Indicap, Colmena and Langley JV to break ground on 295-acre, $1B Mixed-Use Project, The Ranch, on Power between Warner and Elliot in Gilbert

The Ranch, a $1 billion, 295-acre, mixed-use project in Gilbert, Ariz., is set to break ground in the fourth quarter after receiving final entitlement approval this week from the city’s planning commission.

The project will take shape along Power Road between Warner and Elliot roads to become Gilbert’s largest mixed-use campus. The majority of the development led by IndiCap, Colmena Group and Langley Properties will be industrial, but it will also include multifamily housing, retail and open space after residents in the adjacent Morrison Ranch neighborhood pushed back on the original design proposed in 2022. After changes were made to the proposal, the Gilbert City Council approved the project in June 2023.

Colmena Group
Nate Bullen | Partner & VP, Development
IndiCap
Todd Ostansky | VP Regional Development

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