Indicap, Colmena Group, Langley Properties Receive Town Approval for $1 Billion Mixed-Use Project in Gilbert, Arizona

by Hayden Spiess

Gilbert, Ariz. — The Town of Gilbert, a suburb southeast of Phoenix, has approved the zoning request for a 311-acre mixed-use development called The Ranch. Indicap, Colmena Group and Langley Properties are leading the project and estimate development costs of more than $1 billion.

Upon completion, The Ranch will offer 221 acres of light industrial space, 39 acres of commercial space, 39 acres of multifamily space and 16 acres of public green space.

The commercial space is expected to include restaurants, storage, convenience stores, office space, a fitness center, small grocer and dental office, among other uses. 

The 16-acre green space will include trails and landscaping for the community to use. The developers also plan to make $20 million in offsite improvements.

The zoning approval marks the conclusion of 18 months of negotiations between the developers and the town government. A timeline for construction was not disclosed.

— Channing Hamilton

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