The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-04-30
STRAUS, GUNST
& co. IN DEAL
This Firm Holds Option on
Seventh and Broad Prop
erty.
PRICE INVOLVED IN
DEAL IS $20o, 900
Valuable Site to BIZ Purchased az
Investment from w. II. Zim-
norman Who Will
Realize Nicely.

Easily the most important news
item of \the week, touching real es-
tate transactions was the report re-
forred to In these columns last sat-
urday that the property at the north
east corner of Seventh and Broad
streets would soon change hands for
figures reaching high into the thou
sands. 1t has been since learned that
this property. with frontage OF Us
feet on Broad and a depth of lS1
feet. Is under option held by Straus,
Gunst & Co., and viii in all probability
be taken over by this concern Tor tne
consideration of s205.0oo.
1t has been learned further that
this property on which is located
nickel theatre and several small stores.
IS to he bought as an investment ana
that the prospective purchasers NAYS
no Immediate Intentions of building
upon It.
l.umors set at Rest.
This sets at rest the reports that .
first-elass modern theatre would soon
be built upon the site or that II was
being acquired for the Richmond ana
Henrico railway for office building
purposes.
The property is owned by w. IA.
than 1000 a front foot in event the
option Is closed. Mr.. Zimmerman has
been in possession of the property
fer a number of years having Sc
cured II at figures considerably less
than 100000.
Neither Mr.. Straus nor Mr.. Gunst
are in the city, and consequently NO
definite statement could be obtained
Saturday about the deal from them.
when inquiry was made at their place
Of business at Tenth and Cary streets.
Another Deal Recalled.
In this connection. ii may be stated
that the same company recently en- :
deavored to get possession of several
store fronts on the northeast corner
of Main and Eighth streets. but was
prevented from communicating the
deal because of the prohibftive price
placed upon one piece OF property
The result was that the company. In
stead of erecting a five-story building
on the site. as Intended had to con-
tent itself with plans for three story
brick store on the corner. work OF
this structure will begin in few days.
It is stated. The building Will replace
the saloon on this corner, and tt -
understood that "A well known Main
street mems clothter will occupy the
ground floor.
The realty market in general
throughout the week Is reported %
have been in healthy condition. de-
spite the fact that stocks are down
and people as a rule are hedging.
as one dealer put 1t Saturday.
Store Brings $4,000.
There was a fair amount OF activ~
ity In city lots, and suburban deals
were well up to the average. Douglas
f. Taylor reports the sale of the corr
ner store in the row OF new business
houses recently put up at the south-
west corner of Eighth and franklin
streets. The property was sold tor
DIR. John F. Davidson. The name ct
the purchaser Is withheld for the pres-
ent. The price was $4,000.
Many inquiries for city property were
reported, and 1t Is said that the CONS
ing week will show the result OF ne-
gotlations that viii be exceedingly
gratifying to more than one dealer.
May Is Best Month.
Dealers say that the month OF ,MAy
is usually the best in the year Tor
business, and on that account thay
will welcome the advent Of the next
month with more than usual tnterenk-
Business during April, however. wAM
entirely satisfactory they say. II
number of firms report business reach~
ing into six figures. Blanton h Coz
for instance, reports business for the
month ranging between $4,000 and
100000. not including $4,000 deal
likely to be closed in the next few
days.
EIam g. Funston report the sale ok
four lots in Ginter Park. aggregating
s7,400. during the week, and with
reference to this property the Arm
says: &
"Ginter Park was never more acttvo
in the building line In its history Than
at this time. Nearly twenty h0hRAo
are under construction, or soon to ~
under construction in this suburb ana
the demand for its lots has been ~
good as is any suburb around Rich
mond. The handsome residence OF II
e. Bowers, Fritz VIII. John A. Lam
easter, e4erge H. Whftfiefd, r.. IN
Roden. C. S. Fensoa,, DIR. Irwin III
Smith. Frank T. Sutton. Charles na
Larus, Jr., John H. Reed. J. r. Ale1
and many others are under constra0s
ton now, and already there are moto
than 100 homes completed in Ginto&
Park" II
Who Is Behind Projes4y A$sl
There Is much speculation as TO- VII
is behind the proposed purchase r.
the Chamber Of Commences site -
building at Ninth and Main gtro9e<
SO far, those comprising the syndtcAx[
negotiating for the purchase have nl,f
ceeded in keeping themselves In 3
background and there seems M441
probability that their names Will !
divulged until after the niembek4
the chamber holds q special naee&1
on May to decide whether ~ N
or not. 4-.ks q .sF III ny 4452
President Henry w Wood az ~
chamber, has already received Eet6
| 4 number 81 psoxtsS aEthgs{ktKS &
/ to vote for them an he sees hEGks a
Mr.. Edwin "A. Palmer, pr1r&1
agent OF the Mutual A1surahc4
ciety OF Virginia, which cMzl1
!twelve-story skyscrAppee
street Just aoF0ng Ninth
Chamber IL C0unm4fce 69a&