The evening times., 1899-03-20
ttef4
REAL ESTATE BOOM
FOR GEORGETOWN
Rumored Railroad Enterprises
Send Prices SkyWard.
Fine Houses Now in Course of Con-
structiOn.
New Brick Row on FenwicIx's Hill.
New Brick Row on FenNick's Hill.
Other Buildings Under
Way.

Real estate men and property owners in
Georgetown report a decided increase in
the activity of the market since the pass
ing of severe weather. The conditions
now seem to be more favorable than ever
before in the history OF the West End.
The activity of the Pennsylvania and
Baltimore and Ohio railroads in securing
entrances into Georgetown, together with
the proposed erection of magnificent resi-
dences and institutions of learning on the
Heights of Georgetown. are having the eff
feet of sending real estate prices in all
parts of the town skyward
Amanda Mackall has just let the contract
for the construction of seven handsome
three story brick dwellings to be numbered
1900 to 1872 inclusive. Thirty fourth
Street. Excavations for foundations are
now being made. The improvement will ne
cessitate an expenditure of about $4,000.
These houses are being put up on what is
known as Fenwicks Hill, famous in
Georgetown early history as the Dis
trict's circus grounds.
Daniel Kane is building home on the
south side OF r Street between Thirty
second and Thirty third Streets, to cost
about $3, 900.
Messrs. Wescott & Wilcox and Mr.
Hines are putting the finishing touches 10
the five bay-window brick houses at the
corner of Thirty third and p Streets. 1t
is stated that Joseph Pearson is about to
improve the site at present occupied by
the old DR. Magruder mansion, 1915
Street.
In day or so the Commissioners are ex-
pected to decide upon the location of the
site for the new truckhouse 10 be erected
on the Heights of Georgetown. This truck
| house Will cause the expenditure of about
So, 600
Mrs. Susan p. Oakie is erecting a row of
four houses on Thirty Street north
OF the reservoir at L Street.
Two new brick dwellings, are being
erected on Twenty-tighth Street above NJ
They will be numbered 1915 and 1918.
Ella A. Bounds has transferred TO John
Nj. May piece of land 6i feet by 342 feet
on the Foxall Road. adjacent 10 the Con-
duit Road.
The improvements already under way in
Georgetown, together with many others in
prospect and which the early spring will
consummate. have developed great faith
in Georgetown future The entrance of the
Baltimore and Ohio Railroad is no longer
being speculated upon. 1t Is confidently
believed TO be an assured thing. The
COiupdiJ HRS ndu SuCl
success with its West End freight that
additional facilities for handling the goods
of merchants are soon 10 be established by
the erection of a freight house on strict
ly local site. @
Outside capitalists are also exhibiting a
very decided interest in Georgetown real
estate. The firm of Charles NJ. Campbell &
Co. have very recently added to their West
End real estate holdings TO the amount of
$40. 900. Property on both sides of Water
Street has been acquired. their holdings be-
ing largely in excess OF their present needs.
There is a boom coming. The people believe
it and are acting accordingly. Three or
four years 90 il was difficult TO find Wash
ington capitalists who would advance in
loans a reasonable amount on Georgetown
real estate Now Washington capital is
being invested on every street, and large
amounts of money are being unhesitatingly
loaned on Georgetown realty.
At forced sale II has been demon
strated recently that Georgetown real es-
tate will hold its own with that of any
section of the District.