The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-10-13
LOUGHBOROUGH
IS NOW ON
SALE
Allan z. Walkers Northwest
Commercial Project Placed
On Market.

On Market.
The Allan e. Walker Investmen;
Company today formally placed Oh
the market its large commercial and
Industrial development at "Lougn'
borough" including about 100 acreS
of land fronting on the Georgetown
branch Of the B. & o. Railroad for
approximately mile, on both sides
Of River road.
Loughborough is about mile di-
rectly west of Chevy Chase circle
and approximately the same dis.
lance from Tenleytown on River
road.
To Sell Various Tracts.
The Allan e. Walker Investment
Company proposes to sell various
sized tracts to industrial and COM
mercial concerns. claiming many
strategic and economical advantages.
Several plots have been sold where.
on improvements will be made short
ly. Negotiations are under way
tending to the sale Of many more.
indicating the rapid movement OF
the property.
1t would be difficult to select a
property where the topography is 80
admirably suited to various business
needs. Several miles Of railroad SID
ings and streets will be built to fully
develop the property. Some OF the
0idings viii be on grade and some
win be at an elevation Of from eight
70 twenty feet, making such loca-
tons very desirable for coal and
humber mills. Two streams running
through the property will furnish
sufficient water for all manufactur.
ing needs. A trunk sewer also runs
entirely through the property.
When the B. & o. Railroad con-
gtructed its Georgetown branch the
company officials recognized this az
q stragetic point for the delivery OF
freight and supplies and for manu-
featuring and other business, closely
adjacent to the rapidly growing
Northwest section Of the city and
suburbs. Establishment Of a pack
age freight station, which also Is
proposed, will supply freight to q,
large part Of the Northwest city and
suburban territory and for much OF
the rapidly developing territory
south OF Rockville and stretching
TO the Potomac river.
Good Location.
Il % claimed for the Lough-
borough tract that it is the closest
point from railroad to a large part
OF the Northwest section of Wash
ington and the great Northwest
suburban area, including Chevy
Chase, Cleveland Park and other
suburbs. It IL further stated that
Loughborough sites are ootainaole
mt q fraction Of the cost Of ground
at any other railroad terminal and
freight station and that the delivery
haul 10 downfall, whereas the haul
from other terminals to the North
west, generally speaking, is uphill.
These two features alone will make
Il very profitable for q company dis
tributing coal, lumber and other
commodities in the saving Of over
head.
Another Of the important advan-
tageg claimed for Loughborough is
that Il is located just over the Dis
trict Line and Is much closer to the
center Of the city than many manu-.
featuring plants now in the District,
and that the territory Is not sub
ject to the strict regulations Of the
District.
Officials Of the Walker organize
ton confidently predict the rapid de-
velopment Of this entire section with
great enhancement in land values.
Commercial and industrial plants
viii employ a large number Of
operatives. The company proposes
70 develop. q particularly attractive
plot Of high ground for the housing
Of these employees. It is also ex-
pected that BODYBUILDING develop
ment win also occur on adjacent
property owned by other interests.
An Historical Point.
Loughborough has long figured
as one Of the historical points of
this section. A large part of the
property included in the Allan 2.
Walker development was in posses
SION Of the Loughborough family for
many generations. In the Sixteenth
century it was a French trading
post. In 100 a part of the old
stone mansion, now standing on the
property, was built. The remainder
was erected in 1874, making it one
Of the Oldest buildings in this Sec
ton.
The Walker interests have given
particular demonstration of the adj
Vantages of Loughborough for com.
mercial and Industrial uses. Tho
Bethesda Blue Granite quarry and
the large wholesale gasoline and oil
storage plant Of the Washington Ac.
ceSsor1es Company, both are located
there.
Officials Of the Walker organiza.
cion are confident that this UNIQUE
enterprise will be one of the most
successful ever launched by this
wel-known Washington organiza.