Las Vegas Developer Hoping to Convert Offices to Retail, Restaurants

A real estate developer hopes to turn a dated Henderson office complex into a retail and dining hub. The Las Vegas Review-Journal reports that Bobby Khorshidi is looking to redevelop a two-building office property along St. Rose Parkway just south of the 215 Beltway into an open-air project called The Cliff at Green Valley Ranch.

Plans call for restaurants, shops, health and wellness venues and culinary kiosks, along with a central bar and communal gathering area. Pending city approvals, construction is slated to start in October.

The existing office complex was built more than 20 years ago and features two single-story buildings that total around 100,000 square feet.

Khorshidi, founder of Partners Capital, purchased the 10-acre site on Paseo Verde Parkway in 2023 for more than $17 million. His firm and Cast Capital Partners are partnering on the project.

The town’s council is expected to consider the project in early June.