Orlando is going to get a taste of the lagoon beach life with multiple developments planned. Crystal Lagoons, the multinational water innovation company that has taken Caribbean beach life to places all over the world, will now bring turquoise waters, white sand beaches, and aquatic sports to Orlando.
The project is set to open as early as 2023. All PAL complexes planned for Orlando will not only offer idyllic beach life and entertainment, but also hotels, multifamily developments, stores, restaurants, wedding areas, conferences, concerts and many more. The developments will be located in Lake, Orange, Seminole, Osceola and Sumter Counties.
“This important partnership with such a respected developer represents a new landmark for Crystal Lagoons® in a region that is ideal for our globally known lagoons. We chose Orlando because we believe this iconic central Florida city can be revolutionized by our crystalline waters, which have been lauded in the press as being at the ‘helm’ of the amenity craze,” Iván Manzur, Crystal Lagoons Corporate Senior VP of Sales, said.
“This agreement confirms 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,” added Manzur.
Jonathan Cohen, ADËLON Capital founder and co-chairman says, “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 Orlando the only thing it is lacking: a beach lifestyle.”
Crystal Lagoons offer safe environments for swimming and water sports, such as paddle boarding, kayaking and sailing. The global technology company has developed a patented concept and technology to create unlimited-sized, crystal-clear lagoons that bring the luxury of a beachfront experience anywhere in the world at very low costs.
Crystal Lagoons is expanding throughout Florida, Texas, California, Arizona, Alabama, North & South Carolina, Georgia, Washington DC. They currently have 221 real estate and PAL projects in different stages of development by investor groups and developers across the United States with projects such as Epperson, Sole Mia, Balmoral, Lago Mar, Windsong Ranch, Section 31, Southshore Bay, Mirada, Avenir and Sierra Vista.
Fernando Fischmann, the founder of Crystal Lagoons, had to overcome a series of difficulties to invent and patent the technology that was able to make the development of sustainable crystalline lagoons feasible. During recent years, Crystal Lagoons has experienced a dramatic increase in the demand for its concept and technology, and today the company’s IP valuation exceeds $4.1 billion.
ADËLON is a multi-asset investment group with a proven track record and solid expertise in the ownership, acquisition, development, management and disposition of hospitality, multifamily and mixed-use assets.