Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-12-05
|IGNs OF BOOM IN SPRING.
Seen IN REALTY MARKET
'caitors Believe building Boom
coming With New Year and
Looscr Money Market.
'LENTY OF woRKMEN READY
reductions That East End VIII
Get Large Part OF improvements
Is Made by Leroy Brown Because
OF Government Activities.

Real estate men. contractors, ar
hitec,s. and Building Inspector But
or are all about agreed In tho gen
raj belief that with the beginning
! spring there will come the long
'oked-for squirt Ia real estate aud
uildins activities. Tho Real Estate
Exchange Is behind n movement to
ecure financial support ana CO.
peration OF the BANKS. so that con-
FACTORS and builders may be able
o get busy.
There are plenty OF plans in pros
ect. Plenty Of worlmcn ready and
nslous TO get busy. and many pros
cctivc builders anxious to see work
tartcd up. But. say the real estate
ncn, the question or ready money is
he serious one just now. Yet they
'el!cve that. under any circumstances.
he spring weather will see building
nen busy. ana the idle workmcn en-
,loycd.
Hoom for East End.
Captain Leroy Brown said last
light that he believed the East End
2ouid get much OF the anticipated
improvements of the new year
with renewed activities a, seven
ines and the government; plunt be-
ow Fulton" said Captain Brown.
naturally the East End viii ret ,h.
rcam or improvements. for the pco-
ne employed at these places will
Wish TO live in that section. and az
mere are few, IL amy, vacant houses
here nov. N matter OF course new
mes viii have to he provided"
Captain Morgan X. Mills. Jr.. has
uht purchased for 10000 a home al,
Dc South Colonial Avenue. the prop
rty having been secured from q. \
'aylor. Jr. The 10, fronts 20 fec,
nd extends back a distance Of 1875
ee'. j. D. carnepi & Son were the
Eenta In tho TRANSACTION.
Another transfer OF interest was
hat OF 30i Noble Avenue TO the Land
company o. virginia by Josie ID. N.l-
on. through l.. +. Schmidt & CO.
his transfer was recorded in the
'hancery Court yesterday. The value
T the property was placed at $4,000.
The application OF the Crystal Ice
company for q permit to remodel the
Id warehouse. No. 525 Brook Ave
ne. at cost o. 3iO,0oc. was favor
|.hiy acted upon yesterday by In
ncctor Butler. and work on the i'm
rovcm"nts viii begin at once.
Originate Apartment Plan.
II was stated at the office OF tho
cal estate arm Of Morton q. Thai
liner yesterday that the plans now
n operation on the Jackson and
Greenwood Apartments. Monument
|tvcnue, were the nrs, of the co.
operative character introduced in the
|ity
The Idea OF the plan" said Mr..
|rhalhimcr. liz TO reduce the ex-
lenses 10 the occupants OF tho
apartments. a company Is formed
md properly Incorporated and char
cred. Each of the occupants OF tho
apartment subscr!bes TO an equal
,art OF the capital stock The com
|,any then gives TO the s;ockholder n
|, rent equal to the actual operating
lost. including taxes and repairs. and
|, sum Is set aside FOR depreciation.
1T Is found that under this ar
|'angemcn; the rent or actual cost OF
living in the apartment is reduced
|ihout onc-third."
Arrangements arc made In the by
avs for the subrental or resale OF
he apartments. The government OF
these apartments is vested in
board o. directors, each separate
apartment owner being member of
no board.
This plan" said Mr. Thnlhimcr.
is worked out on lines OF fairness
md equality to all the occupants.
md with the idea In view OF making
he ownership of the apartments easy
O dispose OF whenever desired"