The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-09-01
ROANOKE VA, TUESDAY MORNING. SEPTEMBER l. 1891


In order to avoid the erection OF
dwellings which might prove out of
character with the surroundings, build
ing restrictions will be imposed varying
from S60O to $500, according to tie
location.
Here, as elsewhere on the property, it
is the purpose of the company at the
outset to put on the market less than
half of the lots, rcserving the remain
der in order to share in the profits. as
already mentioned. 1t will, therefore,
be to the compauy's interest to macao
amize its streets and introduce such
other improvements as will enhance the
value of the reserved lois, as we'll as
those sol F, and there is every reason to
believe that this section will become
the most valuable residence quarter in
Roanoke.
BUSINESS QUARTER.
The Company has laid off as bust
ness quarter q part of the level lands
along the Roanoke river, lying opposite
tho Furnace. Muck, Bar, and Rolling
Jill of the Roanoke Iron Company.
This part of the property is centrally
located with regard to the great manu-
featuring development in the West End,
and is connected with the other parts of
Roanoke by tho main bridge on the
east, and with the Riverview tract and
property Of the Roanoke Iron Company
tabove mentioned) by another bridge Of
iron now completed. 1t is also con-
venientlY located with regard to tho
residence section OF tho property, and
to the adjacent manufacturing sites.
1t has long been recognized that
Roanoke's future precedence as an in
dustrial center is further secured on acE
count of the fine bottom lands extcnd-
ing along the river, and a large portion
OF which arc included in the property of
the Roanoke Development Company
Tho Belt Line of tho Norfolk and
Western railroad passes directly through
this section thus affording to the manu-
featuring and mercantile establishments
located here the requisite transporta-
ton facilities.
Already the advantages OF the loca
ton have attracted the following i'm
portant indus .ries:
Norwich Lock Manufacturing Com
panY, OF Roanoke, Va, employing 800
hands.
Bridgewater Carriage Company, en-
ploying $50 hands
Duval Engine Works. employing 100
men.
Total, $50.
The aggregate capital of these indus
tries exceeds s45O,OOO, and, as shown
above, they will employ $50 hands:
Their buildings are now in course Of
construction.
AS the furnace and rolling mill, which
are situated directly opposite this Sec
ton of tho property, will employ 500
men, the number of hands employed in
this section will aggregate fully 1000
at the outset, iustifying a population of
| 5000. This population not only assures
large demand for the company's lots,
but will bring custom to almost every
line of trade, and thus result in tn }
immediate improvement of the business
quarter of the property.
RESIDENCE LOTS FOR EMPLOYERS
In view Of tho industries already estab-
! lished, and the many others which are
de 'tined to locate here, the company
has laid of an adequate numbe of LOT
which, on account OF their convenient
loca ion. are admirably adapted TO-. the
homes Of employees. A limited number
Of lots arc now placed on tho market at
very reasonable prices, which should
yield most sati; factory returns TO the
purchasers. Plans of the property arc
in the hands of the prin ,ipal real estate
agents Of the civy Of Roanoke, and also
at the Office of tho company. For fur
ther particulars apply to Arlington
Gilpin, general manager, Roanoke De-
velopment Company, Roanoke, Va.