The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-13
REAL ESTATE AND
BUILDING NEWS
MORE HOMES ARE NEEDED
Holders Of Property Have Ac-
CURED Inflated Ideas OF Value
OF the Same.

There has been decided activity ia the
real estate market during the past week
but the activity was largely behind Office
doors, and the sales made being private
il was difficult to obtain particulars
However, "a quiet tip LED 20 the belief
that there had been something doing IN
Vest End property. and that the real
estate firm OF J. Thompson Brown O. Co.
knew much about IL. In fact, it became
something OF an open secret that this
firm had negotiated several large deals
IN that direction These gentlemen We're
called upon. and they finally admitted
having just sold Afr. j. =. PAGES entire
holdings IN tho West Sud. being between
sixty and seventy lots. located in tile new
annex on Jacqueiin, Ashland, Blair ami
other streets.
They declined to mention the name Of
the purchaser or price OF the land in
Nolved, except 70 state that the prices
We're satisfactory 70 Mr. Pace as well
as 10 the purchaser OF the property. and
that the lots were bought solely as an
Investment Some OF them VIII be- at once
improved. and the others offered to actual
hOme-buyers on such attractive terms
that none but the most slothfUl can have
an excuse 10 be without CITY home site
This large sale. coming so soon on the
heels of annexation, is q significant ind
cation Of the great activity and enhance
expected IN this section IN the near fu-
ture. When the city gets 10 work on
pavements. sewers, gas. water. etc. what
has been up 10 this tina apparently an
upinviting field. viii begin to blossom
Ike the rose, and new improvements
spring Up like magic, just as was the case
IN thC Lee District Tie Ashland Street
cars already run through the centre OF
the property. making IL accessible to all
parts Of the city. which Is rapidly grow
ing IN that direction. while Reservoir
Park and the new lake (now being bu!lO
lie just beyond #.
Manufacturing Plant.
Being questioned somewhat closely re-
garding an uncOnnrmed report that they
had very recently sold large tract OF
land involving as much as 300 AIessrs.
Brown & CO. admitted that such a sale
had actually been closed. The property
is located in the West End. and il was
purchased by one Of the most substan-
tial and public-spirfted citizens of this
city, who has the general welfare ana
prosperity Of Richmond at heart.
The further report that a large out-of-
town concern will probably use this or
some other recently sold property for
manufacturing purposes and bring TO the
city business that will distribute more
than a million dollars a year was in-
Quired about. Mr. Leroy Brown closed
his mouth Ike a clam. but finally. find
ing that the reporter really knew some
thing about the deal. he said:
Well my friend. 7 am sorry cannot
NJ this time give you any particulars
as to that DO not think I am unoblig
ing as I appreciate the motive which
makes you ask the question, and espc-
cially the progressive spirit Of The Times
Dispatch I'm desiring this information as
an item OF general news. but IL would
ooh. a.r
dence to mention particulars. II 1t Will
do you any good, we viii admit that a
contract OF sale was signed last week
for the sale Of a large plant in the West
End for which the title IS now being
looked into and deeds and papers pre-
pared. The present business OF the con-
Germ will be abandoned. hut larger and
new buildings Will be erected and a new
industry added to Richmond. new hands
employed. and at least $500 worth OF n
different kind OF machinery nut I'm. That
Is all I can say at present. but II is
enough 70 make you feel good like my
self. and later on we will be glad 10 give