The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1909-11-21
REAL ESTATE ACTIVE
Brokers Report Good Sales
in All Parts of City.
BUSINESS SECTION EXPANDS

Real estate during the past week has
been active. following several weeks Of
similar activity. New houses being
erected in the suburban territory north
and northwest OF the city have consti-
tuted the greater number OF sales report
ed. But some OF the other residences
and some vacant land in the city proper
are changing hands, and a few deals in
business property have been announced.
The largest sale OF the week was the
transfer Of the Bond Building from
the Charles Bond estate to a syndicate.
which Will hold and manage the property
on an investment basis. The property
was valued az $4,000. The sale OF this
Oldest OF office buildings in the uptown
section OF the business center naturally
/ calls attention TO recent developments
along the line OF New York avenue and
II street.
New Route TO station.
New York avenue. X street. and Mas
sachusetts avenue constitute the shortest
route from the financial center to the
Union station Since the completion Of
this great railroad Improvement, there
has been gradually going on new move
ment m the development Of property
along the nne described. It is now clear
that this line Of streets and avenues will
before many. years become filed with
business houses They have already
caught the tide of travel from the north
west section to the station. Where the
crowd walks and rides, there the business
blocks must so.
! In accordance with this view. New York
avenue between Fifteenth and Ninth
streets is gradually undergoing process
Of rebuilding. The Evans Building. jiie
Chesley Building. the Mutual Insurance
Building. the Masonic Temple are illus
trations Of what has been done in the
last two years.
/ House VIII Become store.
During the week came the announce
ment OF the sale Of one Of the old dwell
ing houses at sis New York avenue,
which will be Immediately remodeled and
put to business uses. The sale Of this
1 property is said to be the third Of
similar kind within a few months IN the
same block. The fact indicates that the
residences in New York avenue must
give place 20 stores on the ground floors
with apartments above. It will be a con-
ltinuation of the movement that has been
going on I'm Ninth street for the last ten
years. until that thOroughfare, up TO
New York avenue and beyond, is filed
with small and large business buildings.
n street Goes Same Way.
H street, from It's intersection with New
York avenue in both directions. is going
in the same way. With the expansion
OF the city in population, its business
must expand. and It seems TO be the
order Of things that It should develop
along the car lines and streets adjacent
TO them.
The hold which the real estate business
has upon Washington will be recognized
In the preparation of the programme OF
the Southern Commercial Congress. which
Will meet here next month. The local
committee has arranged for six addresses
upon different phases Of the question.
These addresses will deal with the real
estate question I'm the South, In the coun-
try as well as the city. and part of the
subject will apply directly to Washington.