Building sites in the borough have always been held at a high figure, for the simple reason that the demand was greater than the supply. Many people would have bought and built house, could they have obtained what they wanted at a price within their means. That is the chief reason why the village has failed to grow, in proportion to other towns along the shore. Lots as a rule have been held very high, and this has deterred the man of ordinary means from located here. By ordinary means we refer to a person, say who has an income of two or three thousand dollars.
When it became known that Mr. Merwin Mead had concluded to throw his land upon the market and cut it up into building sites, with one voice, those who heard of it said, "It ought to have been done ten years ago, and what a paying investment it would have proved." Now that he has decided to depose of it in this way, it will be a good thing for him and the others interested in the property, as well as for the borough.
It is hardly a land company that has control of it, in one sense, for he has not sold it, but passed it over to three trustees to develop.
This farming property of Mr. Mead's comprises about 25 acres and is situated between Greenwich and Davis avenues, and is bounded by Smith Mead's farm on the south and East Elm street on the north. He gave a deed this week of it which empowers Nelson B. Mead, Sheldon E. Minor and George Mead to lay out and open the property into building sites and to improve it, the proceeds to be divided in accordance with the interests.
This property will cut up into about 75 good sites, it can be readily seen that they can be sold for a fair figure and turn in a handsome return to those interested.
Work will be begun on the property to improve __________ the change it will _________. Greenwich ______ then ought to grow, and grow rapidly.
