Construction Starts on The Cliff, a New Dining and Retail Hub Replacing Old Offices in Green Valley Ranch

by Ryan Rose

What Happened

VAC Development says construction on The Cliff officially began on Sept. 1, 2026. The company announced the start on Tuesday, Sept. 29. The project sits on Paseo Verde Parkway along St. Rose Parkway, just south of the 215 Beltway, in the Green Valley Ranch neighborhood of Henderson.

The site is about 10 acres. Right now it holds two single-story office buildings that cover about 100,000 square feet combined. The buildings went up in 2002. The Henderson Chamber of Commerce, in a letter of support for the project, described the complex as "largely vacant" and said it had "never been updated." The new owners plan to keep the buildings and turn them into a place people actually want to hang out.

According to VAC Development, The Cliff will have:

A central bar and outdoor lounge
Covered patios
A food kiosk alley
An open-concept play area for kids
Dedicated spaces for outdoor gatherings and entertainment

The Review-Journal reports that plans also call for live music, comedy shows and other outdoor programming.

The announced tenants are Visual Comfort, Pvolve, BODYROK, Arhaus, The Taco Stand, Lyte House, The Barista Botanist and Killer Whale Creamery. Taken together, the Review-Journal describes the mix as fitness studios, a home-lighting store, a taco shop, an ice cream parlor, a cafe and other tenants. Real estate investor Benjy Garfinkle, who is part of the new ownership group, told the Review-Journal the complex is 40 percent leased.

The two news outlets reported different price tags. News 3 called it a $100 million redevelopment. The Review-Journal reported that Garfinkle put the group's total development costs at about $70 million, and that figure includes buying the land, construction, leasing commissions and similar costs. Either way, it is a big bet on this corner of Henderson.

The current ownership group bought the 10-acre site for $27.5 million, according to property records cited by the Review-Journal. That sale closed on Aug. 31, one day before construction began. Garfinkle said interior demolition was already underway and was expected to wrap up in about a week.

Here are the key facts at a glance:

Name: The Cliff
Location: Paseo Verde Parkway and St. Rose Parkway, Green Valley Ranch area of Henderson
Developer: VAC Development
Size: About 100,000 square feet on a roughly 10-acre site
Construction start: Sept. 1, 2026
Tenant handover: Second quarter of 2027
Leased so far: 40 percent, per the ownership group
Cost: $100 million per News 3; about $70 million in total development costs, including land, per the Review-Journal

A backhoe works behind construction fencing at the office buildings on Paseo Verde Parkway in Henderson that are being converted into The Cliff

Why It Matters to Las Vegas Residents

Start with the numbers the developer shared. Devon Sansone, principal of VAC Development, said in a statement that "Henderson is home to more than 340,000 residents but only roughly 195,000 square feet of Class A retail." He called that "a fraction of what comparable submarkets offer per resident" and said, "The Cliff is built to close that gap." "Class A" is a real estate term for the newest, best-kept and most in-demand commercial space. In plain terms, the developer believes Henderson has a lot of people and not enough newer, higher-end places to shop and eat.

Sansone also said his family has been developing in Henderson for more than 20 years. "We know this corridor and the demand here firsthand," he said. Garfinkle made a similar point to the Review-Journal. He said Henderson has not seen nearly as much retail development lately as Summerlin, on the other side of the valley. If you live in Green Valley Ranch and have ever driven to the west side for a new restaurant or an outdoor shopping center, you already know what he means.

For families, the draw is the setup, not just the stores. A kids' play area, covered patios and a central bar mean parents can sit down with a drink or a snack while the kids burn off energy. A taco shop, an ice cream parlor and a cafe are the kinds of places people visit every week, not once a year. Fitness studios bring morning and evening traffic. That mix is built for regular, repeat visits from nearby neighborhoods.

For homeowners, this matters because of what sits on the site today. An old office complex that has sat mostly empty does not help anyone. It brings little foot traffic, few jobs and not much reason to stop. A busy, well-kept dining and retail spot is a different story. When buyers look at homes, they often ask what is close by: coffee, dinner, a gym, a place to take the kids. Having more of those close to home can be a plus for a neighborhood.

There are tradeoffs to keep in mind. More visitors can mean more cars at the intersection and more activity in the evening, especially on nights with live music or comedy. Neighbors across St. Rose Parkway have already raised concerns about signage, which we cover below. Anyone who lives right next to the site should keep an eye on how events, lighting and parking play out once it opens.

There is also a bigger lesson here for the whole valley. The Cliff is a reuse project. Instead of clearing desert for a new shopping center at the edge of town, the owners are taking buildings that already exist, in a neighborhood that is already built out, and giving them a new job. Garfinkle told the Review-Journal the buildings and utilities are already in place. For established parts of Henderson and Las Vegas, this kind of project is one of the few ways to add new places to eat and shop close to existing homes, because there is not much empty land left in older neighborhoods.

Street-level rendering of The Cliff in Henderson showing a food kiosk, landscaped walkways and shaded storefronts where the office complex stands today

Background and History

The Cliff is not a brand-new idea. A different group of investors first set out to turn the office complex into The Cliff. That group bought the site in 2023 for about $17.3 million, according to property records cited by the Review-Journal. Our May 18 roundup covered an earlier update on the project, when the first restaurant tenants were announced. What is new this time is that the property has changed hands, construction is underway and there is a target date for tenants.

The project went through Henderson's approval process under the original team. Attorney Elias George, who represented the original development group, told the Henderson Planning Commission in 2025 that his clients wanted to convert "two tired and old commercial complexes" into what he called an "anti-mall" concept. He told the commission, "You're not just voting for another retail center; you're really voting on a model for the future of suburban retail in Southern Nevada."

Not everyone liked every part of the plan at first. Several residents in a neighborhood across St. Rose Parkway emailed the city to oppose a proposed "illuminated billboard-style sign." They wrote that it was "completely out of scale with the surrounding area" and worried it could set a "dangerous precedent" for more commercial signs nearby. The original developers responded by shrinking the sign and cutting back its LED portion. The Henderson City Council then approved the project plans unanimously in June 2025.

Those existing approvals are a big reason the new owners stepped in. Garfinkle told the Review-Journal he got interested because the project already had city approvals. He also said converting an office building into retail is not that complicated. In some ways, he said, it is easier than building from scratch, because the buildings are already there and the utilities are already in place. "You would never know it was that office building six months from now," he said.

VAC Development is a joint venture between WG Group, founded by Garfinkle and Michael Werner, and Sansone Investments, led by Devon Sansone. According to a news release cited by the Review-Journal, the ownership group also includes Cast Capital Partners, which was part of the original development team.

Aerial view of the two white single-story office buildings along St. Rose Parkway in Henderson that are being redeveloped into The Cliff, with homes and mountains behind them

What Happens Next

The first step is inside the buildings. Interior demolition was underway in late September and was expected to finish within about a week, according to Garfinkle. After that, crews will reshape the property into storefronts, patios, the kiosk alley, the bar and lounge, and the play area. Drivers on St. Rose Parkway and Paseo Verde Parkway can expect to see fencing and equipment on site for months.

The developers say they plan to start handing spaces over to tenants in the second quarter of 2027. That date is when tenants get the keys to build out their own spaces. It is not the same as a grand opening. Each business will need time to finish its interior before it opens to the public, so individual opening dates may land later and may not all happen at once. Neither news report gave a public opening date.

Here is what to watch between now and then:

More tenant announcements. The owners say the complex is 40 percent leased, so more names could be announced as leasing continues.
Construction progress. Watch for the exterior work to start once interior demolition wraps up.
Event plans. Live music, comedy and outdoor programming are part of the plan. Details on schedules have not been announced.
Opening dates. Once tenants finish their build-outs, each business will set its own opening. Follow the businesses you are excited about, like The Taco Stand or Killer Whale Creamery, for their own updates.
Signage. The approved plan uses a smaller sign with less LED than first proposed. Neighbors who raised concerns will likely watch how the final version looks and how bright it is at night.

Ryan's Take

I like this one for Green Valley Ranch. Turning a tired, mostly empty office complex into a place with patios, a kids' area, coffee, tacos and ice cream is about as neighbor-friendly as commercial projects get. It reuses buildings that are already there instead of scraping new land, and it gives the surrounding homes something they can walk or bike to. When I show homes, buyers ask me all the time, "What's close by?" A spot like this becomes part of that answer, and it helps the story of the whole neighborhood.

I also want to be straight with you. A new shopping and dining center does not change home values overnight, and nobody can promise a specific bump. What it can do is make an established area feel fresh again, and that matters in Henderson, where a lot of the newer retail buzz has been happening on the other side of the valley. My advice: if you live nearby, enjoy watching it come together, and pay attention to the details, like parking, lighting and event nights. If you are shopping for a home in this part of Henderson, it is one more good sign that people are still investing in the area.

Daytime rendering of The Cliff in Henderson showing a covered outdoor patio with diners, palm trees and a glass-front building

What You Can Do

If you live near St. Rose and Paseo Verde: Plan for construction activity on your drives for the next several months. If you have concerns about noise, traffic or lighting during or after construction, the City of Henderson is the place to raise them. The project already went through public hearings, and residents' input changed the sign plan. That is a good reminder that neighbors do have a voice in how these projects look and work.

If you are a homeowner in Green Valley Ranch or nearby: Keep this project in mind if you are thinking about selling in 2027. New amenities close by can be a real talking point for buyers. If you want to know how nearby changes like this fit into your home's value today, a quick home value review is a good place to start.

If you are house hunting in Henderson: Look at the whole area, not just the house. New dining, fitness and family spots can make a big difference in daily life. Green Valley Ranch and the surrounding Henderson neighborhoods offer a mix of established homes close to new projects like this one. Ask about commute routes, schools and what is being built nearby before you make an offer.

If you own a local business: The ownership group says the complex is 40 percent leased, which means there is still space that has not been spoken for. If you have ever wanted a storefront, kiosk or studio in this part of Henderson, now is the time to reach out to the developer and ask what is available. And if you are looking for work, keep an eye out in 2027. New restaurants, cafes and fitness studios all need staff once they open their doors.

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

Sources

News 3 Las Vegas (KSNV): $100M retail redevelopment project breaks ground in Henderson

Las Vegas Review-Journal: Construction starts to turn Henderson office complex into new dining, retail site

Images: renderings and aerial courtesy AO via VAC Development (published by News 3 Las Vegas); construction photo published by the Las Vegas Review-Journal.