From the Nashville Globe
1 Mar 1907
Over Forty-Two Thousand Dollars Worth of Real Estate Changes Hands – Record-Breaking of Beautiful Home Sites – Company Looking For Other Tracts — One of the greatest real estate sales recorded in the history of Nashville took place last Friday between 12 and 1 o’clock and what is known as the Fisk University Place, a new and beautiful tract of land opened by thrown upon the market by the Abraham Lincoln Land Company, whose office is 71 Arcade, upstairs. It was the intention of the movers of the new suburb addition to Nashville, to open a strictly first-class colored sub-division. Not however, with any intent at discrimination, or jim crowism, but for the purchase of giving every Negro in Nashville an opportunity to become a property owner at prices within reach and on such terms as would not embarras their financial condition regardless of how small their salary is. The $1.00 cash payment enable the most humble of the race to secure a home. Every one should have a place called home. Grant efforts had been put forth advertising this sale through different papers and ere the dial on the clock pointed to 12, fully 3,000 people had gathered on the grounds, which lie west of Fisk University, occupying one of the most beautiful sites about Nashville.
This sale was not to begin until one o’clock, but the crown had grown so large and impatient until the management decided that it would be best to open the sale one hour earlier. It was almost like opening public lands in the far West. Each group of people could be seen here and there selecting their future homes. Truly, the Negroes have decided to get some of this world’s goods, and judging from the hundreds of youn, able-bodied, well-thinking members of the race who invested on Washington’s birthday, it will not be long before the tax list in Nashville will show that every male member of the race who has attained his majority will appear thereon. It is learned that fully $42,000 worth of real estate changed from the Abraham Lincoln Land Company to individual owners on this day. Not more than two lots were sold to any one person. The lots rage in prices from $175 to $300. Thus, it can be seen that a large number of lots was disposed of. It is already learned that some of the purchasers will begin the erection of their homes in the near future and will stop rent as soon as possible. The demand has been so great that this same Company has decided to purchase additional lands in the same vicinity, as ther is another desireable tract of land just adjoining Fisk University Place, which would increase the size. Rumors are wild already that the Nashville Street Hallway Company will extend Jefferson street car line, allowing it to pass Fisk University Place, making a loop and coming back into Jefferson street. If this is done, it will bring the place within ten minute’s ride of the Square. This seems to be the only rival of West Nashville ever opened, and with the wide alloys to the property and excellent streets that will be out, there will be nothing left to make this now sub-division all that is expected of it.
Only about seventy or one hundred lots remain unsold, it is learned that applications for there are homes made almost daily. The Company has already opened offices on the grounds and will answer in person, inquiries made at the place or by phone or otherwise inquiries made in the Arcade office down town.