Writing to his friend, the Secretary of War, Henry Knox, in January 1785, he says, "... Rents have got to such an amazing height in Alexandria, that (having an unimproved lot or two there) I have thoughts, if my finances will support me in the measure, of building a House, or Houses thereon for the purpose of letting."[171] Later in that same year he confides to Knox that his finances were not equal to undertaking the projected building in Alexandria.

Ten years later the lot was still unimproved, when Halley, who owned abutting property, was desirous of acquiring ten feet of Washington's land for an alley. The deal did not go through and a year later William Summers offered the owner three thousand dollars for the lot in question, which was declined. President Washington wrote Tobias Lear, his secretary, under date of March 21:

I have no wish to part with the lot unless I can do it upon advantageous terms, and can dispose of the Money in a more productive manner. I had thoughts of building on it, but this would be attended with trouble, and perhaps a good deal of impositions; as it could not be properly attended to in the execution of the work. And besides workmens wages and materials are very high at this time.[172]

Shades of a later postwar era!

By June 1797, Washington had determined upon the subdivision as a solution. This was time-honored practice locally. To John Fitzgerald, on June 12 he wrote, "If you have had leizure to examine my unimproved lot in Alexa, more attentively, and have digested any plan in your own mind for an advantageous division of it, I would thank you for the result, as I wish to fix on a Plan." A plot plan, docketed by Washington "my vacant lot in Alex" has been found among his papers preserved in the Library of Congress,[173] and is worthy of reproduction. That this plan was carried out almost to the letter is revealed by the text of an advertisement prepared in July to be set up in the gazettes:

The Subscriber having resolved to lay off the half acre lot which he holds in the town of Alexandria (bounded by Prince and Pitt Streets) into convenient building squares, gives this public notice thereof; and of his intention to lease them forever, on ground Rent. Five and a half feet extending from Prince Street, will be added to the alley already left by Mr. Rickets, across to Mr. Halleys lot; and another Alley of ten feet will be laid out about midway the lot from Pitt Street until it intersect the former Alley. All the lots on Prince Street will extend back to this Alley, and be about 83 or 4 feet in depth. And the lots North thereof will extend from Pitt Street to the first mentioned Alley, and be four in number of equal front (about 21 feet each). The other lot will have a breadth of 26 feet on Prince Street and about 83 or 4 on Pitt Street, or may be divided into [illegible] remaining front on the former street will be divided into [illegible] lotts, equal in size and abt. 24 or 5 feet front each. If any persons should be inclined to make offers for the lots here described, or any of them, Mr. Jas. Anderson (my manager) will receive the same [illegible] shortly, the lotts will be exposed at public sale, of which notice will be given.[174]

The following September, writing to James Harrison, he said, "The Ground Rent of the lot I have offered to Lease, in Alexandria, is three dollars a foot, for what it measures on each Street. This I must obtain as an annual Rent or the lot will not be disposed of in that way."[175]

Washington died on December 14, 1799, and his will, written July 9, 1799, was probated January 20, 1800. In an annexed schedule of property which he directed be sold (some conditionally disposed of) with explanatory notes relative thereto appears this entry:

Alexandria

Corner of Pitt & Prince Stts. half an Acre—laid out into build[in]gs 3 or 4 of wch. are let on grd. Rent at $3 pr. foot. 4,000(t)[176]