The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-05-07
QUARTER MILLION
TOTAL IN Weeks
REALTY TRADING
Richmond Property Never In
Such Demand at This
Season as This Year.
BUILDING ACTIVITY
ALSO ABOVE AVERAGE
Nearly Hundred Thousand
Authorized Last Week and
Applications For $500, 900
Now On Hand.


Now On Hand.
Despite the coming of warme.
weather and the summer season in
which there usually comes let up in
realty and building operations. ac-
tivity continues at a high point In
Richmond. Real estate transac tions
in Richmond and in the county as
they appear on the records in the
office of the county clerk amounted
to approximately a quarter OF a mill
lion dollars during the week just
ended Building operations, accord
ing to the estimated values of the
structures to be erected or repaired,
for which permits were given by the
office of the building inspector, show
total slightly below 100000.
That the coming week or two will
show still larger building activity Is
indicated by the filing of plans for
inspection by the city's building de-
partment before permits are issued.
This filing of plans during the last
week presents prospects for build.
ings In the immediate future to
value of close TO 100000.
Banner Season Forecast.
With the totals running in advance
Of those first weeks in May in former
years. the real estate men of Rich
mond have ample reason for expect
Ing that their optimistic predictions
during the last few weeks that the
coming summer will De the banner
summer for Richmond will be borne ]
out. Never has there been so much
demand for property in Richmond.
where values are stable and where
investors, rather those having money
and bent on speculation for quick
turn overs and big pronts, find that
good returns will come In rents and
in interest.
Much of the demand for property
comes from the homeseeker, who
after he acquires the land quickly Sc
cures the funds with which to build
his home. During the last week
there were one or two dull days-dull
from the point of considering the to-
tai value OF the property involved in
the deeds filed, but decidedly active
from the point of view which regards
numerous sales of small property as
substantial dealing. The smaller
fact that after the property bringing
smaller prices is transferred there
must be made improvements upon IT,
Money In Circulation
The necessary improvements, tho
construction OF residence buildings,
boosts the total figures that appear
in the monthly statements of opera
tons by the building inspectors of
fee. Building turns loose in the city
and its environs much money paid to
the carpenters, masons, plasterera
and others of the building trades,
which in turn finds its way through
various channels OF circulation and
makes general business conditions
better. Richmond is in for a most
prosperous season IL all things be
considered,
In the building lines there will be
erected this summer and fall mill
lion-dollar passenger depot at the
Hermitage for which ground Is being
broken by the r.. F. Il p. and the
A. G. l.. Railways; extensive opera
tons in the laying of tracks and the
construction of freight sheds and
warehouses by the Coast Line, at an
estimated cost of two million dollars,
between Seventh and Ninth streets
and Byrd street and the river; the
building of three story brick ware
house. at a cost of $4,000 by the
Kingan Company on the Hermitage
road near the Union stock yards. for
which operation building permit has
already been asked, and the con-
struCtion of S100. 600 in dwellings
and apartment structures.
Among the permits granted by the
| building inspector during the week
are: To Murphys Hotel, two-story
brick garage, to cost $4,000; II. w.
Goodwin, four two-story brick
dwellings on the west side OF Shep-
pard street between kensington and
Leonard. $4,000. and Terrell Build
ing Company. two two-story brick
dwellings at 1702-4 Second avenue,
$1,000.
Oscar Hooker contemplates the
building of two three-story brick
apartment houses on Monument
avenue between Davis avenue and
Robinson street, at a cost OF $4,000.
and huffman & Kahoe have nled
plans for the construction of four
two-story brick dwellings on the
west side of kensington street be-
tween Sheppard and West streets to
cost $4,000.
Among the larger realty deals Of
the week are; College View Realty
Corporation TO, e, Halves Lpscomb.
lots in College View. Henrico county.
5000; A. Beirne Blair to B. II.
Biakey, 27 feet at the northwest corr
ner of jefferson and Main streets,
$40. 1000: B. H. Cannon to George r.
Cannon. 43 feet inches south side
Hanover avenue near Addison street.
$500: Virginia Railway 4 Power
Company to X. H.. Cross, 20 feet IL
inches north side Hanover avenue
near Addison street, $4,000: same to
A. l.. Thomas. % feet IL inches north
side Hanover avenue near Robinson
street. $4,000 Henry A. BrixsolarA
to Louise B. Taliaferro, "a feet
inches south side Grace street near
Mulberry. $500: r. II. Harwood to
Bessie B. Clark, ls5 acres near WILL.
iamsburg road, about nine miles
from Richmond. $500: Addinpn
1864 acres on the New Market roo1ET
$500. and Matte w. Lac to ". MI
Condit. ~ feet 4 - inches Wesk le1
West street. near Stuart