Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-06-29
REAL ESTATE POINTERS;
BUILDING OPERATIONS
Demand for Ready-AIadc Residences
In Excess Of Supply-Morc
Homes Must BE Erected.
INQUIRY FOR VACANT LOTS
Play Grounds for Each Ward Is TIN,
Talk-Architccts Making Plans
for Costly Business Houses That
May Be Started Soon.

The rains of last week broke up sew
eral advertised auction sales OF real
estate. and lin all probability, damp
encd the enthusiasm of the realty
slacken up some.
BE that as il may. the fact is that
there were fewer completed transac-
tons in the real estate line last week
than Tor several weeks past. Thre
was no letting up in the inquiry for
residences for immediate or early pos
session; but because the agents lists
of such property have grown to al
most nothing. nearly all, IL not all. OF
the anxious inquiries were turned down
anxious inquirer is term that is
was time when there were so many
people in Richmond who are indeed
anxious to invest III ready made homes.
modern residences with the lattcr-day
move a once or by September at the
farthest. and the demand is far in
excess OF the supply.
DuildinE Boom Must Como.
During the past week several offers
were made for houses OF this class on
winch there are Ions leases. and in
addition to handsome offers being made
to the owners for the property at
crs. so that the purchasers might get
possession September l. In no case
OF this Kind would the renter sive
away. and the sales were thus knocked
out.
This condition. the agents think. will
force building boom. whether peo-
pie are really anxious to build or not
HcnFh9w. mere was increased inquiry
Tor eligible building lots last week
ana some sales were made. How many
or these sales OF vacant lots were made
TO folks who intend to build this sum
mer and fall could not be determined
The big deals mentioned herctofore
as hanging on the string are still hang
ING mere or II am. sales of huge pro-
agents. sellers and buyers have sue
ceeded in holding them as secrets. l,
Is SHOWN that weather conditions and
s senes oi doa, ara wbaeks have DELAYED
were hanging on that string
me real estate agents expect some
rIit , outline ss-duliness, as compared
with recen, days will be perceptibie in
realty circles for while after July /.
1t is that way every year. they say.
Fairgrounds for Children.
n Much interest is being aroused in
hronmo nd In favor Of increased play
safe swimming pools for the Children
ana II may be that some OF these larger
nneaNE deals that arc rcputcd TO be
III me me string have reference TO that
could sell some OF the vacant and nm
useu property Il owns in different sec
for sc%"T rroperty that is not available
!oL playground purposes. and the pro-
ceeoS used to buy property that is
available. and the susEestions Sovs
reached officials and are causing some
discussion 1t is believed that the civ
could thus establish playgrounds l.,
every ward and also a swimminr mol
on the river front 'o''
mere IS much speculation as ~ ~.
coming building boom. and iudvine
from the rush OF business the arcSi
let's ere having just now II is MOI 2,
oh i looks as il the boom is lkei,.
y be started of with some contracts
TO- large and costly business houses,
Prospective Costly Structures.
There IS wha, looks like we'll
grounded rumor that the Atlantic Life
insurance Company, which recentlv
bought ground al the southwest corner
OF Ninth and Franklin Streets. pro-
poses TO put up building there that
Wil be somewhere in the swim WITH
the hne bank building that is bang
erected on the opposite corner
Wen known architects are drawing
plans for the Ninth Street annex 10
the Frst National Bank. The draw
irGs are being made for a sever-st,rv
building that is to be fre-proo. and
VIII cost not less than 100000
The Planters National Bank also
proposes TO remodel and enlarge its
KING house at Twelfth and Main
streets The bank recently purchased
for $4,000 the lot with the building
thereon fronting on Twelfth street
Just 10 the rear Of the bank This
lot. il is understood. is TO he built upon,
making an addition 10 the remodeled
banking house. The architecture