REBusinessOnline reported that IPA Capital Markets, a division of Marcus & Millichap, arranged joint venture equity on behalf of VAC Development for The Cliff at Green Valley Ranch, an adaptive reuse redevelopment in Henderson. Jeremy Slocumb of IPA led the transaction. The article said the project will be Henderson's first major open-air retail, dining and lifestyle development of its scale since 2004, converting two obsolete office buildings, built in 2002 on 10 elevated acres at 2500 to 2550 Paseo Verde Parkway, into a 100,000-square-foot Class A, pedestrian-friendly campus.
According to the piece, The Cliff will have 38 units, from 200-square-foot kiosks up to a 16,000-square-foot Arhaus anchor, arranged around a 26,000-square-foot covered outdoor dining lounge. Confirmed tenants include The Taco Stand, Lyte House, Barista Botanist and Killer Whale Creamery. Planned amenities listed were landscaped courtyards and breezeways, a central bar and outdoor lounge, covered patios, a food-kiosk alley, a children's play area, public art and live music and performance zones. Deliveries will begin in the second quarter of 2027, with the first tenants opening in the second half of that year.