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Quarterra Multifamily Announces the Start of Leasing at Leya Apartments

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Quarterra Multifamily, a Lennar subsidiary, announces the start of leasing at Leya Apartments, a new 328-home luxury community in Fremont's Warm Springs neighborhood. The mid-rise development offers studio to three-bedroom units ranging from 576 to 1,388 square feet, featuring modern amenities including smart thermostats, stainless steel appliances, and quartz countertops. Located at 3301 Innovation Way, the property provides easy access to major highways and the Warm Springs BART Station. Community amenities include a resort-style pool, spa, 24-hour fitness center, co-working spaces, and EV charging stations. This marks Quarterra's first Fremont development and fifth in the Bay Area.

Quarterra Multifamily, una sussidiaria di Lennar, annuncia l'inizio degli affitti presso Leya Apartments, una nuova comunità di lusso composta da 328 appartamenti nel quartiere Warm Springs di Fremont. Lo sviluppo a medie altezze offre unità che vanno da monolocali a appartamenti con tre camere da letto, con dimensioni comprese tra 576 e 1.388 piedi quadrati, dotate di moderni comfort tra cui termostati intelligenti, elettrodomestici in acciaio inox e piani di lavoro in quarzo. Situata al 3301 di Innovation Way, la proprietà offre un facile accesso alle principali autostrade e alla stazione BART di Warm Springs. Le strutture comuni includono una piscina in stile resort, spa, centro fitness aperto 24 ore su 24, spazi di co-working e stazioni di ricarica per veicoli elettrici. Questo segna il primo sviluppo di Quarterra a Fremont e il quinto nella Bay Area.

Quarterra Multifamily, una subsidiaria de Lennar, anuncia el inicio del arrendamiento en Leya Apartments, una nueva comunidad de lujo con 328 viviendas en el vecindario Warm Springs de Fremont. El desarrollo de mediana altura ofrece unidades que van desde estudios hasta apartamentos de tres dormitorios, con tamaños que oscilan entre 576 y 1,388 pies cuadrados, con comodidades modernas que incluyen termostatos inteligentes, electrodomésticos de acero inoxidable y encimeras de cuarzo. Ubicado en 3301 Innovation Way, la propiedad proporciona fácil acceso a las principales autopistas y a la estación BART de Warm Springs. Las comodidades de la comunidad incluyen una piscina estilo resort, spa, gimnasio abierto las 24 horas, espacios de trabajo compartido y estaciones de carga para vehículos eléctricos. Este es el primer desarrollo de Quarterra en Fremont y el quinto en el área de la Bahía.

Quarterra Multifamily, 렌나르의 자회사,는 프리몬트의 웜 스프링스 지역에 위치한 328채의 고급 주택인 Leya Apartments에서 임대 시작을 발표했습니다. 중고층 개발은 576에서 1,388 평방피트에 이르는 스튜디오부터 3베드룸 유닛까지 제공하며, 스마트 온도 조절기, 스테인리스 스틸 가전 제품 및 쿼츠 조리대와 같은 현대적인 편의 시설을 갖추고 있습니다. 3301 Innovation Way에 위치한 이 부동산은 주요 고속도로와 웜 스프링스 BART 역에 쉽게 접근할 수 있습니다. 커뮤니티 편의 시설로는 리조트 스타일 수영장, 스파, 24시간 피트니스 센터, 공동 작업 공간, 전기차 충전소가 포함됩니다. 이는 Quarterra의 첫 번째 프리몬트 개발이며 베이 지역에서 다섯 번째 개발입니다.

Quarterra Multifamily, une filiale de Lennar, annonce le début des locations au Leya Apartments, une nouvelle communauté de luxe comprenant 328 logements dans le quartier Warm Springs de Fremont. Le développement à moyenne hauteur propose des unités allant des studios aux appartements de trois chambres, allant de 576 à 1 388 pieds carrés, avec des équipements modernes tels que des thermostats intelligents, des appareils en acier inoxydable et des plans de travail en quartz. Situé au 3301 Innovation Way, la propriété offre un accès facile aux principales autoroutes et à la station BART de Warm Springs. Les commodités communautaires comprennent une piscine de style station balnéaire, un spa, une salle de sport ouverte 24 heures sur 24, des espaces de coworking et des stations de recharge pour véhicules électriques. Cela marque le premier développement de Quarterra à Fremont et le cinquième dans la région de la baie.

Quarterra Multifamily, eine Tochtergesellschaft von Lennar, kündigt den Beginn der Vermietung in Leya Apartments an, einer neuen Luxusgemeinschaft mit 328 Wohnungen im Warm Springs-Viertel von Fremont. Das mehrgeschossige Gebäude bietet Studios bis hin zu Drei-Zimmer-Wohnungen mit einer Fläche von 576 bis 1.388 Quadratfuß, ausgestattet mit modernen Annehmlichkeiten wie intelligenten Thermostaten, Edelstahlgeräten und Quarz-Arbeitsplatten. Das Anwesen, das sich in der 3301 Innovation Way befindet, bietet einfachen Zugang zu wichtigen Autobahnen und zur Warm Springs BART-Station. Zu den Gemeinschaftseinrichtungen gehören ein Pool im Resort-Stil, ein Spa, ein 24-Stunden-Fitnesscenter, Co-Working-Spaces und Ladestationen für Elektrofahrzeuge. Dies markiert Quarterras erste Entwicklung in Fremont und die fünfte in der Bay Area.

Positive
  • Strategic location near major tech employers and transportation hubs
  • Diverse unit mix catering to different market segments (576-1,388 sq ft)
  • Comprehensive amenity package including modern workspace solutions
  • Expansion of portfolio in the high-demand Bay Area market
Negative
  • None.

Insights

The launch of Leya Apartments represents a strategic expansion in the highly competitive Bay Area rental market. With 328 luxury units in Fremont's Warm Springs neighborhood, this development targets the lucrative tech workforce demographic. The project's location near major employers like Tesla, Meta and Lam Research positions it well for steady demand.

The amenity package, including EV charging stations and co-working spaces, aligns with modern renter preferences. Given the Bay Area's persistent housing shortage and strong tech sector employment, this development should contribute positively to Lennar's multifamily portfolio. The proximity to BART and major highways enhances the property's appeal and potential rental premiums.

Luxury community infuses 328-home premier apartment homes into Bay Area

FREMONT, Calif., Nov. 26, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated developer, property manager, and asset manager today announced the start of leasing at Leya Apartments, the newest luxury community in California's Bay Area.

Leya is a 328-home mid-rise community in the Warm Springs neighborhood of Fremont, a vibrant neighborhood known for its scenic beauty and rich history. Nestled against the foothills, Warm Springs offers a blend of suburban tranquility and urban convenience. The area is home to a balance of quality jobs and schools, exceptional parks and recreational opportunities, and holds appeal for all renters.

"Leya is Quarterra's response to the ever-growing housing demand in the Bay Area, and delivers an exceptional living experience in an accessible and enviable location," said Nathan Tuttle, Senior Director, Development for Quarterra. "We're excited to be part of Warm Springs' continued evolution and emergence as a hub for the tech jobs sector. Leya helps to ensure that tech workers have the option to live and work in their community, strengthening their sense of connection to Fremont."

Leya residents have everything they need just minutes from the community. They can shop and dine locally at Pacific Commons Shopping Center, NewPark Mall, Fremont Hub, Warm Springs Plaza and Gateway Plaza, or catch an improv show at Made Up Theatre. Multiple golf courses and wineries are just minutes away in the Fremont and Milpitas foothills. Niles Canyon — known for its historic railroad and as a silent movie set — is just 8 miles away and serves as a day trip destination with a local coffee roaster, shops and antiques. Nearby Ardenwood Historic Farm recreates turn-of-the-century farm life and offers do-it-yourself corn picking. Outdoor enthusiasts have plenty of opportunities to get outside at nearby Mission Peak Regional Preserve, Coyote Hills Regional Park, Aqua Adventure Water Park and Fremont Central Park — complete with an expansive dog park and access to Lake Elizabeth.

Located at 3301 Innovation Way, Leya offers simple regional connectivity throughout the Bay Area. Interstate 880 (Nimitz Freeway) is only .6 miles from the property, running north-south along the eastern shore of San Francisco Bay, and I-680, which also runs north-south roughly 4 miles away, connects East Bay to South Bay and beyond. California Hwy 237, a major east-west arterial roadway, is only a few miles from the property, as well. Local connectivity is created via Fremont Boulevard, just blocks from Leya, with Auto Mall Parkway and Grimmer Boulevard also within easy reach. The property puts families with school-aged children just a block away from Lila Bringhurst Elementary School. The Warm Springs BART Station, within walking distance of the community, also provides convenient access to regional destinations and major employers including Tesla, Lam Research, Lucid, Meta and Seagate Technology.

Leya features a mix of studio, one-, two- and three-bedroom apartment homes, ranging from 576 to 1,388 square feet. The modern homes come equipped with smart thermostats. Kitchens are highlighted by a stainless steel appliance package, quartz countertops, custom pendant lighting and undermount sinks with designer faucet hardware. Homes feature luxury vinyl plank flooring throughout living areas and floor-to-ceiling windows, while bedrooms are carpeted and include expansive walk-in closets. Bathroom designs utilize tile shower surrounds.

Residents of Leya have full access to a resort-style pool and spa area, augmented with barbeque grilling stations. A resident clubhouse includes billiards, a full kitchen, TVs and arcade games, while a 24-hour fitness center is stocked with top-tier equipment to accommodate any workout. A thoughtfully designed co-working center caters to the work-from-home crowd, with private work spaces, collaborative social areas, and Bluetooth, HDMI and USB technology. A state-of-the-art screening room includes Bluetooth and streaming options. Leya residents also have the use of a bike storage facility and parking structure with Tesla EV charging stations.

Leya is Quarterra's first community in Fremont and its fifth development in the Bay Area, joining 17th & Broadway, 19th & Harrison, Hawkins and The Emery.

About Quarterra
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

Media Contact
Marlena DeFalco
LinnellTaylor Marketing
marlena@linnelltaylor.com

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SOURCE Quarterra

FAQ

What is the size range of apartments at Leya Apartments by Lennar (LEN)?

Leya Apartments offers units ranging from 576 to 1,388 square feet, including studio, one-, two- and three-bedroom configurations.

Where is Leya Apartments located in Fremont?

Leya Apartments is located at 3301 Innovation Way in the Warm Springs neighborhood of Fremont, California.

How many units does Lennar's (LEN) Leya Apartments development include?

Leya Apartments includes 328 luxury apartment homes in a mid-rise community development.

What amenities are offered at Leya Apartments?

Amenities include a resort-style pool and spa, 24-hour fitness center, co-working spaces, resident clubhouse, screening room, and Tesla EV charging stations.

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