Real Estate
Developments
With the signing of the armistice activity in real estate
developments in Pinehurst was resumed with a bound.
When the season of 1917-18 ended every available house was
rented, but as war activities increased one after another of the prospective
tenants became engaged in the great work and by August fully half had found
themselves engulfed in the maelstrom and obliged to cancel their leases. But
with the cessation of inquiries and in an incredibly short time every house was
rented, notwithstanding the fact that many property owners had been forced by
circumstances to spend the winter at home or in other places where they were
engaged in war work and therefore offered their Pinehurst homes for rent.
During the summer eight new houses, which had been begun
before the ban was placed on building operations were completed, but in spite
of the substantial increase in rental the supply has proved woefully inadequate
and even new requests for household accommodations are being received at the
rate of from three to five a day.
Already many new houses are being planned and the
indications are that the coming summer will surpass all previous ones in
building operations.
Mr. George Statzell of Drexel Hill, Pa., has recently broken
ground on the lot he recently bought from Mr. R.B. Overbaugh, near “Fernleigh”
the residence of Mr. H.S. Houston, and will build a most attractive and
substantial bungalow.
Mrs. T.T. Watson is building a cottage on her lot on
Carolina Vista near the Pine Grove, to be followed in the near future by a
larger house on the same lot. The cottage in process of construction is a
veritable multum in parvo and its harmonious design and graceful lines elicit
much favorable comment.
The Pinehurst Plateau Company, of which Mr. Jas. Barber is
the principal owner and leading spirit, has a community garage in process on
its plot near the home of Mr. T.L. Redfield.
Near the depot Mr. Tufts is building an additional warehouse
for the storage of hardware, building materials and accessories. Two years ago
a new department was established in a warehouse erected for the purpose
adjoining the freight house of the Norfolk-Southern Railroad Company and Mr.
Harrison Stutts, formerly in the hardware business in Southern Pines, was
placed in charge. Under his management the business has grown until the old
quarters have become inadequate and the new warehouse is necessary.
Among sales recently made perhaps the most important is that
of the Beech cottage by Mr. Donald Ross to Mrs. John D. Chapman. Mr. and Mrs.
Chapman have a beautiful home in Greenwich, Conn., and are too well known to
require an introduction here. They have been occupying the Albemarle purchased
last year by Mr. Jas. Barber from Mr. W.H. Thurston. Mrs. Chapman plans
extension renovations and the work will be begun next month.
Mr. Ross has bought the Hawthorne, formerly owned by the
Misses Barrett. He, too, will make extensive changes, and will occupy the house
with his family next season.
Mrs. Francis Keating has purchased the lot adjoining her
property opposite the Berkshire where she expects to erect a commodious
colonial residence.
Dr. G.L.S. Jameson, St. Davids, Pa., has sold his lot
opposite the residence of Mr. M.B. Johnson to Messrs. J.W. and R.H. Watson.
Mr. H. Bradford Lewis of Andover, Mass., has recently bought
a beautiful lot near the Morganton, where he will build this summer.
Another recent sale that will mean much to the village is
that of the Palmetto, an old apartment house on the eastern edge of the town
below the Holly Inn.
The architect is already at work on plans for this, and it
is hoped that the remodeling of the structure will be completed before the
beginning of the next season.
This company has also bought the Ivy next to the Lenoir,
which was completed last summer. It is also planned to reconstruct this for
next winter.
Mr. W.B. Merrill has bought a lot adjoining his property
formerly owned by Mr. Geo. W. Statzell.
Mr. Geo. T. Dunlap becomes the owner of the lot opposite Mr.
N.B. Hersloff’s on Linden Road, and Mr. James Barber has bought the lot
opposite his new residence, near the Community Garage. He is constructing a
tennis court here and is otherwise greatly improving the property.
A syndicate comprising 13 Pinehurst property owners has
taken over the Clyde Davis house and it is occupied as a school.
These are among the more important recent transactions but
there have been several others, which will be treated in a subsequent letter.
--A.S. Newcomb,
Realtor
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