The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-08-20
Bottom Facts About the
Theatre, the New Hotel
and New Skyscraper.
AMUSING RUMORg
RUN TO He Earl H
Business Property in Active De.
mand, and Some Big Sales
Made-Residence Property
Sales-Money Plentiful and
Home Builders Are Get
ting 1t.

This has been the best August week
IN al real estate lines I have ever
known since I have been in the bust
ness; not the best week. mind Won.
Tor the midsummer dullness Is not ali
over YET but the best August week"
Ihus spoke prominent real estate
man to the man Of news yesterday. and
ms views were concurred in by near
~ all of the agents.
However. tho business OF the ueel-
was scattering, some agents piling up
Inc commissions In goodly manner
and others doing little or nothing. The
general and almost urgent inquiry for
BUSINESS property and the increasing
| demand for residential sites Is so en-.
couraBing and presages such n lively
iall business that none OF the arants
are willing 10 say the real estate bust
ness is duh. That is good news indeed.
ior the men who talk about real es-
tate as we'll rs the men who have tn
wfite ABOUT 1t are getting very tired
o. inc words summer dullness," and
thcy are glad September is near at
nand. when there will be no more
summer, even II all of the du1lnes.
does not depart with it.
Big building, Talk.
Inc air has been full of rumors all
me past week about big building
operations for the near future Tho
semi sensational talk about tho neu,
| theatre on the site OF the Park Hotel.
| at Nintn and Broad. about a new hotel
- b's"htic proportions at Eighth aud
Grace and twenty-five story sky
scraper at Eleventh and Main have
oecn told and retold ard prInted ava
reprinted. and there has been M ,,tt,a
guessing going on ms 10 who is behind
~, Iast named proposition which in
No,Ves: with the land included. CON
aoiy more than Saoo.O 600.
oF 10 the present writing the ONLY
one Oh these three propositions that
qead sure is the theatre. That will
certainly be built, the arrangements
having all been made and the plans
agreed upon, but the other two are
yer IN the air. y hotel may go up MT
the Eighth and G, zee Streets corner.
vi II may not. The owner OF the
srouna Is still thinking about it. and
| MIR. Wallersteln is a man who ,ioos a
lot OF thinking before he acts on
large scale. and sometimes he thinks
| In several different directions nj ona
ana the same time. In what direction his
thinking may carry him while he il
tell. ''o"
An Amusing R..lor.
AS to the twenty-two story sry-
scraper Pollard C Bagby. who are en-
| sineering the matter. are still uncer-
| tam as to the outcome o. the propo-
| sition. and j. J. Pollard, OF that firm,
| mad nothing to add yesterday TO thia
former statemen; TO the effect that he
| knows the interested parties can build
such skyscraper IL they want 70
| ana that they think it a profitable
| investment. Mr.. Pollard thinks the
tai house will go up, but no definite
steps have yet been taken
| An amusing rumor, as 1t turned out
to be, got in the air Friday night IT
n Hn arr.,
| Ryan. of New York. had Jumped into
| the Richmond real estate market and
celebrated the jump with 100000
| purchase of business property. as nm
| investment. The rumor flew ali oyar
| town. and as matter OF course IL got
| the agents excited for It was easy to
| assume that II the northumberland
had started in with a deal of that
| Kind he would likely be an immense
plunger in the Richmond real estate
field. The man OF news interviewed
| the owner OF the valuable property
said TO have been sold to Mr.. RYAN
and learned that the said owner and
local man. whose name sounds very
| much like Ryan. but is not that by a
large majority. had been doing some
little dickering. but nothing had come
| OF IT, and the deal was entirely off.
Valuable Business Property Sold
The big deal OF the week was pulled
or by y. w. Bowe Son They sold
to Edward ]. Willis. we'll known
manufactures, valuable property on
Byrd Street between Tenth and Eley.
en;h. owned by w. J. Whitehurst and
y. 3. Eddins The price was $4,000
Mr. Willis intinates that a big manu-
featuring plant is to go up on the pur-
chased property. Possibly another
plant for the manufacture OF electrical
machinery will be erected and equip
al fha
in South Richmond being overcrowded
with business. and an enlargement In
South Richmond or elsewhere being
only a question of short time.
j. Thompson Brown 8; Company sold
last week for the Capital Realty Com
pany handsome residence on the
Il Boulevard and Kens!ngton Street op
posite the Battle Abbey property. The
!, price was $4,000. The purchaser. a
prominent business man. Will make
:. this his permanent home. This firm
also sold a West Broad Street honaa
for $4,000. Other sales of smaller
, dimensions and in various parts of
the city ran their total up to $4,000
for the week. No wonder the junior
member of the arm smiled when he
said he was not experiencing any mid
summer dizziness Just now.
/ Other Good Sales.
Amos 6 Po!ndexter. who have Just
moved into their handsome new offices,
200 and col Travellers Insurancs
u Building, celebrated the event by sell
ing exactly $4,000 worth OF property. !.
i Among these sales were some vacant
property on West Main, which Is TO !.
and properties In Highland Park and
in Fulton.
II William E Purcell. Jr. Company res
IContInued IN Third ps y,TT ------r-r''-es :