The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-08-03
|lTTERbURN L|IH|A
|SPR|NGS PROPERTY
AGAIN TRANSFERRED
Famous Old Resort is to Be
Reopened for Visitors
Next Summer
s PURCHASED BY
LOCAL SYNDICATE
IN Exceedingly Quiet Week in
Real Estate Circles---Hot
Weather and Tight
Money Responsible

The Otterburn Lithia Springs prop
rty has again changed hands. AS told
Exclusively In The Virginian recently.
no famous old hosiery, together with
p eight cottages. the springs and con-
Aderable acreage was purchased by A.
Swink and Arthur Levy. Yesterday
deal was concluded whereby the
Property passes to a syndicate of Ave
Richmond men. The names of the
pen composing the syndicate as well
. the price paid for the property.
Fere not stated. though 1t In wills
|ered that Messrs. Levy and Swink
eaiized a fair profit on their invest
hent
To Reopen Resort.
1t Is understood TO be the intention
g the purchasers to reopen the resort
Arly next summer after it has been
thoroughly renovated and put In first
lass shape. Once upon a time Otter
|urn Lithia was one OF the most fam
us resorts in all this section and the
arces and other entertainments held
here were largely attended by Rich
pond bellies and beaux. In addition
nany Richmond people of prominence
pent the summers there. drinking
RELY OF the life giving water and en-
bying the quiet country life the re-
ort afforded. That 1t is 10 Big re-
Tory Will be heard with Interest.
Gibboney a. Nichols. Inc. who en-
|ineered the deal, also sold big fac
Dry side on Broad street. near the
|outhern stock yards which is to be
Immediately developed, tfNugh for
he present the name of the pur-
haser is withheld. The property
brought $4,000 This company aiso
old 1871 feet at the corner OF Park
venue and Addison street. which
rought 32I 1000.
More West End Lots.
Very shortly these alert agents will
|ut on the market the very desirable
property which lies between the Ros-
meath road and the belt line on Park
md Patterson avenues, The property
AS been made ready TO open If for
building lots, Streets will be cut
through and city improvements in
hailed at once. West End property
about as scarce now as the pro-
erhial hens teeth and news that
here In yet another slice Is interest
nG. There Is over 1000 feet OF land
the tract.
Another interesting announcement
the week In real estate circles In
he news that Charles Morrisett and
A. Leak. Jr., have connected them
eives as partners with the Gibhoney
Nuchols establishment. Mr.. Nor
isett was formerly with A. mos & Co.
nd Mr.. Leak with j. ID. Cook & Co.
both are men of experience and both
Ire popular and they will greatly
krengthen the already strong real es-
hte team which composes this live
(rm.
Mighty Dull Week.
But--gett!ng down to hard pan
was a mighty dull week. Two or
hree OF the agents did good bust
ess One who Is known TO have had
good week refused to talk about 1t
4 all The vast majority did pracA
Icaily nothing, and are to relate-~a
ew OF the most enterprislng and most
optimistic almost got into the GALLANT
ky-howiing class over the intenseness
1 the midsummer dullness. Men
rho seldom complain OF duh times de-
Haired that II Is the dullest period they
lave known in years of experience.
The intensely hot weather of the past
Feek, coupled with the continued
hghtness OF the money market, Is re-
ponsible. and one agent who knows
he situation, declared that over
FAding was responsible very largely
or the quiet situation. 1t was the
General view. however. that things
vouid soon begin to pick up.
Mr. Green, of Green & Redd. re-
narked Just little relief from
his oppressiyely hot weather. cool
pell--and the real estate market Will
be itself again. If we can get an
hexation through pretty soon the
boom will come even IL 1t stays hot"
Green & Redd had one good auction
ale disposing- of the lot in the rear
Il s10 West Main street to Fritz Sit
erding for $500. 1t is 80 by 60