Evening Star Newspaper, December 30, 1922, Page 13

REAL ESTATE. Washington’s Growth Reflected in Real Estate and Building News -THE EVENING STAR, WASHINGTON, D. C, SATURDAY, DECEMBER 30, 1922. REAL ESTATE. 13 BUILDING IN D. C. TOTALS m $45,000,000 DURING 1922 Greatest Boom in History Cuts Deeply Into Housing Shortage Follow- | ing War. Washington experienced the great- est building boom in its history dur- ing 1922, approximately $45.000,000 having been Invested by private builders in the erection of about 4,000 structures and the remodeling of bundreds more, Deep inroads in the housing short- age. which after the war had grown | to such proportions that Congress was forced to enact special rental legls- lataion, were effected by vast home cperations conducted with vigorous activity by enterprising realtors and buliders. Nearly 3,000 dwellings were completed and occupied by faml- lies within the District limits, cor- respondingly decredsing the age of apartments business for scores of realty offices. Elghty Apartments Constructed. More than eighty apartment houses and hotels were constructed, and in addition there were projected about a dozen office buildings, sixteen church and religious edifices, several theater operations, four or five banks, and numerous other -ommercial structures, such s _warehouses, storage plants, garages, factories, etc. Permits totaling In number more than 10,000 were issued by the mu- niclpal building inspector, providing | his small force with the greatest volume of work in the office’s career. July was the most active month, a cording to the building records, op- erations aggregating In cost about 36536000 being approv apartment houses were that month. Walker Hotel Costliest. The year was marked by the be- ginning of construction of the cost- liest edifice of a private nature ever undertaken here, the $5.000,000 Hotel Walker, at the southeast Corner of Connecticut avenue and De Sales street northwest. Several other large hotels and about a score of extensive apartment house operations were projected. many of them being com- pleted. It is roughly estimated that about $25,000.000 of investors' money went_into hotel and aparatment en- terprises during the past year. In addition to Allan E. Walker hotel. an eleven-story structure of concrete and steel, for which the foundation has just been completed, there were the New Hamilton, an H. Smith project, at the northeast 1ith and K streets, rising to a height of eleven storfes and cos 00.000: the Argonne Park apartment. being built by Willlam §. Phillips, at the south- west_intersection of and Harvard street, overlooking 16th street, and which IS to cost. it is u derstood, about 00.00; the $4.000. €00 trio of large apartment houses under way on the west side of Cor necticut avenue betveen Cathedral avenue bricg nitiated by 3 the Wardman Hotel operation h and st corner, involving $1. Wardman Park Annex. to the rear of Wardman Park Hotel, trect. cost- ing about 0060 Allan on Calvert the Make Your Money Work As Hard As You Work Many a man has his hort- | and proviaing | Twenty | Columbia road | \E. Walker “garden apartment’ op- eration in Petworth, off Rock Creek Church road: another _Wardman apartment building at 1507 M street, costing $300,000, and numerous other apartment. structures in various por- tions of the city. Many Big Projects. Office and commerclal buildings which were projected Included the . H. Smith Company office building at $15 15th street northwest, which will cost when completed about $1,100,000, and the Edmonds bulilding, on the site of the old St. Marks' Cafe, 15th near K street, cailing for an outlay of nearly a million dollars. The | United States Chamber of Commerce broke ground for its mew $2,000,000 home at the northeast corner of Con- necticut avenue and H street, and the Institute for Government Ke- | seurch completed its headquarters a | short distance away, facing east on | Lafayette Square. (ireat progress toward ellminataing the housing shortage which has ex- isted in the National Capital since the war was effected by local build- ers. Several leading operators erect- ed more tnan a milljon dollars’ worth of houses, one builder (Harry Ward- man) putting that much alone into «a single project—the English village |at Woodley road and 32d street. Middaugh & Shannon have virtually | duplicited the latter accomplishment in taeir Massachusetts Park home de- velopment. Other large home opera- tlons were those of Shannon & Luchs | in 14th Street Terrace, Harry Kite| in Armsieigh Park and the south-| east, D. J. Dunigan In Petworth and | 14th Street Heights and Allan k. ! Walker in Chevy Chase and Pet-, worth. | Real Estate Board Active. | | The Washington Real Estate Board | completed its second year of activity | under the reorganizatalon plan adopt- |ed with a view to widening its civic | | scope. According to John A. Petty. | executive secretary, the board enjoyed ithe most successful year in its his- tory. Country-wide recognition of 'its progressive spirit was won | through a serles of accomplishments, including the entertalning here ot the officers and executive committee- men of the National Association of Real Estate Boards during the mid- | winter convention of the committec. |the awarding of honorable menti in the aculevement trophy at the San Francisco convention of the national assoctation, the election of Mr. Petty as secretary of an important affiliated Lody of the association (the National Associaticn of Realtor Secretaries). and the election of William E. Sha non to be a director of the national realtors’ organization. The year saw the board firmly e tablished as one of the leading civic: bodles in the District, winning public ipport by maintaining a free ser ice bureau for distributing informa- \tion concerning real estate and for sting disputes between members and the publi Charles S. Shreve, for many vears secretary of the board before its re- organizataion, was elected president, succeeding Harry K. Boss, and a num- ber of new committees have been ap- pointed by him for carrying on spe- ciul work of the board. money invested in such a fashion that it produces only a small part of its capacity—the larger part of its product goes to the man who places it for him and who knows how to make it really work. Now, if you will j to put your money to work for your- self, you can get a return that is really worth while. FOR INSTANCE: This office has must be used right away, if at all) on three different investments, each of which will yield a come on a small cash investment. ust take the trouble information (that very handsome in- GO OVER THESE FIGURES— THEN PUT YOUR MONEY TO WORK A 3-family apartment building in a north- west location that assures increasing value can be bought for $17,000; $5,000 cash. Each apart- ment has 3 rooms and bath, and there is a 2-car garage. The rents amount to $2,600 per year; $1,000 a year will carry the property, leaving a net return of $1,600 on your $5,000 investment. Rather better than the average 6% that the other fellow pays for using your money, isn’t it? Phone Main 2345 for inspection of 3 startling opportunities for investors who have no more than $5,000 cash. HANNON 713 14th Street N.W. -& LUCH CHART SHOWING ESTIMATED GROWTH OF WASHINGTON AND CONSTRUCTION PROGRAM NEEDED TO KEEP.PACE CITY'S POPULATION AND BUILDI ASHER OUTLINE _OF PHEPARED BY THE SEEK TO CUT BUILDING COSTS *BY STANDARDIZING MATERIALS GRAPHIC Industry Now Endeavoring to Put Stop to Extravagant Practices in Manufacture. Will Not Affect Individuality. Of equal interest to the building in-the bullding material producer wanted dustry and to the home purchaser are|to make as many things different] the efforts now under way to cheapen |from his competitor as he possibly building _construction costs through | could. In that way he thought he could standardization of building materials | market more goods. For a long time it and building practices, was considered the sign of a Progr: The building industry. as business man if he attempted to make ity puts it, has passed through the stage | everything asked for. in_which ‘it wanted to try something| The construction industry today is new every day. There was a time when attempting to standardize to a sensible In Beautiful Woodley Park Located in the 2800 block of Connecticut Avenue—just over the bridge—you will find our modern, well built homes, portraying the highest type of Middaugh & Shannon construction and combining all that is desir- able in interior design. Two stories, attic, breakfast porch and sun room (or sleeping porch), three baths, two showers, maid or chauffeur’s room h bath, and many other features. The price is most reasonable, with especially attrac- tive terms—as low as $2,000 and $150 per month, includ- ing all interest. We have been consistently offered $200 per month ag rental for these homes. Visit our model home at 2822 Connecticut Avenue, open for inspection from 9 till 5:30 daily. Furnished by courtesy of Mayer & Co. 3 Middaugh & Shannon, Inc. Builder—Exclusive Agent—Owner. Woodward Building, 15th & H Sts. Main 6935 Own Your Own Home e L 1412 to 1508 | Varnum St. N.W. Just Off Sixteenth Street 15SOLD—3 LEFT| 8 Rooms—2 Baths Lot 140 Feet Deep Attractively arranged and _of unusual design, these homes contain every possible conveniénce and many extraordinary features. Lowest priced homes in this excellent location, on liberal terms. EERIEAMASALY Convenient to 16th street bus and 14th street cars, Exhibit -house open and lighted from 10 a.m, to 9 p.m. every | day. Representative on premises, . Best Home Value in the City The Joseph Shapiro Company OWNERS AND BUILDERS a 914 New York Ave. .W. f RECO RDS FOR THE PAST AND REPROOFING COMPANY. v | is being done without | standardizing homes to the point where | manufacturer and all look alike. THE F! ANALYSIS OF THE BUILDING SITUATION FOR THE DISTRICT OF COLUMBIA PREPAR CLYDE 'OVER ON in any way | materials are ED FOR B.ASHER PREDICTED PROGRESS FOR THE FUTURE, ' NEW CONSTRUCTION. point where costs may be lowered. This | different styles and sizes. When these reduced in number the the dealer will be The standardization is, able to carry on business with smaller not so much in design as in construc- stocks, reducing costs of manufacture tion, effort | belng made to standardize sizes | and grades. Since there are so many | It i There are toda. It must be remembered that a|and distribution. small part of the materials going into a house affect the general appearance. Standardizing Lumber. Taking lumber as an example, still more than 100 sizes of single-strength window glass, and approximately the same number of an Sizes of double-strength glass. There is | in this industry also a lack of standardi- zation of terms. possible to accomplish much in kinds of trees, all of different sizes and | the way of standardization of hardware length: nece: sizes there would still would say that a limitation of the num- begr would never do The number of window sash used fs quite large. parati it will never be possible to enterin; standardize fn lumber as in Some other = lines, but much can be done. Happily there are few sizes in com- | tings mon brick. difference in quality, the sizes are few [ and dimensional been advantageous. all home: hinges Although there is much | floors is too standardization has Imagine the un- | tor today. ary cost and annoyance {f there | guess at the labor cost. into building large. i construction. | There are innumerable styles of locks, window catches and other fit- The number of tiles used for In the matter of labor standardization there {s much to be done. The contrac. figuring on his job, must There are few xty sizes of brick, but if the | accepted standards of work. Some build accustomed to that many|ers say | mean in "w! zes and styles of Com. inter or summer; but that a bricklayer should lay be many who | 1,600 or 1,500 bricks a day, does he does he mean common brick or face brick? Although there remains much to be i done, great progress toward standardi- " few are needed in the build- | zation has been made and the various|starts off in the spring workmen are The sash and door | industries belleve much more will bel scarce, dealer often advertises more than 400 done within the next few years. BULDINGPERWTS TIE I P Last Week of Waning Year| Shows Total of $1,270,000 in New Projects. : Staging a “come-back” for the last | week of 1922, local bullders received | official permission, to proceed with | more than $1,270,000 worth of con- {struction work—more than twice the total value of permits issued the | week before. | | Granting of a permit to Harry i Wardman for the erectfon of & $1,000,- 1000 apartment house ana stores at the southeast corner of 13th and I streets accounted for the large total this week. This bullding, detailed description of which was announced several weeks ago, will be eleven | storles high. Other permits follow: F. Hormer, to build 1703-1707 Newton street northeast; cost, §4.800. 1" L. E. Breuninger & Sons. to bufld {4408 T6th street; cost, $24.000. 173 3. Keane, to_build ten houses, 12446-2458 Ontarlo road: cost. $60,000 | Max Sugar, to build eight houses, | 1501-1513 Varnum street; cost, $78, | Commodore Fitch, U. 8. X., to repair | 11410 29th street: cost, $4.000. William E. Miiler, to build 440 7th street southwest; cost, $8,000. Harry M. Noel, to build, Hawthorne place near Klingle street; cost, $3.500. Heekman-Miller Company. to build {611 Rhode Island avenue northeast:| cost, $7,000. Abner H. Ferguson, to build 3815 Huntington street; cost, $23,000. G. Gordon Bafley, to erect garage, | 1415 Hamllton street; cost, $1.200. | " @. Gordon Balley, to erect house at {1415 Hamfiton street; cost. $12,000. ! M E. May, to erect garage, 1413 Hamllton street; cost, $1.200. . E. May, to erect house, 1413 Ham- liton street; cost, $8.000. William A. Hiil, to build apart- ment, 2104 19th street; cost, $40.000. Willlam A. Hill, to bufld apart- ment, 1419 N street: cost., $45,000. MILD WEATHER BOOSTS | BUILDING-OPERATIONS Heavy Record of Construction Re- ported From Most Parts of Country. ‘The .unusually mild weather which prevailed up to Christmas this year resulted in an unusually heavy record of bullding construction in most parts of the country. Reports from the county over show the building trades generally employed at good wages, and in some instances very high :l‘eu, right up to the last of Decem- er. In a number of cities contractors have had to pay bonuses to work- men to obtain them and it became a case of different builders - bidding against each other for men. In the manufacturing cities particularly there have been shortages of work- ‘men in the building trades. Contractors and builders say that this situation is unusual for this time of the year. Ordinarily when building, but usually in the winter there is not enough building going on | estimated | ally. BUILDING AND LOAN PLANS CAMPAIGN Will Seek to Spur Interest in Home Ownership During Thrift Week. Plans for active participation Ly the 50,000 members of the local Build- ing and Loan Associatfon Council in the Thrift week campaign, January 17-23, were announced today by C Cllllmon James, president of the coun- cil. Attention was called to the fact that it is estimated the government will pay to war savings certificate holders in the District of Columbia between January 1-15, about $25,000,000. Many persons recelving this money are in- experlenced in Investing maney. and the Buliding sssoclation members are urging that this money be re-invested in sound financial institutions. More Than $1,000,000 Lost. “There s a real opportunity to be of service when it ix conservativ that the District of lvrmbla contribution to worthl, vestments during the year 192! over the million-dollar mark.” Mr. Jumes said. “During Safety week we warned people not to get hurt physic- During Thrift week let's warn them not to get hurt financially. Ad- vise your friends to consult thelr building and loan association. bank, te ‘broker before Investing. They will be glad to give them sound advice free of charge. N “Let every building and loan sub- seriber make up his mind that during the coming year he will give to the officers of his association the sup- port to which they are entitled, and will lend them his assistance in build- Ing up their aseoctations and in se- curing new members. It is a favor to those enrolled, a benefit to the assoclation and a profit to you. Home Ownership an Asset. “And aside from the purely ma- terial view point the shareholder should not lose sight of the fact that the building and loan associations are rendering & very real and very im- portant social service to the com- munity. “The officers and directors of these associations are not being paid to any great extent, and the greater part of their service is rendered as a contribution to the welfare of the community. In aiding prople to se- cure their own homes they are de- veloping citizenship and American ideals, and in this way raising the standard of American life; and every shareholder should take pride in con- tributing to this cause. The more home owners we have the fewer dis- turbances there will be, and the more contented and peace-loving will be the lives of our people. “We figure the home as a very essential part of our civillzation, and any benefit to the home must be a benefit to our state and nation. Help your building and loan association and thus help vour country. s 5 {to keep all of the members of the trades busy six days'a week. Another Indication of the extent of winter building this vear is the re- port that comes of heavy December lumber shipments. Orders picked up amazingly in December and mills particularly in the south, have been brsier than usual at this time of the ar. Solution of a Resolution When resolved to own your home VICT ORY over your landlord is won. We will help you break your BONDS, by converting them into home ownership. Homes range from $7,000 to $47,500 and they are £ DESCRIPTION Nine rooms (4 bedrooms and a glazed-in sleep- ing porch) ; 2 beautiful baths; 13-16-in. white oak floors ; 13-in. walls; standard bath fixtures; Corto radiation; American Radiator Co.’s hat-water heat plant; Ripolin enamel on all woodwork. Different elevation and "different colored brick on all the homes. tached. Two-car and one-car brick garages. Three are semi-detached and.five are at- -BUILT, which symbolizes a service well performed. Drive out Connecticut Avenue to Cathe- dral Avenue, west to 29th Street and south one block to homes. Sample home— 2833 29th Street Open Every Day Until 9 P.M. Convenient Terms Can Be Arranged W. C. & A. N. MILLER Union Trust Bldg. BUILDERS Main 1790