The Washington times., 1909-05-15
RESIDENCES SOLD
BEFORE COMPLETION
Otis Street Buildings Are
Bought Up by Home
seekers.

with announcement today Of the sale
Of eight OF the sixteen houses building
on the south side Of Otis street. between
Fourteenth street and Holmead avenue
northwest. ana OF I'VE OF the seventeen
houses 10 be built or the north side OF
the same block, for which ground is
now being broken. the largest building
operation ever conducted in Washing
ton Is rapidly approaching it's close.
Briefly stated the characteristics of
the improvements recently made IN this
section Of the city. which distinguish
them from other building operations
that have figured I'm the development Of
the National Capital, are the following.
The operation represents an outlay
or slOe4. 500.
It marks the building up I'm nine
months Of the streets or Newton, Meri-
dian, Oak. and Otis between Fourteenth
street and Holmead avenue northwest
two blocks north Of Park road.
II establishes the record OF the sale
OF 15s houses before completion, with
all indications pointing to the sale Of
the entire IL houses before they are
finally completed.
II was financed by one builder, Hs--
~ Wardman.
II was worked out by one architect.
A II. Beers.
II was handled exclusively by one
real estate firm. shannon & Luchs-
Incidentally, with the completion Of
the houses now in course OF coastruc-
ton on Otis street. which viii prob
bly, be within three months. the grad
Ing Of the street by the District, now
in progress. viii also be completed,
which will result in connecting the
thoroughfare with Fourteenth street.
From the moment that ground was
broken nine months ago. Shannon q
Luchs began selling the buildings. This
record they have maintained without an
exception, as not a house has been
finished before Il was sold. 1t has been
maintained until the price brought in
by all OF the houses has considerably
passed the one million dollar mark.
In the block of dwellings now being
finished there VIII be a width Of 100 feet
between the houses located on the two
sides OF Otis street. According to the
plans that are being followed in the
construction of these buildings. they
VIII contain two stories. in addition TO
an attic. and viii be faced with iron
spot brick. They will have twenty-fOur-
foot frOntages, while the interior ar
TanZemCnt and equipment will be en-
treiy up-to-date. an example of this be-
ing parQuetry flooring
will approximate S125, 600 The values Of
the houses built last summer on Oak,
Meridian and Newton streets, running
parallel with and lying Immediately
south of Otis street, are the
following; Oak street. sl75. 600; Meridian
street, Sli5.oO0' and Newton street.
While these dwellings, front only upon
the four streets. Otis. Oak. Meridian.
end Newton. the houses located between
these thoroughfares, and which front on
Fourteenth street. are among some Of
the handsomest residences that have re-
Gently been constructed in Washington.
end add not a little to the attractive
ness for which Fourteenth street, eX-
tended, is becoming noted
The value OF the houses which front
on Fourteenth street. just south Of New
ton street and which are finished in
Flemish bond, is approximately $50, 100.
Between Newton and Meridian streets,
facing Fourteenth street, the houses are
finished IN Roman iron spot brick. Their
value is approximately $4,000.
Debble-dashed finish is the feature
OF the houses fronting on Fourteenth