Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-09-14
A BLOCK OF ELEVEN.
PRESSED BRICK STORES PLANNED
Fon ALLAN LOT.
FORTY OR FIFTY OFFICES.
-Four Brick nay-wfndow DWELLING.
to Face ON Fifth street-Rea1t,
md Development Co, of Rich
mond, the purchaser-Just Char
tered.
FORTY OR FIFTY OFFICES.

The Richmond Realty and Development
Company, which was chartered yesl e.
aay afternoon in the Law ana Eauias
Court by Judge e c. Minor, is the i'ut :
chaser OF the Allan lot, at the cotne.
of Fifth and Main streets. ano 1t is sta.su
authoritauvely that Inc proPetts, nv,
Is among the most valuable in the CITY
viii be improved Immediately. with eleven
white dressed brick stores. over Whlcu
will be located rooms for forty OK niss
handsome Offices. while facing On f1lth
street there will be several handsome resi-
dences.
The company is chartered for the pur-
pose of purchasing, leasing, holding, sell
Ing. and improving real estate, and the
CAPITAL stock is limited to 100000. and
not to be less than 100000. to be divided
into shares of the value of 500 The com
is restricted to the ownership OF
a.ore Than 1000 acres o. land at any one
Time, and the home Office is to be locatea
in Richmond.
lows:
Leon L. Strauss, Of Richmond, presi-
dent; Herman Myers. of Savannah, Ga,
vice-president; J. D. Lecky. of Richmond.
secretary and treasurer. These. with q.
J. Sands. are to constitute the Board OF
Directors.
improvements in View.
The improvements contemplated by
these gentlemen include eleven white
pressed brick stores with paneled ceilings
will front Main street, having handsome
plate glass fronts, granolithic or tile
floors. and extending back seventy-threc
feet TO wide court or alley. Or the up
per floors will be forty or fifty Offices so
arranged as to be en- suite or single, with
q wide Main street entrance ana ample
toilet and retiring rooms for both sexes,
electric lights etc. -Four modern brlck
bay window. granite trimmed, dwellings
will be built, fronting on Fifth street
An elaborate steam heating plant fur
nishing heat for the stores and offices will
also be installed, and will be included
with the rentals as we'll as janitor's at
tendance, thus doing away with servants
and annoyances of fire for heating pur-
poses.
Architects are not at work on the plans
and specifications. and just as soon as
they are ready bios will be received for
the work, and it will be pushed to speedy
completion. Special attention is being
paid to light and ventilation, and being
at the summit of the hill. with unob-
Etructed views, the offices and dwellings
VIII be most comfortable and attractive.
Renters Appear AISendy.
Messrs. ]. Thompson Brown & Co.. the
agents who made the deal, will have the
rental OF the property, and state they
are already in negotiation with several
dentists. photographers. architects, law
yers and other business and professional
persons for offices. also druggists Jewel
leTS and others for the stores, and have
parties asking options on the dwellings.
The purchasers, some of whom are
citizens of Richmond and Mayor Myers,
and his brother Of Savannah. Ga. were
represented in the negotiations by Mr.. l.
l.. Strause, wealthy tobacconist of this
city, who is also largely interested in the
enterprise.
Mr.. E. Raub, who has been mentioned
in connection with the matter. considered
the purchase Of the property aft>ut the
time he bought out his associates and
built the handsome Raab block, corner
OF Fourshee and Broad streets. but as
far as known. had no interest in the pres
ent enterprise. Messrs. Brown & Co. state
emphaucally that these are not the same
parties whom they intimated would pur-
chase the ldanewinkle building if the
owners would consider q sale. and they
still have another client who will pur-
chase any large piece of Main street pro
Perty at a reasonable price. it will thus
be seen that Main street property is mucn
appreciated by investors and others ami
an lew years great and important
chenges Will be made on this. cur princi.
val business highway.