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.”