Crystal Lagoons brings beach life to Atlanta and North Carolina

21 October, 2022 / News

Crystal Lagoons is coming on in leaps and bounds with its Public Access Lagoons™ projects in the United States having reached important commercial agreements for the states of Georgia and North Carolina. The agreements were signed with real estate manager Tenth Street Ventures (TSV) and financial group EcoVest Capital. After signing the first agreement for the Atlanta metropolitan area, one of the five cities with the fastest growing population and economy in the United States, the two companies decided to sign a second contract for PAL™ projects in North Carolina, one of the most populated states in the country.

This is not the first time that a Crystal Lagoons partner has added more PAL™ projects after signing an initial agreement. The same happened with ADËLON Capital, which, after signing a master agreement for PAL™ complexes in Orlando, then signed a second deal to develop these public access projects in Brevard County and other locations on Florida’s east coast.

TSV is interested in bringing crystalline lagoons to Atlanta and some of the main cities of North Carolina because they have Mediterranean climates but no coastline or beach life. Four to six projects will be developed in major counties in Georgia including Chattanooga, Athens and Atlanta, while in North Carolina, Charlotte, a major U.S. financial and energy center, will see its first crystalline lagoon.

TSV is a consortium of real estate management, construction, investment and residential rental companies and is headed by renowned businessman Brian McCarthy. EcoVest Capital Inc. is an investment fund with a diversified real estate portfolio.

“The artificial lagoons and PAL™ projects of Crystal Lagoons have been a real hit with the U.S. public and are now seeing rapid expansion in Florida and Texas. Georgia and North Carolina, with their hot and humid summers, will now get to enjoy the beach experience that PAL™ developments bring to cities, just like 200 years ago in England, when the first urban parks were created in London, bringing the forest to the city,” said Ivan Manzur, Senior VP of Sales, Crystal Lagoons US Corp.

The PAL™ complexes will recreate a Caribbean style ambience in these regions with turquoise waters, white sands and water sport activities and are open for visitors on payment of an entrance fee. PAL™ projects also feature hotels, multifamily areas, stores, restaurants, and venues for weddings conferences, concerts and other events.

Texas, Florida, California, Georgia, North and South Carolina, Alabama, Tennessee and Mississippi are just some of the states into which Crystal Lagoons has been expanding and the company now has over 260 real estate and PAL™ projects at different stages of development. Among the most successful to date are Epperson, Lago Mar, Sole Mia, Balmoral, Windsong Ranch, Southshore Bay and Beachwalk.

For developers, the sustainability element of Crystal Lagoons® technology has been a major draw. These one-time-fill, closed-loop lagoons can use any type of water (sea, brackish and fresh) and require half as much water as urban green spaces. Additionally, they use up to 100 times less chemicals than the average swimming pool and only 2% of the energy of a conventional filtration system.

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