Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-06-14

| A new method of handling large tracts Of
suburban property has recently been intro.
duced here. Instead of forming syndicates for
the purchase and development of land stock
| companies have in several instances been Or
ganized. The stock is of course, based on the
value of the land, and by its issue in shares OF
slOO or more it is possible to secure the CO.
operation of a large number of people. Here
tofore, when large deals of this character have
| been made, a number of individuals who could
| command considerable ready cash formed q
| syndicate The land purchased remained I'M
| divided the property Of the syndicate, the in
terests OF each being represented by certif-
Gates The profits were divided pro
rata, according to the interests held
by each one. AS long as property
| could be purchased at comparatively low fig
ures this was found to be an easy method OF
handling it But it seems now that in the
development of the suburbs and in the advance
OF values large capital is required and hence
companies have been formed. The first COM
pany OF this kind the organization of which
was announced is the Takoma Loan and Trust
Company. 1t controls tract of land on the
metropolitan Branch of the Baltimore and Ohio
railroad between Takoma Park and Silver
Springs. The capital is 100000, and it is pro-
posed to subdivide the land lay it off into
of various kinds. Mr.. B. F. Gilbert is
the president, and associated with
him in the management are Henry
NJ. Baker, j. S. Swormstedt, Fred s..
Pratt, 5. 5. Shedd, Woodbury. Blair. Z. South
ard Parker and others. Another company has
been formed, which will also develop suburban
land. 1t is the Chevy Chase Improvement
Company, and controls about 1000 acres
beyond the District line at the head of COnnec-
ticut avenue extended and also land in the Dis
OF 49, al =, 4 II
Newlands, who secured the land in connection
with the extensive purchases recently made by
what Is known as the California syndicate, is
the president of the new company. Mr.. Ed
ward j. Stellwagen of this city, Mr.. Albert w.
Lionsa of Baltimore and Vim. r. Schae If of
Hyattsviile are named as incorporators. 1t is
the purpose of the company to establish a town
on their land, and when the proposed southern
branch OF the Baltimore and Ohio is built
through their lands, as is now expected, rail-
road station will be located there.
Negotiations are also In progress for the
purchase of all the land along Massachusetts
avenue extended from Rock creek to the Ten
leytown road, now owned by the Thompson
syndicate. stock company with large capital
Will control this property and it is the purpose
to begin Improvements during the present sea-
son. When this transaction is completed it
will be one of the most extensive deals in real
estate ever made in this vicinity. 1t is prob
able that the expenditure of these large sums
of money will further stimulate the activity in
suburban property.
ON KALoRAMA HEIGHTS.
Mr.. Albert Gleason has broken ground for a
block of six handsome houses on corner 23d
and Q streets, Kalorama, from plans prepared
by Architect Won inertia. The fronts of the
houses vary from % feet to 40 feet in width and
are all OF different design, although certain
harmony is retained by extending some belt
courses and cOrnices through all the fronts
The houses will be three stories and basement
in height and all will be faced with Hummels-
town brownstone up to the first story, and above
that with press brick with stone lintes and belt
courses. Some of the houses will have stone
porches with columns supporting balconies in
the second story The corner house will have
tower projection which is finished on the
third story level with a veranda and covered
in by tower roof supported by stone columns.
The interior will be handsomely finished on
the first story in oak, on the upper stories in
poplar. One of the houses has. in the staircase
hail. which is IA feet by 20 feet in size, arcade
of stone columns handsomely carved. The
builders are Bright Humphreys
FOUR NEW HOUSES.
Mr.. John E. Herrell is improving c street be-
tween 5th and 9Th streets southeast by row of
four three-story and basement houses. They
have a frontage of about 20 feet each by
depth of about GO. They are each of different
melstown redstone. Two houses have square
bay windows extending to the main cornice.
The other two bays are circular and extend
above the roof, ending in cupoias. The in
terror Is trimmed in yellow pine finished in
hard oil. Mr.. &. c. Meads has the contract for
erecting these houses, which are now up to the
first story. Mr.. o. Won inertia is the architect.
MIR. LEWIS J. DAVIS RESIDENCE.
The residence on Highland Terrace which
was for SO many years the home in this city of
Senator Edmunds but is now owned and occu-
pied by Mr.. Lewis j. Davis is undergoing
extensive alterations. Plans have been pre-
pared by Hornblower & Marshall, architects,
which provide for the removal of the present
wooden porch and the erection in its place of
porch of stone. The French roof will be re-
moved and the brick front extended up and
finished with a straight cornice. There will be
a tower built on the east side. The hot water
system of heating will be put in the house and
other changes will be made.
A NEW NEWSPAPER OFFICE.
An important improvement will be made by
Mr. George E. Lemon. He has purchased
ground on the north side of New York avenue
near 18th street and proposes to erect there a
handsome building which he intends to make
a model newspaper office. His weekly paper
will be issued from the new building and the
accommodations for the writers, the printers
and the pressmen will be modelled after the
best types of printing offices in this country
The building will adjoin the Octagon House.
which is one of the oldest residences in the
city. This section of the city. which was many
years ago one of the fashionable residence por-
tons of the city and of late years has been
somewhat neglected, has taken new lease on
life. A number of handsome improve ments
have recently been made there and others are
in contemplation.
IMPROVING RESIDENCE.
Mrs. c. b. Johnson will make quite an ex-
tensive improvement to her home, No. 1907
10Th street, from plans prepared by Mr. T. +.
Schneider, architect The improvements will
consist of an entire new front of very pretty
and artistic design of brown stone and brick.
The stone work will extend up to the stills of the
first story windows, solidly, and throughout the
front stone will be used with good effect. A
large stone porch and swell bay complete the
front. Many changes will be made in the in
terror including the addition of another story
on the rear.
HANDSOME SUBURBAN PLACE.
Mr.. Lawrence Sands is making extensive
alterations in mis- handsome residence on the
Woodley lane road. When the plans are car
ried out the exterior walls will be constructed
entirely of brick instead of, as in the original
design, of brick with frame superstructure
Perhaps the most notable change will be the
extension of the dining room, which will make
a room IL by 80 feet. There will be a wide hall
extending through the center of the house.
which, like the dining room, will be finished in
oak. On the right of the hall will be the Ii
brary and on the left two parlors. A tower at
the west corner will complete the very attract
i've design of the house. The lawn in front of