Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-06-22
BIC WEEK IN REAL ESTATE.
ACTIVITY ON ALL LINES
For Sale" Signs Fast Disappearing
From Front Yard of Improved
Residential Property.
GRACE STREET IN LINlELiGHr
Valuable Property on Future Fifth
Avenue" of Richmond Changes
HandS-f'cdcral Reserve Bank
Adds To Holdings.

Activity N the real estate world OF
'.chmond IS now getting to be AN old
story. daily repeated. hut !; : prob
able that no we-'< /. the past year has
seen the real estate agents any buster
, o. even rs husy, as they were all OF
last wceh
In only one direction was there any
! weakening of ;he rush or letting up In
activity. and ;hat was n the sales Of
residences ready 70" Immediate oc-
cupancy aud there was but one rca-
SON for This weahonins- j. AGENTS
nave sold out. That is TO say. the
really desirable homes both OF the pre-
tertous Kind aud the smaller and
less costly kind that asents had listed
have been ken before Tic demand
could be supplied. Such homes with
;hc FOR sale" sign in the front yard
have become really scarce. anu the
demand for such mas not yet been
. met.
There nre si.ll numerous homes on
the market IN various parts % the
cases there : something lacking. de-
ntiencN in modern conreniences.
sparci;y of room or some other draw
back However. many Of these homes
that can he bought are suscep:ib bic OF
improve mon, and not a few OF them
are clraneinG hands.
More interest In Vacant Lots.
rs the ready made" homes grow
sleeper more interest is bens taken
in well located vacant lots There
were increased sales Of this class OF
property last week N all parts % the
majoritI of the BUYERS have invested
with the ,icw OF building at an early
date.
Howover :, mus; be said that The
spectators are getting more and more
in the swim. and there is some evil
conce tina, some or the money invested
nj In. IL IL
down by men vino Vii, hold them Just
as they are for Il prof; when the build
ine, boom really gets under headway
that such boom cannot he kept off
murh Longer.
one Of the really aEents Who VAS
boom lie takes the ground that tue
huildin@ Of homes. in Richmond. while
II Will c~c LONE he Of larE. proper
lions and extend all over the resi-
+ Dental sections and far out in the
suburbs. Viii not be boom II the
usually accented sense OF the word. in
tlat there Will be nothing speculative
about H. hu; IL viii he the work OF
actual nome makers tor home mai ing
purposes only.
some or tho Mig Denis.
Some OF the b.s deals tina have
hanging on the strnc r'pcncd dur
in. last week. and large figures were
recorded The Fedora! reserve Hank
. a. richmond became the purchaser OF
the old Alhamhra Hotel property nj;
/ tho northeast corner Of Eighth and
/ rankin Streets. adjoining the AGA :
alley from ia" banks Ninth and Frank :
IN stree property. on which the bank
~ hiding Is being erected. The lot is
-. 49,, cet on h'ehth street; running back
Tor the propcriy as il stands was $50
Coo and it is understood that it will
ne u Flowed 10 stand as it is for some
me 10 come. Possibly in the not very
! t'siant future the small hotel build.
ING now standing on the LOT will he
,,smovfd and an annex to the new
B "nt'I some time after the completinn
"nd OCCUPANCY OF the $1,000. roc bank
. r"ii6 nS that has been commenced.
Snlcs on Grace street.
Meyer Grcemtrc". a prominent Broad
street merchant. bought. last week,
The Anderson building on the south
SIDE OF Broad street between second
.nd lhird streets. with the ground on
w ''nG.ns, d 1, stands The price paid is
wv. MI Grccntrcc Is reticen, az TO
tn" future OF the properly. bu, there
q belief that modern building
p bc erected there
Tn" southeast corner Of Fifih and
Grace streets last week became the
lropcrty of Howell BROTHERS Eroa n
street merchants Thcy are s,f, =
lave paid $4,000 for the lot and build
ms: Another big sale in the same
ht.E ho"riood was contaminated las;
eek when kirk Parrish e. 60. an
r,her Broad street firm. became the
C"herS OF the property on Grace
T,reet between Fifth and SiXth Streets
tr'i vas so long known as the Con.
srrEhiorN of Music. The amount paid
'"i TINS property was not disclosed Ia
i"' papers, hut II is believed II nave
. hc'n around 100000.
That "Fifth Avenue" Prophecy.
Neither the sellers nor the purcnas-
erS give out a mint OF the future OF
these Iropert.es. but to an outsider
y negins TO look as IL the prophecy
Fihat Grace street. from Ninth several
hloths westward eight or ten maybe
IS TO become E!chmonds business