Monument Realty, along with investment partners, is proud to reveal its newest residential development, SoNYa.
May 2, 2023 (Washington, D.C.) – Monument Realty, one of the most prolific and respected integrated real estate services companies, along with investment partners JRE Partners and Ghitis Property Company, is proud to reveal its newest residential development, SoNYa. The name SoNYa pays homage to the South of New York Avenue district, in the NoMa submarket of Washington D.C.
SoNYa is the newest apartment community to hit the NoMa neighborhood, bounded by First Street NE and Capital Street NE on 40 Patterson Street. Developed by Monument Realty, and designed by KGD Architecture with interiors by Hartman Design Group, the 14-story apartment building offers 321 apartments and over 16,000 SF of amenity space, including a rooftop pool, social club and entertainment spaces, hospitality bars, and fitness center.
Curated for a unique city living experience, SoNYa is bold, eclectic and savvy on the outside, while calm, quiet and soothing inside each apartment. The design employs an ambitious blend of color and patterns for an age-neutral spirit. It is a reflection of the vibrant culture, “to bring that connection to the neighborhood on the exterior, which is usually on the inside of a building,” says Michael Darby, Monument Realty’s Founder.
“We wanted to develop something special for this community, in this neighborhood, in this city,” continues Darby. “When you are walking on the streets, and you look up, the vibrant, colorful building elevates your mood. The closer you get to the building, the more you can appreciate the spirit it brings to the area.”
SoNYa is designed to inspire discovery and energize the senses. The entire building, inside and out, is infused with art, selected to represent the community and participate in the neighborhood’s art landscape. The artwork is inspired by “urban graffiti” with strong patterns, pops of color, collage style art and unique D.C. landmarks. Monument Realty provided the wall space for muralists during the 2022 D.C. Walls Festival and is pleased to have participated in the program. The outdoor mural depicts a Ukrainian refugee woman in blue with four arms wrapping around herself. The artist, Emmanuel Jarus, felt the composition was right for this setting, “since her story is inspiring and she could be a resident of SoNYa.”
Inside, the lobby provides a vibrant entry to those looking for an elevated, but approachable aesthetic. Using clean lines, a colorful palette and D.C. authentic, mixed-media artwork, the space is already a favorite among residents. The signature colors connote energy and health, with the orange tone evoking well-being in alignment with turmeric, and the custom Sherwin Williams shade of yellow for the space is aptly named “Va Va Voom.”
“At the heart of the South of New York Avenue neighborhood is our innovative residential community SoNYa,” Darby added, “a visually stunning property whose apartment homes, community spaces and design aesthetic evoke a creative spirit, while the apartment interiors provide a comfortable place to recharge.”
SoNYa’s modern amenities include resident-only electric scooters, a fitness center with yoga/cycle studios, private co-working spaces, a penthouse sports bar, an indoor/outdoor rooftop lounge, a pet spa, a pool with sundeck, and a lobby hospitality bar. The property’s rooftop lounge is distinctive to the Washington market, as it possesses a retractable roof and heaters to extend the amount of time spent outdoors year-round, complete with amazing sunset views.
As with other Monument Realty apartment buildings in the D.C. region, SoNYa is environmentally friendly, designed to LEED Silver certification and boasting multiple electric car-charging stations, more consistent with Microclimate habitats.
SoNYa offers studios, one-bedroom, two-bedroom with den, and three-bedroom apartment residences. Apartment units within SoNYa feature stainless-steel appliances, quartz countertops, luxury vinyl flooring, private terraces/patios in select units, open floor plans, and two interior finish palettes from which to choose.
About Monument Realty | Monument Realty | Fully Integrated Real Estate Development
Monument Realty is a fully integrated real estate company dedicated to delivering the best financial returns, services, and products for our investment partners, clients, and customers. Drawing from a wealth of experience across multiple disciplines, we offer a creative approach to a diverse mix of real estate projects throughout the highly competitive Washington, D.C. market. As a best-in-class real estate developer and owner for 24 years, our approach has been defined as bold, innovative, and smart.
Monument Realty is developing a number of residential properties in Washington D.C. With the SoNYa community and future developments, we are creating an exciting and vibrant way of living, including the adjacent NoMa property at 2 Patterson Street NE in predevelopment, and multiple properties in Arlington and Southern Maryland. In a predevelopment property in Chinatown, Monument Realty has assembled currently underutilized land to create a masterplan community with 221 units, retail and amenities, while maintaining historical and authentic neighborhood features. The visionary assemblage and creativity to build new residences, while maintaining the historical elements, is an engineering feat that few developers would undertake.
About the SoNYa/NoMa District | NoMa BID
SoNYa with its name pays homage to the South of New York Avenue district, a buzzing epicenter where residents and visitors alike can experience luxury living, trendy restaurants, hip beer gardens, eye-catching public art and local artisans. South of New York Avenue is an exclusive location and lifestyle destination in the highly desirable NoMa submarket, bordering North Capitol St NE and 1st St. NE, just South of NY Avenue.
NoMa is the smart center of our nation’s capital, with free outdoor WiFi, terrific walkability, a slew of transit options, and a lengthy stretch of the Metropolitan Branch Trail. This growing D.C. submarket boasts a highly educated workforce, strong average household income levels, and nearly 11,000 total apartment units. Restaurants abound in surrounding blocks and the nearby Union Market, as well as convenient access to a Harris Teeter grocery store and a CVS Pharmacy for everyday needs.
About our capital partner JRE | JRE Partners® (jre-partners.com)
JRE is Monument Realty’s investment partner in the SoNYa residential development. Based in New York City, JRE Partners is a privately owned and operated real estate investment management business with expertise in real estate acquisition, development/redevelopment, financing, operations, marketing, and capital markets. Formed in 2022, JRE Partners is the successor operating business to Junius Real Estate Partners, a direct real estate investment division established within J.P. Morgan in 2011. JRE Partners originates and manages direct investments in U.S. commercial and residential real estate through managed investment funds on behalf of a global investor base.