Fast growth of Crystal Lagoons in the U.S.

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 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.

 

Dallas Hot Market

Investors are Big on Dallas Real Estate Market as the city has become one of the most important metropolitan areas in the U.S. and, according to Roofstock, is considered a quasi-getaway city for investors looking for dependable, liquid real estate environments. Here are some key reasons why Dallas is a prime location for real estate:

  • Population Growth: Dallas M.A. alone population grew by nearly 2% last year and is set to probably see the biggest population surge in the country this decade

  • Job Market: The city is one of the fastest-growing job hubs in the U.S. with a GDP of nearly $523.9 billion USD
  • Real Estate Market: Home value increased by 12.3% over the last year and 56% over the last 5 years.
  • Historic Price Changes & Housing Affordability: Home prices are rising in most Dallas neighbourhoods and rents have increased by 13% year-over-year.
  • Quality of life: Forbes has ranked Dallas as the 2nd best place for business and careers in the U.S. and is among the best 25 places to live and retire in the country, according to U.S. News & World Report.

To face current population growth, density and demand,  the city has expanded its neighbourhoods to suburb areas, where school district quality, home values, employment rate, income levels have played a strong role to several real estate investors, specially master-planned community investors. Crystal Lagoons is already taking a big part in Dallas increasing market as at least four Public Access Lagoons™ projects are in the works, to deliver Dallas growing population amenities that are up to their high quality of life expectations.

According to the last RCLCO 50 Top-selling Master-planned communities report, there are 18 top-selling projects in Texas, 6 of them in Dallas. The three top-selling by Land Tejas, the largest MPC developer in Texas, count with a lagoon powered by Crystal Lagoons® technology.

 

New developments in Orlando

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 be 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.”

Orlando Business Journal

Latest News

Crystal Lagoons started 2024 on a high note. The multinational announced a new contract that enhances its presence in this country, the primary market for the firm in the Middle East and North Africa (MENA) region.

The new real estate project is Azha North Lagoon, a second home complex located on the North Coast, in partnership with Madaar Development, a firm with which Crystal Lagoons has already developed the successful project Azha Ain Sokhna on the Red Sea. The new project will be in Ras Al Hikma, an area of great tourist and holiday success. It is on the front line with a 27-acre lagoon.

In Egypt, Crystal Lagoons has projects in different stages of development and operation, mainly located on the North Coast and along the Red Sea. Also in this country, the multinational has advanced negotiations to enter Cairo with its Public Access Lagoons™ complexes, also known as PAL™, which will revolutionize the lifestyle in Egypt’s cities, bringing beach life to the doorstep of homes and accessible to anyone through the payment of a ticket.

These crystalline lagoons are an attractive real estate amenity in Egypt. Among the multinational’s business partners in Egypt are recognized managers such as Tatweer Misr, Hassan Allam Properties, Golden Pyramids Plaza, and Madaar Development, among others. Likewise, Egypt is the second largest crystalline lagoon in the world at the Citystars Sharm El Sheikh project, with 28 acres in the middle of the desert.

“In Egypt, Crystal Lagoons® technology is recognized as the only one capable of developing crystalline lagoons at low construction and maintenance costs,” explains Miguel Ángel Cabañas, regional director of Crystal Lagoons.

Original content

With new developments in Buenos Aires (Openn Pilar), Rosario (Vida Lagoon y Distrito Cero), and Mar del Plata (Developer Aqua), Argentina has consolidated its position as Crystal Lagoons’ main market in South America after Chile.  In addition to these complexes, there are others in association with essential local real estate managers such as Castex, Morvial, Arkken Group, Rossetti Desarrollos Urbanos, Grupo Monarca, Grupo Developer, DLM, Galp Inversiones and Vizora in Gran Buenos Aires, Córdoba and Pinamar. The projects Terralagos, Lagoon Pilar, Acquavista, and Remeros Beach, among others, stand out.

All Crystal Lagoons developments in Argentina have become sales successes. Remeros Beach sold over half of its sites within the first two months, while Terralagos sold more than 1,000 lots, exhausted apartments in record time, and has a waiting list for the next building to be launched, both projects in Buenos Aires. In Mar del Plata, Developer Aqua sold one-third of the project on the first day of commercial launch, tripling the price per square meter.

“In Argentina, beyond the different economic situations, the success of Crystal Lagoons does not stop. Projects incorporating lagoons generate exponential added value in the real estate sector. The projection is even more positive because an increase in foreign investment is expected in the coming months, which will further boost the real estate market”, explains Francisco Matte, Crystal Lagoons’ regional director for Latin America.

One of the keys to the multinational’s success in Argentina is the beachside lifestyle of its residents who, thanks to the crystalline lagoons, can enjoy turquoise waters just steps from their homes without the need to take a plane, even in inland areas such as Córdoba and Rosario and in a renowned resort town like Mar del Plata.

Crystal Lagoons also has advanced negotiations in Argentina to develop Public Access Lagoons™, also known as PAL™ projects. These complexes, accessible to anyone by paying a ticket, feature large crystalline lagoons and white sand beaches surrounded by attractive amenities such as restaurants, beach clubs, retail outlets, theaters, and cultural activities.

Original content

Crystalline lagoons, powered by Crystal Lagoons® technology, have redefined the global real estate market paradigm. Once again, a leading economic media outlet, Forbes, acknowledges the impact of this amenity, highlighting it as a key driver of sales across the board. Particularly notable is the case of Colombia, where crystalline lagoons have been a fundamental factor in the commercial success of real estate projects. An eloquent example of this phenomenon is the commercial success of the construction company Arquitectura y Concreto. Crystal Lagoons has been a determining factor in the 70% increase in its sales, even in a challenging real estate context facing a 45% decline.

“It sounds unbelievable, but that’s how it happened,” said Francisco Martínez, president of Arquitectura y Concreto, in an interview with Forbes Colombia, attributing the meteoric increase in sales to the innovation of Crystal Lagoons. The executive highlights the success of Crystal Lagoons projects with AED, including Baia Kristal in Cartagena de Indias, the best-selling project in Colombia, reflecting the multinational phenomenon in that market. In fact, with its 3.2 hectares of crystal-clear waters and white sands, it was initially projected to be sold within three years, but it ended up being commercialized in less than 12 months, positioning itself as the #1 project in sales in the country since its launch.

This success led AED to finalize a master agreement with Crystal Lagoons to develop 13 projects with crystalline lagoons in the Colombian Caribbean and the Coffee Region, including cities such as Barranquilla, Santa Marta, Pereira, and Cartagena de Indias.

Azul de Arenas is part of this agreement and marks Crystal Lagoons’ entry into Latin American retail as part of the Colombian Caribbean’s largest shopping and entertainment center. The project’s centerpiece in Cartagena de Indias will be a 3-hectare crystalline lagoon suitable for swimming and water sports.

Forbes