The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-04-23

Owing to widespread interest in the
project announced in 1907 Of building a
large hotel at the northeast corner OF
Fourteenth street and Pennsylvania av-
enue. the sale Of the property yesterday
and its transfer to a new owner is also
Of interest.
The property was sold through wag-
staff & White for the Randolph Hotel
Company TO New York capitalist
whose name IS withheld, for about S27s,-
600, or $50 a square foot. The terms Of
the purchase are announced TO be cash
The purchaser has not revealed his in
tentions in regard 10 the ultimate use
OF the property and so far as his plans
arc known IL will he held for the time,
at least as an investment. a good rev.
enue being derived from the rentals.
Owned by stock Company.
The property was owned by a stock
company which was organized for the
purpose Of buying the site and erecting
a hotel. The site was bought by the
company from the Willard estate and
other owners. and a long effort made TO
finance the hotel proposition.
The plans Of the building and its
equipment were thought 20 be too costly
by capitalists whose aid was sought. and
owing 10 the scarcity Of ready money
during the time Of the panic the project
was finally abandoned. Meanwhile. the
property was put in as good condition
as possible by the company, leased out
arfp A. - 4
on a good revenue producing basis. hav-
ing earned as much as or 3 per cent on
the original investment and the expenses
Of remodelinE.
Christian Heurich and Randolph r.
Warwick were the two principal stock
holders in the enterprise. and Leon To-
briner was secretary Of the company.
Bank Will Be RemOdeIed.
Plans prepared by Appleton P. Clark.
jr., for a practical reconstruction Of the
Second National Bank building have been
accepted, and the work of remodeling the
building on Seventh street. between + and
F. will begin in the near future.
The plans call for the construction Of a
new front TO the building up TO the sec
Ond story. The material VIII be light
colored granite. with appropriate carvings
about the entrance and the windows.
On the interior the stairway and ele-
vators will be moved 10 one side of the
building, and the entire remaining floor
space, 50 feet by 125 feet. will be used by
the bank. In this space an ornate and
modern banking room VIII be constructed
The ornamentation will be in marble and
vault will be built at the rear Of the room.
Space will also be provided IN the rear
Of the room for an Office for the directors.
IS by % feet in dimensions. This room
VIII be finished in a high paneled design
OF mahogany.
The banking room will have a wide
central lobby. with the cages along the
sides Of the room. The apartments for
the officers viii be near the front and
convenient Tor the customers Of the bank
The building operations are In charge
Of committee Of the directors OF the
bank. composed Of William Y. Cox. Wal.
ter c. Clephane. William F. Mattinelv.
Charles W. Fairfax. Samuel ! Prescott
+. o. Whitford. and Alexander Wolf.
VIII Build New Hotel.
Plans are now complete FOR the cree
ton Of the Washington Hotel ar the
corner Of North Capitol and z streets
northwest. fronting on the Union Station
plaza. The building was designed nv
Appleton p. Clark. jr.. and will be erect
ed and owned by the Washington Hotel
Company, Of which William V Cox. 2
o. Whitford. s. J. Prescott, A. A. Rirnev.
and Alexander Wolf are trustees. The
site fronts eighty-three feet on North
Capitol street and is $50 feet deem. The
building Will stand on grade with the
plaza
The hotel Will be constructed with a
steel frame. faced with light stone. brick
and terra-cotta walls II will be fire.
proof and the interior finish will he
marble, tile. and hardwood The building
will he ten stories high. surmounted by
roof garden. fenced in with a balus-
trade breast high Of stone.
No expense will be spared to make the
hotel comfortable. and to this end all
the features or the modern hotel Of the
better class viii be installed. Among the