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
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SOURCE Quarterra