The Washington times., 1909-07-24

increases which have been recorded in
land values, both before the panic II
1907 and since-but particularly since.
Lines drawn east and west perpendtc-
ular to where the increases are recorded
along the immediate course of Four
ed, respectively, IN all the distinctive
areas OF the northwest section.
Fourteenth Street Values.
From the business section through the
extended business section. from the
residential section through the extended
residential section and through the sub
urban divisional. Fourteenth street re-
cords an increase in values ranging all
the way from 10 TO 80 per cent And
the most remarkable feature % II all
is the growth Fourteenth street has
made as a business street.
AS the best suited street for business
purposes west Of Seventh street. Four
teenth streets expansion, already re-
narkable. may be said TO have hardly
begun. This belief, generally accepted,
establishes at the outset that invest
ments made anywhere on Fourteenth
street or in territory parallel 10 where
increases have been recorded on -Four
teenth street. will be reasonably safe.
The business section Of Fourteenth
street practically ends at Park road
From Pennsylvania avenue to ParlS
road property increases during the past
year have ranged from 10 to p Per
cent. With the trend Of growth con-
tinuing northward. there is little pros
pect that Park road will long remeIr
the northern terminal OF Fourteenth
streets business section.
This terminal is now marked by the
old car barns al the corner of Park
road and Fourteenth street, which are
being transformed into an amusement
arcade, which viii vie in size with any
institution Of its size In Washington.
The improvements being made on the
property have, IN themselves, st1nu-
lated realty values TO no little extent
IN that immediate section.
Apartment Houses Being Built
Business property has not injured res
idential property on Fourteenth street
between Pennsylvania avenue and Park
road. On the contrary the expansion Of
the former has strengthened the pre-
existing value OF the latter.
Residences and apartment houses are
being built south Of Park road. and
preparations are under way 70 com
mence other structures Of a similar
type. A street TO be known as Belmont
IS being graded one block west from
Fourteenth across the old Sherman
tract On the corner Of Belmont and
Fourteenth two modern apartment
houses are 10 be erected by a prominent
local builder during the year.
From Park road north are to be found
the types of modern-priced homes,
which more than any other classes of
houses have figured In the building
Renaissance OF the Capital since the
panic II IS here the investor has met
with 8 quick return upon his money
the broker has made phenomenal records
for selling houses before they were
completed and the population Of Wash
ingtOn has recorded a distinctive ten
dency toward domlciling on ground pos
sessing a high elevation.
II is here, likewise, that as many op-
poTtunities await the investor as there
have ever been at any time in the his
tory of the section
Phenomenal Building Record.
no more positive proof Of this can be
found than the decision of one builder
to attempt TO duplicate the already
phenomenal record ne has established
during the past year. This record was
the building up in nine months of four
streets, Newton. Meridian, Oak. and
Otis, which extend from Fourteenth
+ street east. the houses. of which the
/ last are now being finished having
/ been, almost without exception. sold be-
I fore completion.
I The attempt 10 duplicate the record
now centers in the purchase by the
/ builder Of ground fronting Fourteenth
street. between Webster and Crittenden
I streets. on which he will erect eighty
/ four houses.
That these buildings will be com
pleted and sold In much the same man
ner as the n-Meridian-O ak-O Otis
street houses is believed to be almost
| assured considering that demand for
property in this section has not yet
/ manifested any signs Of weakening.
| Throughout the length Of Fourteenth
! street and the territory adjacent tn