By IndiCap, Colmena Group, Langley Properties
The Ranch, a landmark $1B mixed-use development in Gilbert, officially received final entitlement approval from the Planning Commission on Aug. 6. 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 more than 295 acres along Power Road between Warner and Elliot roads 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 that will ultimately include approximately 51KSF of commercial retail space in seven buildings.
Phase 1 of Harvest Village will feature:
- 20KSF of speculative retail and restaurant space across four buildings;
- An open-air social plaza with decorative hardscape, lighting and turf;
- Ample parking, and
- Walkable proximity to surrounding residential and multifamily 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:
- 78KSF of retail, restaurant, office and patio space;
- A decorative, lighted pedestrian walkway providing connectivity along Elliot Road to nearby residential units and surrounding neighborhoods, and
- 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:
- 3MSF 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, and
- 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 efforts for the industrial portion of the project.
