Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-15
Of the city which may be taken as a cri-
terion for other sections.
Demand for Business Property.

Of the city which may be taken as a cri-
terion for other sections.
Demand for Business Property.
These stores are rented as fast as fin
ished. The same is true with store proper
ties in sections and on streets which are
becoming business thoroughfares. both for
large and small stores. All along It'll. 9th,
18th and 18th streets old store properties
are being improved or enlarged. single
stores being. changed into double, and resi-
dences being transformed into business
places, in some instances to the extent of
the lower floor only, and in others the en-
tire building.
I'm no time in the history of the city
has this individual and collective develop
ment of store properties been greater and
more conspicuous than during the past
year. Since all of these places, as / have
stated. are rented at once, it means that
there is a demand for these smaller places
for business purposes, and this means pos
tive and well-defined business expansion
which is permanent and far-reaching.
As to Apartment Houses.
"The evolution of the apartment house
In Washington is worthy of more extended
description than can now give 1t. 1t will
be recalled by all operators that 1t was
but a few years ago that the apartment
houses in town could be counted upon the
hand; they were then new to US. AS the
movement progressed some of the more
tirnid operators thought that the project
was being overdone, and arguments as to
the possibilities of full tenancy, ETC., were
advanced by the short-sighted ones.
These conclusions are now shown to be
incorrect. With the evolution of this
branch of building and the erection of the
many large and costly apartment houses
here, as well as the smaller, the question
nf 10 hos 11l teal thn
locations are at once taken up and the rem
tails hold satisfactorily, with the accom-
panying accruing interest on the money in
vested.
Houses Also Wanted.
ION the other hand, the development Of
the smaller home movement in the newer
sections has in no way been retarded by
the opportunities offered to the family in
the apartment house. The expansion and
permaneney of this small-home movement
is shown by the gratifying fact that these
houses rent and sell promptly, indicating
the steadiness of the demand for this class
of property both on the part of the in
vestor and the home buyer.
''Then there has been very heavy in
crease on the part of the small buyers Of
individual lots in the outlying sections
acquired for the purpose of future i'm
provement in the building Of homes. This
Is one of the strongest evidences Of the
prosperity of a city. While many of these
smaller individual purchasers are in the
government service, the movement for the
investment of smaller sums In permanent
realty investments comes from all classes.
In the Heart of the City.
at Is in the heart of the business Sec
ton OF the city that the many and diver
sffied improvements are more apparent to
all observers. and in noting this growth
the other instances to which I have called
attention are not as readily observed.
I'm view Of the peculiar situation of the
treasury building the grounds of the White
House and those comprising Lafayette
Square. with Mcpherson Square a block
farther to the north, and Franklin Square.
block farther to the east, there will be
tendency to concentration Of the heart Of
the business section to within these con-
fines.
Larger and taller buildings will be the
result of this natural separation of the
congested business section from the ada
cent residential, and owners will go higher
in the air for more room. 1t will not be
many years, therefore, before the older and
smaller structures in this busy quarter of
the modern freproof buildings which go
with the evolution of the modern city"
Some New Buildings.
for the erection Of three three-story apart
ment houses at 1757-1761 Columbia road
Harry Wardman and Mrs Charlotte Daley
are the owners of the property. There will
be six suites in each building.
Plans have been prepared by Joseph
Bohn. architect, for eighteen two-story
houses to be built by Middaugh G. Shannon
at 435-460 Luray place. r..
The same firm is also building six two
OF OF Do lr
Five dwellings are to be built by Joseph
]. Moebs at 3222-323O 18th street north
west
Quick Turns in Realty.
In couple Of instances of recent sales
of large pieces of property it has happened
that the purchasers have had chance al
most Immediately to dispose Of their new
holdings at an advance. 1t Is true that in
one if not both. of the cases In mind the
final purchaser had been all along dicker-
ing for the property, but his opponent had
gotten ahead of him by offering q larger
figure.
This experience. it seems. did not serve
to lessen the desire of those overbid for
the property, and hence their larger Of
ferings after the closing of the original
transaction. OF course, such deal means
the paying of more money than was origi-
naily intended, but at the same time such
plans which had been formed, and which
would be overthrow by the failure to get
the particular piece of property that was in
mind.
Same Thing at Auction.
Some people are willing to do that, and
also there are other details which enter
such transaction and which reconcile
men to paying what might be looked upon
as bonus. Transactions of the sort are
very common when property Is offered at
auction. 1t Is by no means an unusual ex-
perience for men who have just proved to
be the highest bidders for a piece Of prop
erty offered at public auction to receive
from one of the bystanders a higher price
for it than he has just bid.
Sometimes 1t Is thought that the infiu-
ence in the case of auction sales which
induces people to try to buy at an ad-
vanced figure the property which has Just
been sold Is that when they buy in that
way they have the advantage of the judg-
ment of the first buyer as to the value