Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-08-26
Prevalent Feeling That the Market
Will Become Active.
TIE STEWART CASTLE PROJECT
interesting Facts About a Long
Discussed Proposition.
M ANY SEEKING HON Els

The real estate world, like all other
branches of business during the dog days,
has been rather quiet and uneventful dur
ing the past week. There was some inter-
est created in the repetition Of the Oft
made statement that the historic old Stew
art Castle, owned by the senator from Ne
vada, and located on Dupont circle, would
be shortly demolished to make a site for
great hotel. In well-informed quarters it
Is not believed that anything tangible has
yet been reached in the carrying out of
this long-cherished project. Senator and
Mrs. Stewart have been long DESTROYS of
disposing of the property, and for several
Years have exerted themselves toward ac-
comprising their wishes Several months
ago a prominent New York architect was
engaged to draw plans for a large ana ele-
CANT apartment house family hotel to
cover the entire ground occupied by Stew
art Castle, and Immediately contiguous
thereto. The design most artistic and
attractive, and the arrangement of the
apartments regarded as admirable. When
the question of cost was met, however,
and the probable income to be derived from
such building considered, it was
found that capitalists We're disinciined to
lend their aid to the proposed enterprise.
An effort was made to interest Mr.. George
c. Boldt of the Wadorf-Astoria Hotel,
ANt w 1OIh, III tIle PROJECT. out ne laljtG TO
see the advantages More recently Sena-
tor Stewart, it can be stated on reliable
authority, consulted with Senator Clark,
not of Wyoming, by the way. but the new
senator from Montana, on the subject, and
the latter agreed to take 100000 in the
stock Of a company to be formed to pur-
chase the site and erect such a structure
as contemplated, provided Senator Stewart
could secure subscribers to the balance of
the stock These facts have been common
property in well-lnformed real estate cir
cles for some time past, but there have
been no new developments in the imme-
date past.
While actual deals and contracts have not
eliminated to any great extent in the
past few days, there are indications that
the revival to come soon Will be animated.
The inquiries for residence property of the
better class by prospective renters are nu-
merouS, and there is noticeable increase
ever former years in the number of those
who desire to secure homes in flats and
apartment houses. The increase in these
buildings in the past few years has been
really remarkable in Washington, and the
patronage extended to them proves most
conclusively the wisdom of those who have
invested their money in this modern means
of community home-life.
There is no doubt that the demand for
eligible unimproved real estate situated in
desirable sections on the outskirts of the
city, particularly, will be very good this
fall. During the week several lots We're
sold on Washington Heights and in other
will lead to substantial sales are being ar
ranged
Baltimore real estate men who became
so animated over the report that Secretary
Root would take I'D his residence there
during his term of office We're very much
disgruntled when Mr. Root leased the AL
fred Clifford Barney furnished residence
at No 1926 Rhode Island avenue for tif-
teen months, commencing October / next
The lease was made through Mr.. William
Corcoran Hill, who also has several other
prospective tenants for fine houses in ne
gotiation with him.
Owing to the heavy advance in the cost
of building material there is not much con-
structiOn going on, but several permits
were issued during the week for residences
and dwellings. The most important def
mite transactions of the week was the
sale of the Garfield flats at 18th and -
streets by Senator Redfleld Proctor to llr.
Richard G. Park and the purchase of
lot on L street near Connecticut avenue by
Secretary John Hay.