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REAL ESTATE SECTION June 9, 1928 WINNETKA TALK Look at This--Doesn't Appear to Be Building Slump Here BOOM FOR REAL ESTATE SEEN DURING BIG FAIR Frederick B. Thomas Says Sub- urbs Should Share in Profits of 1933 Exposition By FREDERICK B. THOMAS (of Frederick B. Thomas & Co.) Tn 1933 Chicago will celebrate the hundredth anniversary of its incor- poration as a village, with another World's Fair. If anyone has an doubts about this or questions the success of the under- taking let him step into the headquar- ters of the Centennial Celebration, where he will see machinery adequate- ly at work, getting Chicago ready for the 75,000,000 visitors who will be here in that year. The site of the Exposition will be the lake front from Grant Park to Thirty-ninth street, and possibly to Jackson Park, largely on newly made land which has already been named Burnham Park. Mistakes made in the planning and financing of other Fairs will be avoided. Heretofore, without exception, due largely to lack of funds, there were delays in the per- fecting of plans and in the actual starting of the work on buildings and grounds with the result that within the last six months proceding the openings there was a wild rush to get everything ready, with attendant im- perfection, extravagance and the im- portation of outside labor which was left without employment as soon as the Fair was over. This Fair is being underwritten five years in advance of its opening. Certi- ficates of membership are being sold for $5.00 entitling the owner later to ten complimentary tickets of admis- PEEiars in no one spot of similar area on the north shore has the hum of the saw and the ring of the hammer been heard to the same extent as it has within the few blocks between Kenilworth and Winnetka avenues and Ridge road and Brier avenue. Here are now located sixty fine residences, practically all of which have been erected within the past two years, ranging in price around $15,000 with some notable exceptions, upwards, while plans are said to be well under way for the beginning of several more in this section during the summer. In the picture above may be seen a number of the completed homes and others in course of construction. In the background is shown the adjacent New Trier High school, between which, and the area in question, is located the Indian Hill business section and the North Shore Electric station The tract south of Winnetka avenue was originally put on the market by the Lake Shore Realty Co., consisting of the Manus Brothers, and A. H: Kraus, operating with them. These holdings were afterwards acquired and operated under the name of the A. H. Kraus Realty Co. This is true, excepting as relates to a block from Ridge to the railroad tracks and extending on down a short distance south of Meadow road, which was part of the first section in this area put on the market under the name of Manus Indian Hill Subdivision. This long strip was independently owned by Roland D. Whitman and entirely sold under his exclusive arrangement, by Johansen & Co. South of this latter mentioned strip was a small, similar strip owned and developed by William H. McClain, former County Commissioner, as well as some areas lying in the original McClain homestead tract on Ridge road, all of which passed into the hands of the A. H. Kraus Realty Co., about three years ago, upon the death of Mr. McClain. sion to the Fair and every adult in the Chicago area will be asked to sub- scribe. The enrollment committee, headed by Stuyvesant Peabody, re- ports a very generous response to its appeal for memberships and hopes to sell 500,000 of these certificates which alone will create a fund of $2,500,000. Many large donations have been made and will continue to come in, so that Ninety building permits were is- sued in the four north shore vil- lages of Wilmette, Kenilworth, Winnetka and Glencoe, during the month of May, representing a to- tal of $836,625 in improvements. A feature of the foregoing data is the fact that of this number, 32 were for new residences costing $587,500. there should be no lack of funds. This Fair is not going to be merely an architectural exhibit or a row of buildings containing exhibits, and, neither, I understand, is a "Midway" going to be a leading feature. It is to be, as General Abel Davis says, " a Congress of Best Minds, the best thoughts of the world, in realms of art, music, science -- the elements (Continued on Page 59) James H. Eldredge Buys * Residence in Winnetka The Wirt Farley residence at 800 Walden road, Winnetka has been sold to James H. Eldredge of Winnetka, who is now occupying it. The broker for Mr. Eldredge was Alvar R. Sutter, 545 Lincoln avenue, Winnetka. WILMETTE SETS SPEEDY BUILDING PACE IN MAY Twelve New Residences to Cost $228,500--June Sure to Be a Banner Month The month of May, during which forty-one building permits were is- sued for new buildings and remodel- ing jobs at a total cost of $250,500, stands out prominently in the build- ing activity records of Wilmette. June, however, starting out with one permit for $400,000, that for the new Shawnee Country club, at 911 Michi- gan avenue, and with one contemplat- ed residence which, it is said is to cost considerably over $100,000, promises to exceed, by far, the May record, par- ticularly in regard to total valuation of improvements. May permits this year, include twelve residences costing $228,500; nineteen for private garages, valued at $8,150 and ten for alterations, cost- ing $13,850, making a grand total of $250,500, almost $86,000 in excess of the total for the corresponding month a year ago. In May, 1927, permits were issued for ten residences cost- ing $155,000; ten garages, $5,725 and four alterations, $4050. One of the permits issued last month was for a residence costing $52,000 and another, $40,000. The former was taken out by Robert Black, of the firm of Robert Black & Co., for a beautiful home of stone and stucco, which is to be erected at 10 Canterbury court, for Charles W. Wrigley, of the firm of Charles W. Wrigley Co., advertisers, 400 Michi- gan avenue, Chicago. The permit for the $40,000 residence (Continued on Page 58)