Nye Park

Nye Park

The information below in the table is culled from
S.B. Nye Co. and Nye Park Co., “Nye Park : Buffalo's New Residence Section, Overlooking the Park Lake in Beautiful Delaware Park”
B&ECPL Digital Collections (accessed June 28, 2018)

Creators:	S.B. Nye Company, incorporated in 1909 Nye Park Company, incorporated in 1909 The outlined plan insures the carrying of the land for 2 1/2 years, during which time all improvements will be installed, streets and avenues laid out and beautified , and the land prepared for the market and immediate use. During this time the plot will be well advertised and placed upon the market for sale.
S.B. Nye Company	- The purple of the organization is the purchase, development, improving and marketing of a plot of land containing nearly 16 acres, lying just north of Delaware Park and east of Elmwood Avenue, being a portion of the Pan-American Exposition site. - The corporation has an authorized capital stock of $150,000 divided into 1500 shares of capital stock. - President Sylvanus B. Nye: "... his very successful handling of the Pratt properties fronting on Colonial Circle, Lafayette Avenue, Delavan Avenue, Pascal Street, and Barnes Street..." - Purchased 31.866 acres of land - Corp has issued 75 ten-year coupon bonds of $1,000 each for a total of $75,000. - Bond purposes: $30,000 Land purchase $20,000. Improving land, plotting, grading, laying out streets, paving, sewer, water, gas, sidewalks, trees, etc. $3,000. Reserve for taxes $14,000. Reserve for payment of carrying charges on First and second mortgages got 2 1/2 years $3,000 Cost of maps, plans, advertising, expenses of incorporation Total: $7,000 $5,000. Reserve if needed
Nye Park Company	- Purchased 31.866 acres of land bordering Delaware Park on the north, lying just east of Elmwood Avenue and the Buffalo Historical Society. - An Authorized capital of $500,000, divided into 5,000 shares of common stock. - The corporation will issue $250,000 of ten year six per cent bonds, secured by second mortgage covering all its property and being a lien thereon second only to a purchase-money mortgage for $209,195 to be given by the Company to the estates of Bronson C. And Dexter P. Ramsey, the former owners of the land. -- Bond purposes: $100,000 Land purchase $70,000. Improving land, plotting, grading, laying out streets, paving, sewer, water, gas, sidewalks, trees, etc. $9,000. Reserve for taxes $5,000. Reserve for payment of carrying charges on First and second mortgages got 2 1/2 years $56,000 Cost of maps, plans, advertising, expenses of incorporation Total: $240,000 $10,000. Reserve if needed
Location:	- Residential real estate development in the area formerly occupied by the Pan American Exposition, 1901. - The property contains nearly 50 acres, bordering on the north bounds of Delaware Park, a pleasure ground of 362 acres in extent with the magnificent Gala Water covering nearly 50 acres, thus giving the land of the Company AN OUTLOOK OF SCENERY unsurpassed. The beauty of this section was admired and commented upon by the many thousands who visited in 1901 the Pan-American Exposition - Neighbors: Albright Art Gallery, Buffalo Historical Society - North Lincoln Boulevard (future Lincoln Parkway) is 120 feet in width, and leads directly from the statue of David, just north of Gala Water (future Delaware Lake, then Hoyt Lake) - Lincoln Parkway, which the main approach to this beautiful section, will extended along the easterly line of this property under name of North Lincoln Boulevard. - 1909 transportation: Elmwood car line - Buffalo is a large City at the present time ... Lying as it does, at foot of the Great Lakes, it has a commanding position in commerce, and to-day is the largest port on the Lakes, and one of the important ports in the world. Its situation, midway between immense coal and iron deposits and adjacent to the unlimited electrical power from the Falls of Niagara, twenty miles to the north, gives it unparalleled advantages for the manufacturers steel, iron, and allied products and makes it one of the most important railroad centers of this country.
Restrictions:	- Land shall be used for residential purposes only. - Not more than one dwelling per lot - All dwellings facing Amherst St, University Avenue, Fordham Drive, Chatham Avenue and on the north side of Middlesex Road to be located not less than 30 feet from the front street lines - All dwellings facing North Lincoln Boulevard to be located not less than 35 feet from the front street line -All dwellings facing Nottingham Terrace to be located not less than 40 feet from the front street line and not less than 10 feet from the side lines - All barns and garages to be located in the rear of subdivision lots and not erected within 10 feet of Elmwood Avenue.

Gala Water (future Delaware Lake, then Hoyt Lake)

"University Avenue" changed to "Bedford Avenue" and extended to Elmwood Avenue ... Monterey Avenue never constructed ... "North Lincoln Boulevard" changed to "Lincoln Parkway" ... Note difference in lot sizes