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3/26/25
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Kensington Development Partners and IM Properties have acquired a prime 30-acre infill land parcel in Gilbert, AZ, for a new upscale development called Signature at SanTan Village. The high-end retail center will sit within the popular SanTan Village retail, restaurant and entertainment corridor.
Construction has begun on Phase I of the project. Early anchor tenant commitments already have been secured by Whole Foods Market and a DICK’S Sporting Goods House of Sport. When all 30 acres are developed, Signature at SanTan Village will host approximately 300k sf of retail, grocery, restaurant and entertainment on the northwest quadrant of Santan Village Pkwy and Williams Field Rd, directly west of the SanTan Village regional mall.
Signature at SanTan Village will be developed in joint venture partnership with long-time Arizona landowners and developers, SanTan Development Group, with an approximate project cost of $145 mil.
Construction on Signature at SanTan Village Phase I begins immediately and will include:
• A 43k sf Whole Foods Market offering natural and organic foods from this leading grocer. The store will join more than 350 Whole Foods stores across the U.S., Canada and U.K.
• A 119.4k sf House of Sport, a rapidly growing retail concept by DICK’S Sporting Goods combining a wide assortment of sports-related products with in-store experiences like a climbing wall, golf simulation bays, multi-sport cages and an attached outdoor field available for open play, clinics and sports leagues.
• Three stand-alone pads. Lease negotiations are already underway for these sites, with potential tenants representing the latest in restaurant, retail and business services.
“This is the next exciting phase for land that has been in our family and business for decades. Watching it continue to evolve into a thriving retail and community destination is incredibly meaningful to us,” said SanTan Development Group President Ty LeSueur. “Signature at SanTan Village will be a place where our hometown community can come together to shop, dine and connect. It builds on the strong foundation we’ve helped establish in the geographical center of the Town of Gilbert, and we couldn’t be more pleased with the team bringing this vision to life as we continue to shape the growth and success of this lifestyle center.”
A future Phase II at Signature at SanTan Village will add approximately 115k sf of retail and restaurants, including stand-alone buildings and junior anchors. Signature at SanTan Village sits within a nearly 600-acre master planned parcel that, once fully built out, will encompass 3 msf of retail, restaurants, entertainment, office, residential and hospitality uses.
Western Retail Advisors and Phoenix Commercial Advisors support the ongoing leasing activity at the development.
The site shares a signal intersection with SanTan Village, an open-air, super-regional lifestyle center that spans 1.2 msf. It is surrounded by nearly 287,000 residents within a five-mile radius and benefits from exposure to approximately 58,000 vehicles per day along Santan Village Pkwy and Williams Field Rd.
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