Leon Multifamily Breaks Ground on 343-Unit Soltra Ironwood in North Phoenix

Leon Multifamily has broken ground on Soltra Ironwood, a 343-unit apartment community in North Phoenix, Arizona. The project adds to the company's portfolio of multifamily developments in the Phoenix metro area.

The development is positioned to serve housing demand tied to the region's semiconductor and advanced manufacturing sector. North Phoenix is home to Taiwan Semiconductor Manufacturing Company's expanding campus, which has committed to a total of $265 billion in Arizona investment across up to 10 fabrication facilities, two advanced packaging plants, and a research and development center. The build-out is expected to support tens of thousands of construction and permanent jobs in the area.

Soltra Ironwood will offer studio, one-, two-, and three-bedroom apartments. Planned amenities include a resort-style pool, a 24-hour fitness center, co-working space, a clubhouse event space, a dog park and pet spa, pickleball and bocce ball courts, and private garages with EV charging.

First units are expected in the fourth quarter of 2027, with leasing to follow.

Blake Schroeder, President of Leon Multifamily, said, "North Phoenix's growth story is being written by companies like TSMC, whose expanding investment is bringing tens of thousands of new jobs to the area. Soltra Ironwood is our response to that growth."

The community is being built by LMF Construction, Leon's in-house general contractor. The company provides construction management and general contracting services for multifamily developments across the U.S., working on both Leon's own projects and third-party clients. Since 2017, LMF Construction has completed or is currently underway on 22 projects, representing more than $1 billion in construction value.

Derek Deckard, President of Construction at LMF Construction, said, "Every project sharpens the way our team works together, and Soltra Ironwood is no exception. Our crews are ready to get to work, and we're committed to delivering the same level of quality and attention to detail that has defined our projects across the Phoenix market."

Leon Multifamily is a subsidiary of Leon Capital Group, a holding company with operating subsidiaries in real estate, healthcare, and financial services.