Evening star., 1925-03-23
WILL PUSH BOOM
IN FLORIDA LAND
Real Estate Men Say Let-Up
Might Cause Selling by
Property Owners.
BY j. c. ROYLE.

Special Dispatch to The Star.
MIAMI, March 23.-There is every
indication that more actual construc-
tion work will go on in Florida this
next Summer than ever before. Build
ing in this section of the State may
possibly involved expenditure OF be-
tween $4,000 900 and s100,000,00G in
the next year The State itself is eX-
pected to spend at least s10,000,000 in
construction of highways.
The demand for homes hotels,
apartments and business buildings
continues unabated, and real estate
owners and development men are de-
termined to keep it that way. They
are confident they can do this If they
keep building operations going un-
checked during the Summer. They
know that visitors who have bought
property this season will be back
next year, expecting to see progress
Summer Luli Is Feared.
If that progress can be shown
them there is every likelihood that
they will buy more lots and induce
their friends to do likewise. If they
see that little has been done during
the Summer they may become dis
couraged and throw their lots on the
market
Operators. therefore, are making
active preparations to spend more
money. The moving spirit in the de-
velopment of one of the more promi-
nent residential suburbs in the State
told the writer that he had made ar
rangements to spend $3,000.000 on
grading, pacing and landscape gar
dening in his subdivision before next
Fall. There are dozens of other con-
Germs which will spend as much or
more.
Builder Doubles Money.
Building trade artisans who came
to Florida merely intending to spend
the Winter and to return to the
Northern cities when the weather
settled there, now are buying or
building homes. They see the pros
poets for all-year-round employment
at high wages for long time TO
come. and many OF them are planning
to make their homes here in the fu-
ture. Some are branching out as
builders on their own account. One
sach man succeeded in securing
enough backing to permit him to
erect a house costing $4,000. He sold
that house at an advance of $1,000
over it's cost and that of the lot on
which il stood. before it was COM
similar houses. on none of which has
he failed to double his money.
Clever Statesmen in Demand.
There is little doubt that activity
in real estate transfers will ease off
somewhat during the Summer months.
but activities will not be abandoned
by any means. The management of
the great real estate projects will
make some reductions in their office
and sales forces. But they cannot af-
ford to disrupt their selling organiza-
tions, nor can they permit their high
class statesmen to get away from
them. Men in other lines who have
seen these high-pressure statesmen
work this Winter are eager to snap
them up IL their present employers
lose touch with them.
Funds Easy to Obtain.
There has been comparatively little
difficulty in financing the improve
ments to be made this Summer. In
many instances the work will be car
ried on with the money resulting
from the sale OF property this last
Winter In others capital has been
enlisted both from the North and
from within the State.
Gas and electric companies will
make extensive additions to present
plans and street car and bus services
will be greatly augmented.