Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-02-02
REAL ESTATE GOSSIP
Increase in Facilities for Bust
ness Enterprises.
NEW AND LARGER PLACES
Some Views Expressed as to Coming
Season.
CHANGE IN THE MONEY MARKET
Current Conditions in the Realty
Market and What the Out
look Indicates.
NEW AND LARGER PLACES
CHANGE IN THE MONEY MARKET

The building of the merchandise storage
warehouse of the Terminal Storage Com
pany is to be continued Already consid-
cradle portion of the frontage owned by
the company on L street between 1 street
northeast and Delaware avenue Is occupied
by a four-story structure which is used for
the class of business done by the company
continuation of the building from Della
ware avenue west toward LIST street Is
to be begun in the near future.
Plans for the new addition being pre-
pared by A. B. Mullett & Sons, architects.
1t will, like the present building, be four
stories in height, and have frontage Of
sxty-five feet. The existing structure ex-
tends along the street from Delaware ave-
nue. west 200 feet, and 1t is the purpose
to continue, stated, an additional sixty
five feet, leaving over 100 feet of frontage
on that street before 1St street is reached,
which belongs to the company and which Is
also to be improved in a similar fashion.
To Meet Business Growth.
The furniture storage warehouse Of the
company at the corner of 1st and X streets
on the same square provides for another
department of it's business. AS an tndica-
ton of the expansion of lines Of business
this change furnishes interesting data. The
company has entire square of ground
which is accessible for railroad tracks, as
TX borders the terminal on Its approach TO
the new station.
The addition to the number as well as the
size of it's buildings has been a matter of
gradual growth and development extending
through the past six or seven years. Be-
ginning as department of the Union Trust
Company, it was separated from the parent
organization, while remaining under the
same control, and the business is now car
red on by an Independent company.
For a Bigger Building.
oIJ
similar line of business, is the Security Stor-
age Company, which was formerly a de-
partment of the American Security and
Trust Company, and is still under the same
control The storage building of this con-
Germ located on 18th street between l. and
NJ streets, has frequently been enlarged
since its erection several years ago, and
now further addition is proposed
1t is expected during the coming season
to make a considerable addition to the
storage warehouse of the company, SO that
its accommodation for business will be en-
Iarged. 1t is already a big structure and
the new portion will give additional space.
Prospects for Coming Season.
While there is nothing that is very def
mite as yet as to the character of the COM
ing season still most men who are familiar
with conditions in this city and who ap
proach the subject either from the stand
point of a real estate broker from that
of a builder or investor, are confident that
the coming season is going to be a good
There is in the first place, the circum-
stance that to their minds justihes such a
conclusion or forecast, which is that the
demand for living accommodations have
not as yet been met. They willing to
concede that perhaps there have been
enough apartment houses built for the
present, but that does not apply to the sit
Uation in regard to houses. On the latter
point the opinions of those who build houses
for sale and of those who as brokers sell
them seem to be practically harmonious.
Houses Well Occupied.
There is no dissenting view, generally
speaking, to the summary of the market of
today that all houses are well taken that
are in the market for rent or for sale. In
addition it is the experience of brokers that
there are good many people who are in
search of homes. Even at this season of
the year the home buyers are in evidence
in the offices of real estate men and as
this is rather unusual for this time of the
year, it naturally attracts attention, as all
unreasonable things are apt to do.
1t is that fact, as well the observation
of the other phases of the market that
lead men to say they look forward to
period of activity during the coming
months, 1t is not asserted there is going to
De any thing like boom or that even the
amount of building will equal that of last
season, but it is believed there will be
business.
Money Available.
There is another circumstance in this
connection that cannot fail to have an i'm
portant influence on the market and that
is the easier conditions in money matters
There will be money available for building
and especially for those who want to put
up houses make business improvements
or anything of the sort.
There is a certain proportion of the loan
able funds of financial institutions that are
put out in real estate loans and such as
sgnment for the coming season will not
only be made, but 1t is likely that the pro-
portion may be increased. There is no cues
ton about the money supply, and when it
Is recognized there is a market for more
houses and buildings, then 1t seems there
can be no doubt about the character of the
building business for the coming season.
Demand for Ground
As is usual, when there is activity in the
market 1t will not be confined to any one
locality or TO any one class of property
The land inside and outside of the original
limits of the city will be improved and the
movement which has been in progress for
some years toward building up the sub
urbs will go on during the coming season
The great demand is for cheap ground
and yet in such location that il seems de-