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REAL ·ESTATE SECTlON July 13, 1928 WILMETTE LIFE Wilmette BUYS UP AU PROPERTY to Expand With New Building Development of West Wilmette Well Under Way IN TRIANGULAR BLOCK Ground Space Ia Purchased fr~m McGuire and Orr; Architects Now Preparing Plana Wilmette State bank, moving in pace with · the rapid development of Wilmette, is going to have a new and larger banking institution. This was announced yesterday by officials who gave out the information that the bank .had negotiated the purchase of all the ground space between Central avenue and the alley and from Twelfth street to Electric place, previously not owned by the bank. . The present bank building which occupies a frontage of fifty feet on Central avenue and runs to a depth of fifty feet on Twelfth street does not occupy all the ground owned by the bank before thi~ recent purchase. To the rear of the present structure there is a nadditional unused one hundred feet. Frontage of 88 Feet · The property which has just been bought from McGuire and Orr, will give the bank a frontage of approximately eighty-eight feet on Central avenue, all of which will form frontage for the new bank building. The new purchase is a slight triangle due ·to the rounded corner at Central aveand Electric place a11:__d the fact that a small section runni'ng directly north and in line with Electric place is village property. The depth of the entire lot running to the alley is one hundred and fifty feet, which gives the Wilmette State bank sufficient space to build t() any desired size. ·. \Vhile plans for the new bank building are at the present time indefinite it can be stated that when completed it will be one of the most pretentious business structures in Wilmette. It will be built in units in order not to retard the business of the bank. · This picture shows the new residences built on Highland avenue one block west of the Ridge. Building Slows Up Wilmette Striding to Record Year in Glencoe During in Building-June Permits $705,3~7 June; Total $54,675 ,. Wilmette-perhaps it might be betThe construction of new residences ter to call it Greater Wilmette, with 100 YEAR LEASE was limited to three, the Glencoe buildits expanse of open country to the A lease for a century has been ing permit list for the month of June west waiting to be built up-gives every· closed in Evanston. shows, and the total as a result was indicatLon of scoring a record vear in Michael L. and John J. Hayes small. The thirteen permits iss~ed building operations. A careful tabula- have leased the southeast corner of ~ere for a total of only $54,675, which tion of fig~res gleaned from the huildSherman avenue and Clark street, 1s a heavy decljne when COJllpared to ing pe-rmit list in the village hall shows Evanston, from Northwestern uni- June of last year, when permits were that last month-June-twenty-six per- versity for 100 years from May 22 issued for improvements costing $183,mit~ were issued f_or a total of ·the stag- at an average yearly rental of 353. genng sum of nearly three quarters ~12,690 for the first fifty years. The Then glance at the month of May, of a million dollars. To be exact it lessees will erect a $200,000 build- the month just preceding this present is $705,327. ing, it is stated, which will contain slump. In May nineteen permits were Growth Forces Expansion Wilmette in the early months of the ten stores and twenty-four apart- issued and the total ran to $194,800. The expanri_on has been found year far ahead of the same period of ments. Of this $188,500 was spent for new necessary due to the growth of the last year is stepping along at a pace residences. banking business in Wilmette. The that none of the other north shore The three permits for re 5idences vVilmette State has foupd its present c: uburbs seems able to follow. permits were taken out for new resi- called for an expenditure of $48,000. quarters inadequate for its needs and New $400,000 Clubhouse dences, one of which is costing $95,-~ There were eight permits for garages it was this fact that has forced the exOf course, there are big reasons for 000. The total reached $198,800. This the total being $4,475. pansion move. the great advance in June! The per-~ fine new residence is being b_ uilt in the The new residences are being built It is stated that architects are al- mit for the new Shawnee clubhouse new Canterbury section off Sheridan for the following: ready working on plans for the new at the corner of Lake and Michigan road at 21 Linden avenue. The owner Vita Sunfilis, two-story frame and bank. avenues was issued. The club is to cost is B. J. Denman. It is being built by brick residence at 446 Sunset. lane, The erection of the new building It already is well under con- the W. Mavor Construction company. $22,000. will mark the end of the stores now $400,000. struction. Then there was anothtr exMany New Residences R. E. Crosby, two-story brick veneer located on Electric place. The build- penditure of $75,000, this being acThe total, aside fwm the new club- residence at 533 Oakdale avenue, $12,ing they now occupy will be razed. for by t_ he reconstruction of house and bank building, is $230,327 000. . The consideration by which the bank counted Milton H. Grauer, two-story brick the old .village theater into a first class which shows how Wilmette is holding secured the additional ground was not banking institution to be occupied by its residence building pace. But there and stucco residence at 475 Jackson disclosed. · the First National Bank of Wilmette. were other items of note in June. For street, $14,000. A comparison shows that June of instance alterations called for an ex-------Woman Is Named Steward this year is just $421,467 ahead of the penditure ·of $29,130 while $2,397 was New Glencoe Residence same month of last year. In May, spent for garages. of the Chicago R. E. Board preceding Being Built for Broker the $705,327 June, forty-one - New residences are being built for Mrs. Helen Raible has been apThe new home which George H. Os· were is~ued for a total of $250,- the following: pointed steward of the Chicago Real vermits 500. F. Betzlmann, residence m West borne, of 964 Vernon avenue, is erectEstate board to succeed Paul Charles ing on Sunset road, east of, and adWhile the huge total for last month Wilmette, $27,000. Hiob, who passed away recently. Mrs. 1517 joining Skokie Heights, is one of the is interesting it also is interesting to J. Harris,on, frame dwelling at Raible is well known to the members. I !Dany places which is being completed of L!1e board, having assisted Mr. Hiob note that the building of new resi- Greenwood avenue, $10,000. m Glencoe this month. dences showed no diminishing. Nine (Continued on Page 49) .tor several years.