ALEXANDRIA, Va.--(BUSINESS WIRE)--Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the commencement of construction on a 133-unit luxury senior living project in the Old Town West neighborhood of Alexandria, Virginia.
The multimillion-dollar development will feature a six-story building with underground parking, studio, 1- and 2-bedroom living options, and high-end amenities such as a 4,550-square-foot restaurant, 24-hour fitness center, club lounge, business center and media room. The project’s outdoor amenities will provide inviting spaces for residents and their families, including a community garden and gazebo. Bonaventure expects to complete construction and begin welcoming renters in late 2023.
“Our housing portfolio may span multiple demographics, but our Bonaventure standard of excellence is the same – every property is purposely designed with excellence and the needs of the community in mind,” said Dwight Dunton, founder and CEO of Bonaventure. “The future residents of this community will enjoy top-of-the-line and have unparalleled access to the best of Alexandria, helping to create a highly attractive destination that appeals to our target demographic.”
The luxury multifamily community is situated centrally in the Old Town West neighborhood and is transit-oriented. It is less than 0.3 miles from the Braddock Road Metro Station, 1.5 miles to Interstate 495, and less than three miles from Reagan National Airport. Future residents will also enjoy the property’s close proximity (less than 0.3 miles) to King Street, which features a variety of dining and retail options.
Since its inception in 1999, Bonaventure has established itself as one of the most prolific multifamily developers and operators in the Mid-Atlantic region, and is currently expanding throughout the Southeast. Its portfolio includes a mix of affordable, luxury and senior living communities.
Headquartered in Alexandria, Virginia Bonaventure is an integrated alternative asset management firm specializing in multifamily design, development, construction, investment and property management. Bonaventure has over $1.5 billion of assets under management, is an expert at utilizing low-cost financing, and manages over 6,000 apartment units across 31 communities primarily in the Mid-Atlantic and Southeastern regions. Since its founding in 1999 by Dwight Dunton, with the intent to create best-in-class capabilities connecting capital to assets, the focus of the firm has been to generate excess returns on a risk adjusted basis while building enduring value through ingenuity. To learn more, visit www.bonaventure.com.