Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-07-19
TRANSFER ANNOUNCED
Of | STREET PROPERTY
Potomac Electric Power Com
pany Sells Land in New
Business Center.

The sale has been announced by the n.
J.. Sansbury Company for the Potomac
Electric Power Company of premises
1412, 1414, 1416. and 141S l street north
west. This property has frontage OF
ninety-one feet by a depth of ninety
three feet and contains about ?OOO
square feet. The lot is especially desira-
BILE, being bounded on three sides by al
leys The purchaser was local busl-
ness man, and the n. L. Sansbury COM
pany will continue 10 represent his inter
ests Since the sale offers to purchase
and also to lease the property II certain
improvements were added have Deeh
made. Consideration is now being given
by the owner to pending propositions, put
no decision has been reached. Inc ten
ants have recently been required TO va
cate. so that the property could De ue-
yeloped without any delay.
The location is just off 14th street. and
in a section whose growth during the iast
decade has practically changed the aspect
of the financial commercial and business
section. improvements in the same
neiehborhaad have included those on II
and surrounding streets, where the 70
lonial Hotel was replaced ny Ins oA ",
the Southern building. and George WASH,
ington University by the Woodward
building These Improvements nave iiaue
the corner of 18th and il streets. the mos.
has proceeded northward. eastward anu
westward. several new buildings oeins
erected. notably the Wilkins, CornWei
and Equitable.
Growth Not spasmodic.
That this growth is not spasmooic' out
that it is likely to continue until the en-
tire neighborhood will be utilized TOT
business houses, is strongly evidenced py
ht,iId
Strurtion of the New Arlington Hotel
and the Real Estate Trust building.
T street is an example of the perma-
nency of the growth OF TINS seCtion' aS
much trading has occurred on TINS par
ficular street during the past Few
wears. the prices in many instances ex.
ceeding the prices paid seven or elsn'
years ago for similarly situated prop
ar,y on III street The sales which nave
been made have gone on quietly. now
ever so that no unusual attention mas
been attracted. The first OF these safes
involved the corner OF l4tn anu
streets which was sold to Cen Bu.
chanan several years ago at about saI
per square foot Following this came
the sale of the residence of Gen. John
W. Foster. at 140o l street. winch
sold at about $4,000 less than hVe
years ago. Some improvements were
made on the building, and this year re
port says il sold for $4,000 to Jonn w.
Childress, who moved his ONCE TO the
building. AnOlncT ei-S
uronerty west of the alley, which was
taken by Hugh Reilly. and the improve
nent and development of this property is
understood to be in contemplation at TINS
time There have been several offers
recently for the Donnelly property. at the
southwest corner of 14th and l streets.
In all. there have been more than four
teen parcels of ground sold in this square.
the last being the premises first men
toned.
I Street Will Share Traffic.
That street Will have good share
Of the traffic from Connecticut avenue
and from surrounding thoroughfares and
hotels Is evident from the fact that II
street today is one of the most congested
streets in the new financial district.
The possibilities of this section never
appeared brighter than at the present
time, when one considers that the tri-
angle now owned by John X. Mclean
az undoubtedly no distant date Will be
improved for business purposes. and
when that is done, on account of the
present values of the land, 1t is very
likely to be one of the finest improve
1uents in the city of Washington. This
move will mark a climax 10 the pass
ing of the old downtown residence sec
ton to give way to a new financial. com
mercfal and business center, which, from
= point of convenience OF location, makes
ta lapcal