The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-06-03
BANK SITE SOLD
TO BRYAN ESTATE
PROPERTY AT ELEVENTH AND
MAIN STREETS ACQUIRED FOR
100000, 1T Is SAID.
|SKY-SCRAPER PROBABLD
MEANWHILE, HOWEVER, BUILD
INGs WILL BE LEAsED--AGENTS
RECEIVING RENTAL NOTICES
FOR NEXT YEAR.

Although realty agents handling the
deal deny that the 100000 option TAX
en- on the property some weeks ago
has been closed. it is persistently rum
ored that the Bryan estate has pur-
chased the old Nationa! o2nk Of Viz
ginia properly al the northwest cor
ner of Main and Eleventh Streets for
| that fieure.
The rumor has been in circulation In
business and realty circles for the last
several days and lis credited by those
who keep close tab ~ such transac-
tions
1t is said that the property has been
| bought merelv as an investment,
though large Office building may go
up on the site within the next year
or two Meanwhile the hree-story
| bank building on the corner will be
leased to rental occupants.
One report has it that the ground
floor OF the bank is to be rented as a
retail cigar and soft drink establish
ment for $4,000 a year, while the les
sees Of the old Mutual Building ad-
Joining the bank site on tie westward
viii continue to occupy that building
pending further DEVELOPMENTS.
Vault Not included.
II is stated that the $1,000 vault in
Is not included in the purchase price,
the intention of the National Bank of
Virginia being to eventually remove II
to its present quarters at Ninth and
Main streets.
The Eleventh and Main property has
a frontage OF 81 feet and a depth OF
I IS feet and by many Is believed 70 be
I the most desirable location In Rlch-
mond for an Office building site
D - he
/ rurnors 10 the effect that the Carneal
property in the rear OF the bank prop
erty would likely be taken over by the
owners or prospective purchasers OF
the Main Street property so as TO pro
vide double space for sky scraper
which. II is generally admitted. Will sc
up on the site sooner or later. Inc
Carneal property is OF exactly the sam
/ dimensions as the companion site ana
I fronts on Bank Street overlooking Cap
itoI Square. The only other buildins
on the block is the new postoffice now
/ in course Of erection.
Not Many viii Vacate.
AS a general rule, really agents
report the situation for the past week
| rather quiet, most of them neang
busy with rental notices in connec-
ton with leases for next year begin
ming with September !. In ma
1CEftS Oh iustdhScfF tINeS iNe-~ Y" AANN
to be turned by June j.
The agents say that there will be
comparatively few changes in the
rental line the coming year, judging
by the small number of vacation
notices received.
Several pieces Of residential prop
erty we're sold at satisfactory figures.
among these being the dwelling al
3o3 West Grace street, which passed
from Inosen Il. Cary to Harry Lewis
for q consideration of slf25e. The
lot faces IS feet on Grace street
near Madison. with a depth OF leS
feet.
The Rev. p. RI. Melton. former pas
church, has sold to Minnie j. John
son the brick dwelling at 1907 West
Grace street for $4,000. This prop
erty has a. frontage of 25 feet and a
depth of l45 feet
For a CONSIDERATION OF Sill, geo A.
Marchetti has sold to Harry Dale
Mura a one-half interest fn the store
property at so4 West Broad street
fer sfi.e@e.
According to a deed of bargain and
| sale just recorded in the Henricc
county court. the esiaasswortn farm,
about three miles east of the city.
Rennie to f. L. Trowbridge, the con-
sideratton being $4,000. The tract
contains 2ss acres.
Let Hotel Contract Soon.
Activity in building throughout the
city continues una bated. the contract
4 fer Tffs new Richmond ffotef I'm
| provements to cost half a million
dollars having been let during the
week to r. w M!nter and Company,
OF New York. and II is expected. that
the contract for the new Rueger hotel,
a history building. win be let with
in the next day or swo
The National State and City bank
is preparing to remodel its quarters in
East Main street between Eleventh
and Twelfth streets so as TO be able
to utilize all the Main street frontage
OF the building, Meanwhile, occu-
pants of offices on each side OF the
present entrance way TO the bank are
preparing TO vacate. The contem
plated improvements will cost upward
OF $4,000, II IL estimated.