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News ton's Growth Reflected in Real Estate and Building BANK AT 14TH STREET AND PARK ROAD NEARLY DONE. SIX BILLIONS TO BE EXPENDED DESCRIBES REALTY $1,557,000 BUILDING ON BUILDING PROJECTS IN 1923 MARKET FEATURES PERMITS FOR WEEK Big Increase Over Last Year Predicted by Business Properties of Most Chamber of Commerce Home Experts, Who Say Country Is Seven Importance for Investment, Among Biggest Projects on Billions Behind Requirements. Says Thomas Bradley. Inspection List. The year 1923 will see buildings conslightly less amount will be for churches, hospitals, schools, etc. structed in the United States to the Real estate as an investment field is Building operations costing inBuilding Better Distributed. value of about $6,000,000,000, in the divided into certain well defined vestors more than $1,557,000 were It is predicted that the present year opinion of experts within the building groups or classifications, Thomas recorded this week in the office of will see building activity more evenindustry. This will exceed the year Bradley, local realtor, told members ly distributed throughout the country the municipal building inspector. The just ended by more than $1,500,000,000, than was the case last year. The perof the Y. M. C. A. real estate class largest projects approved were the centage of the different types of although 1922 set a new high record this week. He analyzed each class home for the United States Chamber buildings also will more nearly apin this country. It is estimated that proximate the pre- war years. For inand referred particularly to the of Commerce, Connecticut avenue and the year begins with at least $2,500,stance there will be less activity in soundness of realty investments in H street, and for the board of 000,000 in construction carried over some of the larger cities to supply Washington. temperance, prohibition and public the demand for costly homes. and because it was not physically possible Business property in first-class lo there are some signs of reaction morals of the Methodist Episcopal to complete projects planned and uncations, according to Mr. Bradley, are against continuing such large readChurch, at 1st street and Maryland considered the highest form of real der way. building programs. avenue northeast. estate investment. The conditions Industrial building projects are The country is behind with its buildunder which business properties are The new Mount Pleasant home of the Riggs National Bank branch will be opened Monday. Finishing touches almost sure to increase this year, as The list of permits follows: ing requirements at least $7,000,000,to the building are being made. the better business conditions already rented frequently provide that the H. Tompkins, to build warehouse, 000, and perhaps more, in the view evident in most lines will force cortenant maintain the property and, in rear 805 Dennison street: cost, $55,000. porations to extend their plants. It some instances, pay certain of the of some who have followed the situaLoeffler Provision Company. to building prices, either as regards matends to establish a great broadcastfixed charges, such as taxes, insur. is the history of industrial expansion tion for the last two or three years. terials or wages. There is too great build garage, Anacostia and Benning ing station in the bank building. simiance: etc. This results in the propthat plant additions are usually made road; cost. $6,000. a demand for construction for that Of this year's building it is predictin times of business activity. lar to that in Aeolian Hall, New York erty producing a definite and fixed inresult. A. C. Block, to build, 1305 Holly city, and it has leased five offices for RIGGS-TOMPKINS come, which is not affected by stress ed that more than one-third will be Yet with a shortage of moderatestreet; cost. $6,500. Building figures for the year just that purpose. of business depression or other ecopriced houses in most cities, inadefor housing projects; that slightly less ended show that the total volume of Lacy & Belt, to build, 3812-3816 nomic disturbances and affords the quate schools in nearly every comBoosts Activity. contracts was not 'so much greater 4th street; cost, $15,000. than a third will be for industrial, of investor a definite and permanent inmunity, it is certain that these Mr. Tompkins' building. the Stratthan in 1919, in so far as floor space F. J. Means, to repair, 1513 Wiscome. In connection with the vast in. fice and business purposes and that a classes of building projects will be ford building. contains eight stores is concerned, but there was an unconsin avenue; cost, $2,000. crease in population in the city of undertaken in great numbers fronting on 14th street and six frontusually large of partly finPROJECT SUCCESS G. B. Bryan, to build, 4805 Colorado Washington due to the war condiAs to building materials prices, ing on Monroe street. There are 14,000 ished construction. avenue: cost. $73,000. tions, it was shown that business althose who have studied conditions do will serve both as background and square feet of floor space in the strucThe types and volume of building Chamber of Commerce of the United not belleve that economic conditions most immediately developed to meet frame for a singer, speaker or the ture, much of which already is occuin the different parts of the country the new situation. with the result States, to build office, 1611 H street; would encourage runaway markets, pictured feature. pied. varied greatly for the year. In New cost, $1,000,000. that business locations materially enas this would bring an inevitable One feature of the new house will Construction at 14th Street England and in the middle Atlantic Designs for the joint project were hanced in value and certainabusiness Max Spector, to build, 1224-1226 reaction and a cessation of the buildbe found in the unique main ceiling drawn by George N. Ray, local archistates buildings for residential purdistricts had been further extended. ing boom. Jackson street northeast; cost, $8,000. lighting fixtures. The entire center tect. The Charles H. Tompkins Composes were much more in demand Some streets that up to recently were and Park Road Justifies Board of temperance, prohibition of the dome will be of leaded work. No Panicky Trend. than in the middle west. Industrial pany was the builder. considered high-class residential secand public morals. M. E Church. to with crystal trimming and amber Since the establishment in that secThe acute demand for construction buildings and public improvements tions are now fast being improved by build office, 1st and Maryland avenue glass. This fixture. though designed were more in demand in the middle tion of the Riggs-Tompkins enterbusiness property construction, and northeast: cost, $350.000. in some communities appears to be Hopes of Its Promoters. to appear of the lightest construcwest. New York and Chicago led the prise a noticeable increase of activity are gradually being merged into the F. L. Hess, to build, 1323 Jackson tion. will have an inner frame of somewhat lessened and the comin real estate and business circles country in the volume of building business section proper. street northeast: cost, $6,400. structural steel on which a man may permits granted, with Los Angeles has taken place, it is pointed out. posure with which building operators Growth of Chain Stores. stand to lamp the fixture or for any Penn Oil Company, to build store, Near completion of the $1,000,000 third. This activity also has been boosted have handled such situations as the 1800 18th street; cost, $5,500. other desired purpose. The development in recent years of by the initiation of construction on recent brick shortage in New York joint building project of the Riggs The Ambassador when completed E. S. McGrath, to build, 2221 King Moore's new Tivoli Theater, at the the chain store system whereby cercity, show that there is no disposition place: cost, $7,000. will make the tenth Crandall theater National Bank and Charles H. Tompnortheast corner of 14th street and to become panicky and thus permit in Washington and the fifteenth in Impressionistic. tain corporations establish stores in A. E. Hongell, to build, 2125 Conduit kins at the northwest corner of 14th Park road. skyrocketing prices The lessons of road; cost, $5,000. the Crandall chain. the others being From London Punch. the principal cities throughout the and Park road marks a milestone in 1920 in this respect seem to have had the Metropolitan, Central, 9th and E. J. P. Earnest, to build. 3708 Huntcountry has brought in a new and Detective-The captain of the ship their effect. Apparently most bankthe business and realty development Savoy, Avenue Grand, Apollo, Lincoln, ington street; cost, $18,000. distinct type of tenant, Mr. Bradley tells me you knew the man. Can you ers use their influence on the Tivoli (building) and York in Washof the Mount Pleasant section, it was said. A very interesting feature of describe him? Dress Swollen side of caution if building costs rise ton, and the Strand, Cumberland, Md. the growth of the chain store idea is Sailor-The only thing I can recolpointed out today in connection with too sharply. Strand and Apollo, Martinsburg, W. "Eat and Grow Thin." the method used by them in determinlect about 'im is that is ears was There is nothing yet, however, to the announcement of the opening Va., and American Rialto, Roanoke, ing desirable locations. In this conMrs. Skelton-Yes, I keep slender stepped well aft. indicate any downward tendency in Va. Window Jambs nection he stated that the current of Monday of the new Riggs Bank branch although I eat everything that's
