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The project for a new privately owned dormitory to rise on the corner of Mt. Auburn and DeWolfe Streets has completely collapsed, according to information recently obtained from the promoters of the scheme. Plans for the structure, which was to replace the frame houses now standing opposite St. Paul's Catholic Church on DeWolfe Street, were announced last April, and it was understood at that time that the construction work would begin within a few months.
Tentative drawings had already been prepared by the Sterling Realty Trust, possessor of the site of the proposed dormitory, which called for a $400,000 building fitted out with the most modern conveniences. The new hall was to be managed more like a hotel than a regular college dormitory.
Inquiries this fall into the progress of the scheme have revealed the fact that the original promoters had bought up considerable land--in Cambridge and nearby cities with a view to extensive real estate development work. The proposed private dormitory on DeWolfe Street flanking Westmorly Hall was part of this project. The land was purchased by what are commonly known as shoe string methods, however, and the mortgages which were taken out to finance the promoters scheme, have been fore closed. The property has now passed into other hands and the dormitory project has been definitely abandoned.
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