The Washington times., 1911-06-24
Stimulus Is Given to the
Development of
Washington.
EVERETT PURCHASER
OF H STREET PLOT
Capitalist Will Improve Property
Now Site of Rich
mond Hotel.

The real estate activity of the week
has disclosed many important and in
teresting transactions, and has gone far
toward the commercial and residential
development of the city.
The identity of the purchaser of the
semi-business and semi-residential piece
of property, that at the northeast cor
.ner of Seventeenth and H streets north
west, the chief improvement of which
kt present is the Richmond Hotel, was
announced. There are nearly 1900
square feet of ground in the entire plot.
The new owner is Edward H. Everett,
of Newark, Ohio.
Mr.. Everett is president of the Ameri-
can Bottle Company, has extensive in
terests in Texas, and is an active CAPT
talist of large resources. He now Is
building one of the most expensive resi-
dences in the city for himself on Sheri-
dan circle. The real estate broker who
negotiated the sale of the property. Hor-
ace H. Westcott, is unable to state what
plan Mr.. Everett has for the improve
ment Of the corner. The buyer now is
In Europe and will not return until fall.
Improvement Is Sure.
While the present tenants are not ex-
pected to be disturbed for at least
year, 1t is understood that Mr.. Everett
will reach a decision as to the form of
improvement by the time he returns
and then will have plans prepared. 1t
IS certain that the new owner will not
hold the property in its present state,
for the buildings upon it do not return
an attractive income upon the invest
ment. The wealthy Ohio man seems to
have reached a settled policy of invest
ment in local realty by his purchase of
this and the Sheridan circle property.
Another interesting transaction which
portends new building for central down.
town is the sale to the owners of the
Columbia Theater Of the two old resi-
dences, now used for business purposes,
at 513 and 515 Twelfth street northwest,
which adjoins the theater on the south
side. The sale of the property for S12
q square foot by Thomas J. Fisher &
Co, Inc, was announced in The Times
yesterday. The new owners have plans
for the Improvement of the two lots, but
are not ready to announce details.
In quite another section of the busi-
ness portion Of the city, the vicinity
of the old District building, on Louisi-
ana avenue, a sale has been closed
which Is incident to an important COM
and basement residences, long since
used for offices, at 4S2-4S6 Louisiana
avenue, were sold to the George F.
Miller Co., Of Baltimore, by Thomas H.
Pickford, for the purpose of remodeling
and making of them a single building
supply establishment. Recently the
nearby Gunton building, next TO the old
District building, was sold for a similar
purpose.
Other Big Sales.
From price standpoint an interesting
sale Of the week was that of the Com
mercial Fire Insurance property at 525
Eleventh street northwest. Forty dol
lars a square foot was paid for It, but
there are only 575 square feet rf ground.
This sale was made by William K.
Ellis.
The largest deal of the week in point
of price was that of the Glover build
ing at 1919 F street, by ]. NJ Stein to
Mrs. Henrietta NJ. Halliday. The price
is reported to be $780, or $4,000 more
than 1t was sold for year ago Since
then, however, extensive interior re-
modelling has been done, and long leases
for office space made to the Govern
ment.
Quite the most interesting residence
sale for many weeks is that of the old
Chief Justice Fuller house, formerly
known as the Carroll house, at the
northwest corner of Eighteenth and F
streets northwest, which Horace H
Thaw, formerly Miss Alice Thaw and
Countess of Yarmouth. Mrs. Thaw is
TO remodel the old structure and make
1t her permanent home. rhe property
fronts 1913 feet on F street and 103 feet
on Eighteenth street. 1t is one of the
that very old fashionable section of the
city.