The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-06-11
REALTY MARKET
CONTINUES ACTIVE
Deals in West End Indicate That
This Section is Still
Booming.
BUILDING OPERATIONS
MAKE GOOD SHOWING
Reports of New Theater Arouses
Interest, But No Site Has
Yet Been Selected, It
is Believed.

More than ordinary activity mark
ed realty operations in Richmond the
past week. despite unfavorable wa
Their conditions that again prevailed.
Several transfers of considerable size
were recorded involving city property,
while suburban territory in the West
End came in for its usual share of
attention. Building operations begun
during the week show that this line
OF work is holding its own.
Work on the Virginia Trust sky
scraper was begun the early part of
the week, or rather workmen began
tearing down buildings op the site on
East Main street near Eleventh street
preparatory TO excavation for the
foundation. Contract terms call for
completion of this fourteen-stor
structure by June /. 1911. and 1t is
worthy of note that already 40 per
cent. OF the Office space has been
rented. Friday afternoon a lease was
recorded whereby the Western Union
Telegraph Company agreed 10 rent
the top floor and half OF the ground
floor for a term of twenty years at
an annual rental of $1,000. Thirty
six lawyers have engaged Offices in the
building thus far in advance, and IL
Is said that the basement has been
rented for a rathskelier.
Main Street Deal.
A deed of some importance record
ed during the week was the purchase
of the property at 1907 East Main
street by n. Clark Il Sons. whiskeS
distiilers from the William IL. ScQtt
estate for s37.5eo cash. This build
ing Is now occupied by the Baughman
Stationery Company. which holds
lease on it until March h.. fSff. II
Clark A. Sons is now located next door,
but ii Is said that the firm will oc-
cupy its newly purchased property
Is sonn as possible.
Location of site fer another big
theater In RICHMOND has been cues
tion of interest TO realty men. be-
cause of statements that q new play
house would be erected here in c@sn-
petition with the Academy of Music
These statements were given out by a
representative of the klaw Il Ertanger
theatrical syndicate. commonly known
as the trust. II was said that the
alleged trust might build house on
the northeast corner of Broad and
Seventh streets, recently purchased by
Straus. Gunst & Co for S205,o o. Moth
ing definite. however, could be ascer~
tanned. although something may tie
doing lataer.
Industrial Plant sold.
A transaction that attracted more
than usual notice MAS the sale of the
industrial plant site at Eleventh and
Byrd streets by /. y. Vaughan TO the
II. ]. Reynolds Tobacco Company for
> $4,000. The tobacco company. Ii is
said, VIII erect another building ON
the site. and will use II for the stor-
age OF sun-cured leaf, for the time
being Eventually. IL is probable that
the plant is to he converted into fiat
plug mandatory.
The fact that a tentative offer OF
S14o.o 900 was made during the week
for the purchase OF the Seventh Street
Christian church property at Seventh
and Grace streets was the occasion
for amuch gossip in realty circles. As
To who made the offer Is a secret.
but IL liz known that 1t Was turned
down, for the reason that the Sew
enth Street church people have no
idea, 1t is said. OF moving for the
present In fact, their pastor is au-
fhority for the statement that the
congregation win probably continue
10 worship downtown for an indefi-
mite period.
stores Going Up.
Three brick stores are likely to go
slp on the residential sites at ITO and
liz North Eighth streets, purchased
by Davis Perrin at a cost OF $51,ooV.
MIR. Perrin. through the realty hrm or
Paine & Coriing. also got possession
of the property at 6l6 East Franklin
for $I2.60o.
8. q. Meredith is planning to erect
twenty semf-detaehed twe-sters brick
dwellings on a block ON West Main
street. between Shepherd and West
streets. which he recently purchased
from Amos 4 Poindexter He Will
also soon put UP fifteen similar resi-
dences on West Main. between Cieye-
land and West streets. MIR. Meredith
is completing eight frame residences
on Twenty-eighth street. between NJ
and N streets, Church HILL
Activity In West End.
Amos 4 Poindexter closed deal
Thursday. by which they sold $50
feet on Shepherd street. between Ken
sington and Stuart. facing the Battle
Abbey site. This property constitutes
ave thirty-foot lots. The firm also
sold to Mrs. Mary M. Carreras 135
feet on Stuart avenue. between shep-
herd and West, facing the Catholic
military college site. This property
brought $40 a front foot. A we'll
Known Main street business man pur-
chased from this firm a four-room
house and one and half acre lot
near Lakeside which he will use az
. suburban home.
The Abbey Realty Corporation.
which put Colonial Place on the mar
ket the first of the week, reports
sale Of more than 100 lots aiready,
With excellent prospects ahead. This
nronerty is located Immediately west
Of Lee Annex.
club View Sales.
6solsan & Nash report sales OF ST.
- 20 III tsfr,t, View and $500 In Wash
fngton ward. the latter being for bus
iness property on HAL street. Broad