Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-01-29
REAL ESTATE GOSSIP
A Suburban Investment That Yielded
a Handsome Profit.
AMERICAN UNIVERSITY BUILDINGS
Current Rumors in Regard to New
Hotel Structures.
S o M E N E W Nous E S

Progress is being made in the develop
| ment of the enterprise of the American
University. One building has been prac-
tically completed, and funds are being coll
| lected for the erection of others. 1t is be-
lieted that duriAg the coming season ar
rangements will be SO far perfected that
| 1t will be possible to begin the construc-
| ton Of a second building some time next
fall.
Preliminary designs for two buildings
are now prepared, one for the structure to
be known as the College Of Languages,
which has been designed by W. NJ. Pom
dexter architect, and q design for another
| to be known as the College of Government,
has been prepared by Henry Ives Cobb,
architect. The latter has also made a pic
ture showing the proposed buildings as
they are to be arranged on the grounds,
| and the designs of the two buildings, as
well as the plan, Of grounds. are being ex-
hibited to those interested in this enter.
prise. Bishop Hurst, who has been the
soul Of this enterprise from the beginning,
feels encouraged over the outlook and the
interest which is being manifested in the
proposed university by those who are able
to give assistance.
Purchase of Suburban Property.
Independent Of the advantage to the city
as whole in the establishment of such an
institution here. the owners of property
| and the residents in the general locality
where the university is to be located feel
that the success of this enterprise will
! have good effect upon property values.
While Connecticut avenue extended is re-
garded as the western limit Of this sec
uon' the recent large sale of land there
- looked upon as promising indication.
~ AS was stated at the time in The Star,
Mr.. Francis G. Newlands, sold to MI. H.
r Waggaman Of this city, who represents
New York capitalist. sixty acres Of
ground lying on each side OF Connecticut
avenue extended. a portion Of which ad-.
joins Cleveland Park on the north. The
price paid was $500 an acre for the
twenty-five acres TO the west of Connecti-
cut avenue and 1900 Per acre for the
thirty-fiye acres lying on the east side of
Connecticut avenue, -
- Advance In Values. -.
The sale aggregated 1850, and, inclu6-
ing the price paid Sor the Kengia5 tract,
Which comprises some forty-five acres, thsi
I totaf ansestnAat Of money In land is about
$4Wo0O. Money Is now being spent In lay
ing out this land into building sites and
opening roads The price paid for the
tract purchased from Mr.. Newlands repre-
sents handsome advance over what he
pa!d, IoE this property when he purchased
1t in 1890 vs.
He then gave little over 81 600 per acre
Tor the land which he now sells for 81 400
and 81 600 per acre. If the same apprecia-
ton. in value applies to the 100 odd acres
lying on both sides Of Connecticut avenue
extended to the District line, which MIR
Newiands bought seven years ago, the en-
tire investment will prove to be as profita-
BILE as 1T was extensive. -.--
improvements in the county,
TOM he
of the city to establish homes in the
suburbs furnishes no doubt a strong rea-
son for this investment. The suburban
movement is confined not only to this sec
ton of the suburbs. but throughout the
entire range of country adjacent to the
city and for many miles from the business
center. Reference has been made to the
erection of houses in University Park, in
the vicinity of Tenleytown, at Chevy Chase
and in other parts Of this Immediate To-
caiity. In Cleveland Park. adjoining this
property above referred to, seven houses
are in course of construction. A hand
some stone lodge is to be located on the
west side of Connecticut avenue, midway
between Newark and Milwaukee streets.
Designs for a fine house have just been
&C mplsted, which is to be erected by the.
company controlling the property and has
been taken by Ex-Governor Jackson OF.
Maryland, who will occupy it as soon as it
of stone and frame, with frontage of
sixty-four feet on Newark street near Con-
necticut avenue. 1t will contain twelve
rooms. The District authorities are about
to build a sewer into the park connecting
with the main at the north end of the
Geological Park, which will extend the
system from the Tenleytown road on the
west to Connecticut avenue on the east.
Becomes Ita Own Landlord.
+. Although the Scientific American, pub
lished by Mum & Co., has had a branch
office in this city for forty years more.
it has always been a tenant. Now how
ever. 1t has become its own landlord by the
purchase of the building 625 F street This
building has been recently enlarged, re-
modelled, fitted with hot water heat, cleo
trio lights, iron stairways, tiled floor and
all the modern facilities of an Office build
ing suited to the uses of this paper.
The work of remodeling has been in prog
ress for the past three months under the
direction of Mr.. Edward w. Byrn, for
many years identified with Mum & Co
The office home is now completed and
Is occupied by the new owners. In chang
ing the old building for the new uses Mr.
Byrn had to meet several difficult prob
lens of construction, which, however, he
solved, and the remodeled building is not
only commodious and convenient but it is
substantial
Street Property.
Ellerson & Wemple, real estate agents,
are having the building 1929 F street re-
constructed. An entire new front is to be
Put in and a large back building extending
to the alley is to be erected. The building
is to be fitted up for business purposes and