Crystal Lagoons Announces New PAL™ Projects in Colombia18 December, 2023 / News
Medellín and Urabá are the cities where the new Public Access Lagoons™ projects, also known as PAL™ complexes, by Crystal Lagoons, will be located in Colombia, thus consolidating the multinational’s position in the dynamic Colombian Market.
Four public access projects will bring the idyllic beach lifestyleto cities far from the coast and in diverse geography, combining mountains and valleys. Both cities are located in Antioquia, one of Colombia’s most influential and relevant departments in population, economy, culture, and history.
In Medellín, the capital of Antioquia and Colombia’s most modern city, the first complex will be developed. It will feature a large crystalline lagoon as its central piece, suitable for swimming and water sports, surrounded by white sandy beaches. Integrated around it will be residential units, hotels, gastronomic hubs, retail, and a beach club, among other infrastructure typical of the PAL™ model.
Another recent milestone in the coffee-growing country for the multinational company founded by the scientist Fernando Fischmann was its entry into Latin American retail through Azul de Arenas, the largest shopping and entertainment center in the Colombian Caribbean, which stands out for its sustainable design and urban planning. The complex, located in Cartagena de Indias, will be anchored by a 3-hectare crystalline lagoon suitable for swimming and water sports, to which any person will have access via ticketed entry.
This development is part of one of the largest agreements signed by Crystal Lagoons in Latin America. It is a mega-contract, in partnership with AED Constructores, one of the leading real estate firms in the country, which includes 13 projects with crystalline lagoons that will enhance the Colombian Caribbean and the Eje Cafetero, two local tourist icons.
It was the great success of Baia Kristal, the first real estate complex by Crystal Lagoons in Colombia, also in partnership with AED Constructores, that led the company to sign the master agreement to develop projects in Barranquilla, Santa Marta, and Pereira, among other cities.
“Colombia is becoming a fast-growing market for Crystal Lagoons. Developers have identified the added value of incorporating a crystalline lagoon. While Antioquia is a particularly attractive area for these developments due to its characteristics, it stands out, especially for being a region characterized by sustainability, one of the core elements of our technology,” explains Miguel Ángel Cabañas, Crystal Lagoons’ regional director for Latin America and the Caribbean.