The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-27
SPENCE PROPERTY
SOLD FOR $4,000
ANCIENT STRUCTURE on NINTH
STREET WILL BE IMPROVED
BY PURCHASER
NOW LEASED BY RUEGER
TRANSACTION put THROUGH nv
ELAN AND FISsTEN, AGENTS,
FOR HENRY TAYLOR, JR.,
TRUSTEE.
NOW LEASED BY RUEGER

For consideration in the neigh
borhood of $4,000. Elan q Funston
have sold for Henry Taylor. Jr.. trus-
north side of Ninth street. between
Main and Franklin streets the name
Of the purchaser being withheld for
the time being II Is stated. however,
the property has been bought for in
vestmenr. and will be improved in
the course of the next year or two.
AT present it Is occupied by the Rue
ger Hotel pending erection OF the no.
tells new ten story building to be
erected on the corner Of Bank and
Ninth streets. The property faces 3s
feet on Ninth street and has depth
OF 1870 feet.
This is practically tne a5only sale
of any consequence that came to the
surface during the week. so far as the
man of news could ascertain. There
was report that a certain piece OF
residential property in the vicinity of
SIS, 900 had been sold. but 1t appears
that while the negotiations are we'll
under way the deal has not been ae-
tually contaminated. 1t was also re-
ported that the Grace Street tsaptfss
~ ~ Va " 90 AphtStltpAdAtAS Inc AhlS Ia
( Its property on the northeast corner
eli Grace and Foushee streets, in order
10 move farther westward. It would
appear. however. that the report had
Very little foundation. though IL has
been frequently Tumored that the
church would like to sell out.
| Church, May SELL
Similar talk has been heard in con-
IN action w'ign tite proposed safe If the
Grace Street Presbyterian church. a,
| the northeast corner of Fourth and
! Grace streets. This congregation was
-. offered SIS, 600 for its property sew
/ eral weeks ago, and II Is understood
the negotiations are still under way
the congregation holding out FOR
100000 II persistent report be sa-
/ vored with truth. /. Kaufman Is the
/ other party to the negotiation. 1t is
well known fact that Mr.. Kaufman
+ is eager to acquire possession of the
church property SO as to provide room
for extension OF his big establishment
located on the southeast corner OF
Fourth and Broad streets
| Henry $. Waiierstein. according Il
/ a deed which has just gone to RECORD
/ In the chancery clerks Office, has sols
to Nora F. Leary the Blenner garag,
building at 1so7-1eos West Broa,
street near Lombardy for s2s,5oo. Mr..
Leary, IL Ia understood. has purchased
! the property for investment purpose,
! only.
Dwelling Brings $4,000.
/ For $4,000. Maude r. Freddie
has sold to Sailie l. Taylor the three
story brick dwelling at 1911 Monu
ment avenue. The residence has 6
| frontage OF 35 feet and a depth o
| $50 feet.
| In real estate circles. 1t is CURRENT,
| reported that the $4,000 option
taken on the National Bank of vir
! ginia property at Eleventh and MAR
| streets has been closed. However
the report has not been authenticate,
and in reliable quarters 1t Is doubtet
that the property has been actual,
| sold Parties involved in the deal ar
keeping their identity from the pub
lie pending further Developments.
Several days ago. Judge Grinnan, b.
a decree entered in the CHANGER,
court, approved the sale Of the For,
hotel property to the city. but 1t vii
probably be some months before tn
way Is clear for the purchase ia h
finally closed. owing to the fact tina
counsel for one of the Ford heirs ha
.,na.ssd an appeal. Erassa Judge. Grin
mans action and proposes to take tn
matter 10 the court OF appeals. To
gether with the remaining propert
on the block occupied by the hote
across Eleventh street from the cit
hall. the city proposes to pay $l6S,0g
for the entire block bounded b
Eleventh. Broad. Twelfth and Capitt
streets =