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. 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: “Leasing pace has exceeded our expectations due to the community’s combination of a central location, old world charm, and cutting-edge technology. 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."