The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-01-09
REAL ESTATE AND
BUILDING NEWS
Lexington Hotel Passes
Into Hands of Rich
rnond OWNERS.
WEST END ACTIVITY;
SUBURBAN NOTES
In Spite of Unfavorable Weather
New Year Starts Off Bright
ly for Ali of the Real Es-
tate Men Building
Notes Here and
There.

Tie first week OF the new year
opened up In real estate circles rather
dull. and tho reason for 1t was easy
enough to find. There was rain and
there was sleet. and there was In
tense cold weather: things that are
unusual In this mild climate OF Nir-
ginla for the first week In January.
Because of these conditions real es.
tate agents could not take the small
army of inalirers around to see prop
criy, and they had TO confine them
selves In the earlier days OF the week
10 Office business. trading and dealing
with men WHO had already looked
around. Thus 1t WAS that much bust
ness "on the string' before the holi-f
days was closed up.
This Office business resulted In many
sales OF lots In the Western part OF
The city. anil not a few residences. but
the most of these sales were OH the
small order, footing up in the aggre-
gate 10 about 100000. Then came
along that !rrepress!ble man. Henry
S. Wallerstein. and sold 10 an out
of-town investor. the Larus Flats. at
the corner of Foushee and Grace
streets, for $4,000. which figure gave
him profit Of something like $1,000
on his recent purchase of the same.
The name Of the new purchaser Is yet
q secret.
Lexington Hotel Sold.
This seemed TO rave closed up the
dealings of the week, but yesterday
after the noon hour II. Seldom Taylor
s& Co. CLOSED big deal they had been
hammering on for several weeks, PROB
ably several months. They sold for
the owner. Mrs. Nanderpoei, of New
York. the Lexington Hotel property.
at Twelfth and Main Streets. There
was an effort to keep this big deal q
secret. but 1t leaked out, and the
Messrs. TAYLOR were besieged for in
formation, but they refused TO do more
than confirm the report that the sale
had been made and the price paid was
near $4,000.
This sale at the shank end of the
week ran the footings UP to 100000,
To this may be added about st5,000
worth of deals that were finally closed
UP. but which have heretofore been re-
ported as having been accomplished,
although the finishing touches needed
To be put ON. and were put on the pas.
week.
West End Lots.
Outside of the big deals above out
lined. as far as Information at hand
will allow of an outlining. all OF the
sales were of lots and small residences
the suburbs.
All OF the agents report active In
euiry and an unusual number of pros
pectiye deals put ION the string sub
tcct to future contamination, and al
together the men who handle Eichmcnd
dirt arc of the opinion that the new
year has started off Handsomely ana
with every prospect of big business
very nearly in sight.
Green & Redd report something OF
furry in West End property which
has enabel them to close out practi-
cally all of the Lee Annex lots. their
sales for the past week being the bal
ance on hand of the high priced Grove
Road lots in that annex.
One real estate agency reported In
confidence that it had made big deal
the figures being beyond the $4,000
mark. but as yet there was one miss
Ing link" no information concerning
was Forthcoming. other than the bare
statement above.
that the activity in real estate did not
die out with the old year: in fact. 1t
would seem that the new year infused
Into the business even greater activity,
and this. too. in spite of the horribly
unfayorable weather.
DolnEs III the Suburbs.
Bad weather somewhat retarded
operations in the suburbs. sleet and
rain and low temperature caused a
suspension OF development In Battery
Court, on the north side, but as soon
as the weather conditions will permit
the work OF paving the wide streets
and putting down the water and sew
a GRACE pipes in that new suburb VIII
be resumed. In the meantime the safe
of lots to prospective home-bu1lders
continues.
vaughan & Williams. who have IN
charge tho development OF Harrogate,
another of the new and attractive
Il suburbs. report the sales Of ten lots
the past week. which keeps up the
average. They say they are selling
only to conservative investors and
home builders.
While all OF West End property Is
active. Blanton & Purcell claim that
Monument Heights lots are pre-.
eminently so. Fifty-eight lots nave
only Thirty seven OF the original plot
b In the hands of this developers OF this
suburb. IN
Amos PoindeSter & Co., have recent
~ sold, or practically sold, $4,000
worth of suburban property within
two squares OF the Soldiers Home, and
this will soon be cut up into building
& lots and put on the market
There is continued inquiry as to
Woodland Heights, and the company
reports the sale OF two lots last week
~ 10 a man who will build handsome
home in the near future.
In point of distance from the Capitol.
3 Woodland Heights corresponds to the
city territory lying between Richmond
College and the Davis Monument,
Home builders are taking these
building sites. and while there is mo
wild speculation In the lots. yet sew
eral early buyers have resold at hand and
some profits and have bought gain. <
M On the boulevard,
Az before stated. un1sual activity
n has prevailed in the West End sector
MI of the week, and the agency hand
IN ling the West End Land Company's
M -aIAsaa Continued on ,Ghird Page y sa A