The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-07-20
REAL ESTATE AND
BUILDING NEWS
Midsummer Dizziness Is
Slowly Passing By.
Better Feeling.
BIG BON AIR DEAL;
OTTERBURN SOLD
West Broad Street Dirt Goes for
$375 Per-Stores to Be Erected.
Big Sale in Forest Hill.
Some Activity in
the Charming
Suburbs.

spring or winter or fall seasons passed
by. last week was dull one in the
real estate realm, as all Of the mid
summer weeks might be expected to
be. but all OF the agents note a de-
cided improvement In the very air as
compared with three or four recent
weeks. The rift In tho cloud Of mid
summer dullness is widening pcrcepti-
bly, This does not mean that any
rushing business was done last week,
but 1t does mean that the financial
situation is growing daily more favor
a6le 10 real estate investment and to
speculation. even, that rnere is more
inquiry. that there IS a stronger feel
ing generally and that the volume of
actual sales has been greater than for
several weeks past.
II Is true that nearly all OF the
sales were the smaller order, the
Kind that tho agents do not like to
report in detail. because OF the small
amounts OF money involved, but 1t Is
also true that the aggregate footed
up something worth talking about
The larger sales transactions were
some that have been hanging on the
string for several weeks. and have al
ready been at least limited at in this
column. but they reached final con-
sumation only last week
south of the Raging James.
Among these was the sale OF twenty
five acres on the south side OF the
river in the Forest Hill region w
II. Wyatt, Jr., and GeorgeaE. Wise
bought OF James r Bradley the
land overlooking the raging James
and Just opposite the property on the
north side OF the stream OF James
Dooley 1t is understood the pur-
chesers paid 500 per acre for the
, ground. just What they propose to do
with the beautiful bluffs in the way OF
development doth not yet appear. but
they evidently have something up their
sleeves.
Another big suburban deal and one
that was limited at in this column n
week ago. was pu.ed OF By Golsan &
Nash. This firm sold the 800 acres OF
Robert Kirk near Bon Air. in Chester
Held County TO the Greater Bon Air
Realty Corporation, a real estate con-
Germ that recently chartered by
the State Corporation Commission. The
property is n magnificent farm and
residence on the outskirts Of the VII
laga OF Bon Air, formerly owned by
w. S. Forbes. The price obtained for
Mr. Kirk was $4,000. II is understood
inat the Greater Bon Air Realty Cor
poration Is an association that is
closely affiliated with the Bon Air De-
velopment Company, OF which r. S
Winston is the president, and which
owns some 500 acres OF the Bon AIR
Properties.
Thus the combination now controls
1000 acres OF this splendid suburban
property. and there are all kinds OF
rumors as to future development. but
the Interested parties are very ret!-
cent as 10 their intentions, and the
work that Is on ahead 1t IS under
stood, however. tina, their first work
will be the securing of better trans
portation facilities either by the steam
line or new electric lines and then the
work of making Bon Air Richmond's
lovliest suburb will be commenced in
dead earnest.
otterburn Springs Change Hands.
Another out OF town transaction of
considerable dimensions and which was
also limited about last week was pulled
off by that enterprlsing firm OF Glib
mony e Nuckols. These gentlemen
sold the otterburn Springs property,
in Amelia County, thirty odd miles
from Richmond TO Oscar Levy and A.
o. Swink for $4,000 cash. 1t is be-
l!eved 10 be the intention of the pur-
chasers to further develop the prop
to have intended 1t to be, a most popu-
ating with manager to open the
springs for guest even this summer,
and 1t is more than probab that the
opening will he announced in n few
days. Gibbony & Nuckols also made
the largest city sale of property that
turned up last week. They sold the
five stores at the southeast corner OF
nd Eon
900. For reasons best known to them
selves they withheld tho names of the
purchasers. They also sold a lot in
Forest Hill and small farm out on
the Broad Street Road.
Broad Street In LimeIight.
Amos & Company closed UP big
sale that they have had on the string
for several weeks. 1t comprised 100
feet on West Broad Street, between
Allan Avenue and Meadow Street. S.
r. Beverage and f. l. Frost were the
purchasers, and the price they paid
was 1915 per front foot The new
owners OF this valuable property an
nounce that they propose to erect at
once five stores on the ground they
have bought. Amos & Co, also report
the sale of $4,000 worth OF West End
suburban property, and several other
small sales. making their grand total
run up to something like $50, 300
The weeks transactions show that
there was something better doing In
the suburbs. Golsan & Nash sold 81
BOO worth OF lots in Washington Ter
race. and various agents tell of good
sales IN Ginter Park. Highland Park
and the new addition thereto, Barton
Heights, Battery Court. Norwood and
Westhampton. Altogether there Is
marked Improvement in business so
far as the suburbs are concerned.
Recent sales by Moorefeld & Blake
foot up S25.700, including vacant lots
on tho Boulevard and residential prop
ora I ot ~ of mn oh