Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-11-09
REAL ESTATE AGENCIES
SILENT AS TO DETAILS
But They Were Kept Busy All OF
Last Observation-Disclosures OF
All Kinds Up.
FIFTH AVENUE" IN LIMELlGnT
Big Deals On East Grace Street
Closed and Others Even Larger
Are Rumored - Building More
Active in Richmond.

Continued activity in all classes OF
property marked the real estate busi-
ness last week, although fewer sales
were contaminated than the week pre-
vious. Many deals are on the string,
and there are all kinds OF negotiations
on hand, but some OF the deals are OF
large proportions, and the negotiators
are taking time and moving slowly.
There IS renewed interest in East
Grace street property, and Il would
seem that the prediction made 10y "a
far-seeinS prophet months ago that
that thoroughfarc from Ninth Strccl
westward TO First viii some day be
OF Fifth Avenue Tor Richmond--is
going 10 come true. Several sales OF
what was residence property in this
territory have already been noted in
the local columns, and il Is said that
others are on the string, and liable
10 be contaminated At any moment. In
fact Two large deals that have no.
yet been reported tthe agents refus-
ing TO speak out until the deeds go to
record), are said 10 have been closed
last week, one of which, 80 rumor
hath 1t, involves about $4,000.
Activity in what WAS suburban pro-
perty, that is in Richmond,s lately an
nexed territory was noticeable last
able Importance in Ginter Park. Bar
ton Heights, Highland Park and at
intermediate points. also In south
the agents; who have gotten in the
habit O. keeping very mum about
sales until the papers go TO record.
The Lewis Ginter Land and I'M
rrovement Company mas disposed of
ali OF the new residences built this
year in Gnter Park, half dozen
in all. These were sold as soon as
finished to permanent residents on the
easy payment plan without charge for
nego,iatins financial re1uircmenis.
This company is planning to build
Il Tn n A.
10 be sold as above and II there shall
be no labor disturbances and the ma
terials are 10 be had on anything IKE
reasonable terms big work in this
line will be put on early next spring.
Building operations are like those in
all the leading cities of the country.
s,rause x Co.. of New York, who have
Official reports from over fifty cities
OF the eastern part OF rho country, in
GLIDING Richmond. Their summary OF
these reports is interesting. 1t is rs
follows:
notwithstanding adverse labor con-
ditions, the building industry through
out the country made satisfactory
progress during the month OF October.
y notable absence OF new private
DWELLINGS and small Nat buildings was
noted, While there was particular ac-
uvity In the construction of factory
buildings. Apartment houses of the
larger types were launched in many
cities and there was Il notable i'm
buildings OF large dimensions.
The reports OF architects reveal a
considerable amount OF new building
work in contemplation. and 1t is APP
parent that with the sterilization OF
labor conditions there Will he unusual
building activities In all parts of the
country There continues to he n
strong inquiry for capital for hnanc-
ing the larger types OF construction.
'"The general trend of building costs
continues upward. largely as result
of the high cost o! labor with the
possibility OF these conditions Gontinu-
ing indefinitely. With the shortage OF
materials and the tremendous demand
for buildings OF all kinds. II is To be
assumed that construction costs OF
every kind will continue to advance.
ut is TO bc regretted that nome
building activities are not keeping
pace with other forms o! new con-
the best types OF thrift, and fills AN
, important place in allay!ng social am
rest. The general uncertainties OF the
labor market, however, and the con-
stantly advancing costs OF constitute
. ton work have had discouraS ing et-
fects on the individual home builder.
Numerous proposed public plans for
the encouragement OF Immediate home
building have not resulted in amy APP
: preciabie amount OF Increased housing
facilities throughout the country. Win
Z the winter season now fast approach
T. ing there is every indication that the
: housing shortaGc:.Nill continue TO grow
more acute, W III !c.Iy,c Larger types Of
buildings Will largely prcdom!natc IN
=. the new construction Program,