The Washington critic., 1890-02-09
REAL ESTATE MATTERS.
PURCHASE OF WORMLEY'S HOTEL
BY A WASHINGTON SYNDICATE.
Northeastern Property Iiooming--
Commons ON which Goats Browse
Nill give Place to pretty Dwell
ings-.Gossip OF the Sales.

NortbeaStern Properly Nioontng---
Commons ON witch Goats Hrowsed
vill give Place to pretty Dwell
ings-Gossip OF the Sales.
Tic most important real estate deal
made in ihe past week or ten days was
he purchase of the Wormley Hotel
property at the southwest corner of
Fifteenth and II streets, opposite the
Shoreh8m. This was owned by Gen
eral Hooper of Boston, who sold il to
syndicate of Washington capitalists.
John w. Thompson, president of the
National Metropolitan Bank, is at the
head of the syndicate, and, II is under
stood, has with him in the deal his
brother, W. S. Thompson, John w
Foster, Gardner G. Hubbard and the
firm of Fitch, Fox & Brown. with one
or two other prominent moneycd men
The deal was purely speculative
one and the property Is again on the
market, 100000 being the figure at
which ii is placed. The lease OF the
premises to The Wormlev's will not be
disturbed and the hotel will he run as
heretofore.
Northeast Washington and East
Washington, in the vicinity of Lincoln
Park. is experiencing lively boom.
For some time property in that section
has remained dormant, comparatively.
There were great squares of uniinproved
goats of the ncighboling Irish dwellers.
The lonely streets were nsed only
by the wofkmen going from their work
toiheir scattered dwellings, aud grass
grew between the bricks Of the side
walks. Prices were down aud specu-
lators were chary of investments. About
six weeks ago local syndicate went
into the market and took quarter of
million dollars worth of property
Then they commenced TO move It, II
was placed in the hands of energetic
men and sales were made rapidly.
The first sale was made January 4.
Since that time, within few days over
a month, $3.50, 900 worth has been dis
posed of Some of the largest sales
were made by George A. Jordan, acting
for the owners. For the syndicate he
sold seven lots in square 900 on Eleventh
street southeast, for $18, ,436. one lot in
square 1898 for $11 $50, three lots in
square 1914 for $27 ,653. For T. E.
Davis he sold T. NJ. Loeb one lot in
square 1898, containing 5000 square
feet for $13 sos. For l.. A. Moorehead,
lot 8, in square 1898, for $l3.094; for
j. II. Gray & Co., three lots in square
1899 for $14,927. These comprise only
the larger sales. The property is still
moving in small parcels, being bought
for building purposes.
The visible effects of the boom will
become apparent in the spring, when
the hammered the workman will make
a merry din and the lonely streets TEEN
with brick and lumber wagons, An
era Of building will then have set in.
A large number of residences are in
prospect, only awaiting the opening of
good weather to begin work Not only
in single residences will building pro-
coed, but several extensive rows of
modern houses will be erected. On
California street, between + and + and
First and Second northeast, fifty houses
will go up. They will be neat. at,
tractive two-story houses. designed to
rent at 4 low figure and furnish com
Portable homes to people of moderate
means.
AT Second and Il. northeast, in this
same section, plans have been made by
Barnes & Weaver to build row of
more pretentious houses. three. story
bricks to cost about SIS, 900 each. They
bought last week from Walter H..
/ Smith one-fourth of square 721, con-
tanning 43, 600 square feet and will com
mence work upon their Improvements
| as soon as the weather permits.
Mr. f. A. Kiddell has bought from G.
| A. Jordan the eastern part of the tri-
angular square south of square S93, be-
tween Maryland avenue and ID and
Seventh and Eighth northeast, foi
| 81 80 per square foot. He willput up
| several handsome residences there
A most important improvement is
contemplated by the Metropolitan Street
Railway Company, and will soon be
carried into effect. For a long time the
residents of that portion of the city ly.
ing east and south of Lincoln Park
have bewailed the lack of quick trans
portation to the heart of the city. The
line of the Metropolitan. or "F-street'
cars, as they are known, stops at Lin
coin Park, The company intend to ask
4 charter from Congress allowing them
TO extend their line around the south
olttC VI uOWn
avenue to the new bridge which spans
the Eastern Branch. The new line will
tap rapidly growing section of the city
and be boon to the citizens
Mr.. B. II. Warder, the Ohio million
aire, who is heavily interested in Wash
ington real estate, has bought two lots
in square 800. at the corner of Eleventh
and G, for which he paid $50, 200. UpoI
this site he proposes to erect handsome
business block The improvement will
consist of store and Office rooms.
Lying just north of the Boundary
and east of Seventh street are SOC, ,00C
square feet of ground, subdivided into
city lots, which will soon be upon the
market. 1t is the property known as
''Petworth, owned by syndicate
The streets and avenues have been ex
tended the width of city streets and are
in conformity Herewith. The syndi
cate has expended over $50, 900 already
grading and developing the property
upon the plan adopted by the owners o.
Kalorama, and are still improving. Not {
foot will be sold until it is thus put II
good shape, some Of the streets paved
sidewalks laid, water and gas put il
and sewers dug. By this time the new
motor on the Brightwood Railway will
be in operation, and rapid transit fur
nished to and from the city
1t is said an offer was recently mad,
the Washington syndicate by Topeka
Kan, firm TO purchase two Who'll,
squares of the property, but was re
fused. The owners expect to commenc,
selling lots in the early spring
The Western way of handling subur
ban subdivisions now prevails in Wash
ington, When new property is In
tended to be opened the first move is t,
r1ln n street railway into IL then nav,