The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-04-29
BROAD ST. AGAIN
IN THE SPOTL|GHT
Big Deals Put Through With
Miller & Rhoads as
Purchaser
ZIMMER MAN ACQUIRES
PROPERTY FOR S47,5
Reported That Business Struc-
ture of Arcade Type Will
Go UP at Eight
and Grace

Several realty deals considerably
above the ordinary were pulled of IN
Richmond during the past week. In
two of the transactions Miller =
Rhoads figured conspicuously, paying
$4,000 for SIS feet on the south si1a
of Broad street. between Madison and
Monroe streets, and acquiring 121 feet
frontage on the north side of Broad
street. near Hancock, for $43, u
The first named property was pur-
chased from j. c. and NJ. Creighton,
who acquired 1t last week from w.
II. Dunn for $4,000, or at the rate
Of $1,000 front foot. The second
property was sold by Jacobs & Levy.
Both were" purchased for investment
purposes, 1t Is understood, though new
business structures will likely go up
on the sites at some date not far re-
moved.
w. II. Zimmerman looms up ~
one OF the principals In another Broad
street deal of some Importance. HA
purchased from r. Francione the
three stores and shops in rear on
the north side Of Broad street, near
Laurel. paying $4,000 for the props
erty. He also bought for investment.
New Workers Interested.
There is talk that big New York
millinery establishment is negotiat-
ing Tor the purchase of a site on the
north side of Broad street, near
Fourth, on which to erect q large
branch establishment in Richmond. II
appears, however, that negotiations
are as yet only in embryonic shape.
Another report has 1t that big Broad
street clothing concern Is considering
the idea of erecting a new home for
itself ON the site Of the old Monticello
Hall property on the south side cf
BROAD street. between Sixth and Saw
enth streets. which Building Inspoc-
tor Beck has Just ordered RACED Il II
known that f. Ferrandini. owner Or
the property, has been considering
new building plans recently, and II il
regarded as likely that he has proba-
bly, already concluded a lease cons
tract. His plans call for a feur-story
brick structure. .
VIII Erect Arcade.
1t leaked out Saturday that certain
richmond parties are planning to
erect an arcade business structure on
the southwest corner OF Grace ana
Eighth streets and directly acrosat
Eighth street from the site Of the
proposed Wallerstein vaudeville thea-
ire These plans, it Is understood. cnl1
tor an outlay OF more than a Quarter
u million dollars and 1t is expectad
mat they Will soon be ripe for pub-
ncation. Three residential homes on
tne corner IN question recently chang
ca hands and II Is stated that thev
were purchased by parties Interested
IL the deal sT-ss
structures of the so-called arcade
type arc designed With a W1lkWaYi
through the center. stores on either.
side. and Offices above. Norfolk mr.
such a building. having erected It 1l1af
pfior to the Sssfnes exposition and w
nag proved TO be quite a successfuIs
venture, II Is understood.
Within the last VITO weeks. the rasf~S'
Dental property at sos East Grnca
street was sold by Miss Katherine
Hawes to John r. Swartwout for SIS
oeo. A few days later he sold it
70 {. r.. Nuckols for $21,90O and on D
Friday the latter disposed OF Il ID
Davis Perrin for $4,000. through thN
realty Arm OF Paine and Corlinr. WI
week ago. Mr.. Perlin sold the ad5oin-
ing residence at coo East Grnrn
500. NJ
Syndicate Secures Case, Nm
To the firm of Elan and Eunsfam
belongs the credit OF negotiating tiine
transaction whereby the FIRST Ma
tional bank syndicate has leased H.
Whitlock property facing Main strao&
on the south side and immediately NJ
Joining the chamber Of commerco affoS
on the south side. This property whioA Z
mas frontage of 10 feet, has beeeI 4
leased for ten years on a 4l-3 nn11%
cent. net basis of returns to f6~ 4
owners. the lessee having the prfvi.
ilese OF buying after a period Of -
years. The percentage Is based on@n 81
property value slightly in excess Ut
$4,000, it Is understood. M
The bank syndicate has acuufrn u
control of the property to prevo1ifT8
erection OF higher building on t. 4
site that would cut out light from o.
west side of the twenty-story skyncfS2 4
per It lis now preparing to erect G \
the chamber site. szS
Open New Plat.
Interest In suburban property ceSg|
tered chiefly during the week ah6@
the 36-acre plat which e. A. Cn4fSS5 4
& Co. will soon open at the tHf1 vi
section OF Hermitage road and NJ
wood avenue. The property has ~ $
cut up mostly into 80 by lao
Tots. and TN the opinion of e11
real estate men Is ideally loca40d Y
suburban, .homes.se. Added attranf 3 ~
ness Is given the property BY
parently well grounded reports r
the Fifgfh3a Railway ard ssssY m
Company will soon take steps l00l
to extension Of its Gtnter Park
from the vicinity OF Bryan Park G
Hermitage road to Broad -
Plans are already under way wl1S
view of converting this road iS41
more attractive driveway on the n
of the boulevard, which will
another attraction that will druN
vestors and home seekers to thAsa
residential tract. which IT, To
known AZ the Hermitage.
Planning Execnaioa. III
Strong and active eficyts aGNy
being exerted TO have aMOnun,a1l
nue. opened and extended -
Rossneath. and Il n believed
these plans viii soon 10 eonaalI
(Coatinued . ToursK 49, {:s