The Bridgeport times and evening farmer., 1921-07-02
Discloses
 Plans For
 air Acres

Frank E. LaIley, who recently com pleted the largest realty purchase re- corded in this section Tor many years past, and who thus far has given no details concerning his purchase to the press or public, today issued the toI- lowing statement:
 .-The property I have just pur- chased from the estate of S. II, Wheeler consists of more than 100 acres extending from the Post Road just over the Bridgeport line, right through to Fairfield Beach,
 PenfieId Road, which is the main road to Fairfield Beach, runs through the center of the tract
 The land is a part of the estate or s. H. Wheeler who has held 1t for the past twenty years The Wheeler residence on the property, however, has been retained by the estate.
 You cannot say too much about Fair Acres, as have named it, for It is beyond any possibility of doubt the very finest and best located piece or property ever sub divided between here and New York and intend mak- ing 1t more desirable than anything along the Post road.
 Fair Acrs is bounded on the east and north by some of the finest eS- tates and residences in Fairfield inclu- ding those of DeVer H. Warner, Hen " Rowland, Harriet L. Glover ThoS- Iashar, and the estate and famous rose gardens of Miss Annie Jennings. And I don't mean that these places are nearby" but actual boundaries.
 To the south we have the very best and most popular bathing beach along the sound, Fairfield Beach, making a conIination of surroundings attrac- tions and location that can never be equalled. So don't try to compare Fair Acres with anything you have ever seen in this section, for you have never seen anything in it's class
 As we go along, Fair Acres will be developed into a beauty spot that will win the admiration of even our veal thy neighbors and will make a most suitable setting for the homes of Bridgeport's most substantial and pro- fessiona1 business men.
 In fact I have every assurance that our first purchasers will be of this class, which is composed of folks who wish to be close, enough to the city to give all necessary attention to their business and still be able to turn their hours at home into a real vacation time.
 I bought the property because l know that the trend of real estate de- velopment and the building of higher class homes has been toward and in, the town of Fairfield, for people of keen vision have been quick to grasp the advantages of that town, not the least of which is its remarkably low tax rate.
 Where can you go. between here and New York, and find the number of real homes of substantial people as in Fairfield?
 I am having surveys made, and getting out maps which will show up ward of 500 lots all 50 x 150, but am in no hurry to sell any lots until cer- tain development work, such as open ing new streets, laying sidewalks, set ting out additional trees, etc., has been accomplished.
 Right now I have dozen teams and a couple of score of men working every day and of course such activity attracts attention.
 Nearly every day we have on the property what you would term in golf or tennis "a large gallery made up chiefly of people who are really inter ested and who even now are aSk1ng for Ix'eces and terms
 To all these and to the public I can only say that until my maps are com p1eted and prices fixed. cannot do anything definite, but I am willing to do as I have for some of my friaRds: that is to give options on selected lo- cations, subject maps and prices which I hope will be ready in a few days.
 I am on the property much of the time myself, and will be glad to show anyone around in an informal way.
 But as to actual selling plans well, you'll have to wait. I'll tell you when the time comes---as the merchants say in their advertisements, Watch