Evening Star Newspaper, February 11, 1928, Page 16

16 REAL NG STAR, - WASHINGTON, JANUARY BUILDING REALTORS FOUND ! FAGNGNEW DUTIES, REACHES $4623.8% Urged to Give Tume to Study Last Month’s Construction of Town Planning—Build- | Seen as Auspicious Begin- D. ¢, SATURDAY, FEBRUARY 11, 1928. BUILDING BOOM FELT IN VACANCY INCREASE |Survey by National Association Shows Average Space Surplus of 12.03 Per Cent. | The effect of $he great building | boom which the United States has | been ‘experiencing in _recent years now is beginning to be felt, according to REAL a survey of rental conditions in 39 lcwlng cities disclose an average va- cancy of 12.03 per cent, which is larger than that indicated in any previous survey. “The space needs of the Nation have not only been fulfilled, but there is h}l’mugh space now available to mnpl/‘ demand for the next few years, sald John T. Redmond of Chicago, chairman of the national rental com- mittee. “The situation is by no means A serlous one. since the vacancy per- | centage is only 2 per cent above nor- | mal. The fact that 88 per ceat of our office buildings are rented is a healthy sisn not only for the office building business but for business generally. ESTATE." dent desire on the part of modern business _institvtions t, make their buwsiness homes in modern, welllighted and well-ventilated space. “The_report discloses the fact that there will be more than 10,000,000 square feet of new floor area coming on the narke' this year. that amount more than 6,600,0( square feet will be ready for occupancy on May 1. With the addition of that space to that which is already on the market we will have an actial ovel supply by at least 5 per cent .bove the normal vacancy.” Nearly 40 per cent of all motor acel- ers Interested. ning for New Year. dents occur at night, a safety expert declares “New space has been absorbed a the Ma‘ionai Association of Building phenomenal rate, and there is an 5 ;Ow’r'fl and Managers. Data based on A testimonial to the present activity in private building operations in the District of Columbia, aside from the Federal building program, is to be | found in the report of local projects | started or authorized during the past | month, which had a fotal estimated | value of $4. 5. This figure, ac- | cording to the T s of Col. John W. © | Ochmann, building inspector, is appre- | ciably larger than the corresponding total for any month of the past year. The closest approach to the January -\ figure was made in April. 1926, when | the value was set at $4.435.670 A number of large and important | construction projects were included in the January total and were chiefly re- | sponsible for the record total 'cost. neluded permits for the building lof* the new home of the British em- bassy on Massachusetts avenue at Ob- | servatory eircle, s large apart- { ment projects. an_addition to the main | { oftice b 2 of the Chesapeake & | ! Potomac Telephone Building and pri- vate dv ¢ The realto tion. already greatest become more impx lders of the na- T on one of thel du rv, will unities when they and study Announcing Our appointment as exclusive iod of ¥ them 1. selling’ agents Located but fiftcen minutes from the White House, Lenore Terrace is, indeed, one of Washington’s most exclusive developments. With a panorama of the rolling hillsides of nationally known Rock Creck Park and overlooking a number of estates of prominent citizens, we question whether its situation could be cqualed clsewhere. Careful build- ing and other restrictions insure here a colony of selected home own- ers, who desire unusual surround- ings, exclusivencss, large grounds and close proximity to downtown. Now is the time to sclect your site in this truly different development. for LENORE TERRACE CUilla Sites ade by firm of on com- ppeared in ity of the new build- ted in the northwest where the total was $2.201,075, as com- in the northeast 1400 in the southeast | jeets were planned | n of the city. puted to be mrnd with $15: for the southwe: Permits were a | There are only nine sites, i ranging in size from 19,600 1 square feet to 61,200 square feet. Close-in, vet secluded from the path of travel. All improvements. Here 1will be erected unusual homes that will express the individuality of their owners. Prices are surprisingly moderate. The embassy will be in the Queen The present embassy quarters are at | Y3 | nificent and distinctly English type | Anne_style, with high-pitched Dutch | the northwest corner of Connecticut | structure to house the British diplo- | type roofs and chimneys, and will be of | avenue and N street. | matic representatives to the |n|lr|tl brick construction with_coiumns and — . = I es. construction of which recently | trimming in Indiana limestone. It was 3 v\u‘ started on a large site purchased | designed by Edwin vens, British Raps Cheap Materials. : | more than a year ago on Massachusetts | governmeni chitect, in association | 1t 1o more expensive to build an avenue at Observatory Circle. Upper: | with Frederick H. Brooke of Washing- | artractive house than an ugly one, ' Front elevation <howing layoit of the | ton, and contract for the erection of | while there is no economy in cheap entire embassy structure with the chan- | the embassy has be rded to the | material sny Rhys North and Marcia n Co. of this city. | Nitad in explaning adventures in home | cery wings at the foreground and the | Wardman Construct main building, which will provide quar- | The building will be set well back ffom | pujiqing in' the March issue of MeCall's ar- | | ters for Sir Fsme Howard, the British | the street and will command a g Ambassador. appearing at the left and | flung viewof the Capital. The crounds i | rear. Lower: A closer view of the | will be extensively landscaped. The | An ostrich sometimes grows up to main building. 1 . | sub- | Mot ¢ i J i I i Cleveland Park ct that several build- | New architect’s sketches of the mag- Drive on Connecticut Avenue to Upton Street. Turn East, Continue to End of Upton . as vices of a homes har- | ign and color. Harmo: { colors is one of the most plea: es of any com For Additional Information new embassy will cost nearly $350,000. weigh more than 300 pounds. s proceed to design and d| ‘color their houses without regard to nd-{ 13 FAM'LIES HOUSED ON LOANS OF $56,300 Consult Sondyand iortzage BB iness for} $7,460,215 Authorized by { Insurance Co. ‘ suburbs and | Smppnearine | Loans totaling $56,300, sufficient to | provide housing_accomodations for 13 or in|families in Washington, were author- iis con- | 17¢d at the last meeting of the Metro- e %o the en.| politan Life Insurance Company real | rmation of roof lines. Foof | €state committee. They were placed 1@ group houses have | through Weaver Bros,, Inc., of Wash- | zcd than any | Ington. In the build-| 1oans on bond and mortgage in the | country at large, authorized at the - | same meeting, amounted to $7.460.215 {Of this amount $4.951.675 were city 1| loans and $2,508.540 were farm loans 1t of the entire di Joans on business buildings | Tt §5 not o much the de-|Amounted to $2.409.875. The housing | individual houses that are | joans will provide accommodations for | s the general masses and | 664 families. at produce a pi The —e — h as form-| The Hawailan sugar crop for 1927 largest in the history of the Hedg’es & Middleton Incorporated 1412 Eye St. N.W. Franklin 9503 Realtors ups and absence MACOMB STREET Iwae the - [ territory. CORTLAND P wooDLEy f.o . ! luflnlu QR houge Porter Street Army Officer, ordered away, i fering this delightful home at a price considerably under actual it represents the n this desirable suburb. Ideally from bus line and Liberal Terms cost located-—close to John convenient to either A splendid and thoroughly modern seven- minutes to inspect its terior plan, we fivable eomiorts and homelike atmosphere Attractiv y over 22 feet wide, with wn, 1 Kitchen: large On the will find bright, comi e ith and ed slecping poreh. 1t is metal weatherstripped: sereened and awnings are mclnded. The Targe 1ot (with privet hedge and fence) s attractively land¢ \\-u' and if vou are a lover of flowers you will fully appreciate the unusual plantings, Garage. Open Sunday 1 to 6 Schwab, Valk & Canby Erclusive Agents hest value to be Eaton Public ut or Wisc room home. 1 3 are conhident 1he 1 dining New Bungalows and Semi-Detached Brick Homes at MANOR PARK N.W. fle ven Why Do Values Ris Where Wardman Builds? Il TERRELL & LITTLE, Inc. 1206 18th St. Main 3285 ' A BOUT TEN YEARS AGO a street car came along every half hour on Connecticut Avenue. \Wardman Park Hotel was three miles north of most tratlic. Some fine old homes lay to the north; the rest was open country. After the Hotel, Wardman built 2700- 27202850 Connecticut Avenue, followed by 2701 and 2049, Then 272 came Cathedral Mansions and Wardman Park Annex. T £ ST OnOO0050S 0 FIDS000I30000000DIEE FR00DSIT0TN00CE00I00000000G03300G0 NE of the Finest Interiors in Wash- ington—Iligh Elevation—Fine Vieuw. People moved out to this delightful section and he built the original English Village adjoining St. Alban's Cathedral. Here he sold homes for $15,000 a few vears ago which have since brought 818,500 UBURLEL Entively New FVifteen Minutes From IHeart of City Quiet Best buy in eity Iy designed Real homes ' Glover Park mljmuuu.. L Amazing low price In attractive section ‘\: ar Nat'l Cathedral sndidly constructed Why do calues rise where Wardman builds? - 1su't much of it due to the right location? .\ natural artery for constantly increasing traftic—that and more and more of the right Kind of people make value in Real Estate, &l Spacious Ballroom Usable for Card Partics, Billiards Just west of Connecticut Avenue, the great natural tathic way, is I\nnt\ cighth Street Northwest (reached from Cathedral Ave- nue, or from Cortland Place at the Klingle Bridge). Here is Wood- ley Park, adjoining our famous English Village. 1t is twelve min- utes from downtown—a strictly limited avea, where we will build a home for you according to your own ideas, and finance it up to 8O of its cost. Here, too, are homes ready to live in, from 81,500 to $17,500 (excellent terms can he made to desivable purchasers), nonrr 2202 "’7th St. CAL 37 St and Tunlaw Rd.) Open All Day Sunday And Daily Until 9 1M, 1y Wascamsin Ave, worth to I Jth and worth 1o houses. Sew our sign or Children Iiven Kitchen Unusual for Beauty and Completeness Divive out Gue St A Westay 38 /(,( ‘athedral Ave.—Near Cathedral 1 vou would still protit instead of regretting lost oppottunities of the past ten years—accept this suggestion: LY imspection will reveal the merits ol thin e of Flis periol, Splendidly arvanged with spacious, sunmy rooms. Large tiled bathrooms wnd shower, Two buslt-in garages, holding cars. Unable for, 653150 Will accept SI7000 i warontly satisfactory payments for this heautiful home, Af sold this manth, formerly 55,000, for prompt sale, M 41 e or Bedronmn, 12615 14 o durge D Woilt-in garages Pased ulley in rear Screened duuble rear porches Spucious front porches Bt an tieplaces, Madianthne Soumerius lusets, Ounide puntries, Ok Honrs throughout, IN EVERY HOUSE Investigate Woodley Park, Call Our Oftice or Visit JO28 Twenty-eighth Street: Northwest WARDMAN 1437 K Street NV, hower bath b Wouter Heat Listartancons Drive Out Mansachusetts, Crons Wisconsin, 1 Left on Cathedral to Last Corner House on Francis M. Savage 2400 16th St, Columbin 7200 or Your Broker o Lett water mieled Qualu PIIGIDATIGES K Open for Inspectjon All Day Sunday and Nights Main 3830 We howse over one-tenth of Washington's Populs %m GROYOUK R W O ) % 3 Tl L L r’lflflflflflflflflmflflwflflflflflflm'kmflflflnflflflflflflflmflflbflflflmflnflmhflflflnunuflflm‘