The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1919-06-09
SIX BIC
DEALS ARE
CLOSED UP
Transfers May Reach Half Mil
lion Dollars Before the
Season Ends.

With six big real estate deals
closed within the last few weeks,
two more important ones pending
and several building projects prac-
tically closed Holman street prop
erty is on the threshold of boom,
the extent of which cannot now be
forecast.
Property transfers and new
buildings erected may be expected
to represent half a million dollars
before the season ends.
1T WASN'T so LONG AGO.
Time was. and well within the rec
election Of a middle aged man TOO.
when a man who had the temerity to
spend money on business property
south Of the Michigan Central railroad
was the subject for the pity Of Ham
mond people. He was throwing his
money away Later as the younger
and more aggressive business men
came into control OF things the tide
OF expansion of Hammonds business
ward.
In spite OF the jeers Of many others
these progressive men maintained their
attitude and continued hammering at
their campaign that II Hammond was
fo expand ri must be south. PractH-
cally everyone now realizes that they
were right and the unparalleled act
ivity in South Holman street property
bears out the prophecy which they
made years ago.
PAXTON BUYS 10 FEET.
W. G. Paxton. president OF the Pax
ton Lumber Co and the Hammond Saw
ing's & Trust Co. has just purchased
the Douglas property with forty feet
frontage just south Of the Straube
building and also sixty feet Of the
schrum property adjoining 1t. one Of
the rooms now being occupied by the
Bauwen Auto Sales Co. Prospects for
new building there are good and
Hammond Seoplel will welcome the
news that several old eyesores will
disappear in the shape OF the insight
" frame buildings now occupying part
OF the tract.
Or. Emanuel Pillischer has closed
deal for the Eder building just south
OF the Central school property. The
reported consideration IN this transac
ton was s45.o00.
The southeast corner OF Douglas and
Holman streets. known as the sum
ners property has been purchased by
Frank G. Betz This frame building.
.or years occupied by the Max & Leo.
saloon now houses the Prest-O-Lite
battery station. The cons ideration in
his deal was said to be $4,000.
1UCoMB PROPERTY SOLD.
On the opposite side OF Holman st.
md adjoining his pharmacy. DR.. r. o.
md adjoining his pharmacy. DR.. r. o.
property DR.. Ostrowski early realized
the future growth of Hammond south
and demonstrated hts faith IN a prac-
teal manner by the erection OF the
fine building which his store now oc-
lupies at Douglas and Holman SITS
On the west side Of Holman St. be-
Sween Douglas and Clinton streets is
another string OF frame buildings pro-
Eress has doomed. John Schmueser has
acquired fifty feet of the Ben Bell
property and another substantial bus
.ness block may be expected there
soon Just south of this on the cor
ner, tho new garage for II. Thiel IS
being pushed to completion. Leo Wolf
is putting up this building.
TWO OTHER DEALS PENDING.
Two other deals which may be Of
even greater Importance than any OF
these are expected to be closed at any
tim The Central school property is
TO be sold as It is considered imprac-
teal as location for school and
must be sold before real estate values
reach such a figure as to put il out of
Dorg glas streets Is now about s40o per
front foot. according to the latest
transfers II Is known that interests
are seeking to purchase the Central
school land for the erection OF a big
theater. while another theater deal cen
ters about the KIeihege property Just
n ,rth OF The Lion Store furniture de-
partment Both will involve vast
sums Of money
With the removal OF the Harmon
Savings &, Trust CO. to the Hammond
building. Robert Jennings. who former
ly operated an ice cream parlor and
confectionery on Sibley street. is fit
ting out the old bank room with equip
ment for a new refreshment store
The bank move necessitated switching
the Liberal Credit store two doors
north Of Its old stand. while Jack Fox
managed 10 drop into the property at
the northeast corner of State and
Holman streets.