The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-07-20
FAMOUS 0TTERDURN
SPRINGS PROPERTY
CHANGES OWNERSHIP
Prominent Richmond Men Pro-
pose to Reopen Once
Popular Resort
WATER KNOWN FOR
MEDICINAL VIRTUES
Deal One of Great Interest,"
Resort Once Patronized BY
Elite of Section---Real
Estate News

The most interesting property trans
time took place last week when the
famous old Otterburn Lithia Springs
holdings changed hands. The prop
erty, which is near Amelia Court
house, embraces the hotel eight cot
tages, the famous springs and about
thirty acres of ground, on which there
IL q tennis court golf links, etc. The
hotel has recently been refurnished
and renovated. and many improve
ments made, including running water
in every room. The cottages are fur
nished also an dready for occupancy.
The resort has been closed for some
time, and not much has been heard
recently of the famous water which
for years was favorite with physi-
clans and suffrage from many ills, and
IL one OF the most widely-known min
eral waters in the country.
The purchasers are A o. Swink and
Arthur Levy. OF Richmond. and these
gentlemen are negotiating with an
accomplished hotelist to open the re-
sort.
In days gone by this was one of the
most fashionable and popular resorts
around Richmond, and people jour
neyed from far and near to drink of
the wonderful life- giving water.
There is a possibility that it may be
opened to the public about the list OF
August. though this has not been def
nitely decided. There is little doubt
OF the fact that 1t would quickly as
sumo it's old popularity under proper
management.
Gibboney & Nuckols negotiated the
deal. and they also sold for Messrs.
Swink AND Levy five houses at the
corner of Second and Marshall for a
consideration OF $4,000. A farm on
Broad street road and another near
Fort Lee brought this firms business
up to $4,000, which was probably
the star weeks business.
The Situation Improving.
The week In real estate circles was
not by any means active, though II
showed considerable improvement nj
over its predecessor. and there was
no disposition on the part OF the
agents to complain. Most of them
admitted tho Improvement, but they
lexpected the usual midsummer dull
mess. and to add to this a majority
:of them escribed the quietude TO tight
.money. which is still tho cry down
1.-THE line and has been for some
months. One or two said money was
SGetting little easier. but 1t Is still
too tight for much activity in real
.estate.
Mr.. Thalhimer OF Raab 4 Com
pany. didn't agree with the calamity
,howlers'' In any respect. Business he
lsays has been twice as good this july
las II was for the corresponding period
fof l9l2--in fact he has handled con-
ksiderably more business to date this
$month than he did all of July. 1919.
Money. he said is much easier and
Ethey are doing a good loan business.
Enquiries are picking up too. Alto
Igether Mr.. Thalhimer was entirely
lopttmistio over the outlook for real
sestats
Money Somewhat Easier.
]. Thompson Brown & Company
kbacked the opinion to the extent that
lmoney 10 some easier. This Arm has
ydone q good loan business the past
week. Both concerns had a fair
weeks business in small transactions.
! The opening Of Grace street
Through the Richmond college prop
erty. from Ryland to Lombardy, will
lend some activity to that section.
THE property will be plotted into city
lots and put on the market shortly
land will doubtless bring fancy prices
,as II IL one Of the desirable sections
OF the city for residence purposes. 1,
lis probable that the Broad street and
che Franklin street frontage will be
Offered at the same time. Pollard &
Bagby will handle the property.