Business
Quarterra Multifamily and QuadReal Celebrate Strong Lease-up Start at The Piper Apartments
The Piper is proving to be one of Redmond's most in-demand rental communities, with strong leasing momentum continuing at the 284-home luxury property. Developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with global real estate investment, operating and development company, QuadReal Property Group, The Piper offers an exceptional living experience along the scenic Marymoor Park.
About this update from Lennar Corporation
[{"type":"text","content":"Redmond, Wash. community already surpassed 60% leased","length":53,"tagName":"p","attribs":{}},{"type":"text","content":"REDMOND, Wash., May 9, 2025 /PRNewswire/ -- The Piper is proving to be one of Redmond's most in-demand rental communities, with strong leasing momentum continuing at the 284-home luxury property. Developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with global real estate investment, operating and development company, QuadReal Property Group, The Piper offers an exceptional living experience along the scenic Marymoor Park.","length":464,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Quarterra)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Quarterra)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":107,"url":"https://media.zenfs.com/en/prnewswire.com/90bd5351aadd597414ceb46158906a5d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uDBQLR7g.RIUFNLiYUlyjA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/90bd5351aadd597414ceb46158906a5d","width":400,"height":107}},"href":"https://mma.prnewswire.com/media/1888952/Quarterra_Multifamily_Logo_Horizontal_FullColor_RGB_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Since opening its doors in August 2024, The Piper has rapidly gained traction, reaching 60% leased and over 50% occupied after just six months. The community's appeal stems from its seamless integration of thoughtfully designed homes and an active lifestyle, complemented by a market-leading suite of amenities. Residents enjoy a resort-style pool and spa, outdoor sauna, coworking space, expansive club room, and dedicated kids' play areas—all set against the stunning 640-acre Marymoor Park. As a regional hub for outdoor recreation, the park offers extensive trails, sports facilities, a 40-acre dog park, a climbing wall, and a vibrant summer concert series.","length":670,"tagName":"p"},{"type":"text","content":""We knew The Piper would offer something special to the Redmond market, and the overwhelming response from renters confirms it," said Brad Reisinger, Regional President of Quarterra. "The ideal location, exceptional amenities, and attention to detail in the community design sparked strong interest from those seeking an e...