The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-09-17
REAL ESTATE AND
BUILDING NE VS.
Magnificent Apartment
House Changes Hands,
Making Record.
OWNERS HOLDING
FOR BIG FIGURES
Westbrook to Become Model
Sanatorium-A atlantic Coast.
Line Buys Whitehurst Prop
erty-Activity Continues on
West Broad-Farm Lands
Selling Right Along.

one with the buyers and sellers of
Richmond realty. Several very large
deals that have been in a state Of un-
certainty for come sine were closed
UP. and one of them. q kind of COM
bination deal involving S29o.000 In all.
ia said to be. taken as a whole. tina
largest transaction made In the city IN
twenty years. In fact. 1t IS no. re-
membered by any OF the old stagers.
that there was ever a larger one. in
dollars and cents.
The activity was not confined to any
part of the city. and not even to tho
city limits. for some Of the agents
have made largo trades in acreage
beyond those limits and away out In
the country. and all of the suburbs
have been more or less active.
Holders Holding for bigger Prices.
Ono agent tells me that the demand
for both business and residential
property is in excess OF the visible
supply. This is especially true. he
says, OF business Hites. the trouble be-
ing that the holders OF such prop
erty are showing a disposition to hold
for even bigger prices. and it is hard
to get one TO his figures. al
though he may really want TO sell.
This shows that the owners OF strict
ly desirable business property nust
think they see in the signs of tho
times more OF boom than Richmond
in fact It Is quito likely that soma
OF these optimistic holders VIII rue
their too much optimism when IL Is
too late TO mend the trouble. There
can be no doubt that there are large
Industries looking towards Richmond.
and doubtless some OF them will be
driven elsewhere by the extreme firm
ness OF the holders OF business prop.
erty that the industrial prospectors
may have had their eye or.
Coast Line Buys More Ground.
Tho activity on West Broad Street
from Roseneath Road eastward con-
uhues without abatement. and vacant
property within that compass has sold
the past week as high as $3.50 per
front fopt. Some lots have changed
hands several times. showing that
spectators quick profit makers
have been much IN evidence. and tho
figures show that they have been max
ing money.
When the whitehurst property MT
Tenth and Byrd Streets was sold few
weeks ago for 100000. Edward j.
Willis was supposed to be the pur-
chaser. and 1t was said that ne in
tended possibly to erect manufac-
turing plant OF some kind at Tenth
and Byrd. It now turns out that Mr.
Willis was. acting for another party
and that the real purchaser was the
NAuantic Coast Line Railway This
great that Its depot and warehouse
facilities are greatly congested, and
1t Is supposed they needed this addi-
tional property in their business. Just
when the company will make improve
ments or what manner of improve
1ents are to be made. is not yet
known
Model snnatorium ut westbrook-
The deal that was put through two
months and more ago by Elan & Fun
stem, by which the Westbrook resi-
dence. formerly the home of the late
Major Ginter. was sold for John Stew
art Bryan TO D-s- Anderson, Hall and
Gayle. received Its finishing touches
last week by the signing and record
ing of the necessary deed. The price
paid for the property was Si7,50O. and
the physicians and surgeons who pur-
chqsed 1t will convert the magnificent
suburban home into an up-to-date
sanatorium. They have already plan
ned for the improvements and the nee
essary equipment, and in this work
and In the work OF identifying the
grounds they will spend a very large
sum of money, making the sanatorium
one of the most up-to-date and com
plete in every detail to be found any
where in the country.
The Record-Breaker.
Pollard Ragby are the men who
pulled off the record breaking deal re-
ierTeu TO ABOVE. They sold for w. A.
Chesterman the magnificent apartment
house at Adams and Franklin Streets
for $175,0oo. Henry S. Wallerstein
was the purchaser. and he acquired
this valuable property, one of the bes,
apartment houses in the counry and
situated in the toniest residential sec
ton of the city as a permanent in
Vestment. In part payment, Mr. Wall
lerstein gave 274s feet of ground at
the southwest corner of Shafer AMI
6road Streets. this property counting.
Tor $4,000 Thus the transaction in
Volved sales by Pollard & Bagby to
the amount OF 100000 1t is the
purpose of Mr.. Chesterman to at once
Improve the Shafer and Broad Street
property he thus acquired by the erec-
ton of costly stores
Other SizenbIc Denis
Amos & Poindexter report their big
transactions for the week as extend
Ing from Dan to Beersheba They
closed up sales to the amount of $685.
700, and deals including fifty acres
near Westhampton for $4,000; fifty
acres on the Richmond. Fredericks-
burg and Potomac Railroad for s3-
900; $50 feet on Broad Street, west of
the Boulevard. for $4,000; 40 feet
on the same street, east of the Boule-
ward, for $4,000, and a house and lot
on Church Hill for $4,000 and also a
small sale in Fulton
j.. Thompson Brown & Company
made some good sales during the week
including $4,000 worth of acreage To-
Gated somewhere in Virginias and pre-
sumably almost in sight of Richmond
but no amount of pumping could mako
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