The Washington times., 1903-02-15
b Proposed Big Office Build
ing, New Hotel and Apart
ment House for Men, in
crease Values in Vicinity.
Spring Promises Unpre-
Cedented BuSlneSS--Bu Build
ing Operations Many.
Demands for Lots.

Property owners along Fourteenth
Street are pleased because m item in
tho District appropriation bill. passed
ry the Senate Friday. provides $4,000
for thc extension OF Fourteenth street
from Whitney Avenue 10 thc north lire
of the Saul tract This means that por-
tiou OF he city and District viii re-
ccivc an impetus i'm real estate trans
actions much cnvied by other sections
Property I'm thar part Of the DisJrict
has enhanced much in value within the
past few months. Now that the street
is to be extended ana improved a fur
1heT Improvement Of property is ass
sured. Purchasers seeking q high alri-
tude for building sites have been at
tracted I'm that direction. AS soon as the
street is opened and the improvements
made. tho street car line viii De cN-
tended and many now located at lis
lance from street cars viii have these
public carriers running past their
doors.
The Improvement of the street as
slrc5 many lot additions to the real
estate market and plats may be ex-
pccted az any time Indications for many
better at this time I'm February than for
years. Every real estate broker iu
Washington is wearing a pleasant smile.
indicative OF an assured spring business
CT more than ordinary magnitude. Some
sales are being made now, but are few
and inconsccuential
Option OF the Triangle.
The exclusive announcement I'm The
Times or the option taken on the "tri-
angle" bounded by New York Avenue.
Fourteenth and II Streets caused the
brokers' tongues TO wae. and they were
not long in locating the moving spirit in
the large transaction. Mr.. Bond. Of Bos-
ton, owner of the Bond building. is ac-
credited with fathoring the movement.
ard it. IS reported the deal viii be con-
summated within the next Few days
The announcement by Thomas F.
y aish Of his intention TO erect a large
hotel Ola the present site of the Oxford
Hotel added interest to Fourteenth
Street real estate. Brokers were kept
busy endeavoring 10 keep pace with the
many moves IN real estate in that sec
tion OF the city
The Bond building has been a fnan-
cial success IN fact. the owner has
been bcsieEod with applications for Of
ices, but was unable 20 supply the de-
mand. Believing Iother similar build
ing viii prove @ paying investment. and
confident OF the S.rnd Of business to-
ward that part OF the city. Mr.. Bond is
said 20 have organized the company
which purposes erecting an Office build
Avenue Presbyterian Church
The apartment house for men. TO be
erected by Dir. Walsh across the street
from Mr. Bonds new building. will add
10 the value Of the building 10 De erected
By the Bond company.
when these three purposed buildings
are completed the intersection Of New
York Avenue and Fourteenth Street will
be one of the most valuable corners I'm
Washington. with SO many Offices 10
Gated I'm that vicinity business viii nat
urally follow and real estate values will
advance accordingly. Already brokers
are seeking option on other property
near that point. and announcement OF az
least three important deals are expected
al any time
Because OF the unusual activity fin that
particular part Of the city. there is no
reason to think other sections are not
as active. Every residence part OF the
city Is booming. and the demand for
building lots ar this time o. the year
IS greater than ever before. Within tho
past few weeks many new families have
come TO Washington 10 make the Capfta1
their home. The educational facilities
or washington have proven a strong
drawing card for the city. and too much
publicity cannot be given this fact in
exploiting advantages OF the District
Small Houses Wanted.
Many demands are made Tor pretty
homes for rent. Real estate brokers can
well afford TO encourage the building OF
small Wen equipped homes FIN tho mod
crate priced part Of Washiue-on. Six.
eight. and ten room houses are always
good properties for rent. and The demand
THIS spring is greater than ever.
Three new buildings ere planned 10
add 20 the beauty Of the Soldiers Home.
They Uiu De constructed this summer I'M
q cost of $4,000. An administration
building. a moss hall. and an addition 10
the hospital have been decided upon by
the authorities i'm charge. The mess
81
hundred feet long and three stories high.
Architects have been invited 80 prepare
plans ar the earliest possible moment.
Since the adoption OF the amendment
Co. the suniry civil bill. which passed the
House, providing for an office building
for members a. the lower branch OF Con
Eress. speculation has been rife as 10 ite
location. The consensus of opinion seems
10 favor the present site OF the Con
Ercsaioual Hotel. east OF tbe Capitol
BUILDING. AMI it's condemnation VIII
probably follow. II viii maEc on ad-
Hirable location for the S5.oooC00 build
ing 10 is proposed 10 erect. and will be
a pleasing addition 10 the Government
buildings on the hin.
To connect the Office building with the
Capitol % subway viii bc constructed
and passagcway made that mem