Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-25
ATLANTIC LIFE TO
ERECT 100000
BUILDING IN CITY
Discussion of More Than
a Year Is About to Reach
Fruition.
SITE is CHOSEN AT
NINTH AND FRANKLIN
Exact Date When Ground Will
Be Broken Not Announced
by Officials of Company.

IN Atlantic Life Insurance Com
pany is going 70 construct 4 build
Ing sor it's home Office al tho corner
OF Ninth and Franklin streets. III,
u cost OF at least $1,000. 900 Discus
sion OF this project has been under
way with The company for NOR, than
a year. and although officials deny
that they are any nearer concrct.
decision now than they We're two
years ago. il is thought that the con
struciion OF the building eventually
is forcgonc conclusion.
About two years ago Ia. company
acquired the property OF the Real
Estate Exchange and some ether con
tiguous properties. consolidating them
Into one holding. with this intention
IN mind. At the time. architects oc
national note were asked to submit
plans and estimates Tor III. building.
Among them were The architects who
built The Curtis Publishing Com
pany.s masniiiccn; building on inde-
oendenc. Square. Philadelphia
Estimates Reach 81. .0DO. .0ts,,
Estimates submitted by the ar.h.-
tects ranged anywhere from $! 800. 600
20 s2,to0,2Oo. Officials Of the com
panE declared yesterday. however,
that This amount was NOR. ,ha, ,h..
nad anticipated putting into tho build
ia E.l
company intends for the cost IN ru,
as hssh as the million mark. Al,
ieast. no denial Of this point is made
oy the company.
II was stated by a high official Of
the conpany yesterday afternoon m
reporter for The Times Dispatcb
that the exact character OF the huiId-
ing had not set been decided upon.
although building committee from
the board OF directors has been In
existence for more than !: year. !,
mas been proposed TO erect Il build
ing large enough to care for the
needs @! the company for many year.
ana III the S;tnc time 10 have tsurrius
o!hc. room Tor rental purposes, there
y! converting II Into one OF tho prin-
cipai business buildings OF the civ.
Again. IL las been suggested hy mem
b:-s - tho building committee ,ha.
building fOr the sole occupancy b.
the con'paHy br constructed. aitinuuh
the Former plan has the odds on In,
latter. One mcniac. OF the commit
Tee, II IS said. has suggested thai the
company sci! the plot Il now owns
Tor til. site and acquire one in an
other portion oi the city which would
the sole occupancy or the building
y ;he company prevails. this may he
conc. hut !: the proposal TO construc,
an Office building is persisted in. IL
Is thought that the present site will
be retained.
Actual Date Not Set.
II has been reported that actual
construction on the building will he
commenced as soon as the new Fed
eral Reserve pank. on the opposite
corner, is completed, but this detail
was denied yesterday afternoon by an
official Of the company.
The company is now occupying cf-
fees on the eighth and ninth floors
OF the Virginia Railway and Power
Company's building. and II holds a
lease on these offices until October
/. 1898 If the building is to be con-
structed any time in the near future
II is believed that ii will he started
in time 10 be completed upon the eX-
piration OF the lease with the power