The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-17
GREAT DEMAND
FOR RESIDENCES
Agents Say They Cannot Keep Up
With 1t.
GOOD WAY TO SPEND MONEY!
Many Buildings Beiug Erected, bu. Not
Enough 10 Accommodate the People
Who Are cIamoring for
Homes.
GOOD WAY TO SPEND MONEY!


the real estate situation. People are al
most cIamoriug for houses which they
cannot get. and while the amount OF
building now going on in Richmond is
greater than for ears, when completed
the houses now ~~Eurse of construction
will by no mea apply the demand.
Real estate eeIits are forced every
day to turn down applications for houses
Some of them have not had a good house
on their hands for months, and while
uniInproved real estate has been In de-
mand during the year, and a large number
OIL houses have been erected, many Of the
agents deplore the fact that very little
money. comparatively, is being put In
dwelltng-houses save for occupancy by
the owners themselves
in our opinion" said a member of tho
firm OF ]. B. Elan &c Co., the most prof
liable investment that can be made is in
real estate. Houses are In demand and
good pr.ces can be obtained. The demand
can by no means be supplied. The arcIli-
tects are busy. but they are doing very
little to relieve the situation. Nearly all
their work relates to residences for ciu-
zens who are to occupy their own houses
and business Improvements and to wors
cut OF the CITY.
The cause for such 4 demand, IN our
opinion. said Pollard and Bagoy. "is tho
fact that SO many people have been
brought to the city during the past year
or two by the various industrial enter
prises. The Locomotive Works. the Ship
yards, the railroad companies besides
other interests. have been the occasion
of many families coming here, and we
:, y,In th hoo III
houses are crowded with families and peo-
pie are doubled up who would spread QUE
If they had the place to spread. Money
invested in residences is money we'll In
vested.
\ member of the firm of J. Thompson
| Brown and Company said: Several years
ago when times We're not SO good, peops
doubled up Families got together and
| occupied parts of houses. Rents were
not as high. and good homes were secured
at so which put the rent of each family
down to sic. After While times became
/ better and the families who had been
forced to economize. felt able 10 spread
out and they did SO. Then the vacant
| houses were taken up. and now there are
no healthy good homes In the city for rent
at low rates.
Mr.. George T. Bland. of King and Queen
county. near West Point, is having his
| residence improved. The c. l.. Hewitt
! Painting Company, of this city. has just
| completed the painting and decorating.
| The old barber-shop at No '26 East
! Main Street will be remodeled and retitt-
| ed at once and reopeued as q white par
| ber-shop under the mana cement OF Geo
Lewis.
| J. s. Eianl and Company will. at =
! O'Clock tomorrow afternoon. offer for sails
| lot of property in East End. between
| Thirty-third. Thirty-fourth Q and +
| Streets
The Mechanics Institute building at
| Eleventh and Broad Streets. Is almost
ready to be turned over to the beard.
The plans for building the E;iks' Eioms
| annex are now in the hands OF the BUILD
| ing Committee, who have been INSTRUCT
| ed to so ahead with their work The COZ
! tract Will not be given out before spring
| Tho c. L. Hewitt Painting Company has
! been stablished at No. 2Ql Governor
| Street. The place has just been put into
! good condition, and the company IS do