The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1915-08-28
by j. 4. O'LEARl.

Spectators are slowly dropping out of
the real estate business in the District to
make way for small home Investors. This
belief is expressed by number of realty
brokers who see a healthier and more
progressive growth for the city in coming
Iears.
Washington has made rapid progress
along physical lines in recent Years. said
one broker in discussing the growth of
the city. but with the spectators out of
the field the growth will be normal and
lasting. The ma jority of the property is
being bought by home-seekers, and not
10y men who want to pass it along at a
higher price
In s,'i'A "f tn f4@: that other cities of
similar size hav. been free from the spec
ulator in recent years, brokers say that
Washington has kept pace with them i'll
development.
In commenting recently upon the rapid
growth of Washington. former President
Taft said: IF the National Capital con
tinues to grow during tn" remainder of
the present century rapidly as il grew
between 1910 and 1914 it will have a poru-
istion Of more than S0Wuo at tn" begin
ming of the next century. 1t follows then.
that even = touch of the wisdom Of
Georgc WASHINGTON will lead us to pro-
vide for the Capitals future
Mount Pleasant Healthy.
Mount Pleasant has become the shining
star at the city residential section,
and brokers say it will continue so for
many years. mainly because of its healthy
location on hill that overloOks the rest
of the city. Another important factor in
tho development of that section has been
adequate street ear service.
Ii is conviction among real estate
=
OF a proposed suburb may be it will
never grow without good Transports
ton facilities. In the vicinity of New
York city there are several promising
suburbs rapidly decreasing in value
because of poor car service
Much credit for the rapid develop
mcnt and present beauty of the city
should 90 to the late Senator James A
Mcmillan. who, chairman of the
Senate District Committee for Il num-
her of years. labOTed almost solely
for Washington He died August IL E.
1902. but not before some of the
dreams he held for Washington had
begun to mat.ralizc. Mcmillan Park. ad-
joining the First street reservoir, was
named in his honor.
During the last fifteen wears. while
the near-urban sections were being
created and developed. land in the city
proper decreased considerably in value.
it is slowly regaining, however. and
signs of boom in such old neigh
borhoodS as Georgetown and Anacos-
tia are scXpected by brokers within
the next few years.
Approximately two-thirds of the
dwellings in Georgetown are land
marks of the days when President
Washington lived there. The last few
years have seen many of these RACED,
and building operations in that sec
tion Will. of necessity, continue.
Thanks to the reclamation OF the fats
of the AnaCosta River by J'nele Sam
brokers fOr,s',. second Mount Pleasant
in the section south and east of the
river within decade. The land there
unwholesome condition of the river has
been drawback to its development The
work Of retaining the flats is nca ring
completion. and with ii will come a boom
for that section. brokers say
Another section that has been trans
thick woods to little suburban city is
that directly north Of Florida avenue be-
tween Fourteenth street and the Sol
di"rs' Home" II is laid uff in subdivisions
tn" principal Of which are Petworth and
liriGhtw"od narH Here again adequate
car s"rvir" played hlg part.
liut Washln"t"u'S Development has in
GUIDED quality rs well quantity. With
seer" of handS"m" government build