The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-03-29
Pollard Bagby Make One of the Big Sales of the Season
AT Madison and Broad Streets For
Which Big Price Results.
Goes For 1900 Front Foot
From Bryan to Hessberg
Glen Allen Corporation Make Extensive Repairs Preparatory
To Opening of Handsome Hotel For Suburbanites In
Summer and Winter-Real Estate Business Is
Gradually Picking Up

With the coming Of spring the real
estate men are beginning to oil their
machinery for what they believe will
be d record breaking streak of bust
ness
The snow is melting and the daisies
are shooting up from the ground, so
that prospective purchasers may with
impunity get 10 the scene without
chances of becoming encompassed
with germs Of grip and pneumonia,
Many small deals were reported
during the week, while the agents
hint that there are several big ones
in hand, with prospect of early devel-
opmeut-
From the office Of Building Inspec-
tor Butler comes most encouraging re-
ports of prospective building, which
naturally means "A boost for the real
estate business. For" says Mr. But
Ter, every new building proves an in
centive, and the more new buildings.
the more real estate business must be
transacted
A sale was pulled off at the Real
Estate exchange on Thursday. when
Chesterfield farm was disposed of by
Pollard & Bagby for $4,000. This
further proves that the exchange is
doing much good for the agents as
well as the purchasers.
Rumors are In the air of the build
ing of d number of warehouses in the
vicinity of Seventeenth street and the
dock. Business Elen realize that this
location is a typical one because Of its
proximity to both railway and water
way transportation, II is also looked
upon as a model site for manufac-
tories and mills, with the splendid OPP
portunitjes for water as we'll as other
power.
The opening OF Mayo Bridge has
had a tendency to turn attention TO
this locality for warehouses, because
both the north and south sides may
receive quick attention from the bust
ness men located near that point.
The council committee on docks Is
doing everything it can, under the
leadership of Chairman Rogers to i'm
prove the water facilities. so that
shipping may he minimized so far as
time is concerned.
Big Broad Street Deal.
Pollard & Bagby finally consum-
mated the deal for the property near
the corner of Broad and Madison
streets. on the south side of Broad,
from r. p. Bryan to F. W. Hessbers.
for $500. This property fronts 45
feet on Broad and is thirty feet from
the corner of Madison. The property
j
cred one of the big deals of the sea-
son. and indicates the valuation Of
property in that section of Broad
street.
other sales reported by Pollard &
Bagbv were. Lot on Grace street near
Allison for $500; residence at 80
LON hardy street for $3.50: residence
1919 West Cary street for $1,000.
President w II. Adams, of the Glen
49,. NO. fyA
many improvements are being made
at the hotel at that place and that the
hotel will be opened within a short
while for business. This corporation
purchased the property some time ago
from the Cussons estate. and contem-
plates the establishment Of subur-
ban resort of the highest character.
Trains stop there at convenient in
tervals during the day, and 1t is the
idea of the corporation to make OF
the hotel a place where business men
and their families may spend the sum-
mer as well as the winter months in
close touch with the city and bust
ness.
The roads will be kept in perfect
condition so that automobiles and
other vehicles may reach the hotel
without in convenience and in short
space Of time.
Catiin u BROOKS nave several larSt
deals in hand, with prospects Of being
lciosed within the week.
Elan & Funston report that there
lere a large number of small transac-
tons on the tapis, which may deve4op
Unto something tangible within few
days.
Commissioner Hirschbers said yes
terday that he felt there would he
much building and enlarged activity
in real estate matters when the city
got into its street Improvement
| scheme.
II believe said Mr.. Hirschberg,
THAT the improvements the admins
trative board contemplates will start
a forward movement in real estate,
for ii is natural to believe the better
streets will not only increase valna-
| tons of property, but will cause own