The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-02-18
REALTY MARKET
REMAINS STRONG
Thomas Property on East
Grace Sold for $4,000 by
DR.. B. D. SpaldIng
BIG PRICE is OFFERED
FOR BROAD ST. STORE
w. A. Chesterman Submits
the Lowest Bid, on Pro-
position to Improve
-kaufmann's Place

Real estate operations in Richmond
during the past week were gratifyins'
the agents say. although no deals OF
any great consequence were put
through.
There appears TO have been no de.
yelopments In the proposed sale OF
the chamber OF commerce property
for a skyscraper site but the indica-
ttons are that this matter VIII be SET
tied at an early date 10 the sstisiAe-
ton of all parties Meanwhile there
is some speculation as to develop
ments at the northwest corner OF
Main and Eleventh streets. the ola site
of the National Bank Of Virginia.
This property, together with that
Immediately In the rear, was report
ed last week to have been sold TO
parties with skyscraptng. plans in
their bonnets.
Thomas Property Sold.
A sale OF some interest put through
during the week was that or the
Thomas residential property at llS
East Grace street which has been
owned the last several years by Dr.
IA. p. Spaading The property Is said
sto have been sold by DIR. Spalding TO
another prominent East Grace street
physician for $4,000. the finishing
/ touches being now put upon the safe.
When asked about the matter Friday
afternoon. DIR. Spalding said that he
was not quite ready to give out the
name OF the party to whom the prop
erty was being sold.
As an illustration OF the value OF
Broad street realty. Charles Duucker
refused an offer OF sl.6V0 front foot
on his store property at 10 East
Broad street opposite Cohen and
Company This property. which II
occupied by a two-story brick store
of old-time construction and faces
twenty-four feet on Broad street. was
put up. al -anctian daring the week.
Bids were run up as high az s2A,0oo
but the owner decided to cali IL in.
rather than to sell at that price.
Remodel Store.
The store property at the southwest
corner of Broad and First. formerly
occupied by the F'alkner-Warrtner
Company, has been handsomely re-
modelled and fitted up and will be
occupied Monday by the Horace s.
Wright Company. Through the eff
forts Of that enterprising realty firm
of Elam and Funston the store has
been made one OF the most attractive
on Broad street and the new occu-
pants with doubtless make success
of their business from the start
1t was announced Friday that w. A.
Shssterrnan was the lowest bidder on
the proposed improvements which
Kaassnanmi and Company viii naaks
TO their establishment at the south
east corner of Broad and Fourth
streets. The figures have not been
given out as yet but 1t Ii understood
that the improvements which call for
q new five-story building adjoining
the corner site, In addition to extern
sfvc alterations to the main store. will
cost in the neighborhood OF $4,000
Build Car BarnA
Bids on the new car barns for the
Richmond and Henrico Railway on
the slope east OF Chimborazo Park
we're advertised for opening Satur-
day afternoon. Plans for this struc-
ture call for the expenditure OF $780,
600 approximately.
II is expected that the contract viii
also soon be awarded for the new
Mayor bridge across the James. which
the city proposes to build.
Those who have submitted bids are
a. follows;
I. J. Smith & Company. of Rich
mond, with a number OF variations
IN their plans, causing the amount OF
their bid to range from $l92.370 to
s23o.0s1.
RI. M. Airport & Sons, OF Richmond.
with a fiat bid of $233.54S.90. with
sls,soo additional for laying and fur
nishing street car tracka
The Mckay Engineering Company.
Of baltimore, bid for s21S,
rs C. &. Clarke g. Company OF Balti-
more, q bid Of $17s.40o. with s2o,s50
for q roadway across Mayo's Island.
and sl0.S00 for street car tracks
Mclean Construction Company, OF
Baltimore, two bids, ono for $252. 900
and the other $4,000.
James Corse. of Racine. Wis. four
bids, s2ls.10s. $2l4.S2o. $215,sse and
$122.470.
The past week has been an espe-
cialIy active one In Ginter Park. cali
al nv all who live there THE suburb
heautffui' The company operating
this suburb Is Offering for limited
sneciAi prices on some Brook avenue
lots and several were sold there this
week. Two well known real estate
men vera among the buyers and they
will a once start the erection OF
homen. A number Of residences were
/ @tartad In Gintar Park this week.
rhose under construction, such az
those OF o. C. Peers, S. l. Lindsay.
Mrs. James Lyons and Hugh Russell.
are making rapid progress towards
compilation.
Improving Ottcrburn Hotel.
Ruehrmund n BOwles are now ac-
lively engaged In preparations with 9
view 81 having the otterburn Hotel
property. In Amelia county. opened on
1~ns = This property was recently