Fast growth of Crystal Lagoons in the U.S.08/24/2021
Crystal Lagoons has numerous ongoing operations worldwide, but those spotted across the U.S., such as Solé Mia, Balmoral, Windsong Ranch, Lake Nona, Section 31, Southshore Bay, Mirada, Avenir, Sierra Vista, have confirmed the United States as the company’s leading market.
In addition, the company is expanding its successful Public Access Lagoons™ projects offering ticketed-entry in Florida and Texas, and 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,” adds Manzur.
Dallas Hot Market
Investors are Big on 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: Dallas M.A. alone population 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 value 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 Dallas neighbourhoods 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 current population growth, density and demand, the city has expanded its neighbourhoods to suburb areas, where school district quality, home values, employment rate, income levels have played a strong role to several real estate investors, specially master-planned community investors. Crystal Lagoons is already taking a big part in Dallas increasing market as at least four Public Access Lagoons™ projects are in the works, to deliver Dallas growing population amenities that are up to their high quality of life expectations.
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 by Land Tejas, the largest MPC developer in Texas, count with 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™ 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 Crystal Lagoons would be accessible to the public through the purchase of a ticket.
The crystalline lagoons 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 Crystal Lagoons next to hotels in Orlando would be a boon for these properties, said Brad Parker, a land expert with Longwood-based Southern Realty Enterprises Inc., who isn’t involved with Crystal Lagoons. Parker said potential locations could be in The Villages, the tourist corridor, Lake Mary and at the Olympus project in Clermont, based on the developer’s plans to open in those counties.
“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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