The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-06-05

The greatest activity noted in real
estate during the week has been in the
way Of the purchase. announcement Of
plans and beginning construction upon
business property.
One of the most important sales was
that Of premises 924 F street northwest
by the trustees Of the Rupert Home for
the Aged to Albert F. Fox and Benjamin
F. Leighton About $4,000 was paid for
the property, which makes the value
nearly 81 a square foot.
The purchase of this property and the
taking of title by Messrs. Fox and Leigh
ton is thought 70 give color 20 the rumor
that a new bank may be started IN that
vicinity as 4 rival 10 the Columbia Ma
tiOnaI. when that institution shall have
passed permanently into the hands of the
new interests which have recently pur-
chased control. Messrs. Fox and Leigh
ton are prominently connected with the
management of the Columbia National
Bank and on the superstition that a d.
vision Will be brought about IN the con-
troll of the bank it is among the posi-
bilities that n new institution might be
formed containing a large part Of the
old management OF the Columbia.
Principals Arc Reficent.
The persons chiefly interested in the
matter said yesterday they could not give
any information regarding future plans
either Of the bank or the property pur-
chased, and the matter is only one of
rumor.
Simon and Gustave Oppenheimer have
purchased a business building in z
street, between Eleventh and Twelfth
streets.
Albert Garry has bought the Crane
Company's property in Thirteenth street
near New York avenue
Hugh Wallis is the new owner OF the
property at 1927 New York avenue.
Among the building plans announced
for office and business structures are
/ that work viii be started at once upon
the construction of the Southern Build
| Ing. at Fifteenth and II streets north
west. the law governing its height having
/ been settled by Congress. and the plans
made conformable to the statute. This
/ building viii be one Of the largest office
! structures IN the uptown section, esti-
mated to cost about S1,000,O01 1t VIII
! contain about COO rooms, and because OF
/ the large central court. each viii have
abundance Of ventilation and light. Plans
for the building were prepared by c,
II. Durham, of Chicago.
Hotel Being RemOdeIed.
Arrangements are also well advanced
/ for remOdeling the property formerly
known as the Hotel La Fetra, so that
the ground floor viii be available for a
large store and the upper floors shall
| provide room for general business pur-
poses, either for trade or Office use
/ Frederick 3. Pyle has prepared plans
! for the construction. The building will
also be increased in height by two stories
II is understood that when completed
the store will be occupied by s. s
| Kresge as and 10 cent store
An Office building will be constructed
at the northwest corner of Tenth and G
| streets by the Washington Investment
Company The present structure VIII be
! largely demolished and a new nine-story
structure Will be constructed, covering
the lot, which Is forty-five feet in G
street and about eiShty-four feet in Tenth
street Plans for the building were
drawn by J. H. de Sibour, and when
completed It viii be occupied on the
| lower floor as at present by the Mac
Lachlen Banking Company. one Of the
items of construction being a fine bank
ing room for this institution.
Old Dwelling Built Over.
The old dwelling at 1909 Pennsylvania
avenue northwest is undergoing a COM
| plete reconstruction as a business build
| ing. The owner is James Sharp. and the
ground floor office will be occupied by the
real estate business of Z. S. Wescott.
/ Including the cost of remodeling and the
original purchase price, the property is
valued at $20,O00
The storage building being constructed
| in NJ street, between North Capitol street
and the railroad tracks, is nearing CON-
/ pletion, the steel frame having been fin
ished and the bricklayers having prog
ressed considerably with the side walls
| The building is being constructed for a
! company, of which former Gov. Swan
/ son. of Virginia, and Thomas H. Pick
ford, of Washington, are controlling in
vestors.
Sales of Residences.
| Among the residences sold are: For
Annie V. Anderson to John F. Day 1872,
Illinois avenue, for $500, by Willige
Gibbs & Daniel.
| Two of six double houses John Nolan
| has started in Wyoming avenue north
west, below Park road, have been sold
/ by Davidson & Davidson. These houses
are to have sixteen rooms and Will be
! four stories high. The price paid for
/ those sold was s30,o09.
| DR.. II. d. Fry has purchased the re-
! Gently constructed building at 1929 Nine
| teenth street northwest from John Nolan
and after extensive remodeling he will
use il as his home. 1t was sold to DR.
| Fry by Davidson & Davidson, the price
being 10000.
| Thomas Armat has bought a villa site
at Coleman Park on the terraces of Rock
Creek Park through J. Walter O'Boyle
1t is the intention OF the purchaser &c
begin the erection of a home
| Explains Dizziness of Real Estate.
Thousands of homes have been bought
| In Washington in the past three years or
time, and the buyers are paying off the
trusts This was tie answer of rea