The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-07-14
Midsummer Dizziness
Not as Dull as 1t
Has Been.
RENTALS ACTIVE;
SALES FAIRLY GOOD
Two New Development Plans
Start Off Well-Colonial Place
Annex Looms Up-Consider-
able Business Property
Changes Hands-Nearby
Farms in Demand.

inc Hl'u-SLHWcF is mere; no doubt
about that Anybody can look q, A
Thermometer and md out about II. or
without looking at one as for taat
matter. AID ihat comparative auAness
IN the real estate marAct that always
comes ATOMS win tAe m.a-sum!ne.
Guns - l.sD mere, but tnc agents say
lt 80 nct a.tvs.enr. SO pronounced "a
j. las DtrA "a some io!m.l u!u-sulu-
inefs More then the usua. activity
IN the rental business mas helped ia!s
yea- 20 e.s.pate that !neY.t4olv lot
time d-!.ness There can De 10 doubt
OF tne ;act tnat rental departments u
al! u tue agencies naEe ateu Kep, CA
,.ec!ng!y uusy since the nrst Gay ..
June. ana ia. wOI. goes Dravely on.
one very cptOmlstiC agent sald TO ne
when snOl an Interrogation point
under ms nose There Is plenty OF
business because there IS q plenty oi
money - Oe invested IL IIcnmond
realty. nobody who h1E invested IN
h!enEond d.rt IN the las, i've yeas
has lost money and ia ny !lagmemt|
NOBODY VINO invests 5udic.ous!y. VIII
lose any 10. the next nye years, bat
when tn Weather gets so awfl!ly hot
even inOsc WtH informed people WAy
know th=t re4! estate is q good thing
II II be ~ 81 about q good town Ike
Richmond ct niue slow anG slow
people make slow business Tor the
time being, but they are not goins
10 remain slow all the time. The out
look Tor big business when the days
Get shorter ana cooler Is very line"
Other agents VINO were forced IN
der the same nook o; an Interrogation
point. declared tina, the expected mid
summer lGaness was something 81 q
surprise 70 many @; ths agents III tina,
II had not come with its Geual vicious
ness In ih!s fortunate class may be
mentioned the hrm Of J. Thompson
brown &. Co There gentlemen declare
that business with tneHl for the past
week was really above the normal.
Colonial Place Annex.
There have been TWO Very interest
Ing new developments during the past;
week. The West Broad street Land
company. OF which i. l.. Mcclellan S
the president has opened up Z great
industrial! and terminal property u
the tay West or Northwest End. and
placed the same on the market The
other is the opening up o; Colonial
Place Annex. Just beyond Colonial
Place that has figured so favorab.y
In rea! estate transactions for the past
Year or more. THIS new addition 10
sreaier E.-nmond VIII be put on the
market to-morrow By the Bunting
Realty Company. whose once is al
iils East Main street.
This Colonial Place Annex IS a beau
tful piece OF property just West 81
tie c!ty limits and adjoining Colonial
Place
the promoters of this property are
some OF the same people who sold Lee
Annex. Boulevard Residence PARK. and
co.onia! Place. and have also sold
great deal OF property IN and about
Norfolk. J. L. Bunting. the general
manager OF this enterprise. has been
handling real estate for the pas; twelve
fs,I .sN
rons always meet him with smile MS
purchases from him and his associates
have brought good profit on their in
vestments He will handle only Arst
clsss property. and many people say
he is d good Judge OF real estate and
location.
All Along the Line.
Getting down TO actual business. all
of the agents tell OF unexpected sales.
and some Of them venture. 70 hint at
some "expected' sales that old not
materialize
Kaab & Company. Inc. report re-
newed and healthy activity on low
or Main Street. between Fifteenth ana
Twenty second Streets. 1T is well TO
hear in mind that property in this
vicinity has had no great advance and
is selling on its merits Many new
store buildings have been constructed
In this nc.gnborhood.
Chas. Z Straus. Jr.. and Allyn c.
straus are pulling down the old
building ut 1915 East Main Street and
Will construct modern twenty-hve-
foot front store and dwelling on this
site that will be the finest In the
block
No. 1927 East Main Street has boen
purchased by j. w. Bell.
Il. y. Catlin Company las, week
sold TO \. r. Sheppard and William
Cailin l42 feet OF good ground at the
southwest corner OF PARK Avenue and
Addison Street for $4,000. The in
teresting feature about this sale is
the fact that the purchasers have al
ready formed a syndicate to erect on
the ground Il twentieth centur, apart
ment house and the plans are already
in hand. 1t will be II five-s;ory house
with forty apartments OF 1--WE rooms
and bathroom to each. 1t is un-
derstood that work on the building
VIII be commenced at once, but OF
these facts there will he moro to say
later on.
Some Good Sales.
j. Thompson Brown * Company,
when approached. were little shy
as to giving particulars OF some good
sales they were reported TO have
made. but the junior member OF the
~''Sttt' 'VOSVHtO w SuiHSitHbiS " iSt
out that they have already sold in
conjunction with Green <. Reed. who
represented the purchasers. two Main
Street stores. between Twelfth and
Thirteenth Streets, for about 100000
but did not feel at liberty to give
further particulars.
They also report the sale OF Penalto
Cottage at $3.50 to L. f. Droaddus.
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