The Washington times., 1902-03-30
ACTIVE WEEK IN
DISTRICT REALTY
Business and Residence
Property Changes Hands
at Increased Value.
SPRING TRADE TO BE ACTIVE
Several New ard UP-to-Date Office
Buildings PTojected-PlaHs for Neigh
borhood of New Union Station-Lively
Trading in Residence Property.

Trading in Residence Property.
Mr. Henry a. Willard. Gre Of the la-ses
property owners in the District of Co
lumbia, has announced his intention C
erecting magnificent ciice building a
BIS Fourteenth Street northwest, on th'
spot where. in The early sixties. he madt
his home. The place also Gbounds in in
terest, as it has for many years beer
known as Newspaper Row. 1t is her,
that many Of the best known correspond
ents in this country have done their work
1t is stated that the building will be
modern and first class in every particular
and viii rise to height CT eight stories
1t will probably be known as the Willard
building, and for this reason, among 9th
ers. he intends to make it as substantial
and durable as is possible in modern con
struction. 1t Will On this account cost
more than would oth rwise be the case
Property OF G Street.
Since it was announced that an offict
building would replace the old Foundr!
Church there have been a great many
enquiries regarding The prices OF property
in that locality. There have, however
been few actual transactions. The en-
quiry in regard to prices has extended
already, as heretofore noted in the Tn,
Times, changes have been begun TO trans.
form the residences. especially those cr
the south side just east of Fourteenti
Street, into business places.
Mr.. Thomas Hyde has recently becom.
the owner of a piece OF property in tha
block which he has changed into busi-
ness place, and Mr. James NJ Green, VINO
sold his property on Fourteenth Street tC
Mr.. Walsh. has also bought on this blocl
and intends to transform the old residence
into business b-ilding.
Revival of Interest.
OF late there has been considerable re-
vival OF interest in property along
Street Mr.. James B. Winner. in connec-
tion with Mr.. Charles Early, has just
the negotiations which VIII re-
suit in The transfer of the title of the
building known as 1920 c Street, now used
by Mir. Winner as his office Mr Winner
takes in exchange for this building other
property. but the consideration in the
deal given to this building was SIS. .000. As
there are less than $50 feet in the lot
the per foot price was about $40. The
property, however. binds ca the alley, and
fn relation to the corner property is re-
o. rdqi &C Df ~
Eject of Union Depot.
Some Indications of the great changes
which viii be wrought in property condi-
lions by the erection of the union depot
in its proposed locality north of Massa-
chusetts Avenue, at Delaware Avenue.
are found in the discussions which have
already begun as to the probable effect,
in the first place, of concentrating the en-
city, and, in the second place, of bringing
1t farther north than has heretofore been
the case. II is believed by many that one
result will be to accelerate the tendency
TO the northward which is very notice
able in the growth and development OF
the city, and has been for a number of
years past.
On this basis plans are being discussed
Tor the erection of hotel buildings at the
points between New York Avenue and
Avenue. One scheme con-
templates the erection of an apartmnt
house or hotel on G Street, while others
propose to go still farther north. 1t is
not believed that in such a movement
the older sections of the city will be de-
serted, but that the growth of the city
and in the extension OF its business addi-
tional room will be occupied.
Many Sales Made.
The past week has been unusually ac-
tive so far as sales are concerned. Brok-
ers from ali parts of the city report that
heir business has been most encouraging
and brisk.
Moore & Hill. real estate brokers, state
hey have had a very active week, having
made ten sales. Some of these sales are
as follows: For Charles J. Walker, 149 T
Street northwest, "Bloomingdale. for
4. $50; for John NJ. Henderson, 12G Sea-
ton Street northwe-t, Bloomingdale. for
&, 300; for b. NJ Clinedinst, 1925 L Street
northwest, for 5000; for Perkins estate,
I2O6 D Street northeast, for S2,lO0; to II.
:. Vance, 222 7 Street. 1000; for Zepp
estate, 1913 Fourteenth Street northwest,
or s., 300
Ben B. Bradford, real estate broker, has
sold for Franklin T Sanner TO Henry
)Tth, the property $40 Seventh Street, for
~ coo. For Barr & Sanner TO Henry NJ.
Baker, lots A and p, square 402 fronting
los feet on tine east side of Ninth Street
between X and l. Streets, for 100000.
The daily court record Of real estate
transfers. shows that the bulk of business
S increasing. and that more realty is
hanging hands than has been the case
or some time past. 1t is the experience
If brokers and others who have to do
With realty matters that there is now. as
here has been for months past. an excel
ent market for property, and that any
,iece offered at rates that show an in
'estnent is sure TO find a buyer. Auc
ioreers report the same condition. and
heir record shows sales at excellent ig-
lres.
The amount Of property offered at auc-
ion, especially under deeds of trust, have
loticeGhly decreased. which demons trates
hat people who have membranes on
heir property are able 10 meet the in
crest charges. These circumstances as
veil as the additional cne that money is
plentiful and that there is a demand for
ouscs and business buildings. leads OBJ
ervers 10 the conclusion that the coming
eason is going to be one OF much ac-
ivi'y in the real estate market.
Office Established.
The Central Heights Company has
pened an office at 623 F Street northwest
or the purpose of introducing their prop
rty, which is located In the District,
,,sac.nt IN etro,t na,- ISnao s;-ho ,,,.,,,,,.,,,