The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-04-01
BUSINESS OUTLOOK HERE
NE ever BETTER, VERDICT
Building Activity HeraIds
Progress and Prosperity,
Business Men Agree.

Indianapolis business men near
the industrial front" declared today
the business outlook for the city for
spring and summer never looked
better"
With more than $1,000,O00 worth
of building permits issued in March,
local builders assert more new build
ings were started in the month than
during the same month last year.
Here's a summary of what real
estate and building men say:
Growth Recounted
Every section of Indianapolis is
registering a phenomenal growth.
The downtown skyline Is changing
with one new theater building prac.
tically finished and new hotel and
garage contemplated. a
Main thoroughfares leading into
the downtown district are being
rapidly lined with new stores.
Home property is renting at full
blast.
Both moderate and higher priced
homes are being built.
Lots, especially in the suburban
districts are selling rapidly, most OF
them to persons who contemplate
homes on the sites.
MacGregor Optimistic
Hotels and apartment building
owners report well tenanted build
ings. Downtown office buildings are
leasing space at higher rate than
average and storerooms in communi.
ties are being leased daily.
One Of the most optimistic men in
Indianapolis is Robert MacGregor,
executive secretary Of the Indian
apolis Real Estate Board.
us it going to be a good year? 1t
certainly is" he said. THE real
estate board is getting reports daily
of large numbers of sales and rentals
all Of them to good, substantial
people who are here to stay. Indi-
annapolis is no longer place where
people come to stay temporarily. 1t
is a city Of homes and industries,
where the citizens are really citizens,
interested in the city's development"
East Side BOoms
William Low Rice, realtor, said
business is brighter than it has
been for some time Rice said he
completed six new homes in Carroll
ton Court, near Fifty-Second st. and
Carrollton Ave, and that five are
sold and he is starting construction
on six new ones.
From the east side come reports
Of miniature boom. c. B. Durham
has invested $4,000 900 in property
and improvements in this section.
The eastern part Of Indianapolis
is now experiencing one of its
greatest periods of growth" he
stated Homes and buildings Of
every description are going up"
Fifty-f1ve businesses are operating
in the vicinity of Forty-Second st.
and College Ave-, survey by Harry
Templeton, of the Fl. Templeton
Realty Company. showed.
Uptown Indianapolis is growing
steadily" Templeton declared.
In the Suburbs
Walter T. White announced that
suburban property north of River
side Park Is sellinfig faster than
ever before.
sale Of improved property in In.
dianapolis, is showing a firmer tone
and buyers are interested in better
homes at a right price rather than
just any home at low price S. J.
Argus of the American Estates Com
pany said.
A survey by Cartmell. Burcaw-
Moore, Inc, which specializes in
suburban property, brought this an
nouncement from B. c. Cartmell,
president: Each week during
March has seen the sale of four to
ten houses on one-half to two.acre
tracts. 1t will be the best year yet
for development In outlying dis
tricts."
Florida Dead"
Business men believe nothing can
stop enlargement of the city this
year, and are saying so.
Some of them declare the Florida
boom had a lot to do with Indian
apolis' seeming retard two years
ago. For some time this center of
activity seemed to sap the life from
northern cities.
However, Florida now demands at
tention only as place for hibernat-
ing during winter months and is
dead" so far as attracting northern
capital is concerned, according to
several persons who have been there
during the last sixty days.
Opening Of the Indianapolis Home
Complete Show at the State fair
ground Manufacturers Bldg. Satur-
day night will be another boost to
business, 1t is said.