The Ranch Receives Final Entitlement Approval from Gilbert Planning Commission

Approval Clears the Way for Construction to Begin on One of Arizona's Largest and Most Anticipated Mixed-Use Developments

GILBERT, Ariz., Aug. 7, 2025 /PRNewswire/ -- The Ranch, a landmark $1 billion mixed-use development in the heart of Gilbert, Arizona, has officially received final entitlement approval from the Planning Commission on August 6, 2025. With this critical milestone achieved, permitting and construction can now commence on the transformative project poised to redefine the region's landscape and economy.

Led by development partners IndiCap, Colmena Group, and Langley Properties, The Ranch spans over 295 acres along Power Road between Warner and Elliot Road and is set to become Gilbert's largest mixed-use development. The project will integrate industrial, residential, and commercial elements, alongside 18 acres of curated green space, lighted walking paths, seating, shade and social gathering areas that harmonize with the adjacent Morrison Ranch neighborhood.

Phase 1, set to break ground in the fourth quarter this year, will include Harvest Village, a neighborhood lifestyle retail center which will ultimately include approximately 51,000 sf of commercial retail space in seven (7) buildings.

Phase 1 of Harvest Village will feature:

• 20,000 square feet of speculative retail and restaurant space across four buildings
• An open-air social plaza with decorative hardscape, lighting and turf
• Ample parking with a 9:1,000 SF ratio
• Walkable proximity to surrounding residential and multi-family neighborhoods

Jennifer Hill of GPS Commercial Advisors is managing the leasing and sales of Harvest Village.

Phase 1 also includes site infrastructure improvements to prepare pad-ready sites at Corner Springs, which will ultimately feature:

• 78,000 square feet of retail, restaurant, office, and patio space
• A decorative, lighted pedestrian walkway providing connectivity along Elliot Road to nearby residential units and surrounding neighborhoods
• Four dedicated drive-thru pad sites

Mark Bramlett of Lee & Associates is leading the brokerage efforts for Corner Springs.

The 18-acre open space will also come to life in Phase 1 of the project. The open space will serve as a large amenity space for the overall development and surrounding neighborhoods and will include a landscaped greenbelt with lighted walking paths, seating, shade and gathering areas.

Additional phase 1 improvements include off-site infrastructure improvements at Elliot and Power Roads, to their final design, by adding additional traffic lanes, turn lanes, traffic signal upgrades, street lighting and landscaping.

Upon full buildout, The Ranch will include:

• 3 million square feet of light industrial across 221 acres, offering flexible logistics and warehouse solutions
• 34 acres of retail, including full-service restaurants, QSRs with drive-thrus, grocery, automotive and neighborhood services
• 729 multi-family residential units, in three distinct communities designed with walkability, green space, and neighborhood-scale retail in mind

Steve Larsen of JLL is managing the leasing effort for the industrial portion of the project.

With a location just minutes from the Loop-202, Phoenix-Mesa Gateway Airport, and ASU Polytechnic Campus, The Ranch offers unmatched accessibility and strategic value for industrial tenants, retailers, and residents alike.

Projected Economic Impact: Over $1.5 Billion Annually

The Ranch is expected to be a powerful economic engine for Gilbert and the broader Phoenix East Valley:

During Construction:

• $961.7 million in total economic output
• 5,888 total job-years created
• $42.8 million in tax revenue

Annually Upon Completion:

• $1.5 billion in total economic output
• 8,967 jobs supported
• $31.6 million in recurring tax revenue

"This entitlement approval marks a turning point not just for The Ranch, but for Gilbert as a whole," said Todd Ostransky, at IndiCap. "This development is designed to meet the evolving needs of businesses and residents while driving sustainable economic growth in the region."

About IndiCap
IndiCap, founded in 2021, specializes in industrial investment, development, consulting, and management services in Arizona with growth and expansion plans across other Western States. The principals and team at IndiCap have developed more than 30 million square feet of commercial real estate throughout the industrial, office, and retail space. Mike Chernine and Jason Kuckler, the company's principals, are seasoned real estate development experts with 60 years of experience between them. IndiCap's scope consists of site selection, design, site plans and construction, finance and budgets, and full development services. For more information, visit indicapinc.com.  

About Colmena Group
Colmena Group is a real estate development and investment company headquartered in Salt Lake City, Utah. The managing partners of Colmena Group have more than 65 combined years of real estate experience, building their reputation on thoughtful stewardship of investment opportunities. Founded in 2008, Colmena's mission is to build a legacy of quality, long-lasting communities. Its portfolio includes multifamily, assisted living, commercial office, student housing, research parks, retail, hotel, industrial warehouses, and mixed-use properties. Since its inception, Colmena has developed, co-developed and invested in real estate projects that built a current portfolio value of more than $1.6 Billion. For more information, visit https://www.colmenagroup.com/. 

About Langley Properties
For over 30 years, Langley Properties LLC has built their reputation as a market leader using a simple strategy; find the right property at the right price, with an opportunity to add meaningful value, and get to work! Whether it is growing cotton, cattle, solar farms, wind farms, homes, or schools, when they utilize the experience of their team, and proper stewardship of the land is our goal, added value is the result.  With over 60,000 acres owned across the southwest, this straightforward approach to real estate investing has served their investors well. Their team has the depth of knowledge to realize a property's potential, be it a 5-acre infill lot with a significant value proposition, a 160-acre farm in the path of progress, or a 5,000-acre ranch with an opportunity to become a future master planned community. The Langley team is committed to achieving the highest and best use for their properties, maximizing returns for our investors. For more information, visit https://www.langley-properties.com/.

SOURCE The Ranch