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~ eta C4 REAL ESTATE SECTION July 14, 1928 WINNETKA TALK 41 Wilmette State Bank to Expand With New Building BUYS UP ALL PROPERTY IN TRIANGULAR BLOCK Ground Space Is Purchased from McGuire and Orr; Architects Now Preparing Plans Wilmette State bank, moving in pace with the rapid development of Wil- mette, is going to have a new and larg- er banking institution. This was an- nounced 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 oc- cupies a frontage of fifty feet on Cen- tral avenue and runs to a depth of fifty feet on Twelfth street does not occupy all the ground owned by the bank before this 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 approxi- mately eighty-eight feet on Central avenue, all of which will form front- age for the new bank building. The new purchase is a slight triangle due to the rounded corner at Central ave- and Electric place and the fact that a small section' running directly north and in line with Electric place is vil- lage 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 to any desired size. While plans for the new bank building are at the present time in- definite it can be stated that when completed it will be one of the most pretentious -business structures in Wil- mette. It will be built in units in or- der not to retard the business of the bank. Growth Forces Expansion The expansion has been found "necessary due to the growth of the banking business in Wilmette. The Wilmette State has found its present quarters inadequate for its needs and it was this fact that has forced the ex- pansion move. It is stated that architects are al- ready working on plans for the new bank. The erection of the new building will mark the end of the stores now located on Electric place. The build- ing they now occupy will be razed. The consideration by which the bank secured the additional ground was not disclosed. Woman Is Named Steward of the Chicago R. E. Board Mrs. Helen Raible has been ap- pointed steward of the Chicago Real Estate board to succeed Paul Charles Hiob, who passed away recently. Mrs. Raible is well known to the members of the board, having assisted Mr. Hiob for several years. Ea Development of West Wilmette Well Under Way A or This picture shows the new residences built on Highland avenue one block west of the Ridge. Wilmette Striding to Record Year in Building-June Permits $705,327 Wilmette--perhaps it might be bet- ter to call it Greater Wilmette, with its expanse of open country to the west waiting to be built up--gives every indication of scoring a record year in building operations. A careful tabula- tion of figures gleaned from the build- ing permit list in the village hall shows that last month--June--twenty-six per- mits were issued for a total of the stag- gering sum of nearly three quarters of a million dollars. To be exact it is $705,327. Wilmette in the early months of the year far ahead of the same period of last year is stepping along at a pace that none of the other north shore suburbs seems able to follow. New $400,000 Clubhouse Of course, there are big reasons for the great advance in June. The per- mit for the new Shawnee clubhouse at the corner of Lake and Michigan avenues was issued. The club is to cost $400,000. It already is well under con- struction. Then there was another ex- penditure of $75,000, this being ac- counted for by the reconstruction of the old village theater into a first class banking institution to be occupied by the First National Bank of Wilmette. A comparison shows that June of this year is just $421,467 ahead of the same month of last year. In May, preceding the $705,327 June, forty-one permits were issued for a total of $250,- 500. While the huge total for last month is interesting it also is interesting to note that the building of new resi- dences showed no diminishing. Nine 100 YEAR LEASE A lease for a century has been closed in Evanston. Michael L. and John J. Hayes have leased the southeast corner of Sherman avenue and Clark street, Evanston, from Northwestern uni- versity for 100 years from May 22 at an average yearly rental of 512.6% for the first fifty years. The essees will erect a $200,000 build- ing, it is stated, which will contain ten stores and twenty-four apart- ments. permits were taken out for new resi- dences, one of which is costing $95,- 000. The total reached $198,800. This fine new residence is being built in the new Canterbury section off Sheridan road at 21 Linden avenue. The owner is B. J. Denman. It is being built by the W. Mavor Construction company. Many New Residences The total, aside from the new club- house and bank building, is $230,327 which shows how Wilmette is holding its residence building pace. But there were other items of note in June. For instance alterations called for an ex- penditure of $29,130 while $2,397 was spent for garages. New residences are being built for the following: F. Betzlmann, residence in West frame dwelling at 1517 Wilmette, $27,000 J. Harrison, Greenwood avenue, $10,000, . (Continued on Page 48) Building Slows Up in Glencoe During June; Total $54,675 The construction of new residences was limited to three, the Glencoe build- ing permit list for the month of June shows, and the total as a result was small. The thirteen permits issued were for a total of only $54,675, which is a heavy decline when compared to June of last year, when permits were issued for improvements costing $183,- Then glance at the month of May, the month just preceding this present slump. In May nineteen permits were issued and the total ran to $194,800: Of this $188,500 was spent for new residences. The three permits for residences called for an expenditure of $48,000. There were eight perits for garages the total being $4,475. The new residences are being built for the following: Vita Sunfilis, two-story frame and brick residence at 446 Sunset lane, R. E. Crosby, two-story brick veneer {esidence at 533 Oakdale avenue, $12,- Milton H. Grauer, two-story brick and stucco residence at 475 aches street, $14,000. New Glencoe Residence Being Built for Broker The new home which George H. Os- borne, of 964 Vernon avenue, is erect- ing on Sunset road, east of, and ad- joining Skokie Heights, is one of the many places which is being completed in Glencoe this month.