by Marlena DeFalco
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.