The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-12-20
one makes it very much worth their
while to turn loose.
THE YEARS TRANSACTIONS

the years transactions In real estate.
in this city alone, amounted to Sl,0i1, 52i.
while for Norfolk county, during the
same period. the grand total is, s1,570,S6
Portsmouth city's showing Is $4O2. O60.
Large'sales of farms and trucking lands
account for the large amount shown by
the countyS deed books.
The market has been especially active
during the past few weeks, the total for
the week ending December 9th being
$40, COO.
One of the largest deals was the sale
of the property at the corner of CRANKY
and Plume streets to the Montiello
Land ana Improvement company, which
is now erecting on that site the Month
cello hotel which will cost close to $780,
600. The property which 1t will occupy
cost $4,000. Besides this the past ycur
haSwitnessed the contamination of sevv-
raj other large real estate deals, and it
is said that the year 1897 will witness
even greater number.
BUILDING AND IMPROVEMENT
There has been great activity in the
building of business blocks. On Main
street the handsome gray stone front
building erected by Mrs. Mary Il. Wal
ters and the remodelihS and practical
rebuilding of the Talbot building, on
West Main street.
The elegant stone block erected at
Water and Jackson streets by Mr. David
Lowenberg at cost Of $4,000 was com
hNtSN tiis' Ssti. lc lIDhcNDcTE bIOck
ana Botetourt street, near the Client
bridge. which will be used for n Casino,
has been almost completed since jan
uary.
The splendid church cdifice erected by
the Epworth Methodist congregati ton, at
n cost OF nearly $5O,0U0, was also COM
pleted this year
The large and modern brewery of the
consumers company is another 1896
structure.
IIan n
bleton Ward. has also been constructed
this year. The Southern railway and
Old Dominion Steamship company have
also made extensive improvements to
their wharf property.
HANDSOME RESIDENCES.
The construction of handsome resi-
dences has also formed an important
feature OF the years work i'm the build
ing line. Client is rapidly being solidly
built up and in other sections of the
CITY the work is being done. On Butte
street the McCaryick block of five Gle
CANT gray stone residences have been
built this year, and several other hand
some residences have been built In that
section.
A HEALTHY BUSINESS.
Mr.. Thomas Townsend, president of
the Real Estate Exchange and the Sc
Nor member of the firm of Townsend 4:
Joynes In conservation with n Virgin
/
tate business In Norfolk Is looking uD
very encouragingly. We have never had
anything to complain of. All during the
duh season things were active and now
me! are assuming even a more cheer
tul aspect than ever before.
WANT TO COME HERE.
II am now in correspondence and
have been for some time with many
people in the North and West, who de-
sire to invest here, or to buy homes
and settle. Farming lands also seem TO
be in excellent demand
Next year will mark an era in the
Gitys commercial prosperity In fact.
think we have already entered upon
1t.
"A much better feeling has prevailed in
the last few weeks regarding both real
estate and building. have made seve-
raj large sales In the last two weeks
ana other agents have done so. too.
There is very uniform expansion of
the city In all directions. money is easily
gotten on good real estate
Contractors are al anticipating very
large increase in building during the
coming season. and are making ar.
rangements 10 meet the demand"
GREAT STRIDES.
Mr.. r. c. Byrd, of the firm of BYRD.
Baldwin & Co, speaking of the pros
poets and reviewing the years progress,
said: with all the cry of dun times
people VIII De surprised to look around
them and see what has taken place in
their midst. Everybody who thinks the
l-ambert's Point development was n
boom should go down there Fifteen
buildings have been constructed there
within few weeks. The class nj build
ings is improving. too. People are erect
ing substantial and handsome dwellings.
Norfolk is attracting more attention
from the outside world now Than eyer
before. We are constantly receiving let
ters asking about property and invest
mentS.
ACTIVE NEXT YEAR.
Real estate transactions7l 1851 Will be
larger than they have ever been before.
They Will principally come in the shape
of big deals. | know of several such
projects OH foot already which will un-
doubleday be contaminated within the
next year.
Personal observation and FREQUENT
visits to the large cities, OF the country
convince me that Norfolk real estate is
on firmer, sounder and more honest
basis than the realty of any Of these
cities, and that our prices and values
are real and not delicious
"a notable fact is that in the midst %.
dull times and falling prices when
every kind OF security from land To-
stocks and Government bonds have all
gone tumblins down, Norfolk real es-
tate has remained mistaken. and to-
day all business property in ;his city
Is worth more by far than il ever was
before. This fact is conc!usive.y proved
by actual sales. The prices paid show
q I. 4.