H.M. Wade Buys 18 Houses and 2 Store Rooms on Mint Street, March 20, 1921

Saturday a deed was filed in the clerk of court’s office, transferring to H.M. Wade 18 houses and two store rooms on Mint street. The porperty belonged to George H. Bellinger, formerly of Charlotte but now of Atlanta. The property fronts on Mint street and runs along the railroad to Lomax street, also including property fronting on that street.

The consideration given in the deed is “$10,000 and other valuable considerations,” but the number of stamps on the deed indicates the price was about $40,000.

Because of its nearness to other property that Mr. Wade has in that part of the city and its adjoining the plant of the Wade Manufacturing company, the transfer is regarded as one of the most significant, potentially, of any deal made in that part of the city in many months. While the property is in a section of the city that has heretofore been chiefly given to tenant houses occupied by negro tenants, there have been indications for several years of a tendency to develop the section into manufacturing and industrial plant sites. In addition to the plant of the Wade Manufacturing company, there are properties in that vicinity reserved as sites that are to be developed at propitious moment. At the lower end of Mint street, several blocks away, several industrial plants are already in operation.

From The Charlotte News, Sunday morning, March 20, 1921. Adjusted for inflation, $40,000 in 1921 would be worth $537,060 today (2021).