FOREST AVENUE HEIGHTS
City Purchased for Cash
Price of $151,000.
that promises to rival any that has yet been made to the city
of Dallas, is that to be put on the market next spring by the
Forest Avenue Heights Development company, when 201 1/3 acres,
lying between Trinity Heights and South Dallas is cut into lots
and placed on sale. Saturday afternoon, this development company
closed a contract with the Dallas Suburban Realty company, whereby
the property was purchased for a cash consideration of $151,000.
The deed for record covering the property was filed Saturday
afternoon with Deputy County Clerk Sam J. Barnett.
- September 20, 1914,
Dallas Daily Times Herald, p. 13, col. 7.
L. P. Gamble, president of the
Forest Avenue Development company, said Saturday, that the new
addition would be opened up next spring. "The property
is to be divided into lots," he said, "and will have
all modern conveniences. The streets are to be graded and paved,
sidewalks to be built and other improvements made that will make
it a first-class residential addition. The Corsicana interurban
divides the property and within a short time, there will be local
car service with a five-cent fare."
The property lies just across the
river and adjoins Trinity Heights. The new development company
was only recently organized under the laws of Texas with a capital
stock of $175,000. Its officers are: L. P. Gamble, president,
M. Coerver, vice-president; Albert de Lorenzi, treasurer, and
W. H. Davidson, secretary. These officers, with Fred Rogers,
constitute the board of directors.
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