WASHINGTON, DC - Following completion of a $10 million renovation, New York City-based Aria Development Group has leased 90 percent of the 83 elegant, fully renovated rental apartments at The Bond, located in Washington, DC’s prestigious West End neighborhood. Most new residents have moved in. To celebrate stabilization of the project, Aria held a memorable ribbon-cutting reception for local VIPs, media, and residents, and announced a $5,000 donation to Martha’s Table.
“The Bond, Washington’s newest residential project in the West End / Dupont submarket, has leased up in just a few short months since we completed our full-scale renovation,” said Joshua Benaim, Aria’s Managing Principal. “Without exception, people have loved the property, with many apartment hunters reporting that it’s their ‘favorite building in DC.’ As developers, this is something we love to hear.”
Aria acquired the building at 1230 New Hampshire Ave., NW from the International Monetary Fund last year and invested $10 million in renovations. IMF had used the building for corporate housing.
K. David Meit, CPM®, President and CEO of Oculus Realty, which is leasing and managing The Bond, added: “We are thrilled with the market’s response to date. Leasing pace has exceeded our expectations due to the community’s combination of a central location, old world charm, and cutting-edge technology. The Oculus leasing and management team have made The Bond a warm and inviting home. A state-of-the-art fitness center, full-service concierge, free wi-fi, and A convenient car share program featuring a Fiat® 500 are just a few of the great amenities enjoyed by our new residents."
The Bond is ideally situated between Dupont Circle, Washington Circle, Georgetown, and the downtown Golden Triangle. It is the first new rental apartment building to deliver in the Dupont Circle / West End neighborhood since Boston Properties’ highly successful Residences on The Avenue.
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.
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®). For more information, please contact the firm's president K. David Meit, CPM® at (301) 563-9021 x101 or email him at [email protected].