LAS VEGAS, Nev. (FOX5) – Design plans have been finalized for a new open-air shopping center in the Green Valley Ranch area.
An aging office complex that sits at 2500-2550 Paseo Verde Parkway will be repurposed into a new, 100,000-square-foot center called “The Cliff,” according to developers.
The $30 million development will also bring a “differentiated shopping experience from that of other retail centers in the Las Vegas metro.”
The center will have 25 retail spaces in total, which will all range in size from 1,800 square feet to 17,000 square feet. Valley residents can look forward to “a curated collection of causal and fine dining restaurants, boutiques, and health and wellness uses,” a recent press release reads.
“Las Vegas is in the midst of a culinary renaissance and The Cliff has been designed specifically to be an extraordinary gathering place offering next-level food culture and bespoke retail uses for the local community,” said Partners Capital, one of the center’s designers, Principal Mark Blumenthal.
The Cliff is expected to draw from more than 300,000 residents surrounding the center, according to CAST, which has been engaged to handle leasing. It will also be highly visible to the 177,000 cars off of I-215 and the 54,000 vehicles that exit off the freeway at St. Rose Parkway.
“This location is what restaurants and retailers dream of,” said CAST’s Chris Clifford who leads the development and leasing team along with Principals, Steve Neiger and Brett Rather. “Not only is Green Valley Ranch one of the most sought out destinations for businesses in the City of Henderson, but the neighborhood is also characterized by younger households with some of the highest average incomes in Nevada.”
The center is still pending final approval from the City of Las Vegas, and construction is expected to begin in October.
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