The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-19
real ESTATE AND
BUILDING news
Actual Sales Of Ground
Limited; Many Deals
Hanging on String
BUSY BUILDERS
ALL OVER CITY
Many Houses Going Up III Rich
mond and i'll the Suburbs.
Nome-Seekcrs i'll Search
OF Houses i'll and
Around the
q, City.

With the recent change for tho bet
ter In the money market and the adj
vance generally In the prices OF se-
ctiritIes, the local real estate market
is true that the bears have been
active, and they have lost no oppor-
tunity to take advantage OF any ad-
verse conditions, but the holders of
real estate are In splendid shape, and
have shown no inclination to listen
to "bearish argument Tie result is
that buyers are holding off for lower
figures. especially for Industrial prop
erty, while sellers arc holding out
for the old time rates. Under these
conditions the transactions for the
past week have been small In the
main. amounting to something less
than $4,000. The sales were con-
fined almost entirely to smaller prop
erty, such as homes. ranging In price
from $500 to $4,000 IN value. Bush
ness along these figures has been.
fairly good. but the larger deals for
Industrial property, for instance. are
yet on the string. Several such deals
that were expected to reach the clos
ing up stage during the week have
been carried over. For how long,
remains to be seen.
Outlook II Bright
II
the real estate dealers. Messrs. Green
& Redd. prominent real estate agents.
being interviewed. report that not
only is the demand good for small
homes, but that they have been able
to do good business in the placing Of
mortgages. They have recently loaned
as much as $4,000 on new buildings
and improved properly. This goes to
show that the holders OF money in
a S~cs a - trAr AL
property as security. 5fy "a ~
The Times-Dispatch has from time
to time made note Of the wonderful
changes that have taken place in the
western part OF the city. In what is
known as the West End not less than
1900 new houses have gone up in that
section within the past four or Ave
years, and not a single one OF them
IS now without an occupant. The Sec
ton In which the most OF this build
ing has been done lies between Broad
street and Grove Avenue. west OF Lom-
hardy Street.
south of Main.
These Improvements are now extend
Ing further and into a formerly neg
lected part OF the city-that is to say.
south OF Grove Avenue and south OF
Main Street and to the west OF Lom-
hardy. The delay In the improvements
in this part OF the city was due very
largely to the failure OF the scheme to
extend the sewer. water and gas sys-
TENS. Annexation wrought decided
change in these things. and now the
sewer system Is being extended from
Lombardy to the Boulevard. The ef-
feet is to the good. and nearly every
day people in that region witness the
tearing downsof old shanties to make
room for modern and beautiful resi-
dences. all OF which readily find rent
CrS.
HustlinE Builders.
Beverly Street presents a pleasing
evidence OF this fact. Out there, near
Randolph Street. Mr.. Leonard ]. Kos
ter one OF the most noted OF Rich
mond's contractors. is doing good work.
way OF legitimate lobbying and they
do say" that what he can't get In the
way OF legitimate concessions out OF
the Council isn't worth getting. His
4 plirp1Ge Is to make the section named
Kind Of second Lee District He has
Just completed and placed in the hands
Of Messrs. Green 8 Redd for rent two
pea utiful cottages on the 400 block
on Beverly Street.
known contractor, Is building three
pretty cottages on st. Paul Street
Il ner. Of Hill Street. These viii soon 200
DC ready for occupancy. 4 - )
Aessrs. Priddy and Delany who nave
ProDaoiy, built more houses in the West
Ena Wltnln the past four years than
any other contractors. are now bring
residence on Grace Street, No. sa1s
This elegant home will then when CON-.
pleted be for rent through the arcnry
& OF Green and Redd. u 2 ' = :
Chesterman's Venture,
1,aTl we,
Streets. which is being erected bvI VIII
a. a.. Chesterm1an. and is gradualyinear.
Ire egnpleeion,wil be an ornament t
beautiful building with nine Inc = ap oe s
nents, q drug store. barber shon =
It VIII be steam al'1i heated and carry al
% .hs m1ae.n
overlooking the roof ga garden. The
n ], The d late Ia, summer time and when
IKE $4,000, Messrs. Mcveigh nan ane
q Glinn viii have the control Of the
house when It Is ready for occupa ncy
athar e hs city
Is that the long demand for more
least the capitalists and contractors
tions are that the time is1not far dis.
tnnt when9t the army OF newcomers NIL
cease to complain: Of the lack OF some.
where to live when they get here
that the recent reductions In the COS
Of building material and the late cheap
1ntnE of Ia Dor have added materially
10 The Richmond building boon,s
In the suburbs.
The bui!ding boom is extending 4
the beautiful suburbs around NJ r. oh,
nlond. and these t hings ma tural " ma K,
real estate more q ctiyel q out there.,2A
large number buses. @ ara ss heinf
" prectedS lin Bart ton III a hts; and TIL,
II scund Of the az and the hammer "a III
,ss 4Stt(Continued{ III an Third bT'aE gen SgS8l