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latfdsoBie houses erected ) $mi th bos built an at be PJjyjraield pike, anosoid and a number During the year Pitractive residem# tHenrySlLVETON.Silverton is the name given by Messrs. Hains Cresap to the beautiftil subdivision openedby them at the intersection of the Montgomeryand Plainfield pikes, an. the Cincinnati Northern Railway, eight mijes from the Court-housein Cincinnati. The. subdivision has provedsuccessful, a large number of lots having beens bu_ | ^ MM __M | ^ handsome improvement bn the Montgomery pike, just east of the Plainfield pike. Other capitalists have been attracted to this location, and several new subdivisions are in contemplation. The most important step in the development of Silverton was the organization of the Mutual Homestead Building Company and the purchase by them from Adam Gloss of twenty-four acres of land, which they subdivided into fifty lots of 102 by 168 f$et each. During the past summer they have thorougdrainea the ground, built the streets andnues and made other improvements to the extent of Upward of $4,000. At the last meeting of the Directors Deer Park was selected as a name for the subdivision, and it was resolved to proceed, os soon as the weather will permit, to erect a handsome station at the junction of North avenue and the rilrpad. This association is workiug upon an entirely new plan,and have already reached a point where suc^cess is assured. The object of the association is “to give its members an opportunity of acquiring a home in the vicinity of this city by weekly payments.” The capital stock is $75,-000, divided into 1,500 shares, the weekly dues being $2. The membership i* limited to fifty shares and the subdivision comprises fifty lots, one lot for each share. The choice of lots was determined by auction and the sale realized to the association $3,020 in premiums, all of which has been expended in improving the grounds. The land is paid for and the compinv has money on hand with which to commence building as soon as the season opens, it being their expectation to erect from eight to ten dwellings during the season, ranging in price from $2,500 to $3,000. Louis Kennedy, who owns the sixty acres adjoining Deer Park oil the west, has donated the ground for depot purposes, and Jas. H. Sibley, whose Subdivision adjoins on the north, contributes liberally towards the enterprise. Mr. Kennedy has in contemplation the subdivision of his tract, and has dedicated a continuation of North avenue west through hisland, tlius giving the Building Association anoutlet in this direction.
Newspaper Details
Cincinnati Commercial Gazette
Cincinnati, Ohio, US
Sun, Jan 10, 1886
Page 1
Full Page
Clipped by
Cincinnati A.
OH, USA 11 Oct 2021
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