An Empty Office Park on St. Rose Parkway Is Becoming The Cliff. Here Is What That Means If You Live Nearby

by Ryan Rose

What Happened

VAC Development announced on Tuesday, Sept. 29, 2026, that it had started construction on The Cliff. The Las Vegas Review-Journal reported the news the next day. The site is a 10-acre property with two single-story office buildings. Together they cover about 100,000 square feet. The Review-Journal describes the property as sitting along St. Rose Parkway just south of the 215 Beltway, with the buildings on Paseo Verde Parkway. KTNV 13 describes the location as near the 215 at Green Valley Parkway and St. Rose Parkway.

The current owners bought the site for $27.5 million, according to property records cited by the Review-Journal. That sale closed on Aug. 31. Real estate investor Benjy Garfinkle, who is part of the ownership group, told the paper the complex is already 40 percent leased. He said interior demolition was underway and should wrap up within about a week.

The plan calls for fitness studios, a home-lighting store, a taco shop, an ice cream parlor, a cafe, and other tenants. The developers also plan live music, comedy shows, and outdoor programming. According to a news release, they hope to start handing space over to tenants in the second quarter of 2027. That is when businesses can start building out their own spaces, which usually comes before doors open to the public.

Garfinkle told the Review-Journal why he took on the project. It already had city approvals. He also said Henderson has not seen nearly as much new retail lately as Summerlin, on the other side of the valley. And he said turning an office building into a retail space is not that complicated. In some ways, he said, it is easier than building from scratch, because the buildings are already standing and the utilities are already in place. His prediction: "You would never know it was that office building six months from now."

KTNV 13 spoke with Steve Neiger of Cast Capital Partners, part of the original development team and still part of the ownership group. He called the project "years of blood, sweat, and tears." Devon Sansone, whose firm Sansone Investments is one half of VAC Development, told KTNV the design is meant to give visitors "a point of connection versus feeling segmented." KTNV reported that more than 250,000 cars pass the area each day.

Architect's rendering of an outdoor bar area planned for The Cliff dining and retail complex in Henderson

The $70 Million vs. $100 Million Question

If you read more than one story about The Cliff, you may have noticed the numbers do not match. The Review-Journal called it a roughly $70 million project. KTNV 13 called it a $100 million project. Both outlets are reporting on the same buildings and the same plans. So which is right?

Here is what we know. The Review-Journal's $70 million figure comes straight from Garfinkle. He told the paper that the group's total development costs, including the land purchase, construction, leasing commissions, and similar costs, come to about $70 million. That is a specific number with a specific definition behind it.

KTNV's story describes a $100 million investment but does not break down what that number includes. It could count costs the Review-Journal figure leaves out, such as what tenants will spend building out their own spaces, or money spent by the earlier ownership group. We do not know, and we are not going to guess.

For a homeowner, the exact number matters less than what it signals. Either way, this is a serious, well-funded project. It is not a coat of paint on an old building. A group does not pay $27.5 million for land and then sink tens of millions more into it unless they believe people will show up. That belief is a vote of confidence in the households who live within a short drive.

There is a second timing difference worth knowing about. The developers' release targets turning over space to tenants in the second quarter of 2027. KTNV reported full completion is expected by early 2028. Those two dates can both be true. Tenants often get their keys months before the last shop opens. The practical takeaway: expect the first businesses sometime in 2027, and the whole place running by early 2028 if the schedule holds.

Why It Matters to Las Vegas Residents

For people who live near St. Rose Parkway, the biggest change is simple. A corner that has sat quiet is about to get busy again. According to a letter of support from the Henderson Chamber of Commerce cited by the Review-Journal, the office complex had sat "largely vacant" and had "never been updated." Empty office buildings do not bring much to a neighborhood. They do not draw people in. They do not give you somewhere to walk to on a Friday night.

A place with a cafe, a taco shop, an ice cream parlor, and live music does the opposite. It gives families a nearby option that does not involve a long drive across the valley. For many buyers, being close to good food and fun things to do is a big part of why they pick one neighborhood over another. When a new spot like this fills in, the area around it often becomes a little easier to sell. We cannot promise that will show up in any specific home's price, and nobody should. But "you can walk or take a quick drive to dinner" is a real selling point.

The tradeoff is traffic. KTNV spoke with a Henderson resident who raised traffic concerns about the area, while also pointing out that the tax money could help pay for city infrastructure. Both of those things can be true at once. St. Rose Parkway is already one of the busiest roads in the southern part of the valley. A retail center with live events and evening programming will add trips, especially at night and on weekends, when office buildings were mostly empty.

Lighting and noise are the other things nearby homeowners tend to care about. Signage was already a sore spot during the approval process, which we cover below. Outdoor music and comedy shows are part of the plan. If you live close enough to hear the 215, you probably will not notice much. If you back up to the site or face it across the parkway, it is worth keeping an eye on how events are scheduled once the place opens.

Why Office-to-Retail Conversions Change a Corridor

Converting offices into shops and restaurants is a big shift in how a property gets used. An office park is busy from about 8 a.m. to 5 p.m. on weekdays and nearly dead the rest of the time. A dining and entertainment spot flips that. It is quiet in the morning and busiest at lunch, in the evening, and on weekends. That is exactly when nearby residents are home.

That shift changes who uses the road and when. It changes how parking lots fill. It also changes the feel of the street. Instead of a block people drive past, it becomes a place people drive to. KTNV reported that the design puts storefronts on both sides of a central parking lot, which is meant to make the center feel connected instead of spread out.

Garfinkle's point about speed matters here too. Because the buildings and utilities already exist, a conversion can move faster than a brand new project. For residents, that means the change will come sooner than if someone had bulldozed the site and started over. It also means the footprint stays about the same. The Cliff is reusing roughly 100,000 square feet of existing single-story buildings, not stacking up a tall new structure.

Piles of excavated dirt on the construction site where Henderson office buildings are being converted into The Cliff

Background and History

The office complex was built in 2002. Like a lot of suburban office space, it struggled to stay full. The Chamber's description of it as largely vacant and never updated tells you most of what you need to know.

The investors who first set out to create The Cliff bought the site in 2023 for about $17.3 million, according to property records cited by the Review-Journal. They took the plan through the city. Attorney Elias George, who represented that original development group, told the Henderson Planning Commission that his clients wanted to convert "two tired and old commercial complexes" into what he called an "anti-mall" concept. He pitched it as a model for the future of suburban retail in Southern Nevada.

Not everyone loved the plan. Several residents in a neighborhood across St. Rose Parkway emailed the city to oppose it, according to records cited by the Review-Journal. Their main issue was a proposed illuminated sign. They called it "completely out of scale with the surrounding area" and worried it could set a precedent for more commercial signs in the area. The original developers responded by shrinking the sign and cutting back its LED portion. The Henderson City Council then approved the project unanimously in June 2025.

The site changed hands this summer. The sale to the current ownership group closed Aug. 31 for $27.5 million. That is about $10 million more than the 2023 purchase price, for a property that came with city approvals already in hand. VAC Development is a joint venture between WG Group, founded by Garfinkle and Michael Werner, and Sansone Investments, led by Devon Sansone. Cast Capital Partners, part of the original team, stayed on as part of the ownership group.

Aerial rendering of The Cliff retail and dining center near the 215 and St. Rose Parkway in Henderson

What Happens Next

Right now, crews are finishing interior demolition. Garfinkle told the Review-Journal that work should wrap up within about a week of the Sept. 30 report. After that comes the work of reshaping the buildings for restaurants and shops.

The next milestone residents should watch is the second quarter of 2027. That is when the developers aim to start handing spaces to tenants. Each tenant then builds out its own space, which takes time. So the first openings are likely to come after that handoff. KTNV reported full completion is expected by early 2028.

The other thing to watch is the tenant list. The project is 40 percent leased, which means more than half of the space still needs a business. The categories named so far are fitness studios, a home-lighting store, a taco shop, an ice cream parlor, and a cafe. The specific business names had not been announced in the reports we reviewed. As more leases get signed, the mix will tell you a lot about what kind of place The Cliff becomes. A center heavy on restaurants and live events will feel very different from one heavy on services.

Traffic changes, if any, would also be something to watch for as the project gets closer to opening. We have not seen any reported plans for new signals or road changes tied to The Cliff, so we are not going to speculate about them.

Ryan's Take

I like this project for the neighborhoods around it, and I want to be honest about why. Old, empty office space is one of the least helpful things you can have near homes. It does not bring life to the area, and it does not give anyone a reason to stop. Turning it into somewhere you can grab a coffee, take a fitness class, or get ice cream with your kids is a real upgrade for the daily experience of living there. One of the first things buyers want to know about any neighborhood is what is close by. A project like this gives a better answer.

I also think the traffic concern is fair, and I would not wave it away. If you live right on the edge of the site, the change from a quiet office park to an evening dining spot will be noticeable. My advice is not to panic and not to celebrate too early. Watch the tenant list, watch how events get scheduled, and give it a year after opening before you decide how it feels. And if you are thinking about buying in this part of Henderson, a project like this is a good reason to look at homes nearby, while also checking how close a specific house sits to the busiest roads.

Fenced office building on Paseo Verde Parkway in Henderson during early construction on The Cliff

What You Can Do

If you live near St. Rose Parkway, start by following the project. The developers have been sharing updates through news releases, and local outlets like the Review-Journal and KTNV 13 have been covering it. As tenants get announced, you will get a much better sense of what the place will be like.

If you have concerns about traffic, lighting, or noise once the center is running, the City of Henderson is the place to raise them. Planning Commission and City Council meetings are open to the public, and the city takes comments from residents. The neighbors who spoke up about the sign during the approval process got real changes made. That shows that showing up and speaking clearly can make a difference.

If you are thinking about selling or buying in Green Valley Ranch, Seven Hills, or nearby, think about where you sit relative to the project. Being a short drive from a new dining spot can be a plus. Backing right up to a busy parking lot may be less of one. Every home is different, and the best way to know how a project like this affects a specific property is to look at it street by street.

Have questions about how this affects your home or neighborhood? Reach out to Ryan Rose or text/call 702-747-5921 anytime. Ryan Rose | Real Broker, LLC | 702-747-5921 | ryan@rosehomeslv.com | rosehomeslv.com