REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in joint venture with QuadReal Property Group, announced key milestones at two luxury communities in the Marymoor submarket of Redmond.
Spectra, a luxury mixed-use community at 17620 Northeast 69th Court, the first apartment community to open in the core of the emerging Marymoor Village, opened its third and final phase with delivery of the 187-home West Building.
Less than a mile away, The Piper, a 284-home luxury community directly fronting renowned Marymoor Park at 17305 NE 67th Court, reached the topping out point in its continued construction. The community is due to complete in H1 2024, with first residents welcomed shortly afterwards.
“Quarterra and QuadReal are excited to lead delivery of high-quality housing for people looking to relocate to the burgeoning Marymoor Village,” said Brad Reisinger, Regional President for Quarterra. “Between Spectra and The Piper, we are introducing more than 730 apartment homes to the neighborhood, including 74 affordable homes for low and moderate-income households. We are committed to making a sense of place in Marymoor Village that integrates fantastic housing with investment in public infrastructure, prioritizes local small business retail and showcases public art.”
Daniel Gliksman, Managing Director, Americas-East at QuadReal, added: “The multifamily sector has been, and remains one of our strongest convictions, underpinned by favorable demographic trends. We continue to look for opportunities to work alongside best-in-class developers and deliver high quality residential real estate in quick growing and desirable neighborhoods.”
Marymoor Village was rezoned in anticipation of a nearby Link Light Rail Station, which will provide unprecedented connectivity with the surrounding region. Spectra, comprising of 450 apartment homes and 37,259 square feet of retail space, offers the modern conveniences and amenities of living found in urban podiums with the openness and outdoor features provided in suburban garden communities. Onsite amenities include an outdoor pool, multiple playgrounds, fitness center, pea patches, dog run, several club rooms, a rooftop lounge, and an expansive co-working area.
The apartment homes include new concept designs while offering interior finishes that rival those in downtown towers. Additionally, residents and the public alike can delight in an extensive public art offering including multiple murals, an interactive light sculpture and bespoke art balconies.
Located at the neighborhood’s front door and directly across the street from the under-construction light rail station, Spectra offers a curated retail mix that includes BrightHorizons daycare, Stone Korean Restaurant, Sasquatch Strength and Phenix Salon Suites, with two additional retail spaces available to lease. Spectra residents also delight in direct pedestrian access to Whole Foods Market, as well as Downtown Redmond and the Redmond Town Center via the East Lake Sammamish Trail.
“Quarterra and our partners could not be more proud of how Spectra came together and its positive reception from our residents, the neighborhood, and the City of Redmond,” said Reisinger. “We wanted Spectra to play an integral role in Marymoor’s evolution, and we’re excited for the community and its residents to help shape and influence the direction of this incredible locale.”
The Piper, which directly fronts the 640-acre Marymoor Park and its sports facilities, trail system, dog park and concert venue, will similarly beckon residents to engage with their surroundings. The Piper’s amenities will virtually cascade into the park, with an emphasis on open-air experiences including an outdoor plaza and resort-style pool and spa overlooking the park.
The Piper’s 284-homes trend larger than those at Spectra and many are designed to cater towards those needing more space. The community is divided between two five-tale mid-rise buildings separated by a pedestrian art walk, highlighted by murals, sculptures and other works from eleven different artists. The community will also house an artists in residence program in a dedicated space along the art walk.
Spectra is currently open and available to lease, while The Piper will complete construction next year and welcome its first residents in mid-2024.

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TAMPA, FL – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe South Tampa, the latest Marlowe-branded apartment community, has begun pre-leasing.
“Marlowe South Tampa is a unique community, featuring an expansive amenity courtyard with a resort-style pool, private cabanas and relaxing outdoor lounge spaces, as well as more than 12 acres of protected ponds and wetlands surrounded by natural vegetation and inhabited by local wildlife,” Alexandra Kozak-Mehta, Director, Development, Greystar, said. “We know outdoor space is more vital than ever for our residents, which is why we designed so many outdoor amenity options and have private screened in balconies in nearly every unit. We have built a sophisticated community with high quality finishes inside and out that we know residents will like, and we can’t wait to start welcoming them home.”
Marlowe South Tampa will offer studio, one-, two- and three-bedroom floorplans as well as two- and three-bedroom townhomes. Apartment homes will feature outdoor spaces, quartz countertops, luxury vinyl tile flooring, Nest thermostats, smart locks and keyless entry as well as keyless guest access. Screened-in porches are available in some residences. Some apartment homes feature views of the nature preserve.
The community is just minutes from Bayshore Blvd., the longest continuous sidewalk in the United States, where residents can take in views of the city skyline, the water and delight in a variety of recreational activities. Hyde Park Village provides high-end specialty shops, restaurants and entertainment just a small drive away and nightlife is just minutes away in SoHo.

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PHOENIX, AZ – Locale, the upscale apartment-style hotel brand and management company, and The Dinerstein Companies (TDC), a national real estate and development company, announced the expansion of their partnership with the launch of Locale Midtown Phoenix, offering upscale furnished apartments for small and extended stays within the Aspire Park Central residential community.
Locale Midtown offers 27 upscale furnished apartments within walking distance of Creighton University and St Joseph’s Hospital and Medical Center and is now accepting reservations for guest stays. Blending the comfort of home and convenience of a hotel, Locale’s apartment-style accommodations feature fully-equipped kitchens, in-unit washer-dryers, self check-in, modern design, and premium amenities. The luxury property includes a resort-style pool and fitness center plus a Sky Deck with expansive views of Downtown Phoenix.
This launch comes on the heels of the partnership’s latest project in Nashville, Locale The Gulch, that converted the fifth floor of Aspire Gulch, Dinerstein’s luxury residential building into upscale apartment-style rentals.
Dinerstein and Locale first established a partnership in 2016 and have successfully launched furnished, apartment-style accommodations at eight properties, with more locations to come in 2024.
“Our goal is to always partner with best-in-class companies for all our assets. Since our initial rollout with Locale seven years ago, they have continued to show a similar mindset as us by approaching everything with the customer experience at the forefront within our buildings”, said Clay Hicks, Partner and President of TDC Management. “We continue to keep our pulse on the small-term rental business within the national markets we are in and believe Locale is the company best suited for us to meet our shared goals.”
Locale’s apartment-style accommodations respond to rapidly growing consumer demand for more space, privacy, and comfort while traveling, especially for work trips that stretch into leisure vacations. The furnished apartments perform well in newly constructed buildings as well as stabilized multifamily assets, boosting occupancy and delivering premiums to conventional rents.
“We’re excited to expand our exclusive small-term rental relationship with Dinerstein. The trust and respect we’ve built over the years has been enhanced by the superior returns we’ve generated for their assets and capital partners – it’s been a winning combination,” said Nitesh Gandhi, Founder and CEO of Locale. “We share a vision that high-quality furnished apartments enhance the value of multifamily assets and it’s our pleasure to work with Dinerstein’s exceptional team to bring these accommodations to life within their communities.”

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