Lofts in Gilbert?

The East Valley Tribune writes about a proposed development for the southeast corner of Gilbert and Warner:

An area of Gilbert once considered for a giant Wal-Mart is now proposed to have residential lofts, retail stores, an amphitheater and new town government buildings.
Gilbert’s planning department is hosting an open house tonight on the proposed master plan for the 57-acre site on the southeast corner of Gilbert and Warner roads. The plan includes about 20 acres of town property and 37 privately owned acres.

If you read to the end of the article, you will see that the Wal-Mart has now shifted its sights to the Gilbert Town Square across the street.