Crystal Lagoons joins Miami Beach’s most important real estate development worth USD 4 thousand million5 October, 2015 / News
Crystal Lagoons’ has recently achieved its most important milestone in the U.S. so far, just a year after the company’s arrival to the American market.
The Miami-based multinational company has joined Miami Beach’s most important real estate development. SoLē Mia is the name of the mega-project that sits on Bal Harbour area, in Miami’s largest urban district currently available, with 182 acres.
The new development will radically change Miami’s real estate concept, bringing the idyllic lifestyle of the beach to the inner areas of the city with two 12-acre crystal-clear lagoons that will be surrounded by 37 acres of parks, over 92.000 m² of shopping centers and restaurants, office spaces, a 150-room hotel and more than 4.390 residential units. All these facilities will transform northern Miami, turning it into a new touristic icon for the city.
The USD 4.000 million project is part of a joint venture between LeFrak and Turnberry Associates, both linked to two of the U.S.’ most prominent families.
On one hand, LeFrak controls over 400 buildings throughout the U.S. and it is also involved in important mining and oil companies. Richard LeFrak, LeFrak’s CEO, is one of the wealthiest people in the United States.
On the other hand, Turnberry Associates is controlled by the Soffer family, one of the world greatest fortunes. Jeffrey Soffer is the company’s chairman and he is married to former fashion model Elle Macpherson. Turnberry owns Aventura Mall, Florida largest and most luxurious shopping mall. The company has also invested over 8.000 million dollars in commercial and residential projects, 7.000 condominiums and more than 2.000 hotel rooms.
Some of the world’s most renowned architectural and urbanism firms in the residential sector are also part of this project, such as “ARQ”, “EDSA” and “Design 3 International”. The latter will be involved in the development of commercial areas.
“We are very proud of being part of this significant project for Miami and of our partnership agreement with LeFrak and Turnberry”, Uri Man, Crystal Lagoons US Corp.’s stated.
The executive expanded on that saying that “we are disrupting the American real estate market with a game-changer concept that adds value to new developments. This is what has already happened in every single market Crystal Lagoons has been present around the world”.
Less than a year after the company settled down in Miami, it already boasts an amazing real estate portfolio that keeps growing throughout the U.S. The firm has already signed 8 projects with some of the most important real estate developers of the nation. Apart from that, Crystal Lagoons is also evaluation 35 other developments in estates such as Texas, Nevada, Arizona, California and Hawaii, among others.
Some of these outstanding projects are: Lake None, developed in partnership with Tavistock Group, controlled by John Lewis – English millionaire and Tiger Wood’s friend -; and other projects being developed in partnership with Metro development Group, and Medallion Homes.
Crystal Lagoons Corp. is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size crystal clear lagoons at very low costs.