The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-02-16
LASALLE ADDITION ON
MARKET This SPRING
Gostlin, Meyn & Hastings
Selling Agents For At
tractive Property.

Gestlin. Meyn s. HasttngB. Irsc-. an
ncunce6 today that they had been ap-
pointed exclusive selling agents for
the La Sale addition to Hammond
This tract of land consist OF 40 acres
and is bounded on the north by Iasth
street on the south by s5oth street.
on the cast by White OAK avenue. and
the west by Columbia avenue. II Is
one OF the largest subdivisions within
the city limits Of Hammond that has
been placed on the market within re-
cent years
For more than 35 years this hand
has been owned by John W. Ulm Of
Chicago and Nathaniel w. Guernsey OF
New York City. Mr.. Guernsey, holding
the title OF chief counsel for The
American Telephone and Telegraph
CO.
Peter ". Mcyn nSs always repre-
sented the U1m interests Ia Hammond
which ct one time amounted 70 more
than l5e acres. Old residents here will
remember that 1t was through Mr.
Ulm's generosity that Hammond secur-
ed one of it's first industries, the old
Hammond Axe works. Mr.. Ulrr giving
to that company their site free for
locating in Hammond From time to
time afterwards he was called upon
TO contribute financially when "a the
early days of Hannmond's history. It
was customary to pay q bonus to fac
tories locating in Hammond. Last
year, he sold tract OF 3S acres so the
La Sale Steel Company. at a price con-
eiderably lower than it's worth. in or
der TO bring this fine industry 10 Ham
nond. Mr.. UiIn Is also a heavy owner
Of improved property in Chicago. one
of his holdings there being the Mar
low theater on s3rd street and ne also
owns 10000 acres OF fertile iond In the
Imperial Valley in California
Plans are being made to place she
la Sale Addition on the market this
spring The plat has been placed on
record az Crown Point. all residential
lots being 37I-2 feet wide and the
business lots facing on l5oth street
being IS feet wide. 15oth street is
improved with 40 foot concrete pave
| ment
The agents state. that surprising as
| it may eeem, that there Is a dearth OF
residential restricted real estate in ali
! of the vacant land between Hammond
and East Chicago, for . very large
amount OF il has only industrial pos
sibilities When this tract is sold out
and built rp. East Chicago and Ham
mond will be built up solidly and viii
j appear as a single municipality
The Jones & Laughiin Steel Co. pur-
chase OF more than 1000 acres, is six
blocks north, and when construction
starts on this plant it will be very
vital problem 20 take care of the added
! population that will be located in the
cities Of East Chicago and Hammond
The tract is three quarters or mile
from the center OF East Chicago. and
It Is more liheiy large proportion OF
the buyers will be from that city.
/ Transportation facilities are furnish
! ed by The Hammond. Whiting 81 East
Chicago Electric Ry., which line ex-
tends along the entire t5oth street
frontage, while the South Shore Elec-
trfc line is two blocks north.
! 1t is the intention OF Gnstlin, Meyn
! & Hastings, Inc, to sell the property
in solid blocks. as already The Jones
g. I.aughNn Steel Co. has purchased the
entire frontage of White Oak avenue
TO be used for their 1S-ft- concrete
I tunnel On top of this, g. lawr and
park will be built Two other blocks
have been spoken for and it is possible
that before spring. the entire sub
division will have passed into new
hands.