The New York herald., 1922-03-12
A BRONX AREA RIPE
FOR IMPROVEMENT
Jump in Prices Predicted for
Land Along Pelham Bay
Subway Extension.


.e--. There are great possibilities along
the Pelham Bay extension Of the Inter-
borough subway system not only for
the speculative builder but also for the
homeseeker and investor" says a real
80 state operator noted for his shrewd in
yestments Property in this locality
seems to have escaped the notice Of those
who inYest in real estate, though just
Why this section has been overlooked is
hard to explain"
westchester avenue is the main north
and south artery in this section Of The
1;ronx IL Is 100 feet wide and Is thor
oughly improved. On it operates not
only the subway system but also troll
ley line which connects the north and
south portions of the borough and also
links the principal east and west trolley
lines
Sound View avenue, which is in real
ity the old Clasons Point road. is loo
foot street, which extends to Ciasons
Point. There is a trolley line on this
thoroughfare which connects with the
Westchester avenue line. A few blocks
avenue) bsects Westchester avenue.
East I77th street is the longest east and
west street in The Bronx, and the troll
Icy line which operates on II passes all
or the subway and elevated roads in the
borough, all OF which have stations on
this street .f.N
Another important east and west
street is White Plains avenue, also 100
feet wide This thoroughfare will figure
actively in the future development of the
section and create a. business hub" on
Westchester avenue, real estate men
say. a.ess gs.-.s
In addition 10 the one at Sound View
avenue there are several important sta
tions in this section along Westchester
avenue. At Elder street just east OF
the Bronx River IS large group OF
apartment houses. some of which have
stores. These buildings were erected on
the land formerly owned by the Amer
lean Real Estate Company and face on
q. Westchester avenue, Evergreen avenue.
= Wheeler avenue. Elder avenue and Boyn-
ton avenue. In. laying out this develop
mcnt a certain space was provided for
= country club, and tennis courts and
places for other amuscments were pro-
yided. This recreation center created a
community spirit which has done much
to help The development OF the section.
north and south ef Westchester avenue
and extending east 10 the Eugh J. Grant
circle, In another extensive development,
but this time comprising mostly one and
two family houses. The property is In
scattered owherships and was improved
Y IN anticipation Of the rapid transit which
has since become a reality. There ere
several churches OF various denomina-
fions In this section and also Public
School ~. which II n fire modern build
ing sufficient 20 care for the needs OF
this growing district. s@H
The Hugh y. Grant. Circle section, "
II predicted will he another business
z center. for at this point. not only are
there the subway. and trolley on West
che<ter avenue, but, also the East 117th
n street trolley. ~ IlFtN g<g tNM y
Only few bloclts to the west il the
beautiful Bronx Park, with its zooiogl-
cal Gardens, and TO the east IS Ciqsons
ppipt, where aruusements of all descrip-
I .tns arc available. Pelham Bay Park
Is only q very few minutes ride on the
Subway and there will be found splendid
roif links as well as seasonsblo water
sports OF all KINDS. including swimming.
boating fishing. &C, s.
Many people prediot that this section
of 'rhe Bronx is destined 70 he a second
Hunts Point and that ONCE the trend ~
travel really starts IN that direction
nothing can stop Il until the supply of
land is exhausted. One thing II certain
Realty vaincs have hot sincrcaF ! i1 THE
mart III the f;rc.,s. but oltce Tie buildina
moef-I,t really s.arts 1rescni day
SriceS snould seem r.dsulously low.