The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-13
REAL ESTATE AND
BUILDING NEWS
Som, Large Deals Have Been
Made, But the Dealers
Are Reticcnt.
MORE HOMES ARE NEEDED
Holders OF Property Have Ac-s
CURED Inflated Ideas OF Value
Of the Same.
MORE HOMES ARE NEEDED

There has been decided activity In the
but the activity was largely behind Office
doors, and the sales made being private,
1t was difficult to obtain particulars.
However, a quiet tip led to the belief
that there had been something doing in
West End property. and that the real
estate firm Of j. Thompson Brown & Co.
knew much about 1t. 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 Mr.. ]. q. PAGES entire
holdings in tho West Snd. being between
sixty and seventy lots. located in the new
annex on Jacquelin. Ashland, Blair and
other streets.
They declined to mention the name OF
the purchaser or price OF the land in
yolved, except to state that the prices
were satisfactory to Mr. Pace. as well
as to the purchaser of the property. and
that the lots were bought solely as an
Investment. Some of them will be at once
improved. and theothers offered to actual
home-buyers on such attractive terms
that none but the most slothful can have
an excuse to be without cltv home site.
This large sale. coming so soon on the
heels of annexation, is a significant ind!-
cation OF the great activity and enhance
ment of values that can consequently be
expected in this section In the near fu-,
ture. When the city gets to work on
pavements, sewers, gas, water. ETC., what
has been up to this time apparently an
uninyiting field. will begin to blossom
like the rose and new improvements
spring up like magic. Just as was the case
In tho Lee District. The Ashland Street
cars already run through the centre OF
the property. making it accessible to all
parts of the city. which is rapidly grow
Ing In that direction. while Reservoir
Park and the new lake (now being built)
lie just beyond 1t.
Manufacturing Plant.
Being questioned somewhat closely re-
garding an unconflrmed report that. they
had very recently sold a large tract OF
land involving as much as 5000, Messrs
Brown & Co, admitted. that such a sale
had actually been closed. The property
is located In the. West End and it was
purchased by one of the most substan-
tial and philosophical citizens of this
city, who has the general welfare and
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 !,
purposes and bring to the |
city n business that will distribute more
than a million dollars a year, was in
CURED about. Mr. Leroy Brown closed |
his mouth like n clam, but finally, find !
ing that the reporter really knew some-
thing about the deal, he said:
"Well my friend, I am sorry cannot
Mt this time give you any particulars
as to that. Do not think + am unoblig- |
ing MS I appreciate the motive which
makes you ask the question, and espe-
cially the progressive spirit of The Times
Dispatch In desiring this information as
an item of general news; but it would |
possibly be breach of business conf
dence to mention particulars. If 1t will
do you any good, we will admit that q |
contract of sale was signed last week
for the sale of 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, but larger and /
new buildings will be erected and a new
added to Richmond, now hands
employed, and at least s25. 900 worth of a
kind Of machinery nut In. That
Is all I can say ut present. but 1t Is
enough. to make you feel good, like my
self, and later on we will he glad to give
(NfNtNt itNtya IN..s p =