The Washington herald., 1910-05-29
PROPERTY MARKET
SHOWS GOOD SALES
Trust Company Acquires the
Building Adjoining.
HOSPITAL GETS NEW SITE
Lease for Proposed Theater nt G
and Fifteenth Streets Recorded.
Structure Must BE Finished by
August, 1912-Apartment Houses
Figure in Recent Deals.

The most important sale Of the past
week was the transfer Of the property
Immediately south Of the Washington
Loan and Trust Company for $500. 20
be utilized by that institution in the en-
largement OF it's facilities for business.
1t IS proposed TO remodel the building
standing on the lot. providing for ad-
ditional safety deposit vaults in the
basement and offices for the real estate
and trust departments In the upper
stories. This viii give room in the main
building for an enlargement Of the bank
ing room and some improvements there
which the business Of the concern re-
quires.
\ new site was also bought during the
week for the Emergency Hospital. when
it becomes necessary for the institution
to move from It's present quarters. The
site purchased IS on the north side Of
New York avenue. between Seventeenth
and Eighteenth streets. next 10 the
Lemon Building. The property was pu--
chased from the Hardness estate for
$4,000. and has n frontage Of sixty-two
feet, with depth Of 100 This property
was selected by the hospital authorities
after an examination of nearly twenty
sites offered in various parts Of the up
town portion of the city.
Chase Lease Recorded.
A lease for the new theater which the
Riggs Realty Company will erect on the
site of the old Citizens Bank and the
the name of p. B. Chase The lease calls
for an auditorium capable Of seating
1900 persons, and includes vault space
under the pavement in G street and two
Office rooms on the Fifteenth street side
connected by hall and stairway with the
lobby Of the theater. The building. ac-
cOrding to the terms OF the lease. Is 70 he
completed on or before August l. 1872
and the lease is to run twenty years at
an annual rental Of $4,000 per annum.
1t is understood that the Riggs Com
pany will begin operations upon the
structure this year b. the removal Of the
old bank building and such construction
as can be carried or upon that portion
Of the lot without interfering with the
hotel, as the lease f0= Il does not expire
until June 1911, after which the hotel
will be torn down and the new building
completed
Suburban Property Sold.
Among the deals reported yesterday was
the purchase Of ten acres Of ground by
Mrs. Catherine l. Shehan In Connecticut
avenue, between Jenifer and Keokull
streets. which is 10 be held for invest
ment. The sale was made by Joseph
Chunn. the price paid for the property
being withheld.
Lewis f. Breuninger has sold for SIS. 900
the Hartford apartment house. located IN
Clifton street, between Thirteenth and
Fourteenth streets northwest. The name
of the purchaser has not been announced
The building was erected last year and
contains fifteen housekeeping apartments
It is understood that it yields an annual
income of $1,000. The sale was made
through the real estate firm of " l.
Sansbury
Two residences will be erected in Ijv-
ingston street. in Chevy Chase. They will
occupy lots fronting 62lk feet each 70 q
depth of 13O feet. and will be Of distinctive
types Of architecture Each house will
be of generous proportions, with recep-