The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-20
T w e n Vt w O Story
Building to Go Up at
Eleventh and Main.
BRINGS $4,000
PER FRONT FOOT
Record Figure With One Excep.
tion-Rumor That Purchaser
Is Coca-Cola Company-Site
Adjoins Post-Ofice,
With Permanent
Alley.

Hichmonds next skyscrapcr. a TWEEN
tytwo story office building will, accord :
ing to we'll authenticated report, De
built at the northwest corner OF
Eleventh and Main streets. next to the
new post Office. IT Is stated that but
a short time will elapse before this
will be added 10 the long list of tower
ing structures that have raised their
heads in this city during the past three
years.
The site for the building has been
sold By the owners, !. H. Kaufman
and Raphael Levy. for the sum of
100000. With the exception OF thirty
feet on Main street between Ninth anc
Tenth. which changed hands few
months ago, this figure is the high
water mark for real estate prices in
Richmond. The lot fronts sixty feet
on Main street. making price OF S5,-
ono front foot
Basby, but the members OF that firm
refused last night TO verify the state
ment, remaining discrcetly silent.
May Be Cocn-CoIa People.
According to ore rumor. the pur-
chaser Is the CocaCola Bottling Com
pany. OF Atlanta. Ga, makers OF a
soda fountain product and owners OF
J
few others OF the larger cities. Where
this concern has made such an invest
menL II retains offices for its own use
and rents the rcmaindcr. 1t IS sup
posed richmond would DC made more
of distributing centre for &drm. II
D. s really the buyer.
Another report. TO the effect ;hat the
Commonwealth Bank had sold it's lot
at the southwest corner az Tenth ana
Moi ,st- e1 a trI e =
day. This rcport probably camc from
the sale Of the property at Eleventh
and Main.
News of the sale OF the property he
came known throughout the city yes
tefday morning when some of the
tenants OF the buildings were given
notice to vacatc There was general
interest in the matter. and many in
ouiries were made regarding -,h" facts,
although the real estate firm declinco
10 divulGc any Information.
The matter OF vacating the buildings
may he q serious one A director OF
the Richmond Bank and Trust Com
Tany said last night that that concern
has a lease on the corner room extend
ing TO December /. 1914, and he did not
hclievc this would be relinGushed. II is
possible, however, some arrangement,
can be made with the bank.
Tear Down TWO BuiidinEs
Fhe two buildings which viii. ac-
cording to report be razed TO make
room for the newest skyscraper, have
been important factors in this city for
many years. The corner was long oc-
cupied by tho National Bank OF Vir-
yinia. now consolidated with the First
National Bank The other structure
nearer the post-ofce. was the office
building OF the Mutual Assurance So
ciety OF Virginia. now owner OF tho
Mutual Building at Ninth and Main.
The doors of the two buildings arc
crowded with Offices.
One advantage 10 be possessed b.
the building is that there will always
he ample light This Is assured, not
only by two streets--Main and
Eleventh--but by the twenty-foot alley
Immediately east Of tho post-offic &C,
owned by the United States govern
ment, which will always he open.
The development OF modern Office
buildings in Richmond in the past few
years has been astounding 10 visitors.
and ia remarkable TO residents in re
Prospect. Hardly has one been com
peted before another is begun. yet all
OF them are readily filled Perhaps
nothing is more significant OF the
growth OF the city