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Quarterra Multifamily and QuadReal Announce Start of Leasing at The Piper Apartments

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Quarterra Multifamily, a Lennar subsidiary, has begun leasing at The Piper, a luxury rental community in Redmond, Washington. Developed in partnership with QuadReal Property Group, The Piper offers 284 homes ranging from 475 sq ft studios to 1,400 sq ft three-bedroom units. The community features market-leading amenities and is located near the 640-acre Marymoor Park.

The Piper is part of three joint ventures between Quarterra and QuadReal in the region. It's situated close to the future Southeast Redmond Light Rail Station and major tech employers. As part of the MFTE/AARCH program, 10% of homes are offered at 50% area median income. This marks Quarterra's eleventh development in the Seattle Metro Area.

Quarterra Multifamily, una filiale di Lennar, ha avviato l'affitto presso The Piper, una comunità residenziale di lusso a Redmond, Washington. Sviluppata in collaborazione con QuadReal Property Group, The Piper offre 284 abitazioni che variamo da monolocali di 475 piedi quadrati a appartamenti con tre camere da letto di 1.400 piedi quadrati. La comunità vanta servizi di alta qualità ed è situata vicino al Marymoor Park di 640 acri.

The Piper fa parte di tre joint venture tra Quarterra e QuadReal nella regione. Si trova vicino alla futura stazione della metropolitana leggera Southeast Redmond e ai principali datori di lavoro nel settore tecnologico. Nell'ambito del programma MFTE/AARCH, il 10% delle abitazioni è offerto a un prezzo pari al 50% del reddito mediano dell'area. Questo segna lo undicesimo sviluppo di Quarterra nell'Area Metropolitana di Seattle.

Quarterra Multifamily, una subsidiaria de Lennar, ha comenzado a arrendar en The Piper, una comunidad de alquiler de lujo en Redmond, Washington. Desarrollado en asociación con QuadReal Property Group, The Piper ofrece 284 hogares que varían desde estudios de 475 pies cuadrados hasta unidades de tres habitaciones de 1,400 pies cuadrados. La comunidad cuenta con amenidades de primer nivel y está ubicada cerca del parque Marymoor de 640 acres.

The Piper es parte de tres asociaciones conjuntas entre Quarterra y QuadReal en la región. Está situada cerca de la futura estación de tren ligero Southeast Redmond y de importantes empleadores tecnológicos. Como parte del programa MFTE/AARCH, el 10% de las viviendas se ofrece a un 50% del ingreso medio del área. Esto marca el undécimo desarrollo de Quarterra en el Área Metropolitana de Seattle.

Quarterra Multifamily는 Lennar의 자회사로서, 워싱턴주 레드몬드에 있는 고급 임대 커뮤니티 The Piper의 임대를 시작했습니다. QuadReal Property Group과의 파트너십으로 개발된 The Piper는 475 제곱피트 스튜디오부터 1,400 제곱피트 3베드룸 유닛까지 284채의 주택을 제공합니다. 이 커뮤니티는 업계 최고의 편의시설를 갖추고 있으며, 640 에이커 규모의 메리무어 공원 근처에 위치하고 있습니다.

The Piper는 Quarterra와 QuadReal 간의 지역 내 3개의 공동 사업 중 하나입니다. 이곳은 향후 Southeast Redmond 경전철역과 주요 기술 고용주 근처에 위치하고 있습니다. MFTE/AARCH 프로그램의 일환으로, 주택의 10%는 지역 중간 소득의 50%로 제공됩니다. 이는 시애틀 메트로 지역 내 Quarterra의 열한 번째 개발을 의미합니다.

Quarterra Multifamily, une filiale de Lennar, a commencé à louer dans The Piper, une communauté de location de luxe à Redmond, Washington. Développé en partenariat avec QuadReal Property Group, The Piper propose 284 logements allant de studios de 475 pieds carrés à des unités de trois chambres de 1 400 pieds carrés. La communauté offre des services de premier plan et est située près du parc Marymoor de 640 acres.

The Piper fait partie de trois coentreprises entre Quarterra et QuadReal dans la région. Il est situé près de la future station de métro léger Southeast Redmond et d'importants employeurs du secteur technologique. Dans le cadre du programme MFTE/AARCH, 10 % des logements sont proposés à 50 % du revenu médian de la région. Cela marque le onzième développement de Quarterra dans la région métropolitaine de Seattle.

Quarterra Multifamily, eine Tochtergesellschaft von Lennar, hat mit der Vermietung von The Piper, einer luxuriösen Wohnanlage in Redmond, Washington, begonnen. In Zusammenarbeit mit der QuadReal Property Group entwickelt, bietet The Piper 284 Wohnungen, die von 475 Quadratfuß großen Studios bis hin zu 1.400 Quadratfuß großen Drei-Zimmer-Wohnungen reichen. Die Gemeinschaft verfügt über führende Annehmlichkeiten und liegt in der Nähe des 640 Acres großen Marymoor Parks.

The Piper ist Teil von drei Joint Ventures zwischen Quarterra und QuadReal in der Region. Es befindet sich in der Nähe der zukünftigen Southeast Redmond Light Rail Station und wichtiger Technologiearbeitgeber. Im Rahmen des MFTE/AARCH-Programms werden 10 % der Wohnungen zu 50 % des medianen Einkommens der Gegend angeboten. Dies ist die elfte Entwicklung von Quarterra im Seattle Metro Area.

Positive
  • Partnership with QuadReal Property Group enhances development capabilities
  • Prime location near future Southeast Redmond Light Rail Station and major tech employers
  • Diverse unit mix catering to various resident needs
  • Participation in MFTE/AARCH program offering 10% of homes at 50% AMI
  • Expanding presence in Seattle Metro Area with eleventh development
Negative
  • None.

Redmond, Wash. community features 284 luxury homes in Marymoor Village

REDMOND, Wash., Sept. 18, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced the start of leasing at The Piper. Developed in partnership with QuadReal Property Group ("QuadReal"), a global real estate investment, operating and development company, The Piper is a luxury rental community located along Marymoor Park in Redmond, Washington.

The Piper's 284 thoughtfully designed homes offer a distinguished living experience for established professionals seeking an active lifestyle in the heart of the rapidly developing Marymoor Village. Residents can choose from three unique design styles, and the apartment mix includes one-, two- and three-bedroom homes, ranging from 475 square foot studios to family sized three-bedroom homes with 1,400 square feet of living space.

A market-leading suite of amenities including a pool and spa, kids play areas and co-working spaces cascade into the 640-acre Marymoor Park, a regional outdoor epicenter home to a summer concert series, a robust trail system, various sports facilities, a premier 40-acre dog park and climbing wall. 

"The Piper is designed to appeal to residents seeking the space to spread out and explore while still living within a vibrant neighborhood," said Brad Reisinger, Quarterra Regional President. "With immediate access to transit, retail and recreation, and open-air amenities to meet a variety of interests, The Piper presents a dynamic living experience for our future residents."

The Piper is one of three joint ventures between Quarterra and QuadReal in the region including Spectra, also in Marymoor Village, and Ovation in Seattle's First Hill neighborhood. 

"Working alongside strong partners is an important part of QuadReal's global strategy and with Quarterra we will deliver an exceptionally amenitized and well-located apartment community," said Jameson Weber, Managing Director, Head of Americas, at QuadReal. "The Piper is a high-quality addition to QuadReal's robust global residential portfolio and elevates the rental housing options in the community for individuals and area families." 

The Piper's two five-story mid-rise buildings are separated by a linear pedestrian art walk pathway designed through its participation in the City of Redmond's art program. Lined with murals and sculptures, the pathway features work from more than 10 different artists. The community also features an artist in residence program offering studio space to local artists.

Situated at 17305 NE 67th Ct. in Redmond, the community is just blocks from the future Southeast Redmond Light Rail Station and within a short drive of key thoroughfares, including Redmond Way, State Route 520 and East Lake Sammamish Parkway, allowing direct access to Bellevue, Seattle, Sammamish, Issaquah and Kirkland. The transit access links The Piper to the region's primary tech sector employers such as Microsoft, Facebook/Oculus, Amazon, Google, Space X, Nintendo and SmartSheet. The Piper is just a few minutes from downtown Redmond, the Microsoft campus and Downtown Bellevue. Residents also enjoy walkability to Whole Foods Market and easy access, via the Lake Sammamish trail, to Redmond Town Center – a mixed-use shopping and entertainment development with more than 110 shops, restaurants and breweries.

As a MFTE/AARCH program participant, The Piper offers 10% of its homes at 50% area median income (AMI).

The Piper is Quarterra's eleventh development in the Seattle Metro Area. It joins nine completed communities in Atlas, Axle, The Bower, Ovation, Spectra, Twenty20 Mad, Valdok I & II, and The Whittaker, as well as Tavin in Seattle's Crown Hill, which is currently under construction.

To learn more about The Piper please visit: https://thepiperapts.com/ 

About Quarterra Multifamily

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B), is a multi-strategy, real estate focused, alternative asset management company comprising three rapidly growing verticals: Multifamily, Single-Family Rental, and Land. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council's (NMHC) annual Top 50 list for nine consecutive years.

Quarterra creates extraordinary communities where people can live remarkably.
www.Quarterra.com

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $77.6 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. 

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here. 

www.quadreal.com

Media Contact
Marlena DeFalco
LinnellTaylor Marketing
303-682-3943
marlena@linnelltaylor.com

Hannah Wanlin
QuadReal Property Group
416-881-5129
Hannah.wanlin@quadreal.com

 

Cision View original content:https://www.prnewswire.com/news-releases/quarterra-multifamily-and-quadreal-announce-start-of-leasing-at-the-piper-apartments-302251490.html

SOURCE Quarterra

FAQ

What is The Piper and where is it located?

The Piper is a luxury rental community developed by Quarterra Multifamily and QuadReal Property Group, located in Redmond, Washington, near Marymoor Park.

How many apartments does The Piper offer and what are the sizes?

The Piper offers 284 apartments, ranging from 475 square foot studios to 1,400 square foot three-bedroom homes.

What amenities does The Piper provide?

The Piper features amenities including a pool and spa, kids play areas, co-working spaces, and direct access to Marymoor Park's facilities.

Is The Piper part of any affordable housing program?

Yes, as part of the MFTE/AARCH program, The Piper offers 10% of its homes at 50% area median income (AMI).

How close is The Piper to public transportation and major employers?

The Piper is blocks away from the future Southeast Redmond Light Rail Station and within a short drive to major tech employers like Microsoft, Facebook, and Amazon.

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