The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-04-27
BIC DEAL ON "WRONG"
SIDE OF BROAD STREET
Great Slice of Block Between First and Second Streets Acquired
by S. T. Beverdge at Good Price-Owner Will Improve
Property Either With Modern Theatre of
Automobile Exhibition Building

The most interesting deal in Rich
nond business property that has been
R.eeerded in long time, and one which
Rneans the transformation of a block
Ebn the wrong side OF Broad street
#yas consummated last week when
#Sibhoney & Nuckols sold TO s. T.
E3everideg local capitalist, the larger
Ehce of the block between First and
EEecond streets, with frontage both on
E&econd and Marshall. While the ex-
&C. figures were not given out. 1t is
that MIR Beyeridge paid
Ebyer s360, 600 for the property.
N The purchase. giving frontage on
hire streets. and totalling about 20
MOO square feet is one of the best
III Combinations of business property in
#aichmond MIR. Beveridge acquires a
II Frontage Of thirty feet on Broad street
Between First and Second. thirty feet
III Second between Broad and Mar
hall and 100 feet on Marshall street,
Nh property being uncut by allies, ana
whole forming a solid acquisition
Nf ahuting real estate in the form of
Nha letter Tone Of the most unique
transfers of business property in the
&Aistory Of Richmond.
@ May Erect Theater.
III While neither MIR, BeTerldFe nor
#8f1e agents who effected the deal have
sM4ven out any information rs to what
disposition the purchaser expects 10
@nake of his newly acquired properly,
IN In known TIM he contemplates i'm
m ed late and extensive Improvement
Nh is known. furthermore, that. MIR
a@severidge has been approached by the
M Representatives of "A large theatrical
@yudieate with the idea Of erecting on
- site a f4rst-c1ass, up-to-date
2Sraater. and those who have heard
- report are Of the opinion that the
&sfe. aTorriiug entrance on three
#%streets. would be ideal fer this puT-
NJ oae. to say nothing Of its central To-
#ation. which would make the prop
RSrty ominentiy desirable fer that pur-
81 ose
ri Another rurnor IL that big auto
#s1ohfle exhibition building viii he
Erected by the owner. which can he
Nsed hy number OF automobHe
8vencies for the display of their re
A>ecttve ears, which would be sort
" permanent show place for that in
#ustry. where the public could see all
Die various MAKES Of cars under one
soef
4 Ii in expected that Mr. Reveridge
Nil make public his plans in week
Ar so In the meantime the facts ms
n the saie are facts and IL stands IL
~ credit If Gibboney d Nuckois e.
Muftng over the biggest single deal
Mstate circles for many months
M Real Estate uiet.
III Generally speaking, the real estate
market has been quiet the past week,
18th many of the agents complaining
HI present~day duliness. though all
W3tlnaistic as to the future. The only
Itivity Of any note was fin the suburbs
Mnd In at least one instance this was
N4arked Though only put on the
@arket Monday last, when the pro-
Aoters held their opening sales day
/ noon yesterday $40 lots had been
Bid in Monument avenue park. There
re only l,a9t lots in the entire tract
that before another week has pass
this attractive suburb Will have
zen closed out Such phenomenal
L deposition Of rev subdivision was
Eohably never before equallea TN the
istory ~ the local real estate market
q he lots, which have brought from
- 10 $50 n front feet. have been sold