311 acres of land in Gilbert sells for $107.5 million
Indicap, Colmena Group and Langley Properties acquired 311+ acres of land at Power Road and Warner Road in Gilbert for $107,500,000
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Indicap, Colmena Group and Langley Properties acquired 311+ acres of land at Power Road and Warner Road in Gilbert for $107,500,000
IndiCap announced that its massive $1 billion, 311-acre mixed-use project The Ranch has been approved by the Town of Gilbert.
The first phase of a mega light-industrial project that includes a 16-acre landscape buffer, commercial and up to 750 multifamily units is anticipated to break ground in about a year.
Seven months after developers and residents began to work on a compromise in order for The Ranch mixed-use project to get off the ground, Gilbert Town Council passed the reworked proposal on Tuesday.
Scottsdale-based El Dorado Holdings Inc. is in the process of creating another master-planned community southeast of Phoenix in Pinal County.