The Cliff moves from office conversion plans into construction

What is happening

Construction has started on The Cliff, the project converting a two-building Henderson office complex into a dining, shopping and entertainment destination. VAC Development announced the start of work in late September, according to the Las Vegas Review-Journal. The roughly 10-acre property is at 2500 and 2550 Paseo Verde Parkway in Green Valley Ranch, as confirmed by the developer’s location page.

The ownership group bought the site for $27.5 million in a transaction that closed August 31, the newspaper reported from property records. CAST Capital Partners remains involved in the ownership group. The developers are targeting the second quarter of 2027 to begin handing spaces over to tenants. That is a tenant-delivery target, rather than a confirmed date when every business will be open.

The next use for the buildings

Plans include fitness, home furnishings and lighting, food businesses and outdoor entertainment. Trade reporting describes approximately 100,000 square feet of existing offices being converted at 2500–2550 Paseo Verde Parkway. AO Architects designed the project.

The development follows Henderson approval of a specific Cliff subcategory within the Green Valley Ranch master plan in June 2025. That approval allows expanded entertainment and outdoor programming. For neighbors, the immediate milestone is construction on an existing commercial property; the retail opening will come later.

One number remains unsettled

Published accounts describe different project costs: the Review-Journal reported a roughly $70 million undertaking, while commercial real estate outlets described a $100 million transformation. Those figures should not be treated as interchangeable without a developer explanation of what each includes.

What the tenant plan shows

The developer’s current leasing plan names Arhaus as a leased anchor in Building A, with 16,420 square feet. The Barista Botanist, Lyte House and Killer Whale Creamery appear as leased spaces in Building B, while The Taco Stand is listed in Building C. The site plan separates available suites from leased ones and says patio areas are not included in the interior square footage shown.

That layout gives a more specific picture than a single total for the project. The online plan includes several building groups and small kiosk spaces, with numerous suites still marked available. It also says the plan can change. A business named on a leasing diagram is an announced tenant, not confirmation that its storefront is ready for customers.

The website’s presentation includes a central bar, green space and food kiosks, with before-and-after views showing the intended changes. Those images are design illustrations; they should be read alongside the construction status, not as photographs of a finished destination.

New leases and a later delivery window

Connect CRE’s September 29 report identified Visual Comfort, Pvolve and BODYROK as the newest additions to the tenant lineup. Those uses extend the project beyond restaurants into lighting and fitness. Commercial Property Executive reported that the design also includes covered patios, an outdoor lounge and a children’s play area.

The project website now advertises delivery in 2027. That is the useful current reference for readers who saw earlier announcements anticipating a 2026 opening. The quarter cited in construction reporting refers to spaces being turned over to tenants, who may still need to complete their own preparations before opening to the public.