Evening star., 1897-02-06
REAL ESTATE GOSSIP
Looking for q Livelier Market In the Near
Future.
Much Money Ready for Investment-
Buildings to De Erected
in This City.

The real estate market is duller than it
has ever been in the memory Of any op-
orator now doing business In Washington.
This may sound somewhat exaggerated
but 1t is the consensus of the opinion of
all the leading realty men who have been
approached for their views on the subject
during the past week. The gentlemen who
express themselves in such way, how
ever, accompany their statement with a
very hopeful outlook for the future. They
seem to be confident that the money which
is now tied up in the banks in such large
amounts in the shape of deposits will be
compelled to find an outlet at a very early
day, and that this will commence when the
policy of the incoming administration on
the various questions affecting our do
mestc and foreign relations is accurately
determined. There was dullness even in
the loan department of the real estate busi-
ness during .he past week. for the reason
that nearly every one who has desired to
OBTAIN advances upon realty collateral have
ALREADY had their wants in this direction
supplied. Architects are kept compare
lively busy, but they are being called upon
more for sketches and outlines of plans
than for complete designs and the accom-
panying specifications These may be
taken, however. as indications of the in
tention of many persons to undertake
building when the spring opens.
Bids for the erection of a new Western
High School. which will cost in the neigh
borhood of s2O0.ta0, viii be opened by the
District Commissioners February Is
Architect Appleton =. Clark is preparing
plans and specifications for five-story and
basement modern apartment house. to cost
about S6o.Hn. The structure will be built
FOR Misses Pauline and Marie Burr and
Will occupy the site of their old and we'll
known residence on New York avenue i'm
medlateiy west -of 18th street northwest
and adjoining the old rink property on the
10 iS. - f..,. ~-,,os
on the west side and lO1la feet on the east
side. The building will occupy the entire
lot.
l.. a. Barr il having built residence
which viii be lbs Columbia street The
front will be of white brick and the build
ing will have a slated mansard roof 1t
will contain all modern improvements and
will be heated by hot water
The finishing touches are put on nine
buff brick and Indiana limestone three
story and basement dwellings on Kenesaw
avenue between 18th and 14th streets. 7 he
stairways and the first floors will be fin
ished in oak.
Mr.. Samuel Bryan of the Chesapeake
and Potomac Telephone Company and Gen.
;. $ Burdette have exchanged the farm
property which was the site of the battle
of Appom&ttoN for the residence of Mai.
George A. Armes. on 1 street between 14th
and 18th streets northwest. The city prop
erty is worth about $H,Oo. and the 5000
acres of land which was bought some
twenty years ago Tor S2oop is now valued
at about the same figure. 1t is under
stood that Maj. Armes will devote his
newly-acquired land to sheep-raising pur-
poses until Congress gets ready 10 pur-
chase it for a military park.
Peter FeTsinger has been awarded the
contract for building the new Portner
flats according to the plans of Architect
G. A. Didden for the sum OF sS1,:r@. He
has also been given the contract by Archi-
tect b. F. Meyers to build four three-story
press brick stone-trimmed houses on Whit
ney avenue. Three of the houses will have
furnace heat and the fourth hot water.