Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-10-26
REAL ESTATE GOSSIP
Some Sales of Suburban Building
Sites and the Prices.
INTEREST IN BUSINESS PROPERTY
People Who Have Money to Invest
Are in the Market.
SOME PROVEMENTS

Considerable interest has been manifested
| recently by property holders and others in
| reports of sales Of building sites made in
| the vicinity of the property formerly owned
| by the President on the Tenleytown road.
| 1t is known that several blocks Of land
have been disposed of, and the announce
| ment is made that the new owners intend
| to erect houses. The property In question
| is portion of the tract of land owned by
the Richmond Park syndicate, and COM
| prises sites in the eastern part of the tract
| nearer to Connecticut avenue extended
| than to the Tenleytown road. One of the
purchasers is Judge Cox, who intends to
ere~' residence there. In spite of the
| fact that there are practically no improve
| ments, the property was sold on the basis
| of per foot valuation. and the price Sc
| cured in the sales mentioned was about
fourteen cents per square foot. each lot
| containing about one acre.
For Business Purpose.
| Some attention has been called during
the past week to property in The business
| section of the city. One piece OF property
| changed hands and another was offered at
| public auction, and while it was Withdrawn
the highest bid received attracted some at
| tention. Mr.. John r. Mclean secured the
| title to the property at the northwest cor
| ner OF 10th and F streets, and it is an
neunced that he intends to erect modern
| business building on shat site. There is
not very much ground in this building site,
| but nowadays iron is used SO largely in the
| construction of buildings the walls do not
occupy as much space as is required wien
stone or brick is the material employed,
and SO comparatively roomy structures are
| erected on what would have been consid-
| cred few years ago extremely narrow
| lots.
The building on the ground purchased by
Mr. Mclean has been built a good Elany
years. and adjoins on the east the modern
structure erected by the Equitable Coop
erative Building Association, while in the
| rear is the 10th street wing of the great
| building occupied by the business OF
Messrs. Woodward & Lothrop. Mr.. Nc
Lean is already quite a large owner Of
Washington real estate, and his recent pur-
chase is only an addition to his extensive
holdings.
| Prices Remain Firm.
There was quite good attendance when
| the property at the northeast corner of 18th
| and G streets was offered for sale. 1t has
| a frontage of over twenty-four feet and
depth Of seventy-five feet, and the improve
meIts consist of an office building. AS has
been stated this property was not sold, but
the highest bid was an average of over 81
d square lOOt, dllHOuSH the property was
not bid on at per foot rate. but in a bulk
sim. The owner believed that the property
was worth more than that figure, and de-
clined to let it go. 1t is quite evident, how
ever, that valuations in that locality have
rot suffered from the late depression, and
that in the estimation of investors it is not
only worth having, but is worth fairly
good price.
Looking for Investments.
1t is believed that the investor has again
appeared in the market. There are indica-
| tons pointing to that fact. The auction
GERS. for example. find that the attendance
at sales of real estate is much larger than
it has been for some time past, and that
the competition is much more lively. In
fact, one of the leading auctioneers of the
city said not long ago that good prices
could be obtained for property that was
well situated. He said that, of course. in
localities where prices had reached a
speculative figure, 1t was impossible to get
the bidding at public sale up to the same
point. AS rule, he said, the prices re-
manned firm, and not only was it apparent
that there was money to invest, but also
desire on the part of those who controlled
funds to place them In real estate.
The Weeks Record.
Ten permits, at an estimated cost Of $f3,-
400. were issued by the building inspector
during the week. This amount was divided
follows: Northwest, two permits, costing
$3.50; southwest. one permit, $500; north
east, six permits. $4,000. and the county.
one permit, for $3.50.
Some improvements.
Hector McNeal is building a row Of six
two-story brick dwellings. and when COM
pleted will be known as Nos 81 to AZ 18th
street northeast. They will have a depth
of thirty-six feet r. J. Beall is the archie
tect and James Burns the builder.
Architect Wolff has prepared the plans
for a two-story brick dwelling for Francis
Leonard, which will be known as No. 632
Delaware avenue southwest. The building
will have a frontage of twenty-three feet
with a depth of seventy-three feet.
John w. Foster is having house No. III
18th street northwest remodeled, which.
when completed, will be used as an apart
ment house and store. He will add two
additional stories to the front of the house
and three stories to the back. c. L. Hard
ing Is the architect. The work will cost
$1,000.
The Columbia Photograph Company con-
templates an improvement to the front OF
it's building on Pennsylvania avenue which
will add greatly to the possibilities for ef-
fective display. Instead of having two
show windows, as at present, there will he
one large window, projecting several feet
beyond the building line and extending
about two-thirds of the way across tho
front of the building. The entrance will be
to one side. A. Goetz has been awarded
the contract for this Improvement.
A one-story brick store is to be erected On
the corner of It'll street and Florida ave-
nue. northwest, plans for which are being
prepared by H. A. Campbell, architect.
AT the corner of Sd and l. streets north
east there will be erected a two-storv ard
basement double dwelling, plans for which
are being prepared by NJ. Hunter Jones'
architect. Buff brick and Indiana lime
stone are to be used in the construction.
George S. Cooper, architect, has Grawn
plans for handsome residence which John
l.. Weaver proposes to erect for himself in
Chevy Chase 1t will be thir:y-t~o feet
'front.' with depth of forty fee. AMI is to
be of colonial design. 1t will be l@o stories
in height with an attic. will contain twelve
rooms and Will be supplied with I'll modern
conyeniences. The cost Is estimated to be
about 5000.
Would Institute n Boycstf.