Bonnie Springs set to close

 

  We are sad to report that Bonnie Springs is scheduled to close in March. Here is what we know.

Bonnie Springs Ranch, the replica Old West town with mock gunfights and hangings outside Las Vegas, could soon be razed for a high-end housing project.

Developer Joel Laub and his attorney and project partner J. Randall Jones are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. Their plans include a 25-room motel, a restaurant and a 5,400-square-foot event barn, Clark County records show.

Jones said in an interview Wednesday that he and Laub expect to close the purchase in mid-March.

Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. Jones declined to say the sales price.

The ranch’s redevelopment would spell the end of a decades-old desert attraction that offers a petting zoo, horseback riding, a motel and a mock 1880s mining town, and usher in luxury-home lots that are practically walking distance from mountains.

Laub’s past projects include LoftWorks, which offers two-story units with living quarters, offices and warehouse space, and he also founded Astoria Homes, a homebuilding company that he sold in 2005 during the real estate bubble. Jones is a founding partner of law firm Kemp, Jones & Coulthard.

The developers plan to carve out 20 residential lots at Bonnie Springs that range from about 2-3 acres each and sell them to people who would then build their own house. The lots will “not be inexpensive,” said Jones, who indicated the asking prices have not been finalized.