Evening star., 1897-04-10
REAL ESTATE GOSSIP
The Present is an 0pportune Time for
Investment.
Low PRICES ARE PREVALENT
Plans Being Completed for Joseph
Wizards New Building.
IMPENDING TRANSACTIONS

Visits to a number of prominent real es-
tate dealers yesterday and inquiries as to
the condition of business developed unan-
imous feeling that a healthier tone was
apparent in the market and that it was
now possible to sell realty at prices rea-
sonable and fair. One gentleman illus
trated the state of affairs in few words
For a loEg time, until recently. it has
been well nigh impossible to secure a
buyer for property on almost any terms
he remarked. Auction sales, which are
always well advertised. were not attended
by anybody except few boys and perhaps
some passer-by who would stop out of
curiosity. Now, however, such sales are
attended by persons who wish to bid and
on several occasions recently, when prop
erty has been bought in by those con-
Quoting the sales, some one present at the
sales have come afterward and bought the
property at private SALE The prices pre-
vailing are low: lower than they have
been for several years past, and to parties
desiring to invest the present Is an op-
perfume time to do so, in my opinion.
There can be no permanence to the present
dEllness in District realty, l think, and
while l have never permitted myself to
look at realty here from the sanguine
standpoint of a boomer l am confident
there will be steady improvement IN
the market. and that remunerative returns
await those who make purchases when
prices are as moderate as they now.
There Is gossip of impending tranSac-
tions Of an important character in subur-
ban property just outside the city limits
proper. which may take definite shape in
a few days. If the sale is accomplished
number of dwellings of an entirely new
order OF architecture and interior arrange
ment will be erected.
Plans will be completed in the next week
n fyIvn nyln of hn Nortp fv,,
provementS made here for many years.
This will be the building which Mr.. Joseph
E. Willard is about to erect on his most
valuable lot. on street.-the one at the
corner of 14th. Mr.. w. Bruce Gray, the
architect, is now engaged on the finish
ing touches of the plans, and is already
consulting with the various contractors
who have been selected to do the work
over the details to be followed.
The erection during the summer of sew
eral apartment houses, other than those
which have already been announced in
The Star, is contemplated by local capital
lists, but the plans have not progressed
far enough to permit of a description at
this time.
Local architects have very little new
work on their hands this week. Prospec-
tive builders have already availed them
selves of the designers services, and con-
sequently the usual April lull is being felt.
Work on the remodeling of the front of
the 1nter-Ocean building, on 9th street
near F, is in progress, and the imposing
structure will be greatly improved in its
appearance. When completed the build
ing's front will be one of the most striking
and attractive in Washington.
Building Notes.
The prospects for busy spring in build
ing circles grow brighter every day and
the building department of the District gov
ernment is kept hard at work inspecting
new work and issuing permits to build.
work, and during the past week not less
than 125 permits for repairing dwellings
have been issued, aggregating in cost up
ward Of 100000. Nor has the permit bust
ness oeen bad. The week shows healthy
increase In tie number of new dwellings to
be erected.
The new building regulations which have
been pending for several months are al
most ready for final action, and within "a
month they will be issued These regula-
tions are believed to be the most complete
ever issued and contain the best features
Of the regulations in force in the principal
cities of the world.
H. Lloyd Irvine is building model frame
dwelling in American University Park. b.
II. Burgoyne is the architect and builder.
A neat two-story brick dwelling is being
erected at 1137 street northeast for Peter
Morris. J. w. Trumble is the architect and
builder.
C. H. GLADDEN. is building for himself. at
Ill Chicago street northeast, a brick ware
The northwestern section gets nice i'm
provement in the three-story and basement
Erick dwelling now being erected at 2126 X
street northwest for VIM. III. De Lacy. j.
Germuller is the architect and E. J. De
Lacy the builder.
Extensive improvements are being made
to Charles E. Fosters house, 1921 NJ street
northwest. The improvements consist of
rear brick addition and the addition Of two
stories to the main dwelling. b. Stanley
Simmons drew the plans and F. H. Duehay
is doing the building. The cost will be about
10000.
One of the handsomest dwellings of the
season will shortly be erected at 1717 p
street northwest for Emile Berliner 1t will
be a three-story structure, with basement
and have all modern improvements. The
house will have frontage of twenty-seven
feet by a depth of ninety-five feet running
back to a twelve-foot alley. Hornblower &
Marshall prepared the plans and Frank L.
Hanvey is the builder.
A row of three two-Story brick dwelling
is in course of erection at 615 to 6l9 Sth
street southwest for George W. Hall. j. ID.
Aiken is the builder.
CHASING GEN. GOMEZ.