Orlando is the next destination for Crystal Lagoons®06/02/2021
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 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.”
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, also knownas PAL™ projects, 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.
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