Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-05-09
REAL ESTATE GOSSIP.
Some Recent Sale. Of Property In the Bust
ness section

REAL ESTATE GOSSIP.
Some Recent Sales Of Property In the Bust
ness section
ACTIVITY ~ CERTAIN LINES OF BUrLDIN6-How
CLUBS ARE ADDING TO THE ARCHITECTURE OF
THE crrY-rHE NUISANCE OF PRIVATE STABLES
OTHER MATTERs
DECENT TRANSACTIONS IN PROPERTY
~ in the business section Of the city has
naturally drawn the attention of investors to
that class o. property. sale is always an ad-
vertisement. not only of the particular piece
involved in the transaction. but also Of adjoin-
ing property. One Of the common experiences
of those who attend auction sales and buy
property Is to receive at the very close of the
sale an offer in advance Of the price at which
the property was knocked down Sometimes q
sale made in the ordinary way will have the
same effect and property owners are gratifed
and in some cases surprised to find that their
property is in demand The auction sale Of
the property at the northeast corner Of 9th
and Z streets il . good illustration Of this
tendency on the part of buyers short time
after the sale was made the adjoining property
on E street. so by 100 feet was purchased 1t
had been on the market for some months. as
the weather-beaten sign of the real estate
dealer who had the property for sale fully in
dicased. But it was probably concluded that
il the corner property was worth 1881 at auc-
ton the adjoining property must certainly be
worth 50 per foot and accordingly
tine purchase was made. But others were
struck with the desirability Of the corner
made by . syndicate to purchase it. paying an
advance over the price paid at auction OF some
els. 900, which will make the property stand
the new owners at something like GIG per foot.
There is some talk of this syndicate also buy
ing the adjoining piece on street, which will
square. In that event a handsome building
viii probably be erected on that site
1t Is not likely that the directors of the Lin
coin National Bank were Influenced by this sale
In reaching the decision TO purchase the prop
erty one block south at the northwest corner
of 9th and ID streets. At any rate this transact
ton has been closed. as has been stated in The
STAR. and the bank Is now the owner Of over
Il, 900 feet Of ground, for which they paid about
Sl2 per square foot. This sale is another evil
dence of the appreciation Of values of real
tate in this city. The opposite corner, where
Lincoln Music Hall is located, was purchased
about four years ago and the price paid for the
l0,650 square feet S7.51 per foot. A few
years previous, however, Mrs y. l. Anderson
bought the property which she has Just sold to
the bank and paid about S65, 600 for it. After
holding ii for six years and more she has sold
1t for else, 600 As the property has during
that time yielded fair rental it will probably
be considered. in view of the price obtained,
that IL has proved to be an extremely desirable
investment.
BUSINESS IMPROVEMENTS.
These transactions, as well as others which
have been the marked features Of the real es-
tate market durin the past year, are indications
a ~ fpta T.
the majority of cases the transfers of property
have been followed by improvements Of one
kind or another. Either new buildings have
been erected or else the old buildings have
been remodeled and adapted to business pur-
poses There has been a good deal done in this
direction on E street between 9TH and It'll
streets A few years ago that was a residence
section. Then as business began gradually to
encroach upon the street the houses were
given up one by one by the families who had
lived there for many years. 1t became a region
of boarding houses and now another change is
taking place, and the houses are being turned
into business places In the square between
9Th and 7th streets DR.. William Nav is remodel
ing a house so that it can be used as a store
The adjoining building is occupied by the Co
lumbia Phonograph Company and fur
Their along Mr.. Abraham Fisher has
q large Office building, where his own
Offices are located. Across the street Judge
Lowrey is altering large residence which he
The owners Of the property at the southwest
corner of 9th and E streets where there are
some old frame buildings, are considering
plans for the Improvement of their holdings
There IS such q demand for business places in
this locality that the Concordia Club which
now owns and occupies the old Sprague man.
sion, has received propositions for the pur-
chase of the vacant ground about the club
house. On the square above a number Of
handsome improvements have been made or
are IN progress. A fine building is being erected
by the Georgetown Law School Mr. l. C..
Wood occupies a fine offico build ng which he
has recently completed. An Office building
with a stone front is being built for NJ Walker
near the corner of 9th street.
In other sections of the business portion of
the city a good deal of building is in progress.
The greatest activity is noted on + and G
streets and the intersectiag streets. Prepara-
tons are being made for the erection OF the
large building on g street between 9th and 7th
streets which will be the home of the CITY post
Office until the permanent building is erected
covering the entire square or the south side of
pennsylvania avenue opposite The STAR Office.
CLUBS AND cLUn HOUSES.
Prominent members of the National Repub-
hcan League have under consideration an en-
terprise which, if carried out. will add
another handsome club house to the number
which now form an attractive feature of the
fsh the permanent headquarters of the league
In this city and TO erect a magnificent club
house for the accommodation of the members
when they come to the city. The expenditure
OF about half a million of dollars as is contem-
plated. will secure a home for the league which
viii not only be club house in the general
sense. but viii, in addition to the usual faciIi-
ties Of tirst-class club, supply sleeping accom-
modations. II the present plan is carried out
the new club house will be a hotel and club
combined and il will then be home for the
members when they are in the city. One plan
proposed is to have q membership Of 500 men
with an initiation fee of $500. The fund thus
raised viii be used in the erection Of a building
that viii be as complete as anything Of the kind
in the country. No definite action has been
taken toward carrying out this plan, but it is
being discussed and. no doubt, something will
be done In the near future.
The increase in the number of clubs in this
city and their prosperity has been marked of
late years The oldest club, the METROPOLITAN.
occupies handsome home of its own a. the
corner of 18th and II streets. The Cosmos Club
heomfortably housed in the residence on Iafay-
cite Square which was famous in former years as
the home Of Mrs. Madison and is now the prop
erty Of the club. Another prosperous club is
the University. This club now occupies a
rented house on I street between 18th and 18th
streets, but movement has been started to
buy site and erect q fine building. The
United Service Club is now building a club
house at the corner Of Connecticut avenua .r5