The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-06
ANOTHER Big
REAL ESTATE BOOM
A Large Tract of Suburban.
Property to be Improved.
HOMES ON VERY EASY PAYMENTS.
A Boston Land Firm Has Purchased
Largely on the Brooke Road aud
Will Offer Many Induce
meats to Build a Town.

Richmond is about to enjoy y new sem
saiion in the way of a real estate boom.
Within the next week q new property
will be placed upon the market by the
well known suburban operators Wood,
Harmon q Co.. of Boston. They have
Just purchased from Mr.. Leroy Brown
junior member OF the firm OF J. Tbomp-
son Brown & Co., the magnificent tract
OF land located at the intersection OF
Brook road and Laburnum avenue and
directly opposite the handsome residence
of Mr.. Joseph Bryan. The property VIII
be sub-divided into handsome building
lots and will be known hereafter as Ell
don Park.
Wood. Harmon & Co. enjoy the distinc-
ton of being the largest real estate ope-
rators in the world, having successfully
opened firty-slx residential suburbs In
twenty-five of the principal cities
of the Union. Their plan OF sell
ing real estate Is very unique. and they
offer inducements 10 purchasers whlch
will be both startling and attractive.
Mr.. c. L. Wood. the senior member OF
the firm was seen by a repre- sentative CT
this paper yesterday at the Jefferson. Ia
speaking Of their methods he said: Our
system Of selling real estate, In It's pres
emit perfected estate. is the result OF ten
wears experience, in which we devised
p plan of easy payments, whereby people
of moderate means could become the
owners OF high class suburban properly
without much outlay OF capital. In Iaet'
a we have arranged IL, a prospective buy-
or needs very little money 70 begin with.
Our first payment Is only 81, with weekly
payment OF one per e of the price OF
the lot bought. You see, our extensive
interests make us virtually wholesalers
Of land. We are constantly on the look
out for high class property. and II can De
readily understood that we are able 10
buy as low as any one IN the market
This enables us to sell at rock bottom
figures.
I'm addition TO this, we offer 2 list OF
unloue inducements to purchasers-such
as A free deed in case OF death, b'lJO IN
cash prizes TO builders, nontorfeiture
from loss OF employment, free car rare
until 1900, pay all taxes and charge no III
terest for two years, besides making eX-
tensive free ACKNOWLEDGEMENTS OF
well graded streets. crushed granite side
walks. planting Of shade trees. &c.
Z" 'Eldon Park is undoubtedly the
finest and best improved section in this
vicinity; in fact, l never saw one 10
equal it anywhere. The vast sums or
money spent for improvements by the late
Lewis Ginter has transformed that Sec
ton into a veritable paradise, and we
should DO all in our power 20 make our
improvements conform to the high stan
dard established by him.. One or the ad-
vantages i'm living at Eldon Park VIII be
the excellent quality Of water 10 be had.
Large mains extend the entire Brook
road frontage, which supply the finest
and purest quality Of artesian well water.
"Our opening day occurs April 18TH,
but from all indications a great many lots
will he sold before that date. We want
everybody 10 see this charming place and
have arranged to give free car tickets TO
all who call at our office, No. IA north
Ninth street"
Asking Mr.. Woods opinion as TO the
probable effect OF war on real estate, he
replied:
I'VE have no apprehension that war Will
hurt us in the least. Suburban real es-
tate IS. as a matter of fact. one of the
best investments a person can make. FOR
the reason tina It cannot be destroyed by
fire. water or the elements, neither can
II be included among the plumber or
some Ascending bank. building, loan or
security company's official. Land never
hangs trembling In the balance like other
securities. 1t has a fixed value and Is
proof against the fluctuations OF the stock
market"