The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-05
Rich m on d Buildin g
Boom Continues to
Grow.
MONROE TERRACE
FINE APARTMENT
Westbrook Lawns Loom Up.
Highland Park Addition in
Sight-Broad Street North
side Property Touches High
Water Mark-Renewed
Activity in Suburbs.

There were all kinds of things doing
IN the real estate line last week. and
great many encouraging things In the
building line. Il we'll posted contrac-
Tor is my authority for the statement
taat more contracts were made and
more bids put in and more nSw bids
asked for and more plans completed
Tor building operations last week than
In any week in many years-perhaps
more than in any other one week In
the history OF Richmond The biggest
mat were made public We're the COM
pleted plans for the skyscraping apart
ment house that is to so up at Laurel
and Franklin Streets, on the former
Tenant home.
some time ago the enterprising real
estate firm OF Green & Redd organized
DIG syndicate to buy this property
ior the purpose OF erecting thereon an
apartment house to be the finest and
most modern in all OF it's appointments
or any house OF that character In the
south The plans. which have lust
ncen completed and approved. call for
magnificent freproof house, TO stand
nine stories from the street level and
exclusive of the basement. at the COR
ner OF Laurl and franklin and over
looking Monroe Park. 1t has already
been named the Monroe Terrace" 1t
Ieu that TINS magnificent
building Will cost something over
100000 and that it will be completed
in ten or twelve months from now.
me company and tho architects say II
IL TO be built on certain modern lines
that have never before been ATTEMPTED
In the South. and altogether 1t is going
to be the most up-to-date apartment
mouse south of New York. There is q
continually growing demand for apart
ment houses Of the better ord,r In this
city. and Monroe Terrace Is going To
do big stunt in the way OF meeting
this demand. Green & Redd ar, and
VIII continue 10 be the agents for this
property.
WestbrooIs Lawns.
All Of the real estate aEenci,s have
been busy. and great deal Of prop
erty was sold here, there and ey,ry-
where, although the unsatisfactory
condition OF the Monument Avenue ex-
tnesion situation and some other things
are still keeping many of the specula-
tors indoors. so to speak.
One OF the newest things that deveI-
oped last weak was the placing on tho
market OF magnificent residence prop
crty that Will hereafter be known IS
"Westbrook Lawns" Some weeks ago
syndicate purchased through Haw-
kins q Buford. new real estate flrm.
the inclosed lawns surrounding West
Major Lewis Ginter. The Avondale
Land Company. Incorporated, was then
organized. and they have cut ND the
beautiful lawUs into half-acre and
onr-acre lots. and placed them on the
market for people who want ~ bulli
lne suburban homes in one of the most
delightful parts OF all Virginia There
are about forty-hve lots in the plot.
i've Of which have already been sold.
The entire property is inclosed and all
OF the streets and avenues will be pri-
Vate ways to each and every residence
that Will be erected The Richmond
and Chesapeake Bay cars stop at a
slaton at one OF the corner entrances
to the property.
Another Highland Park.
Another Interesting deal looking II
more suburban development was pulled
or by Ruehrmund & Bowles They
sold for the Richmond Sand and Gravel
company forty-seven acres of land ad.
Joining Highland Park. and the prop
erty Went 10 a syndicate which Will
proceed al once to make improvements
IN the way of sewers. streets otc, ana
| lay the place off into lots for home
seekers. The property brought some
thing over 10000 and much more them
that is TO be expended in improv ,ments
a an early date.
| All of the real estate men vera in
Of last week. All OF them had reason
to be in good humpr, for notwithstand.
| ing the drewba oks already referred 10
| which keep the spectators in n some
what "oti,sh" mood all of til. agents
did pretty good business AMI all OF
them have heard good things that
| make thsm very optimistic as to rho
immediate future. One OF these good
| things one of the agents WHISPERED
| into my ear was to the effect that n
capitalist from a city 70 the north OF
us had been nvestigating Richmond
| property and has announced his !nten-
| ton to invest largely in dividend pro-
ducins property In the business part
| Of this city. and the agent assured me
that the first draw out of the hat win
be the placing OF s25o000 h.re for in
! vestment in business property. prob
| ably on Broad Street. as there seems
to be more for sale thsre than any
where else around the business sec
| lions.
Pollard & Bagby did some Broad
Street stunts last week They re-
fused $4,000 offered them at auction
| for a Broad Street three story store.
and then they turned around and
sold privately nifty feet on Broad.
between Third and Fourth with
stores erected thereon for $751;
900. This is said to be high
side" OF Broad. Wilhelma Schmidt
was the purchaser and III. S. Waller
stein was the seller. Three stores are
being erected on the ground This Arr,
also sold to p. w Hessberg. No. 1918
I Easi Main Street for $4,000
! Green & Redd report sales OF invest.
ment property, income getters" as
Mr.. Redd calls the houses and lots he
sold. amounting to $4,000, They were
| scattered all over tho city as