Costa Rica is known as “the Switzerland of Central America” thanks to its political and economic stability, environmental commitment, and its more than 600 beaches and 750 miles of coastline. In this paradise destination, Crystal Lagoons, a multinational innovation company founded by Fernando Fischmann, finalized a new mega-agreement for six real estate projects that, along with three previous Public Access Lagoons™ complexes, consolidates the presence of the multinational in this country.
The first of these projects involves five condominiums with 1,045 residential units. Its central piece will be a 1.4-hectare crystalline lagoon surrounded by white sand beaches, suitable for bathing and water sports. Other developments, some of which could include public access areas, are planned in different provinces.
“The interest in developing projects with lagoons powered by Crystal Lagoons® technology in tourist destinations around the Caribbean, such as Costa Rica, demonstrates the added value of this amenity. Regardless of whether they are located in coastal or Mediterranean cities, these turquoise bodies of water provide the experience of a tropical paradise anywhere in the world,” explains Miguel Ángel Cabañas, Regional Director of Crystal Lagoons for Latin America and the Caribbean.
With these new complexes, Crystal Lagoons has 22 projects in different planning and development stages in Costa Rica. One of these developments is a PAL™ complex, which will have a 2.5-hectare lagoon that will be included in the 900-hectare NYA real estate mega-project, which also has another 3.5-hectare crystalline lagoon in a private residential area.
This development is focused on affluent US and Costa Rican retirees located in Guanacaste, 25 miles from the Pacific coast, and it’s the first of 11 PAL™ projects considered in the exclusivity agreement with the conglomerate Blue Water Ventures for complexes in Costa Rica and Guatemala.
“PAL™ developments allow access to the crystalline lagoon and white sand beaches to anyone who buys a ticket, giving them the experience of a tropical paradise in the middle of the city. Furthermore, there are spaces around the lagoon for fairs, food halls, weddings, hotels, shops, restaurants, concerts, terraces, domes, and amphitheaters,” concludes Cabañas.