After years of legal warfare over the old Badlands golf course, developer Yohan Lowie is quietly back shopping for dirt in Las Vegas.
Lowie's firm, EHB Companies, has purchased a 20.6-acre parcel in the northwest valley, inside city limits at the northeast corner of Tropical Parkway and Alpine Ridge Way. The move marks a return to local land deals following the long-running Badlands fight, and this one arrived with little fanfare.
The sale closed this month for about $14.2 million, according to the Las Vegas Review-Journal. EHB Companies is listed as the buyer, and a company representative told the Las Vegas Review-Journal it had "no comment" on recent land purchases. For now, the deal looks like a one-off acquisition rather than the kickoff to a splashy new master plan.
Settlement Reshaped Ownership Of The Badlands
City records show the council approved a settlement in December 2024 that combined cash payments and land transfers to end years of litigation. As outlined in the City of Las Vegas council packet, the package called for the city to pay $286 million from liability reserves and to acquire roughly 255 acres as part of a $636 million agreement, then resell parcels for about $350 million to a developer to help fund the settlement. The structure was designed to clear title and dismiss the remaining lawsuits against the city and the developers.
Lennar's 'The Preserve' And A Coming Wave Of Homes
Under the resale terms, Lennar Corp. bought the larger Badlands tract and is marketing the community as "The Preserve," with plans for about 1,480 townhomes, condos and single-family homes and a "Coming 2028" banner at the site, according to the Las Vegas Review-Journal. City records and developer signage indicate the transactions closed earlier this year, clearing the path for initial entitlements and infrastructure work. The scale of Lennar's plan helps explain why smaller nearby parcels have gained buyer interest.
Active Land Market Beyond The Badlands
Federal and private land sales have added momentum to that activity. Recent Southern Nevada Public Land Management Act auctions and other sales have put new parcels in play around the valley, which developers say will ease supply constraints and spur building, according to local coverage. The Bureau of Land Management and auction results have pushed acreage into the market, and local reporting shows multiple parcels changing hands in the northwest and southwest valley this spring, per KTNV. EHB's 20.6-acre buy fits a larger pattern of strategic, smaller acquisitions near major master-planned projects.
Why This Matters For Developers, Neighbors And Legal Cleanup
The purchase signals that Lowie and his team remain active players in Las Vegas development. EHB Companies lists Lowie as its CEO and founder and highlights other valley projects. At the same time, the December 2024 settlement included legal concessions, with plaintiffs agreeing to dismiss remaining cases and waive certain reversion rights, which cleared title and allowed the city and buyer to move forward, according to city documents. Together, that legal cleanup and renewed private buying have reshuffled who controls key tracts of valley land.
What To Watch Next
Keep an eye on permits, subdivision filings or marketing pushes for both Lennar's The Preserve and the newly acquired 20.6-acre parcel. Those public records will show whether EHB is lining up homes, planning a future sale or eyeing another use. For neighbors and market watchers, the next few months of plan review and infrastructure work will reveal whether the Badlands era has truly given way to broad new building.
