Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-05
Aid in Getting
Long-T erm Loan
Is Suggested

the redevelopers wish it.
RIA chairman John A. Re-
mon said that as a member of
the steering committee of the
Federal City Council, he would
enlist the councils support. He
also suggested the possibility
OF the District Commissioners.
Chairman George A. Garrett of
the council and key members
OF that organization also par
ticipating.
RIA officials made it clear
that it will be up to Scheuer
and Stevens to make known
their wishes.
At present, it is understood.
the developers are negotiating
with the John Hancock Insur-
a1ce Co. of Boston, Mass, in an
attempt to secure a long-term
loan for financing the project.
Financing is the key to the
whole program, officials said.
Difficulty Getting Loan
The developers have encoun-
tered difficulty, due to the tight
money market, in securing
long-term financing for the
project. They already have an
understanding with the Riggs
National Bank here to handle
the construction loans, pro-
vided the long-term financing
can be secured.
Allan B. Elliott, assistant
executive director of RIA, to-
day told the board meeting that
the agency now has acquired
$14.6 million worth of land in
Southwest. The entire Area b
property now has been all
acquired, he said. About As
per cent of Area C has thus
far been acquired.
But Mr.. Elliott made it clear
that the agency does not yet
have all the land for the South
west freeway. BY the first Of
the year. however, I'VE will
have it all acquired" he said.
Answering a question from
Chairman Remon, Mr.. Ellicott
said that the agency was not
holding up the District High.
way Department on the free
way project.
Acquisitions Successful
1t was pointed out that the
agency has been very success
full in acquiring land through
negotiation. so it has not had
to resort to condemnation in
the courts.
Advised that Scheuer and
Stevens plans to break ground
for the first project in Area B,
a 400-unit elevator apartment
building, in February, Chair
man Remon suggested it is not
too much to ask President
Eisenhower to participate in
this ceremony because of its
Importance.
Mr.. Remon also suggested a
public showing, sometime in
the near future. of the whole
program to show where we
stand on Area B."
Nick Satterlee, architect of
the firm of Satterlee e.
Smith. working for the devel-
opers of Area B, outlined cur
rent plans to the board. He
said they are now before the
Federal Housing Administra-
ton and the District Building
for review.
Initial Project Outlined
On the block bounded by
Third and Fourth and G and
streets S.W. the 400-unit ele-
vator apartment and 81 row
house units are planned as the
initial project.
Mr.. Satterlee explained that
the developers sought to get
away from the service alley
idea and substituted service &C
cess doors in the front of the
houses. so there will be no cans
in front. He also said that they
have been studiously trying to
avoid the appearance Of a
housing project. with each
house being treated individually
and privacy secured through
the use Of walls and land
scaping.
As part Of the apartment
building project. they are plan
ming a goldfish pool and lily
pads. They hope to use the
pool in winter for skating, with
ice-making machinery placed
underground.