The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-12-17
Big Deals, However. Are in
the Air, Though Sales
Appear Slack
CITY PREPARES TO BUY
4 FORD'S HOTEL SQUARE
Building Operations Continue
Apace, indicating That kieh-
mond's National Progress
is Well Grounded


agents were not altogether inactive.
ne,erai Dig aeiAis are III the air
and are likely To pe put through at
any time, say those VINO know wnere-
OF they speak. Dne Of these reports
has reference to "a big iroad street
proposition which mas been kept well
unusr cover up To TINS date. 1t might
he stated that the zeal has nothing
to 40 with the straus n tiunst prop
erty at the northeast corner OF Sew
1 entn and broad for when they paid
something over 100000 last spring.
IT II satu by the way. that "a ugure.
eto.VVe. In excess OF this sum. was
recently offered for the property 10y
Northern syndicate desiring to uti-
lie II ae site for a moucrn sky
scraping hotel. Straua Gunst. how
ever. aens that any such offer mas been
maae TO them. and they say further
! that they know nothing OF the syndi-
cate in question.
8 Not Until the latter part Of this
month vii! the Life insurance Com
pany OF Virginia probably close the
option II recently secured On the Cap
itol Hotel property al Tenth and
Broad. adjacent To its Office quarters.
Directors of tn. company meet the
last Wednesday in D,-ccm Der, and on
that occasion IL Is expected that the
option will not only be taken up. hat
plans VIII tr considered and outlined
looking To the erection OF sky
Scraper on the combined sites.
City Will buy Block.
just one block farther down Bread
interest centers around another realty
PROJECT of somewhat consequential
proportions. which ia nothing less than
the square Immediately All lac.nt TO Ia.
City Hall to the east, on which the
old Fard's Hotel property Ia located
~. Xt..{t4 b...
been recently approved ny Council.
,steps are being taken that Will bring
Ii into possession Of the city either
by ordinary purchase or through con-
domination proceedings. city Attor-
ney Pollard Is now giving the matter
his attention. and in the event a pur-
chase price cannot bo agreed upon.
condemnation proceedings Will he or
dcred. Ii tx generally believed that
the block viii cost the city not less
than tiT5,06o. When the hotel prop
scrty waS offered at auction under di-
rcction OF court commissioners last
spring, n bid high ms $685. Was
received but IL was deemed too low
for the sale to be authorized. The no
tel covers thou; one-hait the block,
several brick residences occupying the
remainder.
II IL the intention of the city to
use this property for additional alt
ministratiee and judicial Offices. and II
is likely that the hotel building Will
be remodeied and connected with tne
City Hall, across Eleventh street. hs
q bridge passage way. Eventually tae
entire block will doubtless be covered
by n solid structure when the city
grows richer In finances.
College Lots Contract.
One OF the features in building cir
clcs during tho week was the an
nouncement that the contract to build
tho new University College of Medi-
cine Mt Twelfth and Clay streets had
been awarded to J. r. Nuckois. of
Richmond, whose bid WAS close to
100000. All told. the cost OF the
building when completed viii bc In
the neighhorhood of $4,000. The
college Will DO a four-Etory brick strue
tture. thoroughly equipped ana Tilted
for the purposes for which IL is In
tended. II will probably be ready
for occupancy BY tho latter part Of
next fall. y
West End suburban realty has been
given quite a boost by the recent ac-
ton Of the City Council instructing
tho Committee on Streets to inquire
into the legality and to consult with
the proper authorities as to the feas-
ibility OF the city. county and State
Jointly building q boulevard from the
bryan Park. The fact that a 100
foot right of way has already been
given In coupled with the assurance
that property owners on both sides
would doubtless lend substantial as
ststancc TO the project
Ground for the new Episcopal
church In Wcsthampton has been
broken. and 1t Is expected that ac-
tual building operations will star;
within short while. No name has
yet been selected for the church,
which viii be constructed along gem
eral mission lines.
Mr.. Knox VIII Build.
Ground was also broken In West
hampton this week for the home OF
Mr. Conway Knox. which he hopes to
have completed by June 1. The resi-
dence will cost about $4,000. 1t is de-
signed after the Boston hip-roofed
style.
0oisan & Nash, who handle most
/ OF the property In this suburban Sec
ton, report the sale Of several lots
during the week. They also disposed
q = lot in south Richmond for *l,-
| SOC.
The Noonandson Realty Corporation
sold q brick residence at 522 North
Eighth for $500 to Donat Kaufman.
who bought It as an investment. This
/ Arm likewise sold two lots In High
land Springs and ono In Paramount.
running their sales for the week close
UP 10 $1,000.
friend" report a number OF inqui-
riee for farm lands. with prospects
~ two Important sales being put
through shortly to Wisconsites.
Two realty Arms dissolved partner
61aip during the week. They were Har-
rtson = Grant and Brooke \ Carter.
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