Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-10
INVESTMENT BUYING
Inquiry Made for Property in
az. Business Sections.
VIEWS AS TO ITS MEANING
Far-sighted Men Who Anticipate Fu-
ture Developments.
IMPROVEMENTS ARE PROBABLE
Enlargement Of the Commercial Area
Of the City is What is
Expected.
ARE PROBABLE

A feature Of the market that is not
without interest is the inquiry being made
for property In the business sections of the
city. In some cases such inquiries have al
ready resulted In the investment of money.
The use Of that word in this connection is
fully warranted by what is understood to
be the attitude of those who buy property
Of the sort in question and who are in
search of similar holdings.
1t is investment buying not perhaps in
the full sense of that term. This remains
true even when it is known that there Is
an expectation on the part of those who
are now in the market that there is to be
an appreciation in values perhaps in the
near future. 1t may also be noted that
much of the demand is from people who
are either not residents of the city or who
have not been here very long.
Anticipating the Future.
1t appears that on men of this class the
possibilities of the future of this city
make such an impression that they want
to get for themselves some of the advan-
tages which they foresee in the development
which Is to come. 1t is probable that the
influence of the change in the steam rail-
road depots Of the city is one consideration
which is uppermost in the minds of those
who are looking at property In the city
with the view of making a profitable in
vestment or speculation.
Much Of the present interest which Is di-
rected toward what may be looked upon as
business property may be attributed to the
supposed effect Of the location of the union
depot and the centering there of the great
railway passenger traffic which comes into
this city. This is shown by the good deal
of current business Of this class Of prop
erty as we'll as also the inquiries that are
being made.
Some Of the Current Gossip.
1t is supposed that new centers are going
to be made and that property hitherto
looked upon as unavailable for business
purposes is to be brought into use. Elk
actly how this Is to be done and why re-
mains as yet a good deal OF a mystery
even to chose who are somewhat familiar
with realty matters in this city.
In order. perhaps. to anticipate what is
going to happen and also to get in line
with future changes. a good deal Of prop
erty in the section directly west Of the
union depot and continuing as far as 18th
street, with varying breadth, has already
changed hands. Options have also been
secured. It is in that section that much of
the property is located about which in
quiries are coming from supposed investors
and buyers.
Talk Of Improvements.
Recent purchases, for example. along G
street with the added statement that 9TH
ers are In contemplation, have given rise to
talk about some extensive improvements
on the part Of purchasers II they succeed
In getting any considerable holdings. This
is perhaps the latest development in this
line. There Is. however. nothing very def
mite, and it may be that the undertakings
thus generally referred to may never ma
terialize.
There are those who think that all this
is perfectly natural and is only carry
ing out what Is overwhelmingly, the
broadening and enlarging Of the business
territory Of the city. It is believed by
those who hold this view that the present
retail district Of the city Is too limited and
that its extension along side streets and
also parallel streets Is to be expected and