A $1 billion Gilbert development could kick off construction this year after receiving the final approvals from the town’s Planning Commission.
The Ranch, a roughly 300-acre development planned at Power and Warner roads, is planned to include 3 million square feet of industrial space, 34 acres of retail development, 729 apartment units and 18 acres of green space near the neighboring residential community.
The development had been controversial when it was proposed, because initial plans called for the project to be about 90% industrial, Todd Ostransky, vice president of development for IndiCap, one of the project developers, said.
IndiCap, Colmena Group and Langley Properties are the partners on the development.
“Through a lot of collaboration with the neighbors, we got unanimous approval (from the Planning Commission),” he said.
Most of that collaboration meant decreasing the amount of industrial development on the site, to about 70% of the development, he said. Neighbors asked for buffers between their homes and warehouse buildings, which will include the landscaped green space and part of the apartment portion of the project.
Ostransky said it took “patience, collaboration and compromise” to find a development plan that was palatable for everyone. The development will be built on a site that is now an alfalfa field.
Neighbors, he said, were concerned about truck traffic and noise around the industrial buildings, as well as the potential that hazardous materials could be used or stored at the development. Ostransky said zoning at the site does not allow for hazardous material, and the development will include $25 million worth of infrastructure improvements to Power and Elliot roads to ease traffic congestion.
No residents spoke at the Planning Commission meeting Aug. 6, but some did submit written comments generally in opposition to the project. Several commissioners said they were pleased to see the plans adjusted after conversations with residents.
The development will take place in multiple phases, starting with part of the retail portion of the development and the 18-acre green space. Two areas of the development, called Harvest Village and Corner Springs, will be built in the first phase. Harvest Village will include 20,000 square feet of retail and restaurants in four buildings, along with an open-air plaza.
Harvest Village is situated with easy access to the existing neighborhood, so nearby residents could walk to visit the restaurants or stores, Ostransky said. No businesses have announced locations in the site yet, but Ostransky said they are seeking “boutique, local tenants.”
Corner Springs will include 78,000 square feet of retail, restaurant, office and patio space and four drive-through pads. The site preparations for Corner Springs will be part of the first phase, but actual construction could come later.
Corner Springs is expected to include quick-service restaurants and drive-throughs, but no businesses have confirmed locations there yet.
“We are open to a variety of different types of restaurants and businesses,” he said.
The first phase will take about 12 to 15 months for construction, Ostransky said.
Ostransky said market demand will dictate the pace and timeline of the full buildout of the site, especially the industrial buildings. According to research from real estate firm CBRE, the southeast Valley had a 14.6% vacancy rate for industrial buildings at the end of the second quarter of 2025, higher than the Valley’s average, with about 4.5 million square feet of space under construction. The development team likely will wait for that vacancy rate to drop before bringing more industrial space to the market.
Corina Vanek covers development for The Arizona Republic. Reach her at . Follow her on X .