The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1905-01-22
MORE INQUIRY
FOR PROPERTY
At THE CAPITAL
Better Weather Stlmu-
lates Investors and
Spectators.
REALTY NEAR STATION
Much Held for Hotel Sites.
Alexandria New I'm
ion Depot.
REALTY NEAR STATION

If good weather continues for any
length of time, the real estate dealers
say, there is hope for a good spring
business. The past week has been one
of the dnllest on record, the only notable
transaction to break the monotony OF
nothing doing being the purchase OF
the Lawrence Hotel by Mr. Munsey
The advent of clearing skies has brought
TO many real estate offices CONSIDER
able number OF inquiries for properties
in nearly all parts of the city, more
especially. however. in the northwest.
These inquiries relate to both improved
and unirnproved property, the former
being mostly desired for residence and
investment, and the latter for specula-
tive holding or building. As regards the
last named inclination appears 10 run in
the direction OF moderately cheap apart
ment houses. though several well-known
builders contemplate the further cree
ton of small private dwellings that can
De let at low rentals All this. of course,
if the master builders bill is "a dead
un.''
Union Station Hotels.
Much interest continues to be taken
in the eventual development of real es-
tate in the vicinity of the new Union
Station. Several brokers have in their
hands properties around there that
would furnish admirable sites for large
hotels, and they have not given UP the
hope that some enterpriSing men may
yet be found who will recognize the adj
vantages and profits that can be reaped
from such investments. They point &c
the fact that ii nearly every large city
OF Europe, and in some in this coun-
try, the railway stations are surrounded
hnSfRlriaS M haS
which are patronized fully as much as
the hotels looted farther up town." II
some cases these hotels are erected by
the railway companies themselves, anC
leased to competent and responsible
managers for term of years, and those
conversant with the facts declare thai
this arrangement is generally found Il
be mutually satisfactory
Most of the property thus held neal
the Union Station is held at fairly stiff
prices, the brokers in whose hands i
is contending that time will justify pa
thence in this respect.
New Times Home.
Much qualification is expressed by
business men generally at the purchas,
of so prominent site as the Lawrenc
Hotel property for new home for Tn
Times Ii is conceded on all sides tina
more eligible location it would be diff
cult TO find in the District for newspape
purposes. In close proximity to all stree
car lines, to the principal hotels, an,
theaters, 10 nearly all the Government
departments, and directly opposite O
the new Municipal Building it vii
speedily become one of the landmark
of that part Of Pennsylvania Avenu
which there is at its greatest width
ia, sir
the architects charged with the prepare
ton of a design may wish 10 pursue
the lot being unusually straight an
having an area. of nearly 12,0oc squar
feet When The Times moves into II
new home it viii follow the genera
trend of westward progress, and will b
in the very heart of the city's busies
portion.