Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-07-04
RICHMOND. REALTY MEN
i. LEAVE CITY FOR FOURTH
Past Week, However, Has Seen
Consummation OF Muny I'M
portnnt Property Deals.
CHANGES HANDS
Wide Discussion of Purchase by
Syndicate of Seven Pines Hold
ings Means Establishment and
Operation OF New Industries.

I> II Is more than probable that a
llconsidcrablc majority OF K!chmond's
Rrcal estate agents are this morning
Ilout OF hearing distance Of the city
llchurch bells and tomorrow they Will
I!bc on the banks OF the rivers and
Fish ponds. on the scashorc. on the
sides. or almost anywhere
8to get Il breath OF fresh air aud cclc-
l.brate Independence Day in ways be-
&ftting overworkcd humanity.
n 1t may be said further that Il ma
|tjorlty OF this majority were "cc!c-
Vibrating" pretty much all OF last week.
lEThc!r customers and constituents for
|ythe most part have been doing like
|sw!se. and hence there was the uHual
(5holiday dullncss to be reported In the
Ercal estate lin.
N Some Large Transfers.
q During the carly days OF last week
&several important deals that had been
Dior some time In the negotiation
#clnded some large sized transfers Of
g business and Industrial property
(which have already been noted in the
local columns OF this paper These
transactions show that. notwith-
. standing tho tightneSs in the money
Rmarkct and some other drawbacks.
finyestors are not letting any Broad
|3Strcct property 20 begging or any
Eothcr good Richmond business or In
dustrial sites pass by.
In the early days o: the week there
Swerc also some residences made 10
change hands. la the most OF such
cases II was the closing up OF deals
mat had been hanging on the str!ng.
: hut there were some quick sales made
hat had not been the subject nf long
Drawn out negotiations. all %. which
goes 10 show that there are yet
seekers after desirable residential
property In R!chinond. and even n
3dull season. that Is duo by custom.
cannot put stop TO the urgent In
1uiry for such.
Discuss Seven Pines Deal.
The few agents left in ;hc city after
days OF tho week discussing the pur-
chase by II syndicate. headed by on
#yer j.; Sands. Of the Seven Pines Ia
fit nr.,,51l and .esiidGen,ial properties.
{dicate. of course, did not buy this
Hproperty without a we'll defined pu--
pose. the carrying out OF which
meanH lot OF building and rebuild :
8ing In TIE Seven Pines section. and
I'LL the way from the city limits to
IHseven Pines the establishment and
tine route and Incidentally a good
isdeal OF new business for the real cs-
Etatc agents
3 The freight congestion. no much
btalkcd about. and the ehortase Of
Gcars. making IL Difficult, 10 obtain
EnuiiutnS material have combined to
$intcT!ere somewhat with building
and ali the house and in
adustrial plant builders are making
SSc3ntracts with subject TO deiuy''
pianks In the platform. IIowevcr
neg are going right along obtaining
Mthe necessary building permits. sew
NERAL very important ones having been
issued during the past week 10y Build :
Ping Inspector Butler.
Just now l.aburaurn Park IN the
Escene of much activity In the build
INF line. tn. contracting and real
#estate hr'n OF Muhicman K kayhoe
Hhavc under the process of contriir-
|Btion several houses in this section
6nnd report that this j. only the bo-
ginning OF II larSc residcutial build
8lnS program Contemplated by their
nrn In i.aburnum Park. The mos,
popular type OF house In this partici-
lar section Is the Colonial type with
%tne wide center entrance hall plan.
|8With the building rcstrict!ons in this
section ana the exceptionally large
lots and beautiful shade trees and
&shrubbery. La burnum Park Is fast be :
kJcominS one OF Richnond's most de-
HEsirable residential sections.