babcock homestead. Several years ago he gave this property to the church with the agreement that he and his wife were to receive annuity of $500 as long as they lived. When the town desired to acquire a part of this property as the site for the new tewn hall the transfer was agreeable to the church society as the string tied gift was not the source of much profit. The trans fer was also agreeable to the Rev. Mir Babcoek. who very generously transferred his interest in the prop erty of the $500 annuity basis. with the added pFoviso that the house should not be sold to be moved to another location, but must be completely razed.
 With the exception of the small story and 8 half building that stood at the corner of Union and Broad streets, MT. Babcocsk owned the rest of the property upon which the new uated. Before the place was selected for the site there were plans to cut down Union street and there wes difficulty in arranging for the change with MT. Rabcock but this was all obvtated when the property was pur- chased through a third party for the town of Westerly. It is expected that the new structure will be formally dedicated in the early spring.