Crys­tal La­goons looks to U.S. af­ter open­ing pools world­wide

The Dallas Morning News - - Dfw Realestate Finder -

The com­pany touts Olympic swim­ming le­gend Michael Phelps as its of­fi­cial world am­bas­sador, boasts dozens of projects from Egypt to Ar­gentina and cites re­ports that its bril­liantly blue pools are be­com­ing the globe’s top real es­tate amenity.

Crys­tal La­goons, formed in 2007 by Chilean real es­tate de­vel­oper and bio­chemist Fer­nando Fis­chmann, launched its first U.S. wa­ter basin, 7.5 acres in size, at a new Tampa, Flor­ida, de­vel­op­ment and ex­pects to open a sec­ond set of 10-acre la­goons this spring in part­ner­ship with LeFrak and Turn­berry de­vel­op­ers at the $4 bil­lion Sole Mia project in North Mi­ami.

The ven­ture, which has its U.S. op­er­a­tions in Mi­ami, has eyed prop­er­ties in Char­lotte, ac­cord­ing to a re­port two years ago in the Char­lotte Ob­server. The col­umn says Crys­tal La­goons has 11 de­vel­op­ments in the works in the U.S. af­ter cre­at­ing 300 re­sorts and com­mu­ni­ties world­wide with its one-of-a-kind la­goons. The largest will be a 90-acre la­goon in Dubai, now un­der con­struc­tion, the Ob­server says.

What has stirred in­ter­est is the com­pany’s high-tech – and en­vi­ron­men­tally sound, ac­cord­ing to the ven­ture and some out­side sources – in­no­va­tions to de­velop stun­ningly pris­tine bod­ies of wa­ter. Crys­tal La­goons on its web­site ar­gues that its pu­rifi­ca­tion sys­tem has ap­pli­ca­tions in pro­vid­ing wa­ter as a re­source, such as for in­dus­trial cool­ing sys­tems and build­ing the la­goons on top of un­san­i­tary pools to pre­empt con­tam­i­na­tion, and open­ing pub­lic la­goons at golf cour­ses, parks and other recre­ational ar­eas.

Ely Por­tillo in the Char­lotte Ob­server ac­count de­scribes a crys­tal la­goon as a “wa­ter fea­ture, ba­si­cally, that uses pro­pri­etary ul­tra­sonic and ‘dis­in­fec­tion pulse’ tech­nol­ogy to pu­rify wa­ter with lower chem­i­cal and en­ergy costs. The wa­ter basin, typ­i­cally sev­eral acres, is clear and blue, pro­vid­ing a cen­ter­piece for water­front din­ing, an amenity aimed at for-sale and rental hous­ing and a venue for recrea­tion. The ar­ti­fi­cial bod­ies of wa­ter come with white-sand beaches and docks for small boats, if de­sired, he said.

Uri Man, chief ex­ec­u­tive of Crys­tal La­goons U.S., was in Char­lotte in Fe­bru­ary 2016 pro­mot­ing the com­pany while not­ing he had deals un­der ne­go­ti­a­tion in Char­lotte and in Asheville, North Car­olina, ac­cord­ing to the news­pa­per colum­nist.

“Our la­goons pro­vide real es­tate de­vel­op­ments with sub­stan­tial quan­tifi­able ben­e­fits such as in­creases in pric­ing, sales ve­loc­ity, higher rents and in many cases the la­goons are be­ing used to trans­form oth­er­wise non­vi­able de­vel­op­ment sites into vi­able de­vel­op­ment sites,” Man told the news­pa­per.

Ac­cord­ing to the ar­ti­cle, Crys­tal La­goons con­tends that the bod­ies of wa­ter “are cheaper, eas­ier to main­tain and more eco-friendly than golf cour­ses,” typ­i­cally a big en­tice­ment for new com­mu­ni­ties. A crys­tal la­goon costs be­tween $200,000 and $250,000 per acre to build and $2,000 to $2,500 each month to main­tain per acre, the ar­ti­cle notes.

On its web­site, Crys­tal La­goons lists nu­mer­ous me­dia ac­counts of its novel re­sort and com­mu­nity at­trac­tion, in­clud­ing in The Wall Street Jour­nal, Bloomberg Busi­ness­week and The Weather Chan­nel.

“Crys­tal La­goons is an in­ter­na­tional com­pany with 16 of­fices around the world, which has de­vel­oped and patented a state-of-the-art tech­nol­ogy that en­ables crys­tal clear la­goons of un­lim­ited sizes to be built and main­tained at very low costs,” the com­pany says on­line. The mega-pools of­fer “an idyl­lic beach life­style any­where in the world.”

Jim Parker, CTW Fea­tures

CTW Fea­tures

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.