Crystal Lagoons makes grand entrance into the U.S. with 21 projects in development
Crystal Lagoons® crystalline lagoons have positively disrupted the U.S. to such an extent that real estate and hotel executives have described them as “a turning point” in the real estate and leisure industries of that country. This is something that has been confirmed by the top 50 selling real estate residential projects in the country, a ranking developed by John Burns Real Estate Consulting, which positioned projects with crysalline lagoons among the top positions, leaving behind projects with golf courses.
This change in the company’s paradigm has brought 21 projects in development within the U.S. Out of them, three have already opened in Florida and Texas, located in Tampa, St. John’s and Houston, respectively.
Some forthcoming projects for Florida are Lake Nona, in Orlando; SoleMia in Bal Harbour, Miami; a Public Access Lagoon project in Jungle Island, one of the main theme parks of central Miami. In Texas, Windsong Ranch, Bayside, Sierra Vista West, to mention a few. The company’s latest development subscribed is Avenir, with two thousand hectares in Palm Beach Gardens, Florida.
“In the U.S., demand for our technology has been exponential. This country has become one of the main markets for Crystal Lagoons in the world. Real estate companies are aware that crystalline lagoons will provide substantial benefits to their projects, such as higher prices and faster sales, offering an amenity of crosswise appeal”, said Kevin P. Morgan, Crystal Lagoons U.S. Corp. Executive Vice President.
Furthermore, the company is negotiating another 110 projects in different phases of development that total $53.4 billion of investment. A remarkable aspect is that these projects spread out throughout 22 of the 50 U.S. States, reaching 50% of them.
The project that will change Las Vegas
One of the most relevant milestones of the company in that country is the opening of the first Public Access Lagoon in Las Vegas, a new business model Crystal Lagoons is promoting worldwide. The name of the project is Wynn Paradise Park and it creates a wide beach in Las Vegas’ Strip, which will be within reach of anybody after paying an entrance ticket. The project will change forever a city that already seemed to have it all. Around the lagoon there will be restaurants, stores, a scenario for concerts, and other amenities for social activities.
The 12.1 ha crystalline lagoon will replace the only golf course located in the main axis of the city and it will offer tourists the chance to visit the beach and to practice water sports, additional options to gambling and variety shows, thus becoming the meeting point of this iconic tourist destination.
When Wynn Resorts announced that they were going to turn their golf course into a clear water lagoon powered by Crystal Lagoons, the former company reported an increase in their EBITDA index, from $5 million to $350 million, just a few minutes after the announcement, and the stock market value reported a 12% rise, that is to say, a $1 billion increase.
“This is the most important urban project Crystal Lagoons has in the U.S. Our plan is to transform the landscape of Las Vegas once again”, Morgan stated.
Crystal Lagoons is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size crystalline lagoons at very low costs.