The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-07-26
AIM AT SYMMETRY.

II has for It's object the prevention OF
indiscriminate building Of structures
without relation to neighborhoods.
rights OF property owners or existing
values.
The plan became effective with the
adoption Of the resolution which means
that unless plans for a high building
have been filed already with the Blu
reau Of Building. no structure can 90
erected hereafter above a certain COM
parativeiy low height unless II has de-
eidedly greater light and air court than
have been required In the past. and
unless above the legal height It covers
site. comparatively '"AS p0''0n OF INC
Owners OF properties in central sec
tons which are available for improve
feet Of the new regulation. have almost
overwhelmed the Bureau OF Buildings
with plan for monumental structures.
some OF them comparable to the great
est piles OF stone. steel and masonry
in the city.
Twenty-sIx plans were fiied calling
for an expenditure OF $22,675.Oo. These
totals. added to those OF Monday. show
have been put on record for thirty-eight
buildings which II erected would cost
q total OF $32.9i5,0OO.
From IL to 80 Stories High.
Yesterdays planning calls for about
everything In office, apartment, loft. and
hotel construction from twelve to thirty
nine stories high. and costing from
$2OOOOO to A7O,OW. The highest OF the
planned structures Is a hotel for the
southwest corner OF broadway and For
ty-eighth street, to cost u. sOO,OUO. For the
site OF the Murray Hill Hotel on Park
avenue from f'ortieth to t'orty-first
street a thirty-two story orrice, ware
house. and hotel is planned at cost OF
N.7OO.OOO.
A sixteen-story office building is
planned for the southwest corner OF
Seventh avenue and Thirty-seventh
For Thirty.fourth and Thirty third
streets. near Eighth avenue. a sixteen
story loft IL planned to cost 81, 460, 600.
At the southeast corner or seventh
teen-story building Is planned at a
cost Of 81. $780, 900. For the northwest
corner of Seventh avenue and Thirty
seventh street a sixteen story building
has been planned to cost &2.176,000.
Twelve-Story Apartments.
rwelve-story apartments with stores
are planned for the block on Park
avenue. Lexington avenue. Forty
seventh and Forty-eighth streets. to|
cost S2.500,000.
This is a New York Central opera
N.
The New York Telephone Company,
TO get by the restrictions, placed de-
signs on record for a sixtenn- story
between Pearl and Water streets, to
cost $l.20o,000.
Some builders expressed the opinion
that such plans as those filed during
the last few days would not have the
effect desired of defeating the new re-
strictions. George Backer. one OF the
largest builders in the city, said that
the officials of the bureau or buildings
probably would find sufficient objections
to most Of the plans to have them with
drawn.
May Reduce Assessments.
Real estate men said that the adop-
ton OF the plan was the most effective
action the city has ever taken tor the
preservation of property values and tor
the conservation or real estate.
walter Stabler, comptroller or the Me-
tropoitan Lie insurance Company, the
greatest lender on real estate, who mas
peen an active member OF sthe planning
commission, said that the adoption or
the plan marks an epoch In the history
Of New York city.
Some real estate men said that the
placing of restrictions on properties
which up to this time have been avail
able for any type OF Improvement might
have the effect of reducing values tenn
porariiy, out every one was satisfied
that In the long run the city viii be u
great winner.