Quarterra Group Announces Start of Leasing at Harper Apartments

Rhea-AI Summary

Quarterra Group, a Lennar Corporation (NYSE:LEN) subsidiary, has commenced leasing at Harper, a 265-unit mid-rise apartment community in Boston's Allston neighborhood. The property features studio, one- and two-bedroom apartments ranging from 450 to 1,120 square feet, including eight designated artist studio units.

The development, located at 40 Rugg Road, offers premium amenities including two rooftop decks, 11,000 square feet of landscaped green space, and 2,500 square feet of ground-floor retail. The LEED Gold-certified property provides strategic access to major employers, universities, and transit options, with the Boston Landing MBTA Commuter Rail station and Harvard Avenue Station nearby.

Positive

• Strategic location near major universities (Harvard, MIT, Boston College) and employers (New Balance, WGBH-TV)
• LEED Gold certification demonstrates environmental commitment and potential operational efficiency
• Mixed-use development with 2,500 sq ft of retail space and diverse amenities
• Excellent transit connectivity with multiple public transportation options

Negative

• Potential market saturation in student-heavy area could affect rental rates
• Smaller unit sizes (starting at 450 sq ft) may limit tenant pool

News Market Reaction

+1.12%

1 alert

+1.12% News Effect

On the day this news was published, LEN gained 1.12%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

265-Home Mid-Rise Community Welcomes Residents to Boston's Allston Neighborhood

BOSTON, Aug. 5, 2025 /PRNewswire/ -- Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, has announced the start of leasing at Harper, a mid-rise community in the heart of Boston's burgeoning, art-centric Allston neighborhood. The management of Harper falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred.

Harper adds 265 apartment homes to Allston, which has emerged as Boston's hub for public art displays, unique music venues, and a lively restaurant and nightlife scene that has become popular with young professionals. The neighborhood also continues to attract a large student demographic, due to its location at the center of Boston's top universities – Harvard University, Massachusetts Institute of Technology (MIT), Boston College, Tufts University and Boston University.

"Allston is Boston's artistic and intellectual epicenter, with world-renowned academic institutions and well-established visual and performing arts centers. Harper puts residents at the heart of these stimulating and inspiring cultural opportunities," said Dan Lee, Managing Director of Quarterra Group's Northeast Division. "While Harper is ideally situated to enjoy all the neighborhood has to offer, residents can also soak in the city from the comfort of multiple rooftop decks, engage with the community's interactive streetscapes, and enjoy the luxuriously landscaped green space. Harper captures the vibrant energy and artistic spirit of Allston, bringing it home for an unparalleled living experience."

Harper's enviable location at 40 Rugg Road puts residents within easy reach of numerous cultural attractions, including the Museum of Fine Arts, the Honan-Allston Branch of the Boston Public Library and the annual Allston Village Street Fair. Residents will enjoy nearby Magazine Beach, Ringer Playground, Artesani Wading Pool and Spray Deck, Arsenal Community Park and Skate Park, Penniman Road Play Area, and Mansfield Street Dog Park. The community is close to several sports venues, like historic Fenway Park, home of the Red Sox; Warrior Ice Arena, practice facility for the Boston Bruins; Auerbach Center, practice facility for the Boston Celtics; and the Track at New Balance multisport complex.

Allston's retail, dining and nightlife district is within walking distance along Harvard Avenue and Cambridge Street. The Allston Yards mixed-use development, with 50,000 square feet of retail and a new, 67,000 flagship Stop & Shop grocery store, is only a quarter mile away. Less than a half mile away, the mixed-use Boston Landing development features 25 shops and restaurants. Major employers in the Boston Landing campus include the New Balance headquarters, WGBH-TV, Proteostasis Therapeutics, Roche Diagnostics and Mass Innovation Labs.

Regional connectivity from Harper is simplified by the community's proximity to multiple transit options. The Boston Landing MBTA Commuter Rail station is less than a half mile walk from the community, providing direct access to Boston's Yawkey (Longwood), Back Bay and South Station along the Framingham/Worcester line. The train accesses most entertainment and commercial hubs – including Fenway and the financial district – in less than 15 minutes. Harper is also located half a mile from the Harvard Avenue Station of the MBTA Green light rail station. The community has excellent highway connectivity with the Mass Pike (I-90) and Boston's other major thoroughfares just minutes away. 

In addition to studio, one- and two-bedroom apartment homes — ranging from 450 to 1,120 square feet — eight specially designated artist studio units are also available. All homes feature stainless steel appliances, quartz countertops, wood-inspired flooring throughout, keyless entries, under-cabinet lighting and movable islands in select floor plans.

Residents have access to a club room with a fireplace lounge, a fitness studio with flex space, co-working spaces with a private conference room, an artist studio, dog run and pet spa, bike storage rooms and a fully automated parking garage. Harper is highlighted by two rooftop decks, 11,000 square feet of landscaped green space, interactive streetscapes and 2,500 square feet of ground-floor retail space. The community's environmentally thoughtful design will earn a LEED Gold certification.

Harper is one of Quarterra's first two communities in Massachusetts, joining Artemas in Everett, Mass.

About Quarterra
Quarterra Group, Inc. is a real estate investment firm focused on creating long-term value through the development of high-quality multifamily communities nationwide. As a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN and LEN.B), Quarterra combines institutional scale with local market expertise to deliver purposefully designed rental communities in high-growth markets.

Quarterra's core strategy includes the expansion of its Emblem portfolio-a growing collection of attainably priced communities that deliver efficient design, modern amenities, and strong investment fundamentals. Emblem Communities are thoughtfully positioned to meet the needs of today's renters while supporting Quarterra's broader vision of sustainable, resilient, and diversified housing solutions.

For more information, visit www.quarterra.com.

Media Contact
Marlena DeFalco
LinnellTaylor Marketing
marlena@linnelltaylor.com

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SOURCE Quarterra

FAQ

What are the key features of Quarterra Group's Harper apartments in Boston?

Harper features 265 apartment homes ranging from 450-1,120 sq ft, including studio, one- and two-bedroom units, plus eight artist studios. Amenities include two rooftop decks, 11,000 sq ft of green space, and LEED Gold certification.

Where is the Harper apartment complex located in Boston?

Harper is located at 40 Rugg Road in Boston's Allston neighborhood, less than half a mile from Boston Landing MBTA Commuter Rail station and Harvard Avenue Station.

What amenities does Harper apartments offer to residents?

Harper offers premium amenities including a club room with fireplace lounge, fitness studio, co-working spaces, artist studio, dog run, pet spa, bike storage, automated parking garage, and two rooftop decks.

How close is Harper apartments to major Boston universities?

Harper is centrally located near several major universities including Harvard University, MIT, Boston College, Tufts University, and Boston University.

What transportation options are available near Harper apartments?

The property is less than half a mile from Boston Landing MBTA Commuter Rail station and Harvard Avenue Station (Green Line), with quick access to I-90 and major thoroughfares.