The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-05-26
DOWNTOWN LOTS
MUCH IN DEMAND
Business Sites Wanted, and Even
Church Property Is Being
Bid for.
BUSINESS IS EXPANDING
Y. M. c. A. Has Done Better in
a Business Way Than
1t Knew.
BUSINESS IS EXPANDING

There Is keen interest among real estate
agents-a kind OF guessing excitement
as to what Is to be the outcome OF several
recent extensive deals that have been
made. AS announced in this paper, Mr..
Harry D. Eichelherger has purchased the
Valentine property, corner of Broad and
Ninth Streets, running back to Capitol
Street, and various people are on tptoe
to get a hint as to what, he is going to do
with IL. There are all kinds of run1ors.
one OF which Is that Mr. Eichelberser
is going to build an up-to-date hotel. 1t
Is natural that there should be such a
rumor for every time a man buys enough
ground upon which to build a. hotel the
conclusion Is Jumped at that a hotel is
going UP. II all such rumors should
prove true Richmond would In short
while have more hotels than any city In
the country. Considerably moro than Its
needs call for
Mr.. EHchelberger does not see proper
to disclose his plans at present and no
the property, but 1t Is quite certain that
he will not put hotel on 1t. The prob
ability Is that for some time to come he
will let It remain Just as It Is and col
lect the rents with the same regularity
that was noticeable In the business trans
actions Of the former owners.
All kinds OF downtown real estate
see,ns to be on a. boom and recent deals
have added to the interest.
Main street property, say from Fourth
to Sixth Streets, Is Just now In the pub
lie eye. Business Is moving up Main and
far-sightad business men are looking there
for business sites. ri.
II Is said that the agents who have
property in the limits named on their
list are .hooded with bids and PROPOSE
tons.
Handsome Sum Offered.
On the y. NJ c. A. property 1t Is said
that s45, 900 has been offered definitely
by a big concern. which seems very anx-
ious to close q bargain with the board
OF directors. For the property adjacent
has been offered and has been declined.
This has decided the board OF directors
to hold the Y M. c. A. property for
$1,000 per foot, and the board Is conf
dent that this price can be secured. rms
magnificent piece Of property Is sc feet
inches In length on Main Street, and
runs back on Sixth Street for distance
OF 100 feet and four inches.
It Ia also rumored that the directors
have been offered a considerable profit
for their new property on the northwest
corner of Seventh and Grace Streets; but
the offer has been declined, the board de-
Gliding that the property Is too conven-
lent for their purposes and too valuable
to give up
Another Good Offer.
It may be stated further. on good au-
thority, that the First English Lutheran
Church has been offered $4,000 for its
property on the northeast corner OF
Seventh and Grace Streets, but has de-
clined the offer. This valuation will
make the new property Of the Y. NJ. c. a.
on the opposite corner, which was pur-
chased last October for $40.750, worth
probably considerably over $4,000 This
fine piece OF property has a frontage
on Grace Street OF more than 81 feet
and runs back on Seventh Street for
more than 100 feet.