The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-02-26
BRDI
!. AND MAIN STREE
Residential Section Rapidly Giving
Way to Business
Structures.
AREA IS LOGICAL
ONE FOR EXPANSION D
Doubling of Realty Values in Past
Few Years Indicates Trend
of Industrial Development
in This Section.

The day is evidently not far dfsu
tant when that section OF old residen~
tial Richmond bounded by Broad 81
Fifth. Main and Ninth streets. MN
be largely. II not wholly. solid huai.sf
ness blocks connecting the Bread III
street business district with that O&
Main street. ss x|
Dwelling houses In this section aro}
rapidly giving way to business sfrue~{z
lures. the changes having been pArAte
marked within the past xev9s*
years. NJ
The fact that the value Of realty n
this area has easily doubled In Ase y
years Is perhaps the surest sign that
1t is the logical area for the devetop~t8
ment and extension OF IichmondsN4S
business district. Far-sighted tnvee~
tors realized this fact when they be~A
gan buying realty in this section = s
few years ago. and more than .ouA,
of these investors have made y Ntu&t
little fortune as result OF their f4x~t
sightedness. u x
A casual survey OF this necttoU
would convince the most scepticAi ti1nks
stores and other business estahIfgh-
ments must eventually crowd otts 4
most OF the homes that still ren1Ain.
Many stores Being Built.
VINE ttStutHNpS OHCt StO0AS% ~
Eighth and XIII Ten tW6-stofYs7
business houses are now being erected \
facing Eighth street. and running
from Franklin downward MAtxAs
Directly across the street is the Gfi-
bert hotel. occupying building fUr-
merry used az q private dwelling.
Just block up Franklin is the new
temporary postcffice building, located
on the southeast corner OF SevSnfhsy
and Franklin, fsiagouztfy across the
street ON the northwest cnrneEza&s
Seventh and Franklin are four
store buildings. MS q n
Al block up Seventh street t0Ss6NM
Broad. the Y. Al. G. A. is having ~
tifftshing touches put ON its new 11oes-S
0oo six-story building, located on TIN
northwest corner OF seventh ana
Grace streets.
Six new stores are going up on thu
northwest corner Of Ilghths ana
Frank lin. fronting on Eighth, and ON
Grace AetHieen Seventh and Eighth
Il 10 be found the solid new brflk
-ss,le tlls'a seEsIaS as oititns sor TIM
Southern Fell TeIephune e'umpanyss
The AetiLl2 sasholiss as1saln ss:cnptezss
an old residential site On Grace be-
tween Eighth and Ninth and Nearby
ts the imposing STRUCTURE pf the new
RI almond hotel IN the northwest GERS
ner OF Ninth and Grace. directly
across tho street from historic 81.
Panfs Protestant Episcopal church.
On the northwest corner Of Ei9hth
and Grace Is seen the MHrphy'B He
tel annex. built but few years a&os
and fronting on Grace.
ON the slope of the hill up Main
several business structures 8auuHy
the site OF the Second Baptist chufuns
which now has a handsome office s0l1si
Franklin. near the Jefferson Hotefs
in the heart Of fashionable RfpA~
mond. Across the street the old @@
M. G. A. building still stands. but
tl,a- site- has already haan- sold
1t will doubtless soon give WAY ftlz
business establishment.
Skyscrnpers Arc Rising.
On the north side or Main Ae-M
tween Fourth and Fifth. four new
stores have been lately butt. 6Sv~
eral blocks down Main. StnMrG2a
new steel fireproof skyscraping hot4l
is rearing It's head aleft on = n3te
formerly occupied By y small TO-
story building. n
Other sky-srrapinE structures 1t1o
heavenward In close proximity. k1ss
Tenth and Main the sky-scraper
the American Nationai BANK -
ing completion, and nearby ~ M5Msa
twelve STORY massive Mutual hull4ssl
ing. Work on the sky-scraFer * 1lx4S
First National bank. on Main 4ss
tween Eleventh and Twelfth. a Nsss
pected to begin April !. and
reported that the National Bank -
Virginia has under Aavtssrosat
erection or a tall building ON
present site at Eleventh and Ma1n
on the site Of the old pcstonlFN
On Main between Tenth and lie
enth streets work will shortly Q4,
gin on the new million dollar pa4&%3
Office for Richmond. 81
An outlay of fullysten million dStxS
lars il represented In the lar4e
buildings recently erected ana moa
10 be erected In the Main street ats2
tiis.t. according TO q wetssinI
real estate man. 81. Isl
Large Profits Made. sss i'll
Very interesting are the heQk
showing the wonderful fnhAMGS
~ realty yaiueg in the area 0ekM
Main and Eroad now being III
tta INFORMED into business al
"A few wears ago, the late Fer0lNag 4E
Ehei purchased the Old M sso 1slasss IS
homo IN rhe nofthw SIT . g, Fla y
Seventh and Grace and the Ad1qS
Erork home for sI0,e0G, Tht4
! regarded as fancy price Nlsss.
time. In l@sls than twelve nin4 u
dssnassds 81 the property Tor NJ
what ii now the rite All
harabra hotel on the nortteax
! III Eighth and Frank ltA 49, 81; :!
wears ago for SssOop. q s1s4k
the same property branen t
S,,stri, sol hcod 81 $4,000. ard
i no paSt thge4 mantlis y htpal4
run 81 sss.500 Gu the n6y1
ke~fneg Of Eighth ard kran
zen brlek stores are now g.
al "A iii, old residAnce 14tA
drought sessee0s Stout H MI