The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-07-20
NEW SUBDIVISION
FOR HAMMOND
Forty Acre Tract on South
Side Has Been Put on
the Market.

Hammond is to have a beautiful new
forty acre subdivision to be known as
Madison Terrace as a result of the for
nation of a real estate company TO be
known as the Madison Terrace Realty
CO, capitalized at 100000.
The company is headed by Roscoe Z.
Woods. Frank Hammond is secretary
Frank Martin, vice president: J. c.
Paxton is the treasurer; Howard Ge-
scheidler is assistant secretary and P.
Feeder is assistant treasurer. Others
Interested in the company are L l.
Bomberger and DR.. e. S. Jones.
The company has purchased of
Claudia Schneider and Jacob, Mueller
the forty acres at the corner OF stand
ard and Calumet avenues which is now
being subdivided along the most mod
ern lines.
The new subdivision is expected 70
be developed with houses of the char
acter of those IN haywood and Hyde
business. except on Calumet avenue
ample building line restrictions. price
restrictions and for fear that some
time or another the eighteenth amend
ment and the enforcing act might be
is included.
SUBDIVIDING LIBERAL
The purchase of this property was
in competition with a number of other
individuals but the determining fact
Or in the eventual sale to the syndi-
cate organized by Roscoe E. Woods of
Woods. Martin & Company was the
conspicuous success of that company
in the management of Kenwood and
haywood, two Of Hammond : most at
tractive subdivisions.
one of the conspicuous features of
the new su ubdivision will be the dedica-
ton OF sufficient ground fronting on
Standard avenue TO provide for the
great boulevard development that was
outlined in the ines some weeks ago
Standard avenue is TO be made 1f2
feet vide, just as it now is in the South
View addition Enough pledges have
been secured from property owners
aautting on this street to assure the
opening of great artery of traffic
from Hammond clear through to Gary.
PLAN OF StBDIvIDING
Jefferson, Madison. Monroe and Jack
son streets arc to be extended on
through, according to the new plat
and or course Calumet avenue Is al
ready opened through
The fact that most II the subdivis-
ions north OF this property have been
completely sold out and that this prop
erty is next in the line Of the rresist-
. Die southwark development Of Ham
mond, makes IT practically certain that
the demand for this property will be
tremendous.
The determining factor in the sale OF
this property was the fact that the
Supreme court of the state decided in
favor of Hammond in the Hessville an
nexation case. Had this property re-
mained in Hessville no real estate man
would have considered purchasing it
WOODS. MARTIN d CO, AGENTS
The mana cement of the selling of
the new subdivision is to be exclusive
ly in the hands of Woods. Martin &
Company. number of innovations
will be used in calling attention to this
attractive property.
It is remarkable thing that long
before the announcement Of the pur-
chase OF this property was made; the
news leaked out and there have been
a score Of applications for lots in the
new subdivision.
1t will be the policy Of the com
pany, however, not TO sell or promise
to sell a single lot until the property
is formally put on the market