BIG INDUSTRIES 



39 



nent families have been swept away, and upon their sites have been 

 erected hundreds of handsome brick one-, two- and three-family 

 homes, and rows upon rows of beautiful apartment houses of the 

 most modern and high-class type. 



The American Real Estate Company, Henry Morgenthau Com- 

 pany, Geo. F. Johnson, and James F. Meehan, four of the largest 

 operators and home-makers in the Bronx, purchased practically 

 all of the property embracing what is generally known as the 

 Hunt's Point section. For years after their purchases, this section 

 was in a state of chaos; rocks were being blasted, streets were 



Boston Road, South from 166th Street in 1883 



being laid out, sewers were being constructed and a total of 

 upwards of one million dollars were spent by these owners in 

 transforming this territory into city property. It is said that 

 the buildings which they erected in that section, can house more 

 than one hundred thousand persons. 



A late purchase of the American Real Estate Company was 

 the ninety-three acres of the Watson estate lying just north of 

 Westchester Avenue and east of the Bronx River. The property 

 is located on high ground and contains about twelve hundred 

 city lots. 



