Las Vegas — Partners Capital and CNR Retail have announced plans to convert a 100,000-square-foot office complex, located in Las Vegas’ Green Valley Ranch neighborhood, into a food-and-beverage-driven, open-air retail center.
Dubbed The Cliff, the $30 million adaptive reuse development will offer 25 retail spaces, ranging from 1,800 square feet to 17,000 square feet; a central bar; a 26,000-square-foot covered outdoor dining lounge with communal meeting spaces; live performance area; fire pits; kiosks; and public art installations. The joint venture acquired the property in August 2023 for $17.2 million in an off-market transaction. Built in 2000, the property was 80 percent leased to office tenants at the time of sale.
Construction is scheduled to begin in October, pending final approval from the city. Completion is expected in the second quarter of 2025. AO Architects is serving as the project architect.