Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-01-02
Recent Purchase Of Property Near
18th and q Streets.
EXPANSION OF TEE BUSINESS CENTBRS
Favorable Estimates of the Value
of Washington Realty.
SOME NEW BUILDINGS

of those made within recent months In this
city, have aroused 80 much interest among
property owners and others as the pur-
chase, which was announced several days
ago In The Star. by Col. Pope, the president
of the well-known bicycle manufacturing
company, Of building site, where he pro-
poses. as soon possible. to erect a build
ing for the use Of the ccmpany's agency in
this city. AS was stated in The Star, this
property Is located on the east side of 14th
street between H and I streets. and Is now
improved by frame and brick buildings.
These structures are to be removed and a
three-story business building of pleasing
design and substantial character is to be
erected on the site.
The location is specially favorable for the
erection of a commodious business building
1t has frontage of forty-nine feet, and
extends hack ninety-six feet to a twenty
Eine-foot alley. The two lots contain 4, 764
square feet, and as the total amount paid
was $4,000. and it may be said in passing,
that it was a cash transaction, the PEI foot
price was about 81. TO-
Good, Fair Price.
Aside from the fact that the considera-
ton named for the property is looked upon
by those who are in a position to form an
accurate judgment of such matters as
price, the general interest in the transac-
ton lies in the fact that the entire locality
is, to some extent, in what is considered a
transitional state. 1t is recognized that
business is rapidly gaining Roadway there,
and 1t is believed that in the course of
few years all the buildings in that section
VIII be used for business purposes.
As soon as the revival in commercial and
financial circles develops more fully than is
the case at present, it is believed that the
growth of the business interests of the city
In this direction will make rapid progress
II Is recognized fact that while Washing
ton has been increasing in population there
mas been steady development in the
agencies which supply the needs of a popu-
Ious center, and this being SO, there must
be places provided where the transactions
of daily life can be carried on.
Expansion of Business.
The changes which have taken place in
the section of the city bounded by 7th
street and Pennsylvania avenue as far
west as 18th street are significant of the
progress and development of the city, and
1t Is therefore not matter of surprise that
the expectation Is general that the move
ment Will be continued in the future 1t is
dlfflcult to tell what will be the character
OF the changes in the next few years But
1t may be safely predicted, basing such
prediction on the history of the past in this
CITY, mat there will be no spasmodic activi-
ty, but that the changes will be brought
about in gradual way to meet legitimate
demands.
There is another feature about this sale
which is well worth mentioning in this
connection. Mr. J. Hart Britain the local
manager of the Pope Manufacturing Com
pany In this city, states that he at first
suggested 10 the company the purchase of
tEls property, but he was informed that
the company preferred to confine itself to
10 of hug
not care to make real estate Investments
The property seemed to Col. Pope the
president OF the company such an excel
tent investment that he decided to take
II himself.
As an Investment.
1t appears to be the case whenever
Washington real estate is called to the at
tertion of men who are accustomed to
make investments, and who do not need to
have a good thing pointed out to them
more than once, that they at once become
purchasers. This is only saying in another
way II at Washington real estate is an ex-
cellent form of investment, fact which
Is veil known to residents here and also
to a large number of people who have
come here for the purpose Of spending
perhaps few months in the winter AS
q rule this latter class become not only
perm aDent residents, but property owners
and very largely identified with the city.
Some improvements.
row of fourteen houses will be erect
ed On 18th street between California and
Wyoming avenues northwest, from plans
prepared by A. B. Morgan, architect The
structures will be three stories and a base
ment in height, and the fronts will be of
Roman brick, varied in design with Hum
melstcwn brown stone trimmings The
houses will he furnished with square and
circular bay windows, finished off by tow
ers and slated msnsard roofs. VIM A.
kimmel has the contract for erecting the
houses.
The same architect is preparing plans for
two two-story and cellar brick dwellings, to
be erected on North Capitol street near p
street. The structures will have a 'front.'
age of eighteen feet. and the fronts will be
constructed of pressed brick, with Ohio
blue tore trimmings. Bay windows of a
square design will be furnished, terminal
ing in tower
row of one-story brick stores will be
erected on the vacant ground on the south
side of street northwest near the cor
ner of 9TH street.