Green Valley Ranch is getting a new destination in a familiar place: construction is underway at The Cliff, a redevelopment of former offices at 2500 and 2550 Paseo Verde Parkway. Restaurants, shops, and fitness studios are planned, with tenant spaces targeted for delivery beginning in the second quarter of 2027.
A new chapter for Green Valley
VAC Development is transforming a roughly 10-acre office property into a dining, shopping, and entertainment destination in Green Valley Ranch.
VAC Development began construction in September 2026 at 2500 and 2550 Paseo Verde Parkway, south of the 215 Beltway.
The two buildings will require changes to accommodate new customer-facing businesses, from interior layouts to visitor access.
For residents who regularly pass the site, construction is the immediate change; none of the announced new businesses should be mistaken for already open.
Because the site is in an established neighborhood, parking, access, and evening activity are especially relevant questions for nearby residents.
What is planned
The proposed tenant mix includes dining, specialty retail, exercise studios and gathering spaces.
The developer's current leasing page specifically lists Arhaus, The Taco Stand, Lyte House, The Barista Botanist, and Killer Whale Creamery as signed tenants; other reported names should be treated as announced or prospective until individually confirmed.
Individual tenants may announce their own opening dates, hours, and services later, and operators will announce their own opening dates after completing their spaces.
The development also envisions live music, comedy, and outdoor activities, though specific schedules have not been released.
That combination could allow visitors to pair an exercise class or shopping trip with a meal.
The next milestone for readers is the first confirmed tenant opening announcement.
How much is the project costing?
Local reporting has described total development costs at approximately $70 million, while Commercial Property Executive reported a $100 million office-to-retail project. These are attributed estimates, not one agreed project budget.
The difference may reflect how reports count land acquisition, construction and other development expenses; neither figure should be presented as a final audited total.
Property records cited in local reporting indicate that the ownership group bought the site for $27.5 million in a sale completed in late August.
The figures show the scale of the investment, not a forecast of customer traffic or business performance.
Transforming existing offices into shops and restaurants requires changes to interior spaces and the surrounding visitor experience.
The result may alter the pattern of daily trips in the area, but claims about future traffic or jobs require additional evidence.
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 Illustrative image accompanying the redevelopment story; not a verified photograph of The Cliff. |
Timeline and opening expectations
September 30 construction reporting targets tenant handover in the second quarter of 2027. The developer's current website more broadly says delivery in 2027.
Handover is a construction milestone, not a confirmed grand opening for the entire development.
After receiving space, individual businesses may still need interior buildouts, staffing, inspections, and other preparations.
Residents should therefore watch for business-specific announcements before planning visits.
Construction schedules can also change as work progresses, especially on a project involving the reuse of older commercial buildings.
Neighborhood questions worth following
The property's change of use raises practical questions about access, parking and evening activity.
City of Henderson planning documents address permitted commercial uses, live entertainment and temporary events at the property.
Those records help explain the intended concept but do not supply a final entertainment calendar.
Neighbors may want to know when outdoor programming will occur and how it will fit into the surrounding area.
Traffic and noise impacts should be assessed using actual operating plans, rather than assumptions based on early renderings.
Local businesses may also be interested in whether the development attracts visitors who spend time elsewhere in Green Valley Ranch.
What happens next
The next useful updates will be confirmed tenant openings, access arrangements, and construction milestones.
Menus, hours, and accessibility details will be most useful once each operator publishes them.
Anyone seeking official information can consult Henderson's public planning records and follow official city notices and the developer's updates.
The Cliff could become another neighborhood gathering place, but its value to residents will become clearer when the spaces open.
Residents should expect a gradual tenant rollout after the initial space handovers.
We will be watching which promised businesses actually arrive and what visitors can expect when doors begin to open.
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18 Comments
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Live music could be nice, though I'd want to know the hours before getting too excited about evening activity near homes.
For neighbors near Paseo Verde, the evening hours might matter more than the store lineup. Will outdoor events have set end times?
That’s an important question for nearby neighbors. Outdoor event schedules and end times haven’t been announced yet. We’ll watch for those details as plans develop.
Quick reminder that the second quarter of 2027 is for tenant spaces, not restaurant openings. I almost read it the other way.
kim_87I missed that too. Sounds like we could be waiting a while after the spaces are delivered.
The $70 million and $100 million estimates are pretty far apart. It would be useful to know what each one includes before calling either the project cost.
My family usually heads farther out for ice cream, so Killer Whale Creamery caught my eye. Still a long wait if spaces won’t be ready until 2027.
I like the idea of having a fitness studio and somewhere to eat in the same spot. Hopefully the walkways between the buildings are easy to use.
Nina PatelAgreed. Some shade between the buildings would make a big difference in summer too.
My family usually has to make separate trips for dinner and shopping. Having both at Paseo Verde could be handy if the tenant mix works out.
Does anyone know if the plans include a safe way to walk in from the nearby neighborhood? Visitor access matters as much as parking.
I like seeing those offices reused, but how much parking will The Cliff have once the restaurants and fitness studios are busy?
The Taco Stand and Killer Whale Creamery sound like a fun pairing. I hope we hear actual opening dates once their spaces are ready.
Maria G.Tacos and ice cream would make an easy family dinner. Hope they end up opening around the same time.
That does sound like a fun pairing! Both are listed as signed tenants, and we’ll watch for their own opening announcements as their spaces take shape.
Turning those Paseo Verde offices into shops makes sense, but parking could get tight if there’s live music too. Has anyone seen a parking plan?
The Taco Stand and Killer Whale Creamery sound like a nice addition to Green Valley Ranch. I’m curious how much outdoor seating The Cliff will have.
Maria G.Outdoor seating would be great, especially by the creamery. I hope they leave room for families without crowding the walkways.