New Crystal Lagoons project in Paraguay Achieves Sales Success

Crystal Lagoons continues to expand in Paraguay with the new Marena project, strategically located in Luque, near the capital, Asunción. This development represents a milestone as the first multinational complex featuring apartment buildings in an urban area, offering a unique investment opportunity in the Paraguayan real estate market.

Marena stands out for its monumental crystalline lagoon with Crystal Lagoons® technology, a highly valued amenity in the Paraguayan market. The project has broken sales records, with more than 45% of the units sold in its first phase, generating unprecedented buyer interest and reflecting the appeal of crystal clear lagoons in this market.

Driven by Crystal Lagoons with commercial partners Eydisa, a Paraguayan real estate company, and Castex, the project comprises eight apartment buildings with spectacular views of the crystalline lagoon surrounded by white sandy beaches and palm trees. Residents will enjoy a unique lifestyle with access to year-round water activities such as Stand Up Paddle, kayaking, windsurfing, and swimming. The residential project is just minutes from the urban center, close to malls, offices, restaurants, banks, schools, and supermarkets.

This new project is part of Crystal Lagoons expansion in Paraguay. This country already has outstanding projects such as Aqua Village en San Bernardino, Blue Lagoon en Pedro Juan Caballero, Costa del Lago en Hernandarias, and AquaTerra en Luque. 

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Columbia, the capital of South Carolina, a city without a coastline, will now have an idyllic beach life thanks to the first project signed by Crystal Lagoons in this state. This new operation adds another chapter to the success story in the United States of this multinational innovation company founded by the scientist Fernando Fischmann. The US is the company’s main market worldwide, with more than 275 projects at different development and negotiation stages.

The project will feature a 4.8-acre crystalline lagoon surrounded by white sandy beaches. It will have a private area reserved for residences and tourists staying at a luxury hotel, confirming the impact on the hospitality industry of Crystal Lagoons. On the other hand, it will have a public access area, accessible to all through ticketed entry, which will have all the features of the Public Access Lagoons® model, also known as PAL® developments. For this reason, it will be a hybrid complex equipped with extensive commercial, entertainment, and sports infrastructure, as well as terraces, restaurants, parks, a wedding peninsula, a children’s area, and other amenities.

The project, called Oak Hills, forms part of an agreement with Contender Development, Broadstreet, Inc., and Blue Lagoon Development LLC. to develop four complexes in the state.

“The Crystal Lagoons® at Oak Hills will provide exceptional, safe and enjoyable recreational spaces for all ages. We’re excited to create a destination that will not only enhance the quality of life for residents but also become a focal point for the entire region”, says Joseph Baldassarra, president of Broadstreet.

“PAL® developments and Crystal Lagoons® technology have become very attractive projects worldwide, so we are confident that this complex will be a success”, explains Ivan Manzur, Senior VP of Sales, Crystal Lagoons US Corp.

PAL® projects are environmentally friendly as they reduce the carbon footprint of tourism and transportation by more than 40%, reducing travel to coastal destinations by around 50%. In addition, they also offer event venues with unparalleled scenic beauty.

Crystal Lagoons is revolutionizing the global shopping mall industry with its disruptive technology, which integrates leisure, retail, and idyllic beach life in one place. Its new project in ColombiaKristal Mall, is the largest shopping mall in the Colombian Caribbean and the country’s first Shopping Resort. It blends entertainment and shopping around a monumental 5.3-acre crystalline lagoon with turquoise waters as its centerpiece. This innovative project addresses the global challenge of reinventing malls, transforming them into multifunctional destinations that attract a new generation of visitors.

Located in Cartagena de Indias, Kristal Mall spans 296 hectares and features a leasable area of 110,000 m². Powered by Crystal Lagoons in association with AED and Arquitectura & Concreto, this cutting-edge complex will offer a wide range of amenities, including high-end stores, restaurants, terraces, a cinema, an amusement park, a 150-room hotel, offices, apartments, healthcare centers, and an event venue designed for weddings, concerts, and large-scale shows.

Its main attraction will be the crystalline lagoon, developed under the Public Access Lagoons® model, also known as PAL® developments. The lagoon will bring the tropical beach lifestyle to this tourist city, which historically lacked high-quality beaches. Visitors can enjoy various aquatic activities, such as swimming, paddleboarding, kayaking, windsurfing, and more, redefining the region’s commercial and entertainment landscape.

PAL® developments, accessible to the public through a ticketed entry, stand out for their versatility. They are ideal venues for mass events such as concerts, fairs, exhibitions, and weddings. Their unparalleled scenic beauty is highlighted by monumental crystalline turquoise water lagoons, which light up at night to create a magical atmosphere. Infrastructure such as theaters, terraces, domes, and climate-controlled esplanades ensures year-round events, regardless of the season.

Kristal Mall is part of one of Latin America’s most extensive agreements between Crystal Lagoons and AED, a leading Colombian real estate company. This strategic agreement includes 11 projects in key regions such as the Eje Cafetero, the Andean Region, and the metropolitan area of Bogotá.

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Crystal Lagoons adds new accolades in 2024 to its extensive list of awards, with three of its most iconic projects again winning top honors at the prestigious International Property Awards, further cementing its legacy of international success. These awards, widely regarded as the most prestigious in the global real estate industry, highlight the transformative power of Crystal Lagoons® technology, capable of turning developments into commercial phenomena, redefining urban landscapes, and significantly enhancing the quality of life in the cities where the crystalline lagoons are introduced.

Lagoon Park Bucharest: An Urban Revolution in Europe

In Romania, the PAL® Development Lagoon Park Bucharest won the “Leisure Development” award, showcasing the revolution of Crystal Lagoons® technology in this iconic European city by bringing the idyllic beach life experience close to homes. Part of the exclusive Central District Lagoon City mega-project, this monumental crystalline lagoon has generated a mass attraction phenomenon since its pre-opening. Tickets sold out a week in advance, and the queues exceeded two hours, reflecting the immense interest in enjoying this artificial lagoon, suitable for swimming and water sports. Accessible to anyone through ticketed entry, it offers a unique Caribbean-style experience in the heart of Bucharest. Surrounding it are 11,000 m² of white sand beaches, restaurants, a beach bar, terraces, event and sports areas, exhibition spaces, green areas, and other infrastructure typical of the PAL® model.

Santa Rosalía Lake and Life Resort: Award-Winning Excellence in Spain

The iconic Santa Rosalía Lake and Life Resort in Murcia continues to rack up accolades. This year, it took home two awards at the European Property Awards: “Best Mixed-Use Development” for the fourth consecutive year and “Best Mixed-Use Architecture.” Featuring a 4-acre crystalline lagoon as its centerpiece, the project reimagines the nautical experience, enabling water sports in a safe natural setting. It also combines luxury residential areas with commercial, sports, and entertainment zones, creating a unique balance between urban living and nature in one of Europe’s sunniest locations, with more than 300 days of sunshine a year.

Munyaka: Innovation and Commercial Success in South Africa

The Munyaka project, home to South Africa’s largest crystalline lagoon, added another award to its impressive list of nine international accolades. This year, it was again recognized at the African Property Awards, reaffirming its status as a luxury and sustainability benchmark. In association with Balwin Properties, this exclusive development has achieved unprecedented commercial success, breaking sales records and leading sales rankings that have earned it further recognition. In just four days, 550 apartments were sold, replicating the historic record set by The Blyde, another complex developed by Crystal Lagoons with Balwin Properties in Pretoria. Known as “Johannesburg’s first beach,” the Munyaka lagoon covers an area equivalent to seven rugby fields. This unique space blends white sand beaches with luxury apartments, recreational areas, and commercial services, creating an unprecedented experience in South Africa’s economic heart.