Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-03
sold FOR S25O,0OO
Land Near New Business Gen.
ter Brings $35 a Foot.
PLAN BIG OFFICE BUILDING
Purchaser of Hendrick Property on
18th Street Not Disclosed.
RICH'S CORNER Is DISPOSED OF
Price of Shoe Store Structure at 10th
and F Streets and Name Of
Buyer Withheld
PLAN BIG OFFICE BUILDING
RICH's CORNER Is DISPOSED OF

| Carrying with it All intimation that an
other big Office building soon may rise in
the already crowded business center ad-
! jacent to 18th and II streets northwest
announcement was made last night Of
| the sale Of the property known as the
Hendrck building, at 734 18th street
The transaction in itself is Of more than
passing interest. since the price said to
have been paid for the Hendrick building
| and the ground upon which 1t stands
WAS $25OOOO.
The lot has frontage of about so feet
by depth of 14o feet. or an area OF ,26d
square feet. The price, per foot, was al
most $50. While this figure does not rep
resent a marked increase over prices Sc
cured in other recent trades in the same
neighborhood, 1t is somewhat above the
average, and it serves to indicate the
healthful tone of the realty market in its
relation to the new and rapidly developing
business section in the vicinity In cues
ton.
One Of the latest real estate trans
fers in the same neighborhood in
volved the ground on H street near
18th street on which the Wilkins
paid in this instance being $3.50 a
square foot. Tho corner upon which
the new Woodward building stands in
cluded lot of unusually large area,
and it commanded price Of $3.50 a
square foot.
To Buy Adjoining Lots.
While the ground upon which the
Hendrick building stands is Of ample
area to accommodate an office build
ing Of considerable size, 1t is under
stood the project which is in con-
temptation will not be completed un-
TIL the purchase is made of the two adj
joining lots to the south, now I'm
proved only by one-story stores, thus
securing to the new owners an addi-
tional frontage Of sixty feet--or a
total frontage Of ITO feet-by the same
average depth Of 145 feet. In all Of
this section Of 18th street, from II
street to Pennsylvania avenue, It is
stated there are no other properties
which are open to purchase, and IL it
should be improved by the construc-
ton OF q large modern building It Will
complete the development Of the en-
tire block-with the exception OF one
comparatively small lot adjoining the
American Security and Trust Com
pany's building, which is owned by
that company.
The Hendrick building was owned by a
syndicate headed by j. Thilman Hen
drick. and 1t has borne its present name
for only few weeks, the syndicate hay-
Ing only recently finished a complete rem
ovation OF the structure. About $4,000
was spent In this work, the interior of. the
building being remodeled so that It now
contains twenty-five modern Office rooms,
The identity of the purchaser of the Hem
ofick building is not disclosed
AT the same time. announcement was
MADE OF the sale Of the Hendrick building
the first news was offered OF the consum-
nation OF another important deal in down
town business property. this second trans
action including the sale of the huilfI;no
at 10Th and F streets northwest, occupied
d. hichs shoe store. The improvements
on this lot include substantial four-
Story structure, and the lot has a 'front.'
age or seventeen feet on F street and a
frontage OF eighty feet on, 1Oth street