Vestar Gives The District at Green Valley Ranch in Henderson a $3M Makeover
- Mar 16, 2014
After a $3 million renovation, Vestar Development has re-unveiled the District at Green Valley Ranch, a 384,100-square-foot retail center in Henderson, according to rentv.com. A joint venture of Vestar and Rockwood Capital acquired the property two and a half years ago in a $79 million deal.
Part of Green Valley Ranch, a master-planned development at the foothills of Black Mountain, the District features a tenant roster that includes Whole Foods, West Elm and William Sonoma. The 37-acre property has gone through a number of customer-oriented changes and improvements that aim to create a new ambiance for shoppers.
Vestar has added new lighting above the revitalized Main Street district. Major changes to the exterior include new outdoor furniture, a splash pad for children and improved landscaping, including palm trees that will provide additional shade. The changes also offer the option of closing off the street for large-scale events.
The District at Green Valley Ranch was built in phases with the first totaling 212,600 square feet of retail and office space on Green Valley Parkway, plus 88 luxury condo units. Phase two totals 171,500 square feet of retail and office on a 16-acre parcel. Combined vacancy for both phases is less than 20 percent, rentv.com reports.