Fast growth of Crystal Lagoons in the U.S.08/19/2021
Crystal Lagoons has numerous lagoon projects operating worldwide, but those spotted across the U.S., such as Solé Mia, Balmoral, Windsong Ranch, Epperson, Lago Mar, and Southshore Bay, have validated the United States as the company’s leading market.
In addition, the company is expanding its successful Public Access Lagoons™ model with ticketed-entry across Florida and Texas, with important master agreements, such as the one signed with Epic for 16 developments, in different geographical areas.
“We are holding advanced negotiations with investment funds and leading malls in Florida, California, South and North Carolina, Texas, Arizona and Oklahoma for additional master agreements, which now represent 90% of the firm’s contracts,” Ivan Manzur, Senior VP of Sales.
Dallas Hot Market
Investors are big on the Dallas real estate market as the city has become one of the most important metropolitan areas in the U.S. and, according to Roofstock, is considered a quasi-getaway city for investors looking for dependable, liquid real estate environments. Here are some key reasons why Dallas is a prime location for real estate:
- Population Growth: The Dallas M.A. population alone grew by nearly 2% last year and is set to probably see the biggest population surge in the country this decade
- Job Market: The city is one of the fastest-growing job hubs in the U.S. with a GDP of nearly $523.9 billion USD
- Real Estate Market: Home values increased by 12.3% over the last year and 56% over the last 5 years.
- Historic Price Changes & Housing Affordability: Home prices are rising in most of Dallas neighborhoods and rents have increased by 13% year-over-year.
- Quality of life: Forbes has ranked Dallas as the 2nd best place for business and careers in the U.S. and is among the best 25 places to live and retire in the country, according to U.S. News & World Report.
To face the current population growth, density, and demand, the city has expanded its neighborhoods to suburban areas, where school district quality, home values, employment rate, and income levels have played a strong role in the decision-making of several real estate developers, especially master-planned community investors.
Crystal Lagoons is already at the forefront of this boom, with at least four Public Access Lagoons™ projects in the works set to deliver experience-centric amenities to Dallas’ growing population seeking unique entertainment offerings.
According to the last RCLCO 50 Top-selling Master-planned communities report, there are 18 top-selling projects in Texas, 6 of them in Dallas. The three top-selling developments by Land Tejas – the largest MPC developer in Texas – have a lagoon powered by Crystal Lagoons® technology.
New developments in Orlando
Crystal Lagoons signed a new contract with Hollywood-based asset manager ADËLON Capital, to develop at least five Public Access Lagoons™ projects in the Orlando area starting in 2023.
The development team aims to open locations in Orange, Seminole, Osceola, Lake and Sumter counties. Unlike previous plans in Orlando, these crystalline lagoons would be accessible to the public through the purchase of a ticket.
The PAL™ amenities will be built in conjunction with other new development like hotels and apartments. “We will bring Orlando the only thing it is lacking: a beach lifestyle,” Jonathan Cohen, ADËLON Capital founder and co-chairman, said in a prepared statement.
“Opening Public Access Lagoons™ next to hotels in Orlando would be a boom for these properties”, said Brad Parker, a land expert with Longwood-based Southern Realty Enterprises Inc. “There’s no question it would increase revenue for a resort,” Parker said. “It’s another avenue of marketing to get people to come there.”
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