Recent Developments in Gilbert, AZ

New Residential Community Lusitano Announced

Gilbert, AZ — February 3, 2026 — Tri Pointe Homes Arizona has acquired approximately 40 acres of land in Gilbert for $18.2 million. The company plans to develop a new residential community named Lusitano, featuring 76 homesites, trails, and a small park. Sales are anticipated to begin in 2027. The community’s location offers proximity to key destinations, including employment centers, retail hubs, and recreational areas, enhancing its appeal to potential residents.

The Ranch Development Receives Final Approval

The Ranch, a $1 billion mixed-use development in Gilbert, has officially received final entitlement approval from the Planning Commission. Spanning over 295 acres along Power Road between Warner and Elliot Road, The Ranch will integrate industrial, residential, and commercial elements, alongside 18 acres of curated green space. The project is expected to have a significant economic impact, with projections of over $1.5 billion in annual economic output upon completion.

Sources

• Tri Pointe Homes Arizona buys 40 acres in Gilbert for $18.2 million
• $1 billion The Ranch project in Gilbert gets final approval