The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-04-16
UNION Of CITIES
BOOSTING REALTY
Much Activity is Reported in
New Ward Across the
River.
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VALUES ARE BOUND TO
ADVANCE, 1T IS BELIEVED
As General Proposition Trading is
Rather Brisk With More Than
One Good-Sizcd Sale.
Noted.

y
Manchester market marked the trad
ing In realty circles the past week.
This was a natural consequence Of
consolidation Of Manchester with
Richmond. which was put into final
Meet Friday, x number OF Rich
mond dealers have had their eyes
nAond Tor SOME time and tt LIS said
that inquiries concerning property on
the other side of the river have been
sxceedingly gratifying.
One dealer with Offices across the
river IL reported 10 have consum-
mated sales aggregating a quarter OF
million dollars during the past
month and he believes the boom has
Just begun. An Eleventh street
=deAiasAoa= tAis=slae ct the river saaa
Saturday that he has a number OF
propositions in hand which he be-
iieves viii materjaiize in the course
Of the next week and will prove q
surprise to more than one trader. who
has made light OF possibilities In what
II now Washington ward. Property
In the new ward IL bound to 60 UP
rapidly. he says. because OF the many
improvements promised by Rich
mond. Furthermore. he regards this
ward as an ideal residence place for
the worktngman employed In Rich
mond, as 1t Ii In realty more closely
situated TO the solid business and
manufacturing section on this side OF
the river than are most other suhur-
ban sections
Hetser sites Across River.
Another point In favor, of Washing
ton ward. he says. is the fact. gem
orally conceded. that new manufae-
turing industries, attracted to Rich
mond by It's increase OF population
resulting from eunsoiid ation, VIII be
established on sites across the river
IN q majority Of instances owing TO
the scarcity of suitable sites ON the
Richmond side.
A a general proposition, realty
trading has been rather brisk during
the week Mere than one good sale
running high into the thousands has
been noted. while the sale of city loxs
and suburban property has been en-
tirely satisfactory. considering the
fact that April Is not regarded as a
particularly good month for business
In this line. Notable among the deals
reported was the sale OF the Rich
mond Industrial and Development
plant at the foot OF Twelfth street
20 l. n. Vaughan for $4,000, the pur-
pose OF the purchaser being to erect
! spacious ive-stcry brick warehouse
On the site. In addition to the four
story structure already occupying It.
Another sale reported. although said
10 have been consnHmated some
weeks ago, was the transfer of the
Clyde Line wharfage property In
Fulton to the Old Dominion Develop
ment Company for a sum yet to be
made public. Many thousands of
dollars, II Is said. will be spent In
Improvement Of this property by the
purchasing company In connection
with It's coal mining operations near
Richmond.
Another .skyscrapper Likely.
Perhaps the most interesting an
uouncement during the week was that
20 the effect that the Chamber OF
Commerce was contemplating selling
tn six story ONCE building at Ninth
and Main street to d party OF capi-
talists who propose erecting on the
stte q huge skyscraptng structure
SimiAr to the Mutuni building direct
" across Ninth street Whether this
teal Il 70 be contaminated will prob
ably decided the early part OF May.
Owinx to the rapid Jump IN prices OF
suburban property in the vicinity OF
che Soldiers Home. where the Battle
Abbey Ia to be located, buyers are re-
ported to be holding aloof from pur-
shases In this neighborhood 70 any
great extent. but thay arc expected 20
Rurn their attention to this section In
larger numbers just A. soon as prices
come back to a normal scale.
Westhampton lots, ON the other hand,
IRE said to have been holding their
pwn, as In most other suburban sec
lions. Golsan & Nash report sale
of nine westhampton lots as agains,
steven for the preceding week.
Things arc humming out our way.
said q member Of this firm, and IT has
- rU ff1v Increase