Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-03-22
REAL ESTATE GOSSIP.
An Active Demand for Business Prop
erty Reported

SOME OF THE RECENT TRANSACTIONS ALONG y
STREET AND vIcINIrY-A NUMBER OF HAND
soME HOUSES NOW BEING EREcrED-A FINE
STORAGE WARE HOUSE To BE BUILT.
Large investments have been made during
the past few weeks in property along and g
streets and in that section between 9Th and 18th
streets. The activity in this class of property,
which was noted in last Saturdays STAR. still
continues. Real estate brokers have been de-
voting a good deal of attention to sales Of this
character and a number of good ones have
been made. What would have been considered
. few years ago or perhaps few months ago as
almost prchibitory prices have been obtained.
and the number of buyers with plenty of
Dash has been surprisingly great. There has
also been some speculation and options
are not unknown. If the options given
are closed out and the sales already
negotiated are finally consummated large
amount of property will change hands The
opinion il expressed that the future develop-
ment Of this section will justify the present
prices. IL addition TO the sales made there
have been number of rumors current in re-
gard to sales which have. on investigation
proved to be groundless notable instance
was the report of the sale of the property owned
by the Sims heirs AT the southeast corner of
18th and L streets. 1t was reported that this
property, which only contains /. 500 square feet
was sold for $4,000 At this rate the price per
square foot would be $40, which would be far
ahead of any price yet paid for + street prop
erty. Mr.. X. y. Hoffman. whose wife is one
OF the owners of the property, told STAR man
that there was no truth in the reported sale.
He said that there had been an offer of s42 900
for the property. but as it was not for sale the
offer not considered. He said that the
owners were satisfied with the income received
from the property and there was no neces-
slty FOR making q change in The investment.
In regard to the price reported to have been
onered for II Mr.. Hoffman said that while it
might be considered high now, yet he ventured
the prediction that III twenty years that prop
erty, well as other pieces on street as
ehgibly located, would be worth 800 per
square foot
SOME y STREET SALES.
Perhaps the most important transaction in
street property which has SO far been made
is that of the purchase by Mr.. C. G.
Thorn of the property at the southeast corner
OF 18th and streets 1t has only frontage
of l9Is feet and depth of 20 feet but it is
said that the price paid S35. 1000. which is
at the rate OF over S25 per square foot. the
highest price Vet paid for + Street property
MI Thorn four or hve wears ago bought the
opposite corner and paid about IS so per
square foot for It. He sold 1t a year ago for
Sl0.jO. Nr. Thorn has also purchased the three
story brick dwelling 1917 street. for which
he paid 100000. The lot is 25xllS feet and the
price per square foot is over Sl3 There have
been two other large sales of property on this
street negotiated but the details have not vet
been made public. Ii Is understood that one
OF these sales Is OF the property owned by E. A.
Hdgway. which comprises the two store build
lngs adjoining the Sun building on the east
Messrs. Woodward Il Lothrop have made an
important addition to their property interests
IN the vicinity OF their place OF business at the
corner OF llth and + streets. They have pur-
chased the house Gil 18th street, which adjoins
their store building. and will for the present
utilize II for offices fo- their force OF book
keepers. accountants. &c. The lot Is % by 100
feet and the price paid was S37 800. At no dis
tant day 1t Is said this property will become a
part of the present large store building which
Is now occupied by their business. 1t is prob
able that they will defer this Improvement un-
til the extensive additions now being made, ex-
tending their building through the block to
10th street. are completed
STORAGE WARE HOUSE.
The American security and trust company
have purchased ground on the west side of 18th
street between ST. Augustines church and NJ
street. where it is intended to erect a large
storage ware house. The plans are being pre-
pared by Mr.. James q. Hill. architect, and pro-
vide for "a building SIX stories high, covering
the entire lot which is 64xl97 feet The con-
struction will be thoroughly tireproof no wood
being used In the building. even the window
frames and sashes being of iron. Brick and
stone will be used III building the exterior walls
and the design will be in keeping with the OBJ
ject OF the building, which is TO furnish sub
stantlal and secure place for the receptacle of
furniture, pictures, pianos and every descrp-
ton OF goods that are usually stored. The in
terror will be divided INTO compartments which
will be entirely distinct, and in this particular
as well as In others the best buildings of this
description IN other cities have been initiated
AT present only portion of this immense
structure will be erected
A AWARE house Is to be built at the corner of 18th
and streets northwest by Mr. John A. Baker
IL will be 5Ox75 feet and four stories in height
and when completed 1t will be occupied by
Henry AcShane for his business The architect
Is l. L Dessez
THE METROPOLITAN CLUB House ADDITION
An attractive feature is being added to the
interior of the Metropolitan club house in the
extension OF the present club building which is
now nearing completion. The first floor of the
new part Is one large room, with arcaCed win
dows at each end, from which the sashes can be
removed During the warm weather the room
Will have the appearance of a covered porch
and IN cold weather II will be used as a winter
garden This room will be finished in a UNIQUE
and effective style. The walls will be faced
with buf brick and there will be an immense
fireplace extending to the ceiling of the same
material The floor will be laid with mosaic
tile. the color o which will be buff in effect
lne room below III BE- devoted to the use of
the members fon II billiards The room
above will be h: itoaely finished III cherry
and will be hit l - library.
MAGSJ'. RESIDENCE
large part OF the garden attached to the
Residence of the late George W. Riggs is now
owned by Col. Henry Strong of Chicago. He
has a frontage of " feet on street between
18th and 18th streets and il is his intention to
erect there a magnificent stone residence cover
ing the entire frontage. The residence will be
one OF the largest In the city and the details of
the design will make IT one of the handsomest
Plans are being prepared by W. Bruce GRAY
the architect. The front will be treated in the
Italian style. which the same architect has en-
ployed with good effect in TIE design of the
residence for Mr.. Martin F. Morris on Massa-
ehusetts avenue near l4th street. This latter
house Is very large. IL has a frontage of so
Feet and depth of l40. The facade is un-
broken by any projection and its effectiveness
Is dependent upon the skilltul treatment of the
spaces A band of stone framing IN the win
dows Of the second and third stories on one
side OF the house Is enriched with delicate
carving The straight cornice is a good ex-
ample OF the ltaiian style with its simple vet
effective ornamentation.
C. b. PEARsONs INV HOME
The residence OF Mr. A. j. Amber ON Massa-
chusetts avenue. adjoining Ascension church.
has been purchased by Mr.. Charles b Pearson.
He intends make extensive oil