Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-09-24
A 1900, 600 PURCHASE.
a New Palais Royal to BE Erected ~
11th and @ Streets.

|
| A notable sale Of q street property has Inst
been effected which both in amount Of land
involved and the price paid places it at the head
| Of all the Transaction which have recently
brought property along that street into such
prominent notice. A large block Of land at
the northeast corner Of 18th and G streets has
been purchased by Mr.. A. Lisner, the
| enterprising proprietor of the Palais Royal
1t u the intention Of Mr.. Lisner TO- erect
| large building ON this ate for the
accommodation Of his growing business. The
location is one OF great importance
and Is recognized az the center Of . business
part Of the city which 10 rapidly developing
The purchase, which was negotiated by Mr..
John b. Wight, the agent of Mr.. Lisnsr, in con-
nection with Mr.. George z. Emmous. includes
property having a frontage OF 109 feet on G
| street and 1lS feet on 18th street, and contain
ing over 1000 square feet OF ground. The
greatest depth is 1879 feet The price paid was
about Sl96, 83S, which Is at the rate d about
Sl1. so per square foot.
The details Of this important transaction in
wolves the transfer OF four separate pieces of
property. The corner property, which has a
frontage of 50 feet inches on G. street by q
depth Of 80 feet, was held by Emmons and
King. trustees, for syndicate. who bought it
in March last from Lewis J. Davis, paying S63,-
900, which is at the rate OF SIS per square foot.
The consideration which they received
in the present sale was s92,2i3, or S22
per square foot. The adjoining piece Of
property on G. street, known as lO11, was pur-
| chased from Lewis ]. Davis. representing his
mother, Mrs. Georgianna Davis. The lot is
Mxl03 feet and the price paid was $S7. 25.
which is at the rate Of SIS per square foot
Adjoining the above is 1909 Il street. which
was purchased from Louis J. Davis. Tho lot
about s15 per square foot These three pieces
OF property embrace the entire frontage Of Mr..
Lisner's purchase on G street. The frontage
on 18th street was increased by including in
the transaction the two houses adjoining on
| the south, Nos. 705 and 707 11th street.
which have a frontage Of SO feet
! and an average depth Of 81 feet. Mr.. Lisner,
however, will retain only the house imme-
| diately adjoining, which has frontage of 20
feet The other house was taken by syndi-
cate represented by Mr.. Samuel Ross. The
price paid for these properties was 1900 OF
about 9l3 per square foot. The owner was
Mrs. Georgianna Davis.
Mr.. Wight has been for some time endeavor-
ing to secure a suitable location for Mr.. Lisner
and finally succeeded in completing the nego-
tations for the corner piece. On Saturday last,
through Mr.. Emmons, he began the negotia-
ton for the adjoining pieces of property, and
yesterday the deposits were made. and the
purchase will be completed by tho formal
recording OF the papers. With one exception
this transaction involves the transfer of the
largest block Of business property that has
boen effected in recent years. The exception
is the purchase by Mr.. John W. Thompson in
April last Of the property at the northeast cor
ner Of 18th and + streets, having frontage Of
81 feet on F street and 11S feet on 18th, for
which s225,000 was paid.
When the building which Mr.. Lisner intends
to have erected on this site is completed it will
be in a line with the extensive improvements
which have been made and are to be made in
the immediate vicinity. A handsome business
building on the southwest corner Of 18th and G
is now nearly completed aud will be occupied
by barber Ross. The owner. MIR. B. II. War
der, is also the owner of the northwest corner,
and it is probable that in the near future he
will handsomely improve that location.
Mr.. Lisner in reply to question by a STAR
reporter today-stated that ne did not contem-
plate building until next spring and that his
object in ultimately leaving the avenue was
not so much his distrust Of this great thorough
fare IA u business location as the necessity of
much larger premises than he now occupies
The fact that G street is in direct line with
the principal government offices aud nearer
the homes of his principal patrons leads him
to think that the site he has secured for the
future palais Royal will ultimately become the
ntrnl lQcatiOn N tho ri