Colombia has been a fruitful market for Crystal Lagoons this year. The multinational innovation company entered Latin American retail as part of the largest shopping mall in the Colombian Caribbean and recently signed a new agreement to develop four Public Access Lagoons™, also known as PAL™, projects in Antioquia, one of Colombia’s most influential and relevant departments in terms of population, economy, culture, and history.
The complexes, which will be located in Medellín and Urabá, will bring an idyllic beach lifestyle to cities far from the coast and in an area of diverse geography, combining mountains, valleys, and a climate that will allow year-round enjoyment of public access projects.
The first development will be located in Medellín, the capital of Antioquia and the most modern city in the country, a city in constant development and a favorable environment for innovative real estate projects such as those of Crystal Lagoons. Its central piece will be a crystalline lagoon suitable for swimming and water sports, surrounded by white sandy beaches. Around it will be incorporated residential units, hotels, gastronomic hubs, retail, and beach clubs, among other infrastructure typical of the PAL™ model.
Another recent milestone in the coffee-growing country for the multinational company founded by the scientist Fernando Fischmann was its entry into Latin American retail through Azul de Arenas, the largest shopping and entertainment center in the Colombian Caribbean, which stands out for its sustainable design and urban planning. The complex, located in Cartagena de Indias, will be anchored by a 3-hectare crystalline lagoon suitable for swimming and water sports, to which any person will have access via ticketed entry.
This development is part of one of the largest agreements signed by Crystal Lagoons in Latin America. It is a mega-contract, in partnership with AED Constructores, one of the leading real estate firms in the country, which includes 13 projects with crystalline lagoons that will enhance the Colombian Caribbean and the Eje Cafetero, two local tourist icons.
It was the great success of Baia Kristal, the first real estate complex by Crystal Lagoons in Colombia, also in partnership with AED Constructores, that led the company to sign the master agreement to develop projects in Barranquilla, Santa Marta, and Pereira, among other cities.
“Colombia is becoming a fast-growing market for Crystal Lagoons. Developers have identified the added value of incorporating a crystalline lagoon in their projects. While Antioquia is a particularly attractive area for these developments due to its characteristics, it stands out, especially for being a region characterized by sustainability, one of the core elements of our technology,” explains Miguel Ángel Cabañas, Crystal Lagoons’ regional director for Latin America and the Caribbean.