Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1905-04-14
Big Deal In Realty.

4 deal mas just been closed for the pur.
chase 81 1855 acres of land on the west
side Of the Old Georgetown Road, just
south OF Bethesda Park, this county. The
property was owned by syndicate, of which
Adds b. Browne was the representative, and
the sale was made by ]. Hlte Miller, real
estate broker, to W. Russell Graham, the
represe NATIVE Of the purchasers. The lat
ter intend TO organize the Maryland Land
and Improvement Company oil Montgomery
county, Md, TO which corporation the prop
erty will be transferred and through which
the proposed plan of improvements will be
carried out. The price paid for the 1856
acres was $4,000.
According to the plans of the purchasers
q subdivision will be made Of this land and
houses will be erected for sale. 1t is an.
nounced that there will be no lots available
for speculative purposes, and in the event
individuals desire to buy lots they can only
do 1t under the stipulation that they will at
once improve their holdings by the erection
OF houses which will correspond with those
that are to be put up by the company.
1t Is the intention of the company TO be.
gin the erection Of houses during the pres
emit season, but owing to the fact that there
has been delay in acquiring the title to the
land there will only be ten houses erected
this year instead Of twenty five, as was the
first plan. In addition to the money which
will be expended 10 the erection of houses,
the company proposes to provide the sub
division with all the facilities which are
found In connection with homes in city.
The streets are to be macadamized and q
sewer and water system Is TO be installed.
Trees are 70 be planted along the streets,
which are to be of unusual width, namely,
100 feet from building line to building line.
A parking OF fifty feet in length will be set
apart on each side Of the street and then
will come the sidewalks laid in concrete.
There are to be no lots less than 1876 feet
front and on these lots will be erected
houses OF suitable suburban design which
will contain eight rooms and which will be
sold from $4,000 up.
1t is claimed by the projectors Of this en-
terprise that they intend TO have suburban
settlement which will be fully equipped In
every respect, and to bring this about they
assert their willingness and their intention
TO expend half q million dollars TO carry
out this enterprise. Among the features OF
the place will be school building which
will be erected by the owners of the property
and turned over TO the Maryland authorities
with the only condition that the necessary
teachers BE- supplied.
There has been no announcement made
of those who are interested in this enter
prise, but it is said they are capitalists from
Ohio and Virginia. The former were rep
resented in the purchase OF the property by
Mr.. J. Waldo Taylor. As the property has
q frontage OF nearly q mile on the Old
Georgetown Road, along which runs the
electric road, the houses that will be erected
will be- within convenient distance OF this
line OF communication with Washington
City. The principal streets will run east
and west, but there will be also one or two
that will be opened up parallel with the
railroad.