The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-23
BUYS SITE FOR
APARTMENT HOUSE
Wealthy Citizen to Build
Structure At Franklin
and Laurel
PREPARING FOR
MORE NEW SUBURBS
Feature of Week Is Demand
for Acreage, and Many
Deals Are Made-Let
Important Contracts

a ~ Y,s.lf *
ta.. ha -, -, -. 80.
'se -" W '''"Ne hio'e "'"'"'s
Nian AT any ume since wintrN weather
set in and many OF the agencies re-
mort rooa sa,.x
p-l.,S,
1iooAoiS the most interesting an
nouncement of the week is to the ef-
feet that we'll known Richmond
rs, 80,
'Hs fN' y.
lhe southwest corner OF Franklin and
Lauren streets, oVerlooking Monroe
fark. and that he Will shortly be-
gan the erection OF one OF the largest
apartment houses In the city. strictly
fnooern IN every particular.
~ u SAID that the papers VIII be re-
corded IN a lew da'- in this trans
action. While yesterday The Firginian
was able to conhrm the facts OF the
transaction II was nos enabled 10 go
into the details OF the deal.
IL IL understood mat the price paid
for the property was $4,000. The
purchaser Ia one of the most wealthy
men In the city.
Modern apartment houses have
proven good investments IN Rich
mond, and there Is demand Tor
such living quarters.
1t is reported that another apart
ment house will be put I'm on the
EchtucdSt IAadi ant al 4 Edhhli anu
I.ombardy streets just west OF the
residence OF George J. Seay.
In All OF the principal real estate
offices deals are pending looking 10
the SAFE or SUBURBAN tracts Tor carry
development. nlr4hs tne "eeh
cohsiueIaoie saie OF inns character
was mace oy ~ \" boWe x son, VINO
SOLO thitts s'A aste tract on Shaih
Derias avenue the properly ueihs
ioca.eo ne'"eeh tie ci'. a,'o 1919
talk. Inc purchaser WAL
10 suo-uV'oe tne tract AT one.
49, sake IN 'ii,s LII, - ,',s
~ At, .aL.r IN bw ean1tai,sts nrn.
DC an .ahen up ny oariar,sS's p'o-
'''s ~n..,i S,,h,,,h
7, T.. rot ha,.nna ~ 80 of nroh.
,,.t,,..s -, ,hara Vii ~. ssfor, iorv
~ a., ,raaa lookinn 10 ,ha launch
a.. ~ no.or.rativs sIhnrh--fhat 4,
one in which the land will not be
6rst hn,,aht nm h,. canitaIists and then
ola an a. q considerabIe nrofit. but
one In which the ultimate con
sumner" the man who usually doesn't
wars nm n thc fact that he really
ought 10 huv some land unit, the
prire has passed the acreage stage,
twill be in" on the deal from the
ground floor 1t is understood that
a move will be made in this direction
n.
Houses Rented Before Begun.
An interesting sltie-light to the rem
tai situation in Richmond Is shown
nv the fact that Mr. w. J, White
hurst. who but recently purchased
four lots on West avenue east OF Lom-
hardy street, has already rented the
four two-story brick dwellings that he
viii shortly begin to erect upon this
property. The demand In Richmond
seems to be for wei1-located prop
srtv OF moderate cost, and properly
which answers these requirements Is
snanned nm bv those who are looking
| for homes.
| MANY Saies on Seyente enth Street.
| Among the localities which have
! been the scenes of much real estate
/ activity the past week has been Sew
| enteenth street from Broad street 20
| the Chesapeake and Ohio shops. Prob
| ably a half dozen agencies have made
sa,es of property in this section In
| the mast few days. Richeson a.
/ Crutrhfield we're among those To close
] deals on this property.
| a>ll Farm o., aroad Street Road.
! Golsan Il Nash sold Il $4,000 farm
on Broad Street road during the week.
J This arm also sold small acreage
/ tract on the extension OF Monument
avenue. and Ave lots in Westhamp-
; ton. besides which they have a num-
/ her OF deals pending.
! Sunshine Good For Colonial Place.
/ The Abbey Realty Company report
! more lots sold during the past week
i in Colonial Place than for any SINH
! lar period during the year. This
! property has. enjoyed the advantage
! OF the westward. no.. movement.
! and the owners have disposed OK an
| but about a hundred lots In the SUD-
division:
| Business the oees eS -.
Saying httte pu. SAVING ~o"u nv
frm OF >. =. Connes op he
during the hrst TWO m sn,n 81 ,ha an
present year d,u n h.n., uas sly s,at e.
ever oeIose "a ns ~, MI. srno H. one
| ssS!nk sra. e uI ~ tho city and
! y. sns . .nosr nas, vear m,,le,, OF some
~ u' M lar largest transactions made In