Crystal Lagoons® has maintained a successful presence in the Latin American real estate and tourism industries, with nearly 100 projects in different stages sported across the continent. Some of the most emblematic developments in Mexico, are the renowned Diamante Cabo San Lucas resort and Blúu, a real estate project in Mazatlán, among others.
The multinational innovation firm that brings beach life to various cities around the world, is currently in advanced negotiations in Mexico and hopes to close a master agreement to develop numerous Public Access Lagoons™, also known as PAL™.
Previous projects have sparked the interest of prominent Mexican investors, as did a roadshow that Crystal Lagoons carried out last January in Mexico City, detailing positive aspects of the PAL business model.
Different investment funds and local real estate firms are currently evaluating these public access projects, which are expected to be located in Mexico City, Monterrey, Guadalajara, Tijuana, Puebla, Cuernavaca, Cancun, Merida, Morelos, Juarez, among other cities.
“Mexican investors have identified these developments as a new long-term investment alternative, with rates of return higher than those offered in any other industry. They also require a low initial investment and present limited risk, as projects quickly generate profits even before construction is fully completed, producing a financial pyramid,” explains Felipe Baldwin, Global Business Director at Crystal Lagoons.
“Mexico is a market with great potential for these PAL projects due to its climate and population, among other factors. We strongly believe PAL will change the lives of millions of Mexicans by bringing a piece of the ocean within walking distance of their homes. By reducing air and car travel to the coastal cities, it thereby positively reduces the carbon footprint and human impact on local biodiversity,” Baldwin concludes.