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Building News | __WASHINGTON, D. C., SATURDAY, NOVEMBER 14, 1936. PAGE C—1 | 12-STORY OFFICE 10 BE BUILT HERE William H. Walker to Erect Building at 734 Fifteenth Street. SERIES OF SETBACKS WILL BE FEATURE 1 - New Edifice Will Have Limestone Facade and Harmonize With Neighboring Areas. BY JAMES Y. NEWTON, A 12-story office building will bi erected at 734 Fifteenth street, 11 was announced today by William H Walker, veteran real estate man anc owner of the property, in the hearl of Washington’s financial district. II will be the first large office structuri to be built in the downtown businesi area in several years. Construction of the modern build « lng will be started in the near fu ture. Work of razing the present ole structure already has been started The site is considered one of the bes1 on the Capital's ‘'Wall street." The new structure will rise between twe of the largest banking institutions the American Security & Trust Co. and the Union Trust Co. Years age the site was the location of the Prus sian Embassy, before the formation of the German Beich. The building will front 50 feet on Fifteenth street, and will have a depth of 145 feet, with a center court, To be known as the Walker Building. • It will have a facade of Indiana lime stone, harmonizing with the commer cial and Government buildings in the neighborhood. The offices will be large and well lighted. Elevators and other equipment will be of the latest design. Architects for the new building are Irwin S. Porter and Joseph A. Lockie, Whose offices are located in the Na tional Metropolitan Bank Building. The contract for construction has been awarded to the firm of Schneider & Spliedt, also of this city. The building will rise to a height cf 130 feet, including set-backs. Walker is one of the Capital's pioneer realtors. During past years he has contributed much to the building of the city. STORES USE LOANS FOR EQUIPMENT Attractiveness and Comfort Be ing Promoted by Modern izing Credit. Seven out of every ten moderniza tion loans made to retail stores and service trades by banks or other pri vate financial institutions and insured by the Federal Housing Administration were used for the‘purchase and in stallation of equipment. The remain ing three went for structural repairs * and alterations. The retail store has given vital consideration to the comfort and convenience of its patrons. Air-con ditioning has been installed In many under the terms of the modernization credit plan. The attractive fittings available to the retail store of today have been purchased widely. Figures show that 29,519 loans to retail stores were insured by the Fed ' eral Housing Administration from August, 1934, through August, 1936, representing a dollar volume of $25. *79,042. Of these, 20.040, or 67.9 per cent of all loans to stores, amount ing to $14,982,360, were used for equipment purchases, while the bal ance of 9,479, or 32.1 per cent, with a value of $10,396,682, was used for Structural alterations and repairs. Eliminate Useless Sills. Except where the floors of two rooms are of different materials, saddles, or •ills, should not be used. They are . dust catchers and may cause falls. Attractive Interior Views of the New Silver Star Home in Brookland The tastefully decorated living room of the sixth Silver Star Home of 1936, located at 4112 Attractive master bed room of the new Star home, which will be open to the public for the Tenth street northeast. The house was built by Malcolm Matheson, Jr., Inc. next three weeks. W. B. Moses Co. furnished it. —Star Staff Photos. REALTORS' SESSION OPENS WEDNESDAY 40 to Leave Washington To night for New Orleans ■ Convention. A group of 40 Washingtonians, in cluding realtors and their wives and officials of Government housing agen cies, will leave at 7 o'clock tonight for the annual convention of the National Association of Real Estate Boards, which will open In New Orleans Mon day and continue through Friday. The Capital delegation is scheduled to arrive in New Orleans at 9:35 Sun day night. Convention headquarters will be the Roosevelt Hotel. Advance reports Indicate the largest meeting held by the national association in a decade, with special trains being run from most of the larger cities in the East and Midwest. To Play Prominent Roles. Members of the Washington Real Estate Board are expected to play prominent roles in affairs of the con vention. A number of the Capital realtors are scheduled to address some of the divisions and councils of the association. Two former presidents of the national realtor organization, John L. Weaver of Weaver Bros, and William C. Miller of the well-known home-building firm of W. C. and A. N. Miller, will accompany the local The first two days of the conven tion, Monday and Tuesday, will be given over to meetings of the insti tutes, divisions and councils of the national association. These are groups which specialize in particular phases of the real estate business. The con vention proper will begin Wednesday morning with an address by Walter W. Rose of Orlando, Fla., the presi dent. The convention will be brought to a close on Friday with the annual election of officers and the report of the Resolutions Committee. Group to Attend Session. Among those expected to leave on the special train tonight are: Mr. and Mrs. W. C. Miller. Morris Oafritz, Mr. and Mrs. Wm. M. Throckmorton, Mr. and Mrs. H. E. Doyle, Mr. and Mrs. Charles J. Rush, Mr. and Mrs. H. Clifford Bangs, Mr. and Mrs. Wil liam L. King, J. Wesley Buchanan, Mr. and Mrs. Ben T. Webster, Mr. and Mrs. L. T. Gravatte. John L. (See CONVBNTION, Page C-8.) $582,707 in Building Permits Issued in District During Week Private Construction Here Reaches Highest Level in More Than Month. Private building In the District dur ing the past week reached the high est level in more than a month as the office of Building Inspector John W. Oehmami issued permits for $582. 707 in new building and moderniza tion work to existing structures. The list of projects approved by the building inspector’s office during the week included permits calling for the erection of 41 single-family dwellings and 16 small apartments. A total of 130 permits for all types of construc tion were approved during the period. The largest permit of the week was issued to Eugene H. Phifer, 3814 Twentieth street northeast, for erec tion of a group of nine 2-story apart ments in the 800 and 900 blocks of Quincy street northeast, at a cost of $76,500. D. B. Johannes was named architect for the project. Globe Amusement Co. obtained a permit to erect a theater and stores at 2324 Wisconsin avenue, to cost a total of $75,000. John Eberson is architect for the structure which will be built by the Charles H. Tompkins Co. J. B. Tittey, 419 Oglethorpe street, was granted the right to build a group of nine dweliinga in the 5100 block of New Hampshire avenue, to cost $67, 500. Dillon & Abel were listed as de signers. Manhattan Laundry Co. was issued a permit to erect a $50,000 laundry building at 1326-1328 Florida avenue. ' r= 111 ■ i . More important permits of the week are as follows: Eugene H. Phifer. 3«14 Twentieth street northeast, owner: D. B. Johan nes. jr., architect: to erect nine 2 story brick and frame apartments. 841. 845, 849. 901 to 921 Quincy street northeast: to cost $76,500. Globe Amusement Co., owner; John Eberson, architect: Charles Tompkins Co., builders: to erect one 1 and 2 story brick, steel and concrete theater and stores. 2324 Wisconsin avenue; to cost $75,000. J. B. Tiffey, 419 Oglethorpe street, owner and builder: Dillon & Abel, de signers: to erect nine 2-story brick dwellings. 5116-32 New Hampshire ave nue. to cost $67,500. Eugene H. Phifer, 3814 Twentieth street northeast, owner and builder; D. B. Johannes, Jr., architect; to erect five 2-story brick and frame apart ments. 900-916 Quincy street, to cost $42,600. Capital View Realty Co.. 927 New York avenue, owners and builders; W. Valentine, designer: to erect six 2-story brick and stone dwellings. 5207, 5209, 5213, 5215, 5219, 5221 Blaine street northeast, to cost $30,000. Anton Koerber and Morris Plat (Bee~PERMITS. Page C-10.) FINANCING Byf.HA RECORDIN OCTOBER Total Volume of Business of Two Insuring Units Is $74,000,000.. Home-financing activities of private lending agencies under the Federal Housing Administration program es tablished a new monthly record in October, according to Stewart McDon ald. Federal Housing administrator. Figures for October embracing the three insuring operations of the Hous ing Administration show a total vol ume of business exceeding *74.000.000, a contra-seasonal upswing of business which overshadowed even the optimis tic predictions and which argues against any radical decline in home construction during the Fall and possibly the Winter months. $74,534,124 Total Involved. In October, modernization loans in sured totaled $19,965,941, mortgage* accepted for insurance amounted to *48373,183 and large-scale housing commitments totaled (5.895.000. The total involved—all In private capital amounts to (74.534,124, or slightly more than a million dollars over the (See FIN ANCINQ, Page~C>6.) RECOVERY OF REALTY IS SEEN IN FIGURES Amount of Money Put Into Mort gage* Show* 26 Pet. Gain Over September, 1935. A clear example of the steady trend toward recovery In real estate is seen by the fact, declares Herbert U. Nel son. secretary of the National Asso ciation of Real Estate Boards, that the amount of money placed in real es tate mortgages was 3* j per cent higher 1 in September than in the previous months, representing, at the same time. 26 per cent more than the total - for September one year ago. This. I j he holds, indicates not only a sign of \ well-being in the outlook for real estate but a substantial index of long- j term stabilization for every kind of i business. “The upward trend in mortgage ' financing has been in progress for only about 18 months.” said Nelson. “The low mark of the depression was passed in 1933, but it took until the middle of 1935 to achieve mortgage adjust 1 ment and clear the way for new mort gage enterprise. The volume of new money coming into real estate invest ment. however. Is still only 36.9 per cent of the 1926 amount. . TAKES C. C. C. POST It was announced today that Capt. Irving E. Tier, who has been con nected with the sales force of Cooley Bros., builders, for several years, has resigned to accept an appointment as head of the medical supplies depot | of the C. C. C. at New Cumberland, Pa. Capt. Tier is a member of the Re serve Officers' Training Corps. He has been actively engaged In the real estate business here for more than 10 years. SILVER STAR HOMEI IN SECOND WEEK1 OF MY EXHIBIT — ( Low-Cost Structure Found to Possess Features of Expensive Houses. DESIGN AND BUILDING MEET HIGH STANDARD Interior Decoration of Living Boom Includes Use of Green Satin Drapes of Brocade. The Sixth Silver Star Home of the year, the attractive Colonial row-type dwelling at 4112 Tenth street north east. tomorrow will enter the second week of Its exhibition period. It will be open to the public for 30 days. Though the opening last Sunday was somewhat marred by rain, a siz able crowd inspected the new home. Those who went through it were open In their'praise of its attractiveness and finish. The house, though priced within the low-cost range, possesses many features in construction and equipment usually found only In ex pensive detached dwellings. Built by Malcolm Matheson, Jr., Inc. (See SILVER. START Page C-7.) An Unfinished House Allows You to Make Desired Changes When a heme ia in the process of construction, it Is always easier to ebange a doorway, or porch, or window than after the building is completed. Drive Out and See The New Homes We . Are Building on MIDDLETON LANE Bethesda, Md. Six have already been sold, two before completion. One is open for inspection so yoo can get an Idea , of the finished Job. Some are now up to the second floors. All of them are being equipped with the famous BRYANT Air-Conditioning systems, and are the first low-priced homes to be so equipped. Where else can yon find air-conditioned homes sell ing for as low as $8,950 to $10,250 fmootan 1 A dualiflod architect If on the premises to advise yon and help plan changes yea may want to make. To reaeh, drive straight oat Wis consin Avenue, through Bethesda. one block past the bank, to MMdle tes Lane; tarn right to homes. Open daily antil • P.M. Paul T. Stone, Inc. 927 15th St. N.W. NAtl. 0856 Aest (fence Mono Cfeve. T099 I 4404 Brondywine Street N.W. Only $8,450 All brick, slate roof, lot 50x140, detached brick garage to match house on paved alley. OPEN DAILY AND SUNDAY GOSS REALTY CO. . J. 8. EATON. Sales 1405 Etc St. N.W. NA. 1353 6600 Wit. Are,. Bet lies. Hr.. WI. 3553 uwn a “Care-Free” Cettage OVERBROOK $3,995 Low Monthly Payment$ Under F. H. A. Plan Furnished Exhibit Home 7777 Wisconsin Are. • The Newbold Development Co. Wise. 5769 JuUXMANOR Garden Home Sites HaK Aera $650 Up One-Fonrth Cash, Balance in 12 Easy Payments Weekly Bas Peis. SI.5* DIRECTIONS—Drive out Wiiconlin Avenue to Bethesda. take road on left 0/ Bank ot Bethesda (old Qeorqetown road) till you come to Luxmanor o/ llce. Revresentative on vremises. [Shannon aluchS] ISOS H St. N.W. National *348 Overlooking Chevy Chase Golf Course 313 West Bradley Lana Four bed rooms, bath, large living room with stone fireplace, dining room, kitchen and pantry, large front porch, 2-car garage; hot water heat, gas-fired furnace, O. E. refrigeration; lot 55x155 feet. This home has been completely redecorated. Beautiful shade trees. Price, $12,500 Open for inspection Sunday, IS a.m. to S p.m., or Inspection by ap pointment during the week. , To Inspect: Out Conn. Ate. to Bradley Lane, turn left on Bradley Lane, ilk blocks to property. R. BATES WARREN 1108 16th St. NA. 9452 M Specially good buy | •• *7,650 = A brick Colonial homo in per = feet condition—like new through* = out—and in one of the best loco* = tions—on the high point in Pet = worth only two squares from = Sherman Circle. ■ 5003 7th St. N.W. = 6 large rooms, tile bath, in = closed sleeping and braakfast = porches, covered front porch, new == Oxford cabinets in kitchen, do* = tached garage. HI you can make easy termt. == Open every day and evening until 9 P.M. 1 CAFRITZ i BARGAIN BARGAIN 4000 Chesapeake St. Do Lax* kitchen Electric refrigera tion Xev-MIM condi tion Eatr term.. Located near Witc Ave. and River Rd.. overlooking Wilton High School. Open Daily 1 to 9 P.M. Semi-detached inside house at $6,250 INSPECT NOW! This New All-Stone Bungalow That le Charmingly Different $7,950 Random-width oak floors, built-in bookcases, open fireplace, model kitchen, full basement. paved street. 2 large bed rooms with ad ditional space on second floor. 208 Lincoln Street Huntington Terrace Bethesda, Md. So reach: Thru Btthenta. on Old torqetown road, to Lincoln afreet. Turn left two blocki to property. Edw. H. Jones & Co., Inc. S520 Conn. Ave. CL. 2300 FIRST SHOWING | McKinley Arenne at Shepherd Street A home of unequalled value on a lot 60x160 feet. Large shade trees on beautiful ■ landscaped lot. Eight nice rooms — Chestnut trimming. Large closet space and several special features. $7,950 Near schools and a half block to 10th A E Sts. bus. 1 Open every evening to n P.M. To reach: Drive out Rhode /stand Avenue to HvatteviUe Armory, turn left to Oakwood Road to second stop sian. rteht l one block to Shepherd, left on Shepherd to home. Ballt by James H. Cannen. Gauthier Realty Co. Greenwood 1354 ' '""'I I A TOWN HOLSeI IN CHEVY CHASE—WITH A i BEAUTIFUL GARDEN High Elevation, Overlooking Rock Creek Park 6429 31st PI. N.W. I -- »* - KILMAROCK A close-in restricted subdivision of I fine houses in a beautiful wooded II section of Takoma Park, Md. 102 Anne St. I Completely Furnished by Hutchison, Inc. |j( 6 Rooms—2 Baths Very Moderately Priced Coffey and Mason Owners and Builders Te Reach out nth st. and continue i on Pinev Branch Bd. to Cedar St.. I right on Ce- I; dar to Carrot! Ave.: continue on W Carroll Ate. to Kilmarock tignt on II , left, two blocks from sanitarium. H! OPEN DAILY AND SUNDAY p 201 Investment Bid*. I _ JIIO.I . . You’ll marvel at this 7-room bourn of beau tiful Georgian colonial design. There are 4 large bedrooms and 2 baths. The library *•«•*•* or music room has beautiful paneled walls £®*"- ^ of walnut, built-in bookcases end fireplace. jf-aKS- to Maid's room and lavatory in basement: 2 nM. mt m VUh 1 open oorches. a-car built-in garage. Com- tojj.t >r. rttht os niete oil-burning unit, copper pipes nit. n. te »rop throughout. Well constructed with the «rfy. best materials. Moderately priced. Con venient terms. 3mpon 9wdn«dm Co. CL. 4432 CL. 43*4 4 30,000 Sq. Ft. Of Beautiful Lawn * Surround This Sew $6,950 Home IS minutes from downtown Washington. this charming house is ALL-BRICK with built in garage and all city conveni ences. A small cash payment S and balance like rent brings this perfect combination of a fine home and plenty of ground well within your means. li built—13 sold 2300 N\ NOTTINGHAM ST.. Arlinrton County, V*. Open All Day. To Reach Out Lee Highway to SHOO block, past R. E. Lee School to our sign. A. S. GARDINER, A New "Home Beautiful" In j HICHWOOD Chevy Chase, D. C. ... a lovely community of Mikkelson-built homes. 3344 Meeting the highest standards of I D J kl U/ Mik kelson structural specifications, Kunnymeae N.W. this spacious, beautifully finished -. home is one of the most appealing in this delightful section. 4 bed rooms, lii 2 baths, second-floor library with open f fireplace. General Electric designed and equipped kitchen with new all i From Chevy Chase Circle metal cabinets. Screened porch. turn right on Western Ave. Furred walls and copper water pipes. 3 squares to Jtunnymede, Beautifully landscaped lot. ij turn right to property. OPEN DAILY AND SUNDAY owwmw G. F. MIKKELSON & SON builders ij! p MILTON F. SCHWAB, Soles Curtis Millwork and Lumber by W. T. Galliher & Bro. T-1.i V ' ■ s i .. m— ... j For Sale PARK AVENUE HOME $6,750, Easy Terms A REAL BARGAIN in a very attractive Bungalow home. No. 218 Park Avenue, Takoma Park, Md. 6 rooms and bath, hat-water heat, open fireplace, Frigidoire, screened and weather-stripped. Dry, light cellar, built-in garage. Large lot, shrubs, large oak trees, beautifully land scaped. High elevation. Conveniently located to transporta tion, shopping, etc. Modern conveniences. Open Sunday DIRECTIONS—Drive through Cedar Street subway to Carroll Avenue, left on Carroll to Park Avenue, half Nock to house. H. L. THORNTON, Owner 6900 4th Street Takoma Park, D. C. Office, 61. 2291 Home, GE. 2811 JUST COMPLETED A NEW GROUP OF 11 ALL-BRICK HOMES Built by MONROE WARREN 3530 to 3550 W PLACE N.W. FURNISHED EXHIBIT HOME 3548 W PLACE N.W. PRICED AT (*§SM8,450up Vfefljlte/ ' tgj OPlEN DAILY AND SUNDAY To Reach: Out Wisconsin Avenue to W Place, west one block to houses. Phone EARLE M. DAWSON, Soles, Emerson 5744 --f-«-1