83 Luxury Apartments on the Market in DC’s West End
By Adrian Maties, Associate Editor
Washington, D.C.’s apartment market has just gained 83 high-end apartments. The rental units are part of The Bond, a newly renovated complex located at 1230 New Hampshire Ave. in D.C.’s sought-after West End neighborhood. Monthly rental rates start at $1,900.
Aria Development Group, a real estate development and investment firm, invested $10 million to renovate The Bond. The New York-based company paid $22 million to buy the property from the International Monetary Fund in early 2012. The IMD had used it for corporate housing.
Aria worked on the renovation project together with D.C. firm Bonstra Haresign Architects and Monarc Construction. It has retained Oculus Realty L.L.C. of Gaithersburg to market the units. The developers donated finishes, fixtures and appliances from the original building to a number of charitable organizations, such as Community Forklift, Champlain Court Cooperative, Latin American Youth Center LAYC-DC and Sarah’s Circle.
The Bond is the first new apartment building to deliver in the Dupont Circle/West End neighborhood in two years. The units include studio, one- and two-bedroom apartments featuring European kitchens designed by Contemporaria’s Deborah Kalkstein, three-inch natural white oak floors, Bosch washer-dryers, advanced video intercoms and energy-saving Nest thermostats, which can be controlled by smartphones.
Aria hired award-winning landscape architecture firm Fritz & Gignoux to design an English garden in the building’s front yard as well as an intimate courtyard with private gardens. Baltimore’s Fingles Metalworks constructed a historic cast-iron canopy for the building’s main entrance, incorporating ornaments cast by Historical Arts and Castings.
“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. Located between Dupont Circle, Washington Circle, Georgetown and the downtown Golden Triangle, The Bond is the largest of several Washington, D.C., investments to date by Aria Development Group.
“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 farther 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.”
Photo courtesy of LHB Communications Inc.
Click here for more market data on Washington, D.C.Tags: Acquisitions/Dispositions, Apartments, Aria Development Group, Bonstra Haresign Architects, Brokers, Champlain Court Cooperative, Developers, Development, economy, Latin American Youth Center LAYC-DC, leasing, Local, luxury, Monarc Construction, multi-family, National, Oculus Realty, ommunity Forklift, Regional, residential real estate, Sarah's Circle, The Bond, Washington D.C., Washington D.C. Lead Story, Washington DC