Fernando Fischmann

Crystal Lagoons expands in Colombia with 13 new projects

29 November, 2021 / News

Crystal Lagoons, an innovative multinational company that develops large crystalline lagoons, has signed one of its largest contracts in Latin America. The company will build 13 of its turquoise water lagoons in two of Colombia’s most important tourist destinations, the coffee growing region known as the Eje Cafetero and the Colombian Caribbean. Crystal Lagoons is already working on 197 such complexes which are at different stages of development in Latin America.

Building on the success of Crystal Lagoons’ first real estate project in Colombia, Baia Kristal, in Cartagena de Indias, which was developed in association with AED Constructores, this led both firms to sign a new mega-contract for 13 projects in Barranquilla, Santa Marta, Pereira, as well as Cartagena.

The first development will be a 200-hectare megaproject in Cartagena, one of the most important port cities in the world. The complex will host the first Public Access Lagoons™ development, also known as PAL™ projects, in Colombia and nine private real estate projects each with a 3-hectare navigable artificial lagoon.

Unlike private lagoons projects, the PAL™ developments are open to the public for a fee, allowing anyone access to this idyllic beach experience. Additionally, around the lagoon, there are commercial facilities for holding conventions, product launches, food halls, weddings, hotels, shops, restaurants, multiple stages for concerts, outdoor terraces, domes and amphitheaters.

“Baia Kristal’s unprecedented business opportunities wereplanned to be sold within three years, but ended up being sold in less than 12 months. This demonstrates that, contrary to what you might think, these crystal-clear lagoons can be successful anywhere in the world, in tourist spots as well as in coastal cities. This is what led AED Constructores to extend its partnership with Crystal Lagoons to develop 13 more lagoons,” said Jean Pierre Juanchich, Crystal Lagoons’ Regional Director for Latin America and the Caribbean.

In addition to this public access project in Cartagena, Crystal Lagoons will develop two more PAL™ complexes, one of which will be located in Pereira, the most populated city in the Eje Cafetero region. Despite being located almost 200 kilometers from the ocean, residents of Pereira will finally be able to enjoy a beach experience. The complex will include all of the infrastructure of the PAL™ model, enabling it to become in the meeting point in the city.

In Barranquilla, the main economic center in the Colombian Caribbean region, the project will the combine PAL™ model with private residential areas for first dwelling.

In Santa Marta, which is also located on the Colombian Caribbean coast and is the country’s oldest standing city, Crystal Lagoons will develop a residential project focused primarily on Colombians living abroad who are looking for a second home in their country.

These 13 new projects come as an addition to facilities already being developed in Colombia, which include Baia Kristal and another hotel development.

“Colombia is a market with great potential for Crystal Lagoons due to its climate, population and other factors. These projects will change the lives of millions of Colombians by bringing a Caribbean-like experience to their doorsteps,” said Juanchich.

The PAL™ model has attracted the interest worldwide. Some of the company’s biggest contracts are in the United States (16 PAL™ developments in partnership with Epic and Mattel and five with ADËLON in Orlando), Korea (30 PAL™ projects in partnership with Hyundai-NexPlan), Pakistan (15 PAL™ developments in partnership with Ary Group) and Central America (18 PAL™ developments together with successful entrepreneurs in the region).

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