The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-19
May Eventually Mean Estab-
lishment of Large New
Industry
TWENTY-T STORY
SKY SCRAPER REPORTED
Latest Rumor as to Site at
Eleventh and Main-Biggest
Rental Week Of Year
Realty News Notes

Large transactions are maturing
thick and fast in Richmond real estate
circles notwithstanding tho fact that
the average agent says that IL is the
Off season and that sales VIII pick up
after September l. or as soon as the
buyers get back from their summer
vacations,
The biggest sale OF the Week leaked
out yesterday when II became known
that the properties or A. b. Eddins.
and W. J. Nhitehurst, ON Byrd Street,
between Tenth and Eleventh Streets,
had been sold by the real estate firm
OF y. W. Bowe and Son to Edward j.
Willis. proprietor of the Richmond
Electric Company, sol East Main
0oo
The properties named have a 'front.'
age Of Il fraction more than 200 feet
on BYRD Street, with an average depth
Of approximately four hundred feet.
The Eddiu's property was sold at
$4,000. and the Whltehurst property
at 10000
The property. according to Mr.. Will
lis, who confirmed the news Of thu
sale early yesterday afternoon. was
bought ny him as manufacturing
site. lie declined TO state the nature
OF tbs enterprise contemplated, for
good business reasons, saying however
that ii would be considerable time
! before the enterprise Nnatured.
Mr. Willis is a business man OF
unusual activity and energy. He has
long record OF successful endeavor
in Richmond. and those who know him
say that he will get whatever he goes
after. He is evidently going after
something big for Richmond. and
here's hoping that he lands il. OF
course. it would not be hard to make
10 f.f
prise which MIR. Wills contemplates
tahiishing but. as Mr. Willis deems
IL best not TO give It out at this time
IN an authoritiys manner. the Xir-
gilman feels II would be unjust TO
him. il not hurtful 10 his enterprise.
to indulge in specuIations relative
thereto. AT the same time there 10
no harm done by throwing up our
hats and saying "Rah for Willis"
Anothsr Tall Building.
AS indicated on several occasions In
the Industrial pages of the Virg1nian
| the site OF the old National Bank OF
Virginia building is soon to be i'm
proved and, while no official announce
ment has been made by the recent
purchasers. OF the property az TO the
character of the structure to be erect
ed, l. has been known for some time
/ that x modern sky scraper was In
contemplation. 1t is now reported that
the new building Will DO twenty-five
stories high and that il will cost close
| 10 a half million Of dollars. Owing
To the fact that the building has an
it's neighbor the new Federal build
Ding on its western boundary. with
splendid open space for light and
air. which VIII never be disturbed, II
will enjoy unusual advantages OF a
clear window space on both sides, as
Its eastern boundary is the line of
"
the real estate firm OF Pollard and
Bagby. was quoted yesterday as fol-
| lows:
Yes, it is almost certain that this
building VIII so up. / do not like to
announce the fact officially, as the two
men most interested are not In Rich
mond However, you are on the right
track, and though | viii not allow my
self TO be qnoted as saying that the
plans have been drawn for this build
! ing. l may say that there have been
full plans suggested and that there
VIII not be the slightest trouble 70
raise the necessary funds"
I Among the Agents.
| While number Of small sales were
! made during the week. If the real
/ estate men are 10 be believed, the
general trade, SO far as actual closed
/ transactions are concerned. was duh.
| However the week has probably
/ been the most active one of the year
! from a Rental standpoint Every
agency reported splendid demand for
/ houses and, from the marks on their
rental lists, ii would seem that very
large proportion Of the citys popu-
! lation will be on the move between
| this and the first day OF Septem Der.
| One Of the agents remarked that he
| had a number of requests from prog
| pectiVe tenants who are to get pos
session of their houses September 1.
asking the privilege of moving In
| sooner on account OF the fact that
| there viii be no wagons to be had
to- do the hauling on the first on ac-
count OF the tremendous moving busi-
ness which will be In progress On
| that day. 1t is quite certain that the
| hauling and transfer men will be
| able to bank a very neat sum on
| those who win move the next fort
night.
Golsan & Nash report good South
side and Westham sales. aggregat.
| ing some $4,000 for the weak, be-
sides which they report some few
| trades
N. w. Bowe & Son report that
there was a good demand for BUSH
ness and residential properties. but
regretted that there was not that de-
mand from the working people that
the general prosperity of the city and
| regular employment Of labor would
| indicate as a normal condition.
The Gihboney- Nuckols Company re-
| ported aggregate sales for the weak
OF $4,000, mostly In small Props.
iContinusd on Third PAGAl