The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-11
REAL ESTATE AND
BUILDING NEWS
Activity in Richmond Realty Was
Because Excitement is On
An Increase.
NOT ALL IN LEE DISTRICT
Bordering Territory Has Caught
the Fever and Others Are
in Swim.
NOT ALL IN LEE DISTRICT


The real estate activity has reached
stage that may properly be termed
real estate excitement, and the buying
and selling is going on with daily In
oreasing animation and yigor.
This character of trading. while not
confined entirely to Leo District and
that immediate neighborhood, finds by
far It's greatest rush there. Monument
Avenue and Allen Avenue are all excite
ment, and have been all the week. While
the property abutting on the first named
thoroughfare has been the star trad
ing ground of late, other Leo District
property has been moving at very
lively gait. All the streets In that neigh
borhood are prominently in the swim.
West Grace Street, between Lombariy
Street and Addison Avenue, jumped into
prominence on Thursday, and since then
has wed with Monument and Allen Aye
rues for high position on the list of ~
tensely actives. 1t is said that in dollars
and cents. about 500. COO worth of West
Grace dirt has changed hands since
Thursday. Some of the lots changed
rs many as five times, and nearly all
that were sold had more than one owner
during the week.
West Broad to the Front.
West Broad Street, between Meadow
and Lombardy. had a similar experience,
and that locality was particularly active
yesterday. The buyers and sellers COM
menced business on West Broad early
in the morning. and by noon sales foot
ing up $4,000 had been recorded.
Lots so located as to be available for
business houses on Broad. west OF the
Masonic Temple, also got into proni-
nence, and much business was done in
that class of property.
Taken altogether, a conservative cstl-
mate of the amount of real estate bust
ness done In Lee District and environ
ment last week puts it at between $4,000
and $4,000
OF course, very much OF this business
is speculation, pure and simple. but spec
ulators do not buy goods looking for a
profit OH them, unless they have good
reasons for thinking that the goods are
all-wool and a yard wide and that tne
looked-for profit is in them.
peculiar phase of the real esta tie
situation In Richmond remarked Mt.
Leroy Brown, of the firm of J. Thompson
BroWn and Company, was developed dur
ing the past week from the fact that the
81 JUN VI safes WAS shifted from
Monument Avenue 10 other streets and
sections. caused partly by withdrawal
IRON sale of much property on that popu-
laf avenue, TO be held nj higher figures:
the taxing UP of many lots by parties
VINO intend TO build and whom tempting
Drohts VIII not induce to part with their
holdings, and the realization of the fact
ny investors, spectators and others that
property in other sections being relatively
II tNHaDer r,,,ur uis,e,
and was. in fact, too low in price. COM
pared with prevailing prices ON Monument
Avenue
Not All Speculation.
Messrs Brown and Company report
among other sales that OF two tracts sold
Yesterday west of the Boulevard for
$4,000 to several parties. one of whom
Buys FOR investment and speculation, and
Tho others for the purpose of erecting:
iine colonial hotees for their own occu-
paney and latge' areage, pretty and
spacious lawns. flower gardens, &c viii.
ne marked features. Mr.. Brown did no,
leci disposed TO disclose at this time the
lame of either seller or purchaser hut
added that the improvements would be
handsome and fill large vacant spot.
contracts had been signed and delivered
ana counsel employed to examine titles.
ana the party hope to break ground
March LIST for the buildings.
WITH so many people having bought
iots 20 bulid homes and so many buying
Tor that purpose, il Ii hardly neoa..,y,,
TO say that building is active Tho sir,rJo
TACT is that every architect and every
contractor in the city has lust az much
business on hand az can Dossihly he /, l.
tehded 10, ana II begins to look as q
there must be fresh arrivals of contrnc
,ors ana 'neehanlcs to meet the demands
No ~
the building situation
Did Wonderful Business.
Among the agents who did the bulk Of
me business TINS week We're Messrs Pol
lAa ana Basby and James D. Carneal
Aha son Messrs Pollard and Bagby did
q business OF $4,000 one day. and their
business for the week viii run I'M in six
lgres, Messrs. Carneal and Son state
that the week closing last night was the
heaviest In their history. They figured
heavily In West Grace. Broad and central
property, and their total sales for The
past week will run over $4,000.
Among the largest purchasers OF Lee
District property last week were Messrs
W. Z. and T. G.. Schmidt, Charles a.
Brown, Henry Walerstein. Harry Eichel.
burger and r. II. Harwood
Among The sales of the week are s25. 900
worth Of Broad Street s.ore propcrty.
which will be built upon this spring.
There is a crying need for several stores
in Lee District, The residents are com
planning Of laviog to send so far fo
table necessities,
Charles a. Rose Company report a ver
active week. Among their sales wer
No. i42i Floyd Avenue to Mr.. william
keirfaus, 70 $500; No, l022 and 1924 Byr,
Street, to ". S. Fprues FOR SIS NJ,
Forbes purchases this property in order [
erect cold storage and ice pant. rh
firm also sold y feet On strawberry. nea
Ivy. at yery handsome figure.
West Grace Property.
The ". Z, Pizz!nl Company sold Fraa
the house No. S1 10 West clay Street. ,
n, john N. Senzel, Tor $500
ES-Alaerman " II, Zimmerman was
TN THE STUD,
The itnnnrtrd Soanish' lacts Epcr.u,t.