Quarterra Multifamily and QuadReal Celebrate Strong Lease-up Start at The Piper Apartments

Company Overview - The Piper is a luxury rental community in Redmond, Washington, developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with QuadReal Property Group [1][4] - Quarterra Multifamily has been active in the Seattle metro area, with The Piper being its eleventh development in the region over the past decade [4][5] - QuadReal Property Group manages assets worth $94 billion and focuses on delivering strong investment returns while creating sustainable environments [6][7] Leasing Performance - Since its opening in August 2024, The Piper has achieved 60% leased and over 50% occupied within six months [2][3] - The community has seen strong leasing momentum, even during the winter season, indicating high demand for its offerings [3] Community Features - The Piper offers a range of amenities, including a resort-style pool, outdoor sauna, coworking space, and dedicated kids' play areas, all set against the backdrop of Marymoor Park [2][3] - The community consists of two five-story buildings with a pedestrian art walk featuring unique murals and sculptures [3] Location and Accessibility - The Piper is located near the Southeast Redmond Light Rail Station, which is set to open in May 2025, providing residents with easy access to Bellevue and Seattle [3]