IndiCap Has Plans for A Massive Speculative Light Industrial Development on 292 Acres of Agricultural Lands in Gilbert

Yesterday IndiCap announced the purchase of some land here in Mesa, back in March this story was news

top story spotlight

Massive light industrial project eyed in Gilbert

             

(The developer envisions this building layout on what is now farm land on Power Road between Elliot and Warner roads)

By Cecilia Chan, GSN Managing Editor Mar 6, 2022 

https://www.gilbertsunnews.com/news/massive-light-industrial-project-eyed-in-gilbert/article_26bc9316-9ce8-11ec-b936-97b95c7c5ca2.html

"After sitting undeveloped for over a decade, a large chunk of land in Gilbert set aside for jobs may soon host light industrial uses.

IndiCap plans to seek a major General Plan amendment and rezone on 292 agricultural acres on Power Road between Elliot and Warner roads, adjacent to the eastern edge of the Morrison Ranch master-planned community.

 The developer anticipates going before the Council for approval at the end of the year.

“It’s one of the last parcels in town identified for employment,” said attorney Adam Baugh, representing IndiCap at a neighborhood meeting March 1. “At the end of the day Gilbert long envisioned employment on the property. After 13 years, we are excited to finally bring this forward to the town.”

Baugh said the developer anticipates that if Council approves its plan, dirt will start being moved in spring 2023 and the buildings in the first phase would be finished within six months. The start of construction of Phase 2 will depend on market conditions.

For a long time, town officials have has eyed the site as an employment corridor, given its close proximity to Loop 202, US 60 and Phoenix-Mesa Gateway Airport but nothing came to fruition until now, according to Baugh.

 The land is currently zoned for light industrial, general commercial and business park uses.

  Instead, IndiCap wants to use most of the site for light industrial. The commercial real estate developer is based in Las Vegas, Nevada.  

Plans call for 17 buildings ranging from about 89,040 square feet to 581,280 square feet on the site, totaling roughly 4 million square feet.

Baugh said three buildings on Power and two on Elliott would likely house three to four tenants with showrooms in the front and storage in the back. Tenants could include granite or flooring businesses or tech users, he said.

The developer envisions the two larger buildings on 180th Street in Phase 2 for manufacturing, research and development, pharmaceutical and aerospace uses that can remain separate or combined for a larger user, he added.

  “We are in the very, very early stages of the process,” Baugh said, adding the plan “can evolve over the next nine months as we go through the zoning process.”

 Baugh said some of the buildings would be built on spec with the hope that the others would be user-driven. . .

Although there could be tenants like the topical showroom guy, Larsen said he thinks most of the users would be more along the line of semi-conductor, electric vehicle, aerospace, medical devices and pharmaceutical.

“The buildings are designed to accommodate these uses,” Larsen noted.

He also said chemical manufacturing is not allowed on light-industrial zoned land and all outside storage would need to have a conditional-use permit.

He said the proposed project is a “very clean, high-end manufacturing park.”

Resident Brian Mosley said he was concerned with the proposal.

 “It’s already a big change from what we were told – a business park integrated into the neighborhood,” Mosely said. . .

Baugh said IndiCap will not close on the land purchase until it has garnered Town approval for the project. The land is currently owned by Dale Morrison, according to the Town.

Baugh said the next steps include having a pre-application meeting with Town planners in March and two public hearings before the Planning Commission in later summer to fall and a Council hearing in December.