Construction season is still going strong as the weather cools, as evidenced by several apartment project groundbreakings in job-rich areas last week.
The red-hot semiconductor industry is fueling demand for housing in Phoenix, while Indiana’s strong labor market and limited supply are bolstering the need for more units, per the Indiana Association of Realtors. Plus, an affordable project is coming to Raleigh, North Carolina — the market with the most outsiders looking for apartments, drawn to its robust employment options, the Triangle Business Journal reported.
Read on to learn more about three newly started multifamily developments:
Soltra Ironwood in Phoenix
Leon Multifamily broke ground last week on Soltra Ironwood, a 343-unit luxury apartment project located in North Phoenix, according to an Oct. 20 release from the developer. It is the Dallas-based firm’s latest addition to its growing portfolio of class A multifamily developments in the area…