The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-24
TAKE OPTION ON
BANK PROPERTY
National Bank Of Virginia
Would Sell Site for Sum
of $500, 900
ANOTHER SKY-SCRAPER
is POSSIBLE PURPOSE
Parties Who Are Behind the
Deal Decline to Discuss
Any Of the Details at
This Juncture

Certain Richmond parties. II was
learned Wednesday, have taken an OPP
ton on the National Bank OF Virginia
property at the northwest corner of
Eleventh and Main Streets for $500 600.
Further than this, those Interested in
the deal decline to give out any infor-
nation, even refusing to divuige the
time Of the option. What the prospec-
tive purchasers propose TO do with the
property is also something of q secret
at this juncture.
The property, consisting OF a three
story building, fronts 81 feet on Main
Street and runs back to an alley along
Eleventh for 81 1-2 feet and Is regarded
as an ideal site for q new business
structure. Beyond the alley which has
II width Of s feet Is the Carneal prop
erty including the Capitol Law Build
ing having the same dimensions as
the National Bank site. Between the
alley and the Law Building are sew
eral one story office structures one OF
which is occupied ny J. d, Carneal and
Son, realty agents. and owners OF the
property behind the bank site.
+ Site is in Demand.
Several months ago when the First
National Bank syndicate was looking
for site on which to erect the twenty
story skyscraper. which Will go up on
the site Of the Chamber of Comm cree
at Ninth and Main Streets. the Elev-
enth and Main site was among those
under consideration for time. and
would probably have been selected
had the figures been satisfactory.
A member Of the Carneal firm stated
Wednesday that they had not been ap-
preached recently in connection with
the disposition OF their property and
as they are netting IL per cent. on
an estimated value of $4,000 they are
not eager 10 sell out just now. he said
Another In Sight.
The National Bank OF Virginia build
ing Is now unoccupied, having been
vacated last summer by the bank when
X merged with the Bank Of Richmond
and moved into the quarters OF the
latter Institution at Ninth and Main
The attached adjoining building at
Eleventh and, Main, next to the post
Office site, is known as the old Mutual
building 1t was bought by the Ma
tional Bank of Virginia about two
years ago.
1t is reported that skyscraper will
probably go up on this site, although
the depth of the building would be
rather limited for such a quarter. An
other report has It that handsome
bank building WIFI be constructed
the site. perhaps five or six stories in
height
Real Estate Deals.
Several deals involving sales some-
what above the ordinary were record
ed Wednesday in the chancery clerks
office
These were as follows: r. :. Waller
stein 10 Nora r. I4eaTy. two bricks 81
le0T~i609 West Broad. $4,000, subject
10 two deeds of trust. amounting to
s13 500.
Maude r. Freedley to SaIiie L, Tay-
Tor. three story brick dwelling at 1871
Monument Avenue, $4,000,
p H Mayo TO John 7. Branch. lot
on south line OF West Main Street OPP
pos!te Monroe Park. $6,s12.5o.
Building Inspector Beck Issued n
s,ersssat IA et7mestiais auta,gsr4si4A- eKeetsaTa
Of the Asbury Place Methodist church,
on the south side OF Park Avenue be-
tween Allen Avenue and Park Street.
TO cost $4,000
y, W. Shrecengnst was also granted
permit to erect five detached two
story frame dwellings on the north side
of Louisiana Street between Marshall
and Gillian Streets, to cost $4,000.