The Washington times., 1906-05-27
BIG NEW HOTEL
WILL Be ERECTED
ON AVENUE SITE
Washington Syndicate
Buys S275 900 Lot
for Structure.
WILL SPEND 100000
Ten-Story Building at Cor
ner Pennsylvania Avenue
and Fourteenth Street.
WILL SPEND 100000

As stated exclusively in The Times
yesterday. the deal for the property at
the northeast corner OF Fourteenth
street and Pennsylvania avenue, on
which Is 10 be erected g. modern hotel,
was concluded late in the day and the
sum OF $4,000 deposited to bind the con-
tract. The parties to the deal have
been working assiduously for several
days, but not until near the close OF
the dayswere all the arrangements COM
pleted Much credit IS due to Edwin
III. Pillsbury, of the Office of David
Moore. who successfully engineered the
deal. finally overcoming all obstacles
and adding one more TO the large trans
actions that have recently been put
through their office.
Now Mems Furnishing Store.
The property Is owned by Joseph c.
Willard and has been in the family for
many years. The building at present
on the corner was built about twenty
five years ago and was originally occu-
pied by the Baltimore and Ohio as
ticket Office. and is still generally known
as the Baltimore and Ohio building.
After their move TO Fifteenth street II
was rented as a mems furnishing store.
and still continues as such. The upper
stories are mostly occupied as offices for
newspaper correspondents. while the
rear buildings on Fourteenth street are
small structures that still remain as
representatives of older Washington.
Brought sa75,Ooo.
The lot has a frontage Of about thirty
four feet on Pennsylvania avenue. run
ming back 15o feet on Fourteenth street.
and in the rear end has a Ions L, which
gives Il a depth of 105 feet from west
10 east The price at which the ground
was held was $3.50 per foot. and as
there are 1901 feet in the whole parcel
the consideration was approximately
S275, 600.
Bought by Washington Syndicate.
The purchasers represent a syndicate
Of exclusively Washington capitalists
who believe there is a good opening for
such hotel as they propose. The mem
bers of the syndicate are well-known
business men whose names are a guar
antee that whatever enterprise they
undertake Will be successfully carried
out
The list comprises Christian Heurich
Harry c. Moses. Charles T. Wood Of
Wood. Harmon & Co. r. T Warwick,
'
John L. Newbold.
As soon as the title can be given and
the premises secured the construction Of
the MOTEL Will begin. 1t IS the intention
70 build a ten-story structure of the
most modern design at an estimated cost
Of 100000. The house will contain about
200 rooms, every sleeping apartment
having q bath connected There Will be
a palm garden on the roof and in the
basement a rathskeller equal 10 any in
the country.
To Be Hotel Warwick.
The name of the hostelry viii be the
Hotel Warwick and Mr.. Warwick will
probably take the management Of the
house.
All the money necessary has been pro-
vtded and the entire transaction, It is
stated. will be a cash one.
The gentlemen connected with the deal
4 are thoroughly enthusiastic over the
project and say they Will have a house
8second to none in the country.
The deal. representing as IL does in the
neighborhood of $4,000. is one OF the
largest that has occurred for some
fmonths.