First PAL™ Project in Orlando07/09/2021
In the next few weeks, the groundbreaking ceremony will be held for the first of five Public Access Lagoons™ developments, also known as PAL™ projects, that Crystal Lagoons® will develop in Orlando, in partnership with ADËLON Capital.
It is the Orange County complex, located on a land of more than 57.6 acres where the area for the first crystalline lagoon is being cleared. The project will be about eight miles west of Walt Disney World’s Animal Kingdom.
In addition to the artificial lagoon powered by Crystal Lagoons technology as a centerpiece, the project will incorporate commercial spaces and restaurants. The plan is to have this first development open in 2023.
The Orange complex is one of five that Crystal Lagoons and ADËLON will jointly develop over the next 10 years in Orlando. The other four will be located in Seminole, Osceola, Sumter and Lake counties.
While Orlando has multiple water parks, it has no coast or idyllic beach life. This new mega agreement will open the doors for Crystal Lagoons® to bring a Caribbean style to Orlando, with turquoise waters, white sands and aquatic sports.
“This association represents a new landmark for Crystal Lagoons® in a region where other recognized real estate projects with crystalline waters can be found, such as Lake Nona with Joe Lewis’ Tavistock Group and Evermore Resort con Dart Interests. Likewise, it cements the success Crystal Lagoons® has had, which has been lauded by the press at the “helm” or the amenity craze,” says Iván Manzur, Crystal Lagoons® US Corp Senior VP of Sales.
Jonathan Cohen, ADËLON Capital founder and Co-president, remarks, “We are very happy with our strategic alliance with Crystal Lagoons, one of the world’s most innovative companies. With their technology, we will bring to Orlando the only thing it is lacking: a beach lifestyle.”
Florida, Texas, California, Arizona, Alabama, North & South Carolina, Georgia, Washington DC, among others are some of the states with the largest expansion for Crystal Lagoons in US, where the multinational currently has 221 real estate and PAL projects in different stages of development by praised investor groups and developers with projects such as Epperson, Sole Mia, Balmoral, Lago Mar, Windsong Ranch, Section 31, Southshore Bay, Mirada, Avenir and Sierra Vista.
“These agreements confirm that PAL projects are the future of our business. Investors are interested because of their cost effectiveness, safety, low risk and stability facing health and economic concerns brought by Covid. We have multiple PAL projects with investor funds and retail chains worldwide. It is a new revolution for Crystal Lagoons,” added Manzur.
PAL projects quickly become the most beautiful destinations in the city they are in. Its success can be seen in Epperson and Lago Mar (Florida and Texas), that register sold-out tickets in advance.
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