The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-04-08
REAL ESTATE AND
BUILDING NEWS. n |: \ )
Recent Large Investments in
Richmond Property Have
Changed Drift-of Things.
Will ERECT GREAT PLANT
M. S. Forbes Buys Whole Block
Of Small Dwelling East
Byrd Street.


uhc people who watch closely the real
estate market and the building opera-
tions in tic city with an eye TO Keeping
Eii. tile swim and making n good MI %here fl'
Tho tide seems to be most favorable nave
&tcLn kept guessing during the past week.
,i'l,at somo big deals for ground room ,'o1t
ana for stcs for business houses il' ana y
tnudsonle residences are on the str'ns
AMI liable TO be closed at any moment
everybody believes but Just where on the
map they are Is d matter about which
very few are informed.
The talk OF ten story apartment : :
house near tile corner Of Main and
Third streets, has had several good peo-
plo guessing and specializing for1ten days
past and, then the sale Of the old Bl)ou
Theatre property and its certain con
version to uses not looked for. lias had the
effect to upset some we'll laid plans ana
f to throw some traders Into n mild state
OF confusion. Sometimes when q man
thinks lie has d dead straight tip and
wakes up to find that he has been away
OF the track all the time he is liable TO
lose confidence in his own power ot
mind reading orr whatever he calls his
supposed second sight.
Several lookcrson and possible traders
have been thrown of their guard lately
By the slolid silence OF. ether traders and
the real estate men, who have been en-
ginecring deals, but they trim thelr
sticks and go right on guessing again
and there is no end to trading,
THAT some people are reaching the
conclusion that property s2Hdeau tIov
hl some localities MS compared viii
the figures prevailing In other sections
there IS no longer any doubt, and the
tendency. during the past week has been
10 look into this matter and take advan-
tage Of the situation. The tide Of i'm
provcmcnt in city can change, and
often does change, almost as suddenly
as the tides OF old ocean and there are
real estate experts, and heretofore far
sighted lookerson who think there Is
no good reason why ground may not
become just as valuable in the northern
side OF the city as In tho southern Or
western sides. "A 5ss s5 n. I, y Il
North Of Broad Street.
Tie, i is more nauirSGfor Clay,s leigh
and Marshall Street property than there
was some time back and one very stute
real estate man was heard to say#the
other day that he believed the time IS
not far distant when business sites In
that quarter will be sought after with
hunted up on Main or Broad Streets,
Business has got to SO some where
he said, land Broad and Main are now
overflowed. The volume OF business
keeps growing. new men arc coming In
and where are they going? They will
hardly go to the West End or to the
East End to do business. They are Just
bound to get on the other side OF Broad
and over to Clay, Marshall and s Leigh.
Business cant remain in It's present mar
row territory
Activity In residence property continues
without aba tencnt and as the new homes
that are being built In the Lee District. In
the West End and In the suburbs begin
TO rise up in the air other home makers
are rccatching the quick building fever, and
as a result the real estate agents report
| increased inquiry for this character OF
| property. III
The architects, too, report great activity
and the contractors are kept busy
figuring on handsome and coy homes
that must be built this year IL possible.
The strike of the workmen In the sash,
blind and door factories hes not yet
affected the building boom. and It i Is
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