Word: pancoast
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Dates: during 1940-1949
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Died. Thomas Jessup Pancoast, 76, pioneer developer of Miami Beach; in Moorestown, N.J. A leader in the project of transforming the mangrove thickets across Biscayne Bay into fabulously valuable real estate, he grew wealthy as a speculator and property owner, was the first and lifelong president of the Miami Beach Chamber of Commerce...
...Miami Beach, where sites were priced at from $800 to $1,000 a front foot; lots on Lincoln Road (Miami Beach's swank shopping street), which went begging in 1931 at $15,000, were selling at $35,000 to $50,000; glittering caravansaries like the Pancoast were charging $15, $20 and more per day; and up 35% was Miami Beach's garbage, reli able measure in most resort towns of tourist trade...