The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1911-09-02
CAPITALS GROWTH
! HIGHLY PRAISED IN
FINANCIAL JOURNAL
Tells of New Business Cen
ter at Fifteenth and H
Streets.
SHOWS CITY IS
FORGING TO FRONT
Change Shows Development Of
Washington as CONNER
cial Point.

A new business center has sprung IN
In this city, and the growth of the
Capital this summer has been 80 strik-
ing that 1t has attracted the attention,
OF the country.
A writer in the current issue Of the
American Bond and Realty journal, of
Chicago, describes the new business
center Of Washington as the corner OF
Fifteenth and H streets northwest, and
says that the quick rise of this new
center illustrates the strides Washing
ton Is making as an important business
city.
The summer of 1911," he says, has
seen come into full pledged existence a
new business center in the National
cred the outpost Of the downtown busi-
ness section is today practically the
center Of things.
Nowhere else in Washington are
there so large buildings, barring, Of
course, Government structures, and no.
where so many large Office structures in
such close proximity as those in this
new center-the intersection of Fifteenth
and H streets northwest.
Real estate. men and bankers pre-
dominate in this new quarter, and the
pioneer was the Union Trust Company.
with its affiliated real estate corpora
ton, Thomas ]. Fisher & Co., Inc.
These companies occupy the entire first
and part Of the second floor Of the
Union Trust building, a classic, white
granite structure on the southwest cor
ner.
Thought Risky.
when this office building was finish
ed, little more than two years ago, real
estate men and bankers thought that
the big financial and real estate insti-
buttons were banking pretty well on the
future development Of the city and dis
counting it too sharply.
Today the Union Trust is only one
Of four large office buildings which
practically rub shoulders. The South
ern building. on the northeast corner,
is finished and nearly filed with tenants.
The Woodward building, on the south
west corner, Is nearly finished and its
rooms are rapidly being leased. On the
other corner stands the Shoreham Ro-
tel, and another large office building,
the wilkins, is being constructed a few
doors west of the Union Trust. To make
way for these new improvements old
residences and other old buildings Of
a non-business character have been
RACED. The section Is one block north
of the Treasury building, and until a
few years ago some of the aristocratic
residences Of the Capital were there.
Two of the buildings, the Southern
and the Woodward, are the largest Of
fee structures in Washington-ten
stories high, the limit allowed by law
and cover more ground than any Of
the old ones. The Union Trust building
Is about Of equal size.
0ut-of- Town Investors.
THE past week has seen another ex-
ample of investment of out-of-town
funds in Washington real estate, loan
of $4,000 on realty in this new center,
the Woodward building. made by the
Travellers Insurance Company, Of Hart
ford. Conn.
The changes Of the past summer have
been sufficient to make Washington
a strange place to the visitor who has
not been in the city for a year.
washington, the political center OF
the United States, Is so prominently be-
fore the country constantly in the po-
litical and governmental news that few
Americans realize the great progress the
city itself Is making. Quite outside Of
the improvements which the United
States Is making in building great new
public structures. constructing beauti-
full monuments and opening parks,
Washington is forging ahead and is
rapidly becoming an important business
city In which Americans in every sec
ton of the country are finding profitable
investment.
mo movement of recent time so
strikingly illustrates the strides the
city Is making as this quick rise OF a
new business center.