C.C. Cole, Progressive Realty Company, Bought Another Large Sector of Dilworth Property, Feb. 27, 1921

The Progressive Realty Company, 214 East Trade street, which bought 157 lots on Tremont, Avondale and other streets south of Worthington in Dilworth two months ago from the Charlotte Consolidated Construction Company, bought another large sector of Dilworth property Saturday. The price was said to be between $40,000 and $540,000. The property bought Saturday is on Kingston avenue extended eastward. There were more than 20 lots in the tract of an average size of 50 by 150 feet in dimension. Announcement of the sale was made Saturday by T.T. Cole, president of the company.

The property is located adjacent to the 43 acres of park which E.D. Latta Sr. Donated to the city of Charlotte some months ago. Sidewalks are already laid in a part of the property. Gas and water mains are being laid now.

The plan of development will take Kinston avenue as an extended boulevard around an area of the park section—formerly Latta Park—to East Boulevard, leaving an area of residential property adjacent to a park area on the one hand and high-class residential property on the other.

The purchasers announce that they will as rapidly as possible begin intensive development of the newly acquired property, the houses erected thereon to cost about $2,500 to $2,700 each.

The Progressive Realty Company, which took over the property located on Tremont, Avondale and other avenues n that section, has disposed of about 100 of the lots, the deed for which were filed about the first of this year and is building homes on the lots, in some cases with its own forces and in others selling the lots to buyers who are building homes on them.

From The Charlotte News and Evening Chronicle, Sunday morning, Feb. 27, 1921