The New York herald., 1922-12-03
-AUCTI0NEER TURNS
POPULATION TIDE
Attracting Buyers to Section
Lacking Transit Facilities
Brings Car Lines.
ny ALBERT GOLDMAN.
President Brom~ Board o, Trade

President Bronr Board Of Trade
In city planning transit usually pre-
cedes population, and although transit
locates population 1t is population and
population alone. that creates values.
One OF the most interesting phases OF
the real estate market is the manner In
which Joseph p. Day as an auctioneer,
has succeeded in reversing the city plan
ming rule by attracting population to
sections that. in a measure. lack 100 per
cent. rapid transit facilities, the result
OF which is to compel the introduction OF
better rapid transit by creating the de-
mand for It.
That was especially tho case in the
recent Lorillard Spencer estate sale IN
the Pelham Bay Park and Long Island
Sound sections. where look forward
to very large amount OF home building
before tho expiration OF the tax exemp-
ton law in April, and the complete ulti-
mate development OF all that part OF The
Bronx known generally as the Pelham
Bay Park district.
That building activity which is un-
der way is altogether a natural extern
sion OF the Lohbauer Park, Eastern
Boulevard and Throgs Neck building
movements that have completely trans
formed the sections I have named, all
OF which are more or less distant from
the Westchester avenue subway.
One result of this influx OF new popu-
lation has been tho double tracking OF
the East fremont avenue trolley line,
which runs between Westchester square
and Eastern Boulevard. 1hat transit
Improvement means that the fremont
avenue line soon viii be in operation
through from University avenue to tho
Eastern Boulevard instead OF stopping
at Westchcster avenue. and that n sim
liar extension OF the East 177th street
line Ia To be expected.
The most active ccnters OF building
along Gun Hill road arc the Columbia
Oval and Eastchester sections. both OK
which have been opened recently by the
Columbia Oval, the Eastchester Syndi-
cate. the Watson and the Hoyt estates
and the Burke Foundation lot salcs held
by MIR. Day. Those sales were followed
bv homo building and the home builders
deserve the hest transit facilities that
the city can give them.
Another most promising section OF Tho
Bronx. where / expect to see big apart-
ment building activity next year. Is that
known as the Areco-Astor district, be-
tween westchester avenue and Clason
Point on the east and the Van Nest
section on the west.
Clason Point, along both sides OF
Sound View avenue between Westches-
ter avenue and the East River. Is de-
vcloping most rapidly on and near the
waterfront In the section east of the
ClasofY Point Military Academy and
Lafayette avenue. with the fIiggs Beach
and Killian Beach camping and bunga-
low section as tho scene of building
activity.
just south OF Clason Point and the
Astor section are the Bronx River and
Hunts Point. The underbuilt and over
populated Hunts Point district has had
marvellous growth since the days OF
George 1r. johnson. Henry Morgcnthau.
Robert u. Simon, James Il. Mcehgn and
others. who were active in the years
before Joseph 4. Day began auction
'cering the Hunts Point estates. The
building movement OF to-day is greatest
in the nclghborhood OF Costcr street.