Leon Multifamily, a subsidiary of Leon Capital Group (“Leon” or “the Company”), a diversified holding company with operating subsidiaries in real estate, healthcare, and financial services, today announced the start of construction on Soltra Ironwood, a 343-unit luxury multifamily community in North Phoenix, Arizona. Soltra Ironwood is Leon’s latest addition to its growing portfolio of Class-A multifamily developments in the Phoenix metropolitan area, positioned to meet rising housing demand driven by the rapid expansion of the region’s semiconductor and advanced manufacturing base.
North Phoenix has become one of the fastest-growing employment corridors in the country, anchored by Taiwan Semiconductor Manufacturing Company’s (TSMC) expanding campus. TSMC 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 — a build-out expected to support tens of thousands of construction and permanent jobs in the surrounding area. Soltra Ironwood is designed to serve this expanding workforce and the broader population growth it is driving across North Phoenix.
Soltra Ironwood will offer studio, one-, two-, and three-bedroom apartments in North Phoenix. The community is designed to 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.
“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,” said Blake Schroeder, President of Leon Multifamily. “Soltra Ironwood is our response to that growth.”
The community is being built by LMF Construction, Leon’s in-house general contractor, which delivers construction management and general contracting services for multifamily developments across the U.S., for both Leon’s own projects and a growing roster of third-party clients. Since 2017, LMF Construction has completed or is currently underway on 22 projects, representing more than $1 billion in construction value.
“Every project sharpens the way our team works together, and Soltra Ironwood is no exception,” said Derek Deckard, President of Construction, LMF Construction. “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.”
About Leon Capital Group
Leon Capital Group is a holding company that operates assets in the financial services, healthcare, real estate, and technology industries. Leon takes the lead in conceiving, developing, owning, and operating businesses. The firm started as a modest privately owned real estate development company in Texas and has since evolved into a collection of exceptional businesses capable of operating successfully across multiple geographies and industries. For more information about Leon Capital Group, please visit www.leoncapitalgroup.com.
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