The Washington herald., 1907-01-20
MAY BUILD A HOTEL
Agent of Eastern Capitalists
Looks Over Property.
GETS PRICES ON THREE SITES
st. Matthews Church Corner, Hotel
Richmond, and Academy of Vista
ton Lots Considered - Home of
Shirley Carter soId-Wfn Be Re-
mOdeIed-Permit for Thenter.

Some Of the details OF q real estate deal
OF magnitude were made known yester-
day by the persons interested. The rep
resentative Of an out-of-town firm. com
posed OF capitalists in New York and
Philadelphia, was in the city during the
week looking over available sites for
locating a large hotel. The ST. Mat
thews' Church property, at the corner OF
Fifteenth and II streets, was one Of the
places visited The representative Of
the Eastern syndicate took back with
him an offer for the sale OF this property.
said 70 be a little more than $50 a square
foot.
Another corner considered was the
property occupied by the Hotel Rich
mond. which the agent Of the parties
was informed could be purchased, to-
gether with several minor lots thanking
the hotel on both II and Seventeenth
streets
\ third piece Of property inspected was
the Academy Of the Visitation. on Con-
necticut avenue, which was carefully
looked over and its availability for hotel
purposes canvassed.
Seeks Large Investment.
The agent Of the Eastern syndicate
stated that the capitalists whom he rep
resented were seeking large investment
in Washington He said virtually two
companies were represented In the
project-One a building company, which
would purchase the necessary real estate
and make the Improvements. while the
other would take over and operate the
property when completed The agent
stated that the building company had
projects in view for the building Of a
hotel and Of a theater, II available sites
for both could be secured. II is under
stood that the theater project involves
interesting a considerable amount Of
Washington capital in the enterprise be
fore II could be realized. The hotel PROMO
sition is said to be Of a different CHARGE
ter. and the agent let It be understood
that the matter would probably be fur
ther followed out as soon as the prices
and availability OF the sites mentioned
had been carefully considered by the cap
italists interested
The real estate market for the week
Vas dull. few deals being pulled of. and
httlo business Of n definite character
closed.
Shirley Carter House Sold.
One Of the sales completed was that Of
a handsome residence on New Hamo-
shire avenue, between Dupont circle and
% streets. owned -Dy Shirley Carter. This
property, known as 1929 New Hampshire
avenue, has also liberal frontage on
Eighteenth street. The property was pur-
chased By a well known resident for So
600, who intends 10 make extensive i'm
provements and additions, amounting 10
a practical remodcling OF the house. which
he will make his home. The sale was
negotiated BIS =. G. BTainard. who stated
yesterday that he had several other deals
nearing a close. which in the aggregate
would amount TO more than 10000, all
started since the beginning OK the year.
The lexington Improvement Company
has completed a transaction in which
Boyd NJ Smith exchanges his home at
1885 Q street for a farm in FauQuler
County, Va, owned by s. J. Embry
Mr.. Embry expects TO remodel the house
on Q street into an apartment house
To suit the purposes OF such a structure
an addition will be erected in the rear,
making suites OF apartments on the four
floors Of the house.
A permit was taken out yesterday at
the District Building by the Washington
Theater Company for the erection Of the
new Gaiety Theater on the site OF El3
Ninth street northwest. The architect Is
". H ElfaTick. and the builder the
George A. Fuller Company The est
mated cost Of the building is $3.50, O00
Moore a Hill during the week sold for
Frank T. SanncTt the property at 730
Thirteenth street for $4,000 which viii be
improved and occupied by the new owner
IS q home.