The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-06-18
WOLvERTON HOTEL
WILL Be IMPROVED
Sky-Scraper Likely to Go Up on
Site Close to City
Hall.
OTHER PLANS IN VIEW
FOR BIGGER BUILDINGS
Realty Sales During Week Show
ed Some Activity Despite Fact
That Weather Conditions
Were Unfavorable.

Plans are believed to be in con-
temptation by which the buildings oc-
cupytng the block bounded by Broad.
Ninth. Capitol and Tenth streets are
to be converted into couple or more
of imposing structures that will add
materially to the general values of
reality in that section
For more than week persistent
reports have had 1t that efforts were
being made by local capitalists to get
possession of the Park Hotel property
at Ninth and Broad to erect on the
site modern. up-to-date theatre
structure for the Klaw Il Granger
syndicate now at war with the in
dependents.
Added to this is the fact the Rich
mond Realty Corporation. which owns
the Hotel Woiverton property at
Tenth and Broad streets. made a
proposition to the city Thursday night
that II would erect "a ten-story build
ing on this site IL the city would agree
TO take such Office space therein as IL
needs to relieve the crowded condi-
lions In the City Hall. located tmme-
@iately across Tenth street from the
wolvertou. Whether the city will be
willing to accept such proposition
remains TO he seen, but IL Is an in
teresting fact In this connection that
the Wolverton will be closed satur-
day for repairs Manager Daily
announcing that he will return TO his
former home In Norfolk. from which
city he came to Richmond last fall.
Virginia Life Interested.
The woiverron Is a four-story sub
stantiaI brick structure. with a depth
measuring about half the distance
along Tenth street from Broad to
Capitol The remainder OF the space
to Capitol street along Tenth is &C.
oupied by annex quarters Of the Life
Insurance Company of virgins ms
company's home, which faces on
Broad next to the Woiverton in the
same block. Is a structure hardly two
stories In height and apparently IN
adequate for it's growing needs. Re
port also has IL that the Virginia Life
has made more than one overture
for the purchase OF the adjoining VOL
Serton property. SO as to include II IN
plans for more commodious strne-
ture occupying practically hah OF the
entire block.
These plans, IL would appear. con-
ffiet with those OF the Richmond Real-
ty Corporation presented before the
council committee but II goes to show
that there is something In the air.
shops May Come Down.
Inc realty COMPANY SsS8 o"f 49, "a
slice of property lying between the
quarters of the Virginia Life and the
site of the Park Hotel. which is oe-
cupied BY several small shops facing
Broad street. This property. II Is be-
lieved. will undou btedly he improved
at no distant date, and viii likely be
included in plans for larger strnc-
ture on one of the two corners fac
ing Broad street.
Officers OF the realty corporation
cay they have no special plans In
view for Improvement OF their prop
erty on the wolverton site, but II is
the belief OF those who read the
signs OF the times that the PROPOSE
tion made to the city has more be-
hind II than might appear on the sur
face.
Real estate In general during the
weak was not 20 active as II mas
been In previous weeks. although sew
eral substantial sales are reported
Rain again interfered with business
10 n considerable extent. but the deal
ers are banking on better prospects
next week, II the signs, which the
Weather man holds out, fail not
There was some trading in city prop
erty. and. in fact. this particular ar
tlcle proved more attractive than that
in the suburbs which has been on the
boom these many weeks past.
Suburban handicapped.
One operator sized up the situation
regarding suburban property when he
said that while this property WAS
still Just as good and prontaote an IN
vestment as ever. Its soggy condition
In many instances. resulting from con
tinuons rains. made 1t far from being
attractive to the prospective buyer
particularly II he happened to make
the trip out from the city In down
pour OF rain.
Another operator said that he had
done a considerable loan business dur
ing the week but did not have the
nerve to take lender out to look over
the situation.
The firm OF Ruehrmund and Bowie:
Is one OF the few firms that report a
somewhat thriving business. They
executed deals amounting to $4,000
unmarried az follows: STORY
brick residence with nine rooms al
2020 West Grace street. purchased b.
d, J. Cole; apartment flats at 200l
Park avenue. purchased by Major
w. Bowles: two lots on Hull street
!. Warrington ward, one purchased by G
r. Jones ana the other by +. A, Smith;
two-stcry residence with eight room.
4 on woodland Heights. purchased By
Niss MA Jones'; four lots on Wood
land Heights. purchased by Miss M. A
Jones; property at lis East Eight
!. street, Warrington ward, purchased b,
7 q, 3. stafford: dwelling at l114 Nortf
Twenty fourth street purchased by w
y. Baker. Particulars OF several Other
deals are withheld.
other oatss Aeportsd.
Pollard and Bagby report about thu
3 came 91ltAunt Of husinsss FOR the wesl
covered BY three nsacticns--twt
pieces d property on Monument ave-
nue. and &rs on Main street neal
~. n rufcs,, report the sale Of .
Z 10000 brick fesidsncsf on Grace stree
ana the eale a. fstD lots NJ nice nGureI
"a Hanover avenue. r 4, Catitn ant
acsa9zausd - sscon1 F1gs.)