Evening Star Newspaper, December 17, 1921, Page 13

R T B Riggs Bank Interests E i Plans for a real estate and build- tng davelooment involving nearly a millton Goliard for upper 14th street, in e block between Park road and Monroe street northwest, were an- nounced today by Riggs Bank inter- ests and Charles H. Tompkins, local investor and builder. The Riggs Bank interests, which have recently acquired control of the Hamilton Savings Bank, with banks and offices at Tth and I street and 14th and Park road, will proceed at once to erect a two-story, fireproof bank, store and office building at the cornersof 14th and Park road. Mr. Tompkins’ Proposal. Along with this project, Charles H. Tompkins will erect on the site of the old Stratford Hotel, at the corner of 14th and Monroe streets, recently purchased by him, a fireproof build- ing similar in design. Mr. Tompkins will have charge of the construction of the bank building as well as that of his own enterprise. Both build- ings are from plans by George M. Ray, architect. While present plans call for only a two-story building in each case, the foundations and struc- tural parts are being made sufficient to carry the entire structure eight stories high at any time this may be- come necessary. This will mean that there will be a new building on the entire 1l4th street frontage from Park road to Monroe street, extending east on Park road 121 feet and east on Mon- STEWART CASTLE SITEPURCHASED Historic Lot on Dupont Cir- i cle Acquired by Charles { W. Semmes. Sale of the site on Dupont circle of the historic Stewart castle, for- merly one of the landmarks of this 'REAL ESTATE. TWO BUILDING ENTERPRISES, TO COST MILLION, PLANNED Local Builder, Project Improvements in Upper 14th Street. €L Touipkins, roe street 141 feet. The post office, which now occupies a part of the bank property, will not be disturbed at this time. The exterior of both of these build- ings will be of classic design, of In- diana limestone and metal. Designed to House Bank. The building at 14th and Park road will house a large bank at the corner, surrounded by nine stores—two on Park road and seven on 14th street— with offices above. The building at Monroe street, which will be known as the Stratford building, will con- tain fourteen stores—eight on 14th street and six on Monroe street—the second floor being arranged to accom- modate a luxurious bowling alley, with space for twenty alleys, a lounge and rest rooms. There will be a cel- lar under both buildings, and each store will have its separate cellar and separate rear entrance—the rear en- trance being taken care of by a large court in the rear of the buildings con- | necting with a private alley, glving access to Park road as well as Mon- roe street. It is felt that an improvement of this nature will be of deep interest to the merchantd of upper 14th street because it will offer a high type of stores and offices, each store being approximately 15 by 60 feet. The ceilings of the stores will be high enough to accommodate mezzanine balconies for future growth. The Riggs Bank interests intend that the bank at 14th and Park road i shall be fully equipped in every par- ticular to offer every facility available in a modern bank. The rental management of both buildings will be handled through the ‘f&““;l estate office of Randall H. Hagner 0. now to above $500.000 for the week. Sev- eral properties in Chevy Chase figure {in these transactions. One of them | is a home at the corner of Connecti- cut avenue and Newland street, in old Chevy Chase. This property con- tains about one-half an acre of ground, shaded by forest trees. The residence is of stucco and there is a garage for two cars. The purchaser was R. E. Burks. - The property at 1718 Rhode Island avenue has been sold for Mrs. Edith C. Matthews of New York. This is a modern home containing ten rooms and two baths. Another Residence Passes. ‘The property at 1721 H street was sold for Mrs. Paul Bartlett of Ne York for business purposes. This property has a frontage on H street | of fifty feet, and marks the passing of another of the older residences of ‘Washington to business. THE EVENING STAR, WASHINGTON, Architect’s conceptic 14th street, will Above is the new Riggs Bank branch, to go up on the corner of Park rond, ECONOMIG LOSSES BY FIRE PORTRAYED Real Estate Class at Y. M.| C. A. Told of Immense Property Destruction. of how the new banking and offi ppear when completed. | stated, the loss from fire annually | 900,00 | averages one-fourth the valuc of the |fires, |average annual production of new | buildings. The gross loss in this greater than all of Eu- rope combined. These figures, i $11,800,000; grease, oil, whole fieid for the reason that they are gathered from insurance statis- tics and it has been estimated that property to the extent of $400,000.- 000, not covered by insurance, was| destroyed in the United States and | Canada during the year 1920 by fire. Another startling feature of this needless economic waste, according to |an estimate for 1920 prepared by a| | committee of the Fire Marshals’ Asso- | ciation of North America, is the ter-| |rific loss of human lives due to fires| which, it was stated, averages According valuable for the gas, artificial, $10,200,000 reason D. C., SATURDAY, DECEMBER 17, 1921." buildings, to be erected in the block between Park road and Monroe street on upper nd below ix the Stratford building, to be erected by Charles H. Tompkini | hot ashes and coals and open | € Eu-500,000; rubbish and litter, $3.500,00 ¢ vas | steam and hot-water pipes, $1,900,00 | explained, do not actually cover the | Greworks, firecrackers, etc, $1.500,000. to Mr. De’Espard, ’id(a of having certain days, or per- | haps weeks, set aside each year for| | the purpose of educating the public | in fire prevention is economically very that cause of fires, generally speaking, is within the control of the public. Methods of Adjustment. In outlining the methods of adjust- | ing claims for reimbursements of fire 23,000 | 10sses, Mr. De'Espard stated that com- Real estate men are watching with interest the transformation of former exclusively residential sections of Washington into business thorough- fares, brought about by the congested condition which exists in the down- town commercial section of the city. The district to the north of the present central business section, now located along Pennsylvania avenue, E, F and G streets, is undergoing a gradual, but nevertheless complete, change at the hands of investors serving the needs of various indus- trial, financial and professional inter- ests, it is observed. This district, bounded roughly by H street on the south and K street on the north, and lying between 14th street and Connecticut avenue, for many years was the stronghold of some of the capital's pioneer resi- dents. Brownstone and brick front dwellings of two, three and four sto- ries, popular in that day, lined both sides of the intersecting street, and the aspect presented was one of quiet, homelike splendor. Great Changes Noted. Today a different scene is presented. Wrecking crews may be seen on sev- eral of the streets engaged in tear- ing down these 0ld mansions, and con- struction gangs are occupied in erec: ing fine new business buildings, gen- erally with white limestone or stucco fronts that stand out in sharp con- trast to neighboring dingy residences of an earlier day. K_street_is perhaps the thoroug! treasurer, and Mrs. Alice B. Doggett d Mrs. F. D. Meigs, directors. Rutland Courts Owners, Inc. J. Sherman Moreland, president; J. Warren Smith, secretary; George W. Lamasure, treasurer, and W. Edgar Leedy Carl J. Quentell, Frederick W. Towers and Lyster G. Bayly, di- rectors. Parkwood Owners, Isaac Diggs, president; Mrs. Kath- [erine Emrick, secretar G. L. Rob- erts, treasurer. and Dr. Joseph AL Heller, Dr. William T. Patten, Mrs. Jennie McH. Walker, Samuel Miller and Frank L. Wagner, director: Inc. — Judge the | miral Austin M. Knigh Dr. Charles McEnerne: H Louis F. Valentine, treasurer, and Mrs. Harriet Barney and Isaac Dod- son, directors. Dumbarton Courts Owners, In; Moultrie Hitt, president; Miss F. Alice | Barbour, secretar: ker, treasurer, and John T. Campbell and Mrs. Mabel A. Butler, directors. Cavanaugh Courts Owners, 1 Marcus W. Haynes. president; Wal- ter Holland, secretary; Mrs. Adrian B. Tolley, treasurer, and A. Hartwell CHOOSE OFFICERS, Report Complete Harmony in Co-Operative Plan During Year. the REAL ESTATE. Charles G. Par-| "4~ BUSINESS DISTRICT INVADING FORMER RESIDENTIAL SECTION Real Estate Men Note Sweeping Changes. Also See Rise in Property Values as Expansion Takes Place. fare sustaining the most rapid growth from a busines standpoint, according 0 a survey of the street recently made by a representative of The Star. Dating from the first invasion of this residential_section several years ago. when the Wardman building and the corner structure adjoining broke into the block, numerous changes have been effected from time to time, and these, with building projects totaling millions of dollars in course of com- pletion or contemplated, will work what wculd be a Startling resutl in the eyes of thost who first built their homes in this locality. Starting at 14th street and walking west on K street, The Star repre- sentative noted first the scene of activity on the site of the old Hamil- ton Hotel, where a_new eleven-story hotel is going up. Further along the block it was recalled that a local in- vestor some time ago acquired the old residences adjoining the Department of Justice, with a view to erecting a tall office building there. Across the street, on the northwest corner of Vermont avenue and K_street, signs of a prominent realtor's office indi- cate that this fine old home has been turned into a realty “bechive’ Next door the large brownstone residence. 1430 K street, serves as headquarters for the George Washington University Law School. Many Other Projects. A number of remodeling projects in the 1500 block, on the south side, were noted. Next door to the whitestone {Redmond building was seen the office of a builder and architect, and on the southeast corner was a realty office, all turned from residential to business uses. On the north side, at first glance, it appeared that the habitations re- ed intact, but it was then recol- lected that a hostelry of ten or eleven stories and costing several millions {of dollars is planned on the Warder | property site. l Similarly, on T and H streets the process of remodeling and rebuilding was well advanced. Four new lime- stone fronts appear on the south side of 1 between 14th and 15th streets. and several real estate and business offices are on the opposite side in old dwellings. H street has virtually no appearance of having been once resi- dential. Reasons for Changes. In this connection R. L. McKeever, local realtor, said as to the reasons for these changes: ‘Washington,” has outgrown in popu- lation, the size of the present business laistrict, like the small boy, is beginning. ito show evidence of ‘growing pains’ The central business district has to expand, and is expanding. Already some of the smaller firms are moving | persons per year for the ten years,petent adjusters who devote their en- The property at 1306 Rhode Island| Tremendous economic losses Sus- | preceding 1920. | tire time and study to this subject are avenue has been purchased by the (tained through destruction of prop-| From a careful study and analysis : : Columbian _ Preparatory School, of |erty by fire were brought to the at-|of statistics the National Board of (€MPployed by the insurance companies which George B. Schadmann is thef . £ stud in the {Fire Insurance Underwriters has is- |These adjusters arrive at the sound rincipal. This is a large brick resi. | tention of students in the real estate n . | P is |sued a statement concerning the value of property destroyed by con- dence, containing fourteen rooms, | class this week at the Y. M. C. A.|nohociiion of fires that could proper- | yujios: e formerly owned and occupled by|by R. S. De'Espard, local insurance |ly be classed as preventable. sulcasiongwi thigautHoEItss JRoRicons | struction and replacement costs and Judge Job Barnard of this city. g | The residence, 1736 I street, was also | 020" | Payments Made on Losses, |in some instances call In expert ap- From figures classified for the five-| ;rgigers. In the matter of settling a disposed of (o' an_out-of-tewn pur-| Figures obtained by the National' chaser for a_consideration in excess|Board of Fire Insurance Under- vy, e . ) . year period 1915-1919 the insurance ! claim for loss, it was stated that the of 336,000, The house coniains ten|yriters through carefully prepared|company actually made payments for |moral hazard was considered fto affor the year, tozether With the plans Gances of this ety The new e | statistics, it was stated, show a total |n;. Jogges that are classed as pre- | g 5 2TEC, SXtont At the conclusion | for the new vear In every case chaser intends to extensively remodel |loss from fire in the United States| ... =.- Pre-iof Mr. De'Espard's lecture a set of | Was set forth that complete harmony ChEsar: I y ventable in the following amounts:| forms used in the work of adjusting | and accord prevail and the spirit of 5 and Canada during the past fourteen |\ ..., .q and smoking, $73.500,000; de- | fire losses was distributed to the class | co-operation has done much toward | 3 ; de-) bringing real home life to the apart- Elections of officers of the corpora- tions which purchased ten apartment buildings here on the co-operative plan were held at annual meetings of the stockholders during the past week. The buildings were sold by the Allan E. Walker Company. Reports of the president of each of the corporations outllned the op- eration of the building in his charge off F and G streets to nearby side streets, and this movement is rapidly taking the eity out of the class of the one or two business street towns.” “The demand for F and G street properties from firms outside of the city as well as in Washington Is so great and it is so exceedingly cult to find any property on either of these streets of which possession can {be had by the purchaser that the | prices of the limited few available necessarily become very high crease accordingly as the years Balcom, Maj. W. L. Browning, Mrs. E. M. Clement, Mrs. Louise M. Ful- i cher, Roscoe E. Mague and Theodore | | . Kluttz, directors. | _The Adelphia Owners, Inc.—R. | Byron Bond, president; Frank . { Hemmick, secretary: Harry J. Bosse. treasurer, and Waiter L. Schofield C. Webber, directors . Inc.—Col. H.| | R. Stiles, president; Fred E. Enfield, | secretar: Miss Imogene treasurer. and Jacob G. Moore and M. O. Eldridge. directors The Lambert Owners, Inc liam H. Sholes, president; E. V ton, jr., secretary; John E. “'H“a:n - | T section of the city, by ex-Senator Clark of Montana to Charles W. Sem- mes, for a price said to have been considerably more than $200,000, was announced this week by the Real Estate Investment Company and Randall H. Hagner & Co. 1 It is understood that Mr. Semmes, who is president of the Semmes Motor Company, contemplates erec. tion on the corner of a large auto- mobile showroom, subdividing the re- maining plot for investment purposes. Premises 1902 Calvert street was and easier to old * & > 0 3 h z i - 5 < 1 sy > 3 . o astle” some vears ago|to Ralph E. Fotter. =~ = o @ sth ana|35i0.625.200. It was noted that the |000; stoves, furnaces, boilers and thelr | At the next meeting of this class. of New Officers. i o - direntoms, 2% MisS|2ra" replaced with store and office tim of the business in- the Dupont circle district. became a roads in Ex-Senator Clark has held the prop- erty for a number of years. located at the intersection of Con- necticut and Massachusetts avenues and fronting on the circle, sold for more than $10 a square foot. A residence in Cleveland Park, 2908 The Real Estate Investment Com-|Ordway street, was sold to a local pany announced total sales amounting | purchaser. values will enhance very Williams, | rapidly. It is to these districts that Mary L. Pierce, treasurer, | the long-headed investor is now cast- R. A |ing his eve with a idéa of future, and not very far distant. profits. \. D.|buildings 1 Streets, containing over 7,000 feet of | 1058 for 1920, amounting to $330,853,- | pipes, ground, was transferred from Thomas Fortune Ryan of New York to a local investor. It is understood the new purchaser intends to erect a large apartment house on this site. The list of officers and directors | elected by each corporation follow: Avondale Owners, Inc.—Albert W Howard, pres Charles J. Stock- |and James A. Pitney and Mrs. Clinton. R. Rob director. The Hoyt Owners, Inc which will be held Tuesaday night, De- o Parker, president; Henry $55,100,000; sparks on roofs, camber J H. Tocal . was far in excess of that of an¥ | ¢aq 300 000: petroleum and its prod- | realtor, will lecture on the subject of revious year. 5 in another way, heucts, $25,900,00 “The Art of Selling Real Estate.” For Rent - Stratford Building (Former Site of Stratford Hotel) 14th and Monroe Streets Real Estate Broker, Located at 1108 16th St. N.W., Announces That Mr. Ralph H. Campbell is now associated with his organization as M: of the Rental Department. Mr. Campbell has had several years' experience in the Rental Departments of leading Real Estate organizations in this city, specializing in the rentals of business properties and the management of large estates and apartment houses. He solicits your patronage. REMARKABLE NEW HOME VALUES 9th & Longfellow Sts. N.W. $8,350.00 Terms $1,000 Cash; $75 Per Month Six good size rooms, tile bath with bult-in fixtures, concrete colonial front porch, double rear porches; h.-w.h., electric lights; large closets in every room; 7-8-inch oak floor down stairs. PLAYGROUND FOR CHILDREN IN CENTER OF SQUARE Take Takoma car on 14th St. to 9th, one square north; take Ga. Ave. car to Longfellow St., one square east; or phone us for automobile service. 2 Open for inspection 9 a.m. to 5 p.m. daily. EXCELLENT ROOMING HOUSE||A REAL HOME IN BEAUTIFUL 1415 Harvard St. N.W. MT. PLEASANT Semi-detached brick, built by one of Washington’s best builders for his 1865 Monroe St. N.W. Six spacious rooms, tiled bath, h.w.h,, home; 10 large rooms (5 bedrooms) and bath; h.-w.h., electric lights, three cabi- electric lights; very high elevation; large yard; colonial front porch; south- net mantels. ern exposure. Room for garage. In first-class condition. rage space. Price exceedingly low and terms can be arranged. O I T QU I T ) Desirable modern stores with basements Entire second floor arranged for 20 Bowling Alleys LEASES NOW BEING NEGOTIATED For plans and further particulars m Il LT Best Location in City A few steps from 14th st. car line *1,000 Cash Exhibit house, 1208 Jefierson St. N.W. Apply RANDALL H. HAGNER & COMPANY 1207 Connecticut Avenue Franklin 4366-67-68 Ample ga- Can be bought cheap on attractive s s terms. Six good livable rooms and bath Opern for inspection Sunday 1 p.m. to Open for inspection Sunday 1 p.m. to 5p.m. 5 p.m. : INSPECT TODAY! ' Beautiful New Homes - No. 1758 to 1768 Lanier St. NW. ALMOST NEW AT A PRICE THAT WILL SURPRISE YOU 3913 13th St. NW. Liberal Monthly (One Block North of Columbia Road) Pretty colonial brick home, thoroughly Payments % : & modern, six large rooms, tile bath, dou- We specialize in design- Eight rooms, two complete baths; attic; large sleeping porch; ble rear porches ; deep lot to alley; room Pittsburgh instantaneous water heater; oak floors; finished in ma- hogany and white; lot 2214x142; brick garage. PRICE REASONABLE—TERMS IF DESIRED for garage. 4 Can be handled on small cash pay- ment, balance monthly. Open for inspection Sunday 1.p.m. to 5 pm. ing large living and din- ing rooms, extra large breakfast and sleeping Sample House No. 1760 Lanier Street Open, Heated and Lighted Daily Until 9 P.M. - N. L. SANSBURY COMPANY, Inc. “Everything in Real Estate” > Exclusive Agents 1418 Eye Street N.W. These are only a few of many desirable homes listed with us. Call or phone for list 9(" properties in the section you desire to locate. WM. S. PHILLIPS REALTOR ! Phone Main 98 Values like these in such a location are 1409 New York Ave. N.W.