Q&A: VAC Development details The Cliff mixed-use destination
A new mixed-use development is taking shape outside of Las Vegas.
VAC Development has broken ground on The Cliff, a $100 million transformation of a 10-acre, 100,000-sq.-ft. office property in Green Valley Ranch, a master-planned community in Henderson, Nevada.
A VAC Development-led joint venture acquired and recapitalized the project at the end of August, with CAST Capital Partners continuing as a partner. Construction on The Cliff officially began on Sept. 1, with delivery to tenants targeted for the second quarter of 2027.
Several brands have already joined the project. The Cliff’s most recently-added future tenants include home lighting retailer Visual Comfort and fitness concepts Pvolve and Bodyrok. They join previously announced tenants Arhaus, The Taco Stand, Lyte House, The Barista Botanist and Killer Whale Creamery.
Andrew Dunn, principal at VAC Development, spoke with Chain Store Age about the company’s vision for the project.
How did the plan for The Cliff come about? How long was the office property on the market for?
The CAST team was doing a tenant tour for the local market and couldn't find anything before pondering on an adjacent office building to The Cliff. The real gap was the lack of Class A retail in a market that had so much pent up demand with the growing affluence and density of the surrounding demographic coming out of COVID, with high-quality tenant prospects having nowhere to go.
The property was on the market for several months before the original ownership acquired the property in August 2023. The new ownership led by VAC Development acquired the property at the end of August 2026.
How much square footage will be dedicated to retail?
The Cliff will feature about 92,000 square feet of total indoor retail space with about 8,000 square feet of patio.
What types of tenants, including dining concepts, are you hoping to attract alongside those already committed?
Tenants that have a continued understanding of the community of Green Valley and Henderson's history but also catering to the newer demographic that has relocated from California, New York and Arizona.
We see a more elevated approach to the market with the tenants who have signed at the property. We have been very selective on who we want to lease here, and have rejected almost three-times the amount of proposals as there is space because ownership is so focused on the tenant mix.
These tenants should have a focus on high end hospitality, speakeasies, great food, health and wellness with some skincare products, activewear, fast-casual food and designer-level shopping.
How will entertainment play a role in The Cliff's programming? What types of events will the property host?
The Cliff will host a variety of holiday events, luxury car meetups, farmer's markets, live music and local neighborhood events.
How will The Cliff differentiate itself from other mixed-use properties in Las Vegas?
The key is the community and how we are adjacent to Lifetime and all the types of clientele that are attracted there, this location is a center focal point of the Henderson community being in a designated entertainment district by the city. We are in close proximity to the newly renovated Green Valley Ranch Casino and have accessibility through St. Rose Pkwy and I-215 with the $160 million improvements by NDOT.
In addition, we have 360 degree parking around the property with walkable access, so guests aren't 20 rows deep in a parking field. The tenants are designed to increase dwell time so a consumer isn't just going to one store and leaving like a lot of the other properties in the market.
The goal is for guests to go to two to five concepts on every visit, as there is a cohesive ecosystem of tenants that play off of one another.
