Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-21
FORTUNES MADE
IN SALE Of LOTS
ABOUT BIG PLANT
Real Estate Development in
Prince George Reads
Like Romance.
CATHOLIC PRIEST MAKES
FORTUNATE PURCHASE
Buys Tract for $1,000; Can Sell
at Profit Enough to Build
$4,000 Church.
AGENTS TELL OF PROSPERITY
Thousands OF Lots Have Changed
| Hands-N1uch Building
| Going On.
CATHOLIC PRIEST MAKES
FORTUNATE PURCHASE
AGENTS TELL OF PROSPERITY
Thousands OF Lots Have Chaupcd
Hands-Nfuch Building
Going On.

There nave been many stories told
Of fabulous increases in the prices OF
real estate in Iiopewell. Unlike MANY
reports Of this nature from communi
rapid the most striking Of these are
capable Of veri.ication, and IN several
instances the vcr,ication has proven
that there has been no exaggeration
or the rise In values.
y few days ago a reporter for The
lmes-Dispatch was talking with
Father Halter, rector of the Catholic
parish of Petersburg. in whose terri.
tory fiopewell is included The priest
Is an interchangeable worker. and has
displayed judgment Of real estate in
H"pewell. which would qualify him as
Il tinancier of ability
Father llaer was asked how neor
true was the report that he had pur
chased twelve lots i'm what is nou. III.
business section OF Iopewell. for ST.
2oo,. and that he (for the church. of
coursc)' had standing offer for n
part of his holding, and had d big in
'cone RON the ground rents in the other
lots What the priest told the reporter.
not only confirmed the most glowing
reports as to the results OF his invest
ment. but he gave details which have
never before been printed
CAN REALIZE ENOUGH FROM LOT
SALE TO ERECT CHURCH
from The sale of a portion OF these
lots. Father Haier said that he can
realize sum sufficient to paw for tbc
new catholic Church at Hopewell,
which Will cost $4,000. The coutract
was let Tor the editice month ago,
ana work is now in progress. He eY-
poets the building to be ready for oc-
rupancy early in the New Year.
The title to eight lots purchased bv
rather Haier at The first lot sale
last March--has been retained aud n.
stated That the income from the ground
rents under long term leases Is an
proNimately $500 Il year In other
words, the income from the property
held as an investment is more than
four times the amount he paid for the
twelve lots.
rather Haier appears to have tho
greatest confidence In Hopewelrs flu
ture. and is holding title to tho LOTS
the value Of which he places at from
$4,000 10 $4,000. This is regarded a.,
a conservative estimate in view Of the
selling price OF other lots Il, the i'm
mediate vicinity OF his holding For
one OF these lots the priest is said to
have refused an offer of $4,000
BOUGHT LOTS At
FIRST AUCTION SALE
Acting for the church. Father Haier
requested Il friend to make the pur-
chases for him nj the first auction sale
held in IopewelL The friend adj
vised the priest to be careful about
making such an investment in Wow
OF the fact that there was no certainty
as to the permanency of the f. I. du
pout de Nemours Powder Company's
plant. then in its infancy. Subsequent
Developments with gigantic enter
prise in operation has proven the Wis
dom OF Father IIaiers foresight.
The experience of the Catholic priest
in Hopewell real estate is indicative
of the general upward trend of values.
In the business section of the Magic
City, which is known as Hopewell
proper. the increase has been more
rapid than in the additions to the town,
which have been put on the market
from time TO time since the first lot
sales on the tract, which was owned
10y the Epcs estate with Richard Epes
as agent
However. the lots in the newer addi-
tons have scared, and those who were
in on the ground floor have made
money in Jumps. In most instances.
the operations have been apparently
with quick profits in view, hut there
have been purchases made by several
thousand people who are building
homes or expect TO begin construction
at an early date.
HOUSES GOING UP IN
EVERY DIRECTION
The number OF houses which arc go
ing up in what would be termed tho
suburbs Of any Well established com.
munity bears out the statement that
homeseekers are making real estate
purchases. and that the buying la not
confined TO those who desire to make
money by reselling lots. As rapidly
as material can be secured. houscs arc
going up Contractors have their
hands fun. and are constantly Keeping
the telegraph and long distance tele-
phone wires not with orders for lumber,
brick, cement and other necessarIes IN
construction work.
|. e. Shore. OF Petersburg, who Ia at
the head OF the HopeweiI Land Conn
Continued on Eighth Page,)