WASHINGTON, D.C.- Following a $10 million renovation by its new owner, Aria Development Group of New York City, The Bond in Washington, DC’s sought-after West End neighborhood now has 83 elegant and contemporary apartments available for rent.
Located at 1230 New Hampshire Avenue, NW, The Bond is ideally situated between Dupont Circle, Washington Circle, Georgetown, and the downtown Golden Triangle. It is the first new apartment building to deliver in the Dupont Circle/West End neighborhood since Boston Properties’ highly successful Residences on The Avenue.
Monthly rental rates at The Bond begin at $1,900. Aria acquired The Bond in early 2012 from the International Monetary Fund (IMF), which had used the building for corporate housing; The IMF has since renovated the building next door at 1250 New Hampshire Avenue for this purpose. Aria developed The Bond in partnership with Manocherian Brothers of New York, a family firm with a 60-year track record as owner/manager of residential apartments in Manhattan.
Construction financing for The Bond was provided by J.P. Morgan. Following the acquisition, Aria undertook a year-long gut renovation under the guidance of award-winning Washington, DC firm Bonstra Haresign Architects, known for their transformations of the Studio Theater, Woodley Wardman condominium, and many other projects. Monarc Construction, which built the House of Sweden and other embassies in the nation’s capital, was the general contractor.
Oculus Realty, LLC of Gaithersburg, MD is providing exclusive leasing and management services. The Bond’s renovation has resulted in brand-new interiors for 83 distinctive studio, one-bedroom and two-bedroom apartments, featuring European kitchens designed by Deborah Kalkstein of Contemporaria in Georgetown, three-inch natural white oak floors, Bosch washer- dryers, and all-new systems including an advanced video intercom.
The Bond is the first apartment community in the city to offer energy-saving Nest programmable thermostats, which “learn” occupants’ behavior and can be controlled remotely by iPhone or Android smartphones. The building’s gracious prewar exterior will soon be adorned with a grand historic cast iron canopy built by Fingles Metalworks of Baltimore with ornaments cast by Historical Arts and Castings, the firm that designed canopies for New York City’s Saks Fifth Avenue flagship store and other landmark structures.
Award-winning landscape architecture firm Fritz & Gignoux has designed a vibrant English garden in the building’s front yard and an intimate courtyard with private gardens, further enhancing The Bond’s appeal. As renovation got underway, the development team donated finishes, fixtures, and appliances from the original building to a number of Washington, DC charitable organizations including Community Forklift, Champlain Court Cooperative, Latin American Youth Center LAYC-DC, and Sarah's Circle.
The Bond is the largest of several Washington, DC investments to date by Aria Development Group, which has also developed the ultra-luxury oceanfront condominium 321 Ocean in Miami’s South Beach, along with luxury mixed-use projects in New York City’s SoHo and West Village.
“We fell in love with Washington’s beautiful historic buildings and neighborhoods, and decided that we wanted to participate in the renaissance of these delightful streetscapes,” said Aria Managing Principal Joshua Benaim. “We were attracted to The Bond’s irreplaceable location just a few blocks from Dupont Circle, surrounded by top-rated restaurants, boutiques, embassies, and international institutions.”
“We are privileged to offer a solution to the classic dilemma – whether to live in an older historic property with charm and a great location, or in a newly constructed tower further afield,” Benaim added. “With The Bond, residents can enjoy the best of both worlds – a stunning, brand-new apartment interior with old-world ambiance in an eminently convenient location.”
For leasing information, please call (202) 808-9680 or visit the website at www.TheBondDC.com.
Aria Development Group is a real estate development and investment firm with properties in New York City, Washington, DC and Miami. Aria was founded in 2009 to marry classic value investment strategy with the real estate values of location, scarcity, and beauty. The company is focused on acquiring premier multifamily and mixed-use properties or sites in great neighborhoods and helping them reach their full potential. Oculus Realty, LLC provides property management and advisory services to private real estate investors in the Washington, DC metropolitan area. The firm specializes in the investment and management of boutique apartment communities and small retail centers. Oculus is a licensed real estate broker in Maryland and the District of Columbia and an Accredited Management Organization (AMO®) through the Institute of Real Estate Management. For more information, please contact the firm's president K. David Meit, CPM® at 301/563-9021 x101 or email him at [email protected]