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

| = " M T. L M L II " v T. M T. n L =
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
| erect residence there. In spite of the
| fact that there are practically no improve
| ments, the property was sold on the basis
| Of a 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public auction, and while it was Withdrawn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 i modern
| business building on chat 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
l hau ho.an n.
| cred few years ago extremely narrow
| lots.
The building on the ground purchased by
| Mr.. Mclean has been built a good many
years. and adjoins on the east the modern
| structure erected by the Equitable Coop
erative Building Association. while in the
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 a 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 a
| depth of seventy-five feet, and the improve
\ merits consist of an office building. As has
| been stated, this property was not sold. but
| the highest bid was an average of over $21
a square foot, although the property was
| not bid on at a per foot rate, but in bulk
| sim. The owner believed that the property
| was worth more than that figure, and de-
| clned 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
| we'll situated. He said that, Of course in
| localities where prices had reached
| speculative figure, 1t was impossible to get
| the bidding at a public sale up to the same
| point. AS a rule, he said, the prices re-
manned firm, and not only was it apparent
| that there was money to invest, but also a
| 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 $43.-
400. were issued by the building inspector
during the week. This amount was divided
| among the several sections of the city as
follows: Northwest, two permits costing
$3.50; southwest, one permit, s.. 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. 30 to AZ 18th
street northeast. They will have a depth
| of thirty-six feet. r. J. Beall is the archi-
| 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 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
| 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
|
| the contract for this Improvement.
| A one-story brick store is to be erected On
| the corner of 4th 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-story and
| 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 drawn
| plans for handsome residence wNicE John
| l.. Weaver proposes TO erect for himself in
| Chevy Chase. 1t will be thirty-t~o feet
| front, with Il depth of forty fee. AMI is to
| be of colonial design. 1t will be Two stories
in height. with attic, Will contain twelve
| rooms and Will be supplied with al modern
| conyeniences. The cost Is estimated to DO
! about 5000.
Would Institute n Boycott.
| From the Chicago Record.
| LAW, Choliy, hawve ysw been wcading
| about these Turkish outwages in Ar
| menia?'