The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1909-01-30
REALTY DEAL BREAKS
Continued from Page One.

advantage OF the opportunity 10 buy one
Of the most valuable pieces OF business
property available for a large building
enterprise in the city OF Washington.
Neither Mr.. Hutchins nor Mr.. Dante
is yet ready TO announce the purpose TO
which tie property win be put, the
answer 10 inquiry being that the purchase
was made for investment purposes
Largest Deal OF Year.
The deal is the largest and one OF the
most important made IN Washington for
many months. and establishes the record
so far fer the year 1903. Il is understood
that the price paid for lot Il, az the cor
ner OF Fourteenth and G streets. was
So a square foot. and that $50 a square
foot was PAID for the inside lots. Lot a
contains ass square feet. and the inside
4 lots contain 1872 square feet The value
q the improvements IS not large. and
the prices named may be considered
practically as the value Of the ground
alone
With the exception OF three buildings.
/ the property is occupied with one-stoTy
brick structures. built many years ago
and more OF less temporary in character
On the Fourteenth street frontage the
buildings are occupied b II L Rust
real estate Offices; VelatTs candy store
Z L. s. Lipscomb & Co, real estate Offices
and subtenants in the same building; the
( To-Kalon Wine Company; CostineJt Tai
I lorinE Company, Dunbar & CO. cigar
+ store. Walter A. Brown, real estate or
{ fees. and the Copenharver stationery
store. On the Fourteenth street front
are the cigar store az f4l2 and the hot
house and storage rooms OF J. Henry
SmaUs flower store, OF the opposite coz
ner Of Fourteenth and G streets
i Rumors Regarding sale.
4 Speculation IS rife as 70 what DISPOSE
ton viii be made OF the property. and
I several rumors ara current about the
matter. but none OF them could be veri-
( fed Yesterday. One Of the stories that
the ground win be used for the erection
+ Of a large hotel by New York parties
whose plans were frustrated by the
! Southern Commercial Congress getting ii
1 ahead in the possession OF the St Mat
thews Church property, where it was
( intended TO build the hotel. This s
largely conjecture. and persons in a posi-
ton to know the facts would not affirm
/ or deny the story
( Another rumor connects the sale Of The
{ property with P. B. Chase. and the new
I theater which il Is supposed he win build
+ In the near future. TO be ready for &C.
cupsncy wheE he is called upon 70 give
! up his present house 60 the United states
{ government Inquiry az this point elic-
+ tied no direct Information
4 Still another rumor says the ground VII
/ be used for the erection OF a large Office
F building. with great Indebtedness about
the who and the when.
I The facts are the purchaser is at pres
/ ent reticent regarding his purchase, and
/ the trustees. II they know Re facts. are
I equally So Probably when the deal Is
+ completed L viii be seen that the pro-
I perty has beer bought solely for invest.
meut. TO be sold later 20 some person OF
/ persons who have in mind the erection
/ OF some large permanent structure that
VIII yield a larger income than the build
( ings at present on the lots